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AXIA NETMEDIA J T.AXX

"Axia Netmedia Corp owns, operates and sells services over fibre optic communications networks. Its reportable segments are The Covage segment and The North American segment."


TSX:AXX - Post by User

Bullboard Posts
Post by 499ccson Dec 17, 2003 1:16pm
400 Views
Post# 6792657

Tick, tick, tick

Tick, tick, tickIn any other poorly performing public company where the CEO is a minority shareholder and the President is just an employee, the BOD would be asking for resignations. No one but Art Price and Murray Wallace are responsible for quarter after quarter of missed targets, bungled contracts and the organizational and operational ineffiencies that plaque Axia. It's not Bell's fault, it's not the economy's fault, it's not the downturn in the tech sector's fault. Nor is Axia's dire situation the fault of the dozen or more senior VPs and owners of businesses that Axia acquired over the years who were run off after trying in vain to educate Art and Murray on the realities of building and running a technology business. Even in the unlikely sceanrio where the board asked Art to step down or fired Murray, it may be too late for Axia. The money's all gone, the talent has moved on to other opportunities and the creditors are circling.
Bullboard Posts