STC - CEO talkHad a 1 on 1 with new CEO of STC yesterday. Very engaging person which I think the street will like (if he delivers.) Said STC has a great set of assets and he just needed to finish up the integration job that previous management had not completed. The integration is largely done now with big cost savings and new sales strategy. STC is generating lots of cash now and maintains a strong market position in the small and mid-bus market space where they have a competitive advantage given their broad product line. Said STC is an IT company beyond communications only (we are not like RingCentral or 8X8). Given the new cash flow and low debt load, investment in growth will occur beginning in F2025 (July 1) and he alert the market to capital allocation plan in the near term which may include the acquisition of new assets that he feels will come available as the “one-trick” ponies falter.