Wireless Matrix Corporation WSMXF

CFO

[99921]

My speculation on Weder’s departure goes like this. He and John Herring always seemed to be doing a duo routine where John would make a broad presentation with some emphasis on the technical side. Most financial questions requiring any detailed knowledge would be passed over to Mark. I haven’t listened to all of their recorded quarterly presentations on the telephone but when I did I noticed several times that Mark didn’t seem to have some pertinent facts at his fingertips - either that or he was deliberately putting the analyst off instead of providing a direct answer. I realize that might not be meaningful but it did give me a bit of a negative impression. In any case, my guess is that the main factor in Mark’s leaving is Carlson. Carlson is on the hot seat - he has to show that he is in charge and that he has plans to move this company forward and get it out of its rut. The key to doing that is the people he has working with him. He has to be fully confident in them and they have to buy into his vision and his plans. For whatever reasons, I would guess that Carlson and Weder did not mesh. If Mark is to leave it would be sensible to have it take place before the Q4 results are released. It certainly wouldn’t make sense to have Mark discussing everything with the analysts one day and then leaving the next. Only the principals know what has been going on but that is my guess. It will be extremely important for Carlson to come across next week as a man with a strong grasp of the present WRX situation and a concrete vision of its future. Putting a new CFO in place who has his confidence, and vice versa, would be part of that vision.