"Over the past year the company delivered two earnings downgrades related to acquisition integration, timing of Enterprise Services project work, and loss of a key customers in its Small Medium Business division, combined with cost ‘blow outs’".
Read: Those running businesses figured out they could buy off the shelf IT and internet solutions a lot cheaper than what ARQ was trying to bill them for. If they couldn't be bothered doing it themselves then they could just as easily hire an IT supplier in Mumbai who would do it for a fraction of the price also.
" Karl Siegling was appointed to the Board of ARQ on 16 August 2019."
Perhaps it would be better for us shareholders if Karl would take up full time work on the board of ARQ so they can try and figure out why their company is such a dud and give someone else a go at Cadence because I'm not sure how anyone in 2019 could have thought buying a dot com leftover was a viable investment.
CDM Price at posting:
72.5¢ Sentiment: Hold Disclosure: Held
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