Intrinsyc Software International Inc ISYRF

Microsemi /Pickle/Holliday quotes from Microchip Technology

[AngloSaxonMan]

"Microsemi sold the company dishonorably to Microchip with major inventory shenanigan practices that (will) impact Microchip for the next two quarters," "While excessive shipments into distribution and contract manufacturers have been the main issue at Microsemi, we also found a culture of excessive extravagance and high spending," "The company had millions of dollars of sponsorships and several luxury suites in sports stadiums, luxury private plane travel, and generous sponsorships for many conferences, stadiums, and other venues that are a waste of shareholders' money. We are undoing commitments to all such spending." https://www.investors.com/news/technology/microchip-stock-microsemi-inventory/