The way I read it (and I will be sure to read it again) is that they are exiting the whole market segment.
If you say that the indians cant be trusted? How come companies the likes of CA, Motorolla, Nokia and any number of large tech and no tech international companies are doing business there. Not only doing business but pushing to expand there market share in India as rapidly as possible.
I agree the company is in some hot water over the dealings to date in india however if other companies can make it work why cant ARR?
Surely there could be a smarter way to do business in India.
Hence my comment about not getting the clear picture from the presentation.
I think the new CEO is defnintely on the right track and I like what he has done with the meeting. As others have put it "clearing the boards".
The exposure to the high growth markets and the business focus (the sector we are potentially exiting) was the story on which I bought this stock. The same story that generated the most recent company forecasts.
I guess my post has potentially come from some emotion and potentially I need to read the presentation again and try and distance myself fromt the scenario. Put my business head back on and take another look.
Please dont get me wrong I think the new CEO is a step in the right direction. I think the review of the business was well over due. Also I think a stronger push into the consumer laser tv & projector section is great. I just need to see more before I think the exiting of a whole sector of the business is waranted or the best plan.
Apologies to all for what must seem like incessant ramblings of a stock holder that is just too close too this one..
