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TS03 Inc Trust Units TSTIF



GREY:TSTIF - Post by User

Post by echo2on Jan 19, 2016 11:58pm
147 Views
Post# 24475207

Maybe all has not been well at ASP for quite a while...

Maybe all has not been well at ASP for quite a while...Trying to tease out of JnJ's annual earnings the amount attributable to ASP division, I found this interesting quote by an anonymous employee on a JnJ site (from Dec 2014).  (btw, Evotech is the JnJ high level disinfection system that is presently being downsized or eliminated). Perhaps, JnJ just couldn't find a buyer for the division, and they are about to divest their interest, i.e., shut 'er down?

"Last Friday December 5th our VP of Sales (EC) had a conference call to provide an update on what’s happening at ASP. After the recent layoff, parts supply issues, system failure issues and overall morale in the tank he tried to assure everyone that all is ok….He didn’t do so well. As he beat around the bush about the next layoff round not happening and the pending sale of the company he left everyone in even a worse place that before. Everyone knows we are having issues with the Evotech, yet he preached bout the FDA approving it again! Again, really who is this guy, Obama? Say it over and over and it will be. We all know we have issues with parts quality and supply. Customers are down with products we can’t fix. The next lawsuit is just around the corner or the FDA to dig into the service business about part quality. And the pipeline discussion, really a new plastic cart. This leadership continues to leave our sales team in the dark but expects us to sell dreams!!"

Wow. Just FYI. :)
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