Yes, the turnaround did look very appealing to ride upwards (though why you called those who recognized that weak hands I can’t imagine.)
When I mentioned weak hands I was clearly (in my thoughts) thinking about the wallstreet “pros” who can’t seem to think more then a quarter in advance. The ones who likely bought in right after the latest call driving the price up. I was also referring to those who may have been following others insights not necessarily understanding the company. Could my word choice have been better? Yes it probably could though admittedly I have never been the greatest at conveying my thoughts in writing. That is the main reason I rarely post.
Also just to give a little background. I spent over 10 years of my life as a software developer developing similar software to that which Synchronoss enterprise is built upon and that which they are acquiring. I feel I have an advantage in this specific instance others may not. I am taking time to learn the software the best I can and imagine why they picked this specific company. I feel I am getting a good grasp on it and feel I understand why the acquisition was made. I also feel given the nature of the software and how it seems to have been built I think it can be integrated with Synchronoss with little trouble. I don’t want to go into detail right now because I don’t feel I can convey my thoughts in a way that would make any since.
Though I do have a major major reservation regarding the company. They are changing the CEO!! This scares me! It scares me a lot. The only thing that makes me feel a little better is the following from the press release…
Stephen G Waldis, Founder and current Chief Executive Officer, will remain active in the company serving as Executive Chairman of the Board, driving strategy, product innovation and oversight for the transformation
http://phx.corporate-ir.net/phoenix.zhtml?c=197199&p=iro…
I would love to hear others thoughts on what this may actually mean to the company. Is Mr. Waldis staying on as the visionary providing the direction for the company? Maybe the new CEO is coming in to fill areas where Mr. Waldis is lacking in running a business? I don’t know. I need to listen to the conference call again to see if there is any details I may have missed.