CEO Gopi Joins Ultratech BOD

[christopher]

CEO Gopi's name is brought up in the letter to shareholders(approximately 1/2 into the letter)

"Mr. Gopi, (who will join the Board after the annual meeting) is just one person- with no outside public Board experience- and may not be able to affect change by himself, given the entrenched interests of the incumbent directors and executives who recruited him. Moreover, we note that Mr. Gopi's performance record is not impressive: he has not delivered a single profitable year since becoming CEO of Applied Micro Circuits in 2009. During his tenure, sales have declined by 30% and Applied Micro's stock is essentially flat.  By comparison, over that same period, the small-cap semiconductor sector has more than tripled."

www.prnewswire.com/news-releases/neuberger-berman-sends-letter-to-ultratech-stockholders-outlining-urgent-need-for-change-300291136.html

My take:

CEO Gopi had better spend ALL of his free time figuring a way to bring the share holder value to AMCC investors that we are entitled to. Until now, he has not done very well at all!!!

[Admin]

Jack welch was famous for saying, if you're not number one or two in the market, then you must fix it, sell it, or close it.

I will be looking at the guidance at this earnings call for next quarter. It needs to be $44M minimum.