The part of the business they kept (telecom): was the part they used to never talk about excitedly! Ed used to talk about the defense side. Just go back to earnings cc form 2-3 years ago. The telecom biz is dying here! 6 weeks ago they said this quarter was bad with revs at $3.1 mil. Now the 4th quarter is just as bad as the third!
Shouldnt someone have asked why the growing part of the biz was sold and the crap was retained? They sold their right hand and now complain they cant work!
They said the same thing about Needham 6 mos. ago in April: We are exploring all alternatives. The dirtbags could even admit today that a public company with $12 million in revs was a joke and stoking negative returns! All I can say is WOW!