If you were to judge SIO for their products-invention-developing patents ,staying a step ahead of the competition, the engineers ,technicians and employees in the field are to be highly commended.
SIO Hi-Fi, S2D switch, Auto Detect, Noise Reducer, Temporal Interpolation, Semiconductors, the HUD Format for 3D-4K TVs and the new Universal Format compatible with SbS decoders recently announced to name a few.
If we were to judge performance and execution to get those products to market and consumers in a timely and successful manner our management fails miserably and should be fired. Why?.
Management gets the credit which basically it should be, but does not have the knowhow to push those products successfully .
It`s the only management we ever had, and they have proved time after time that when it comes to realize revenues they lack all the necessary skills, one isolated quarter in dozens, showing a very small profit due to a one time payment by Wi-Lan does not cut it.
We have lost in excess of $35.000.000, averaging $1.000.000 a quarter since debuting on the Venture on June 2006.
I admit that under their umbrella good work has come out, but that work has to reach the masses and they don`t seem to know how to do it, they should have enlisted experienced help in 2012 or stepped aside, none happened and by the looks unless the Caisse enforces their power along with the BOD it wont happen.
WE have been shown and thrown every possible excuse as to why not, we are tired of excuses, we are tired of delays, we are tired of not being afforded respect, we are tired of non delivered promises, we are tired of their arrogance, we are tired of their lack of execution, we are tired of their very poor to no Marketing , we are tired of them.
We have been riding the SIO Hi-Fi for many years, Vizio, Hisense and TCL signed for it.
Only Vizio stuck with it, the “Global deal” made with TCL-Hisense got washed ,recycled, changed to the point that we have no clue as to where it stands.
Even when content was made available (at a huge expense) SIO could not sell the Format to the Big Guns ending up building platforms to PAN-LG and most likely to Samsung.
SIO announced 3DGo on the CES 2012 and with a PR stating that the long awaited 3DGo was available in the USA as of the end of April 2013 it was officially launched, we had content from Starz, National Geographic and Big Picture since the Summer of 2012 ,Disney since early March 2013 and Paramount late march 2013.
Even though we are now fully deployed with 3DGo it was a long messy road that came with a huge price ,in the millions and we are not over yet as we are re encoding the whole Library to a new so we are told SAVIOR Format.
The signing of LG was to be the Big Kahuna, the catalyst, the King of Kings, but the launch delays with their excuses set it back quite a bit.
Taking in consideration the last numbers given to us of 25.000 users in the USA as of April 30th and assuming 4 months of deployment (the first two at 6%) but the last two at 63% and 100% respectively it only added 2.500 members since we had 22.500 from Vizio and Panasonic prior to, I would say pathetic.
So unless they really dig in the spikes , increase Marketing, get their asssses in gear the base projections may be delayed yet some more.
They have played with accounting before so it can be shown as achived in the near future since we don`t have access to real time numbers, but forgetting that we need more accountability as to what`s going on.
A press release from an interview let us know about Spain and Germany 3DGo bases were already finished, not on the CC less than three weeks prior as it should have been, unless again words are cheap and you can throw them up in the air without consequences since there is nobody accountable.
I still call for a complete change of management, they will not get us where we have to be to be highly profitable or being set for a fair sale, that`s being proved.
I`m not giving up, I believe we are very close, still think money could be an obstacle yet and I`m petrified of the word PP.
Hard or perhaps easy to predict outcomes when you look back.
Still a big road ahead, very hard, we have an old car with an old driver, words are cheap ( conquer ), actions demand skill (Sales , Marketing and seamless execution).
Always IMHO.
Cheers