GREY:SCSZF - Post by User
Comment by
idleSpeculatoron Jan 06, 2005 4:55pm
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Post# 8397010
RE: Matel
RE: Matel" A good example is the Tech7 acquisition which RR stickhandled, and was not neccessarily spearheaded or even condoned by the inner management."
To be fair, management went along with this, it was major shareholders kicked up a fuss and almost stopped it as they didn't beleive Ricks predictions of converting 40 Speedres cleints to TT/SB withing 4 months of purchase. As a minor shareholder I let a lot of people know about my concerns on this front
To date the only speedres client that has / is converting to TT/SB is total vacations.
You are right that the Tech7 deal has helped keep SCS afloat, but not for the reasons we initally bought it for (turnover and potential clients) but becuase we have managed to cut costs by moving removing duplication and moving some jobs / roles to Vancouver, the place you are so keen to shutdown?
Hey the way I look at Tech7, everyone got it wrong and it is only good fortune it worked out well for us.