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RE: Re: <MISC> Heard on the street
I think the average duration/longevity of a CEO is something like 36 months,
depending on the specific industry mind you, even during "good" economic
times. I bet this would be even shorter if you limited the criteria to only
merged companies.
After you cut all your cost related to "office supplies", the biggest bang
for the buck in terms of trying to give shareholders/investors/analysts the
impression that the company is "making improvements" is to replace the CEO.
A whole world of options(scapegoats) exist for a company with a "new" CEO.
The real test is whether or not the "new" CEO is really "new" or not... :-)
One also needs to keep in mind that the word "new" or "change" does not
always imply "better". Most companies bank on the fact that people
subliminally replace the word "new" or "change" with the word "better" or
"improved".
Remember, when it comes to the worlds of CEOs, "It's not personal, it's just
business."
Rich
-----Original Message-----
From: [mailto:
Sent: Thursday, February 13, 2003 12:52 PM
To:
Subject: [EDI-L] Re: <MISC> Heard on the street
Julie,
if you have long-term friends at Inovis, this explains why you
experienced a great customer support.
I haven't worked with Inovis products over the last years so I'm not
able to tell anything about the quality, but if there 's a lot of
rumour everywhere about Inovis-replacements, there must be something
behind it.
Also, if everything would be good there, why would you replace your
CEO ?
And if you search on the Onovis WebPage, there aren't any
announcements about new major customers.
Right now Inovis can still live of their current base, but the future
will show how long this will be possible
Greetings
--- In "Julie Compton Pellizzi"
<jcpellizzi@a...> wrote:
> I agree with Todd. Even companies that are not in technology area
have
> been affected by the economy in the last 24 months. My company had
a
> lay-off last year in the IT area. Several recent vacancies have
been
> left open in case upper management wants more budget cuts. Isn't
every
> company "lean and mean" now?
>
> I also use the TLE. Many of the original Harbinger people are
still at
> Inovis. One of my long-time friends at Inovis said they were
working on
> the re-branding from Peregrine to Inovis. I was even told that they
> made their financial numbers for last quarter.
>
> I just recently upgraded to their latest version of software and
have
> had no problems. Customer support was great.
>
> As Inovis emerges, I am sure that the core management team will
continue
> to provide reliable products and customer service.
>
> Julie Compton Pellizzi
> AGL Resources
> EC/EDI Team Leader
> 404-584-3388 - work
> 404-584-4139 - fax
> jcpellizzi@a... - work
> juliecpellizzi@i... - 2 way pager
> 1-800-862-0399, pin 17347391 - pager
>
>
> -----Original Message-----
> From: "Todd LaBonte" <todd.labonte@e...>
> Sent: Thursday, February 13, 2003 10:26 AM
> To: dana@i...;
> Subject: Re: [EDI-L] <MISC> Heard on the street
>
> During the mid-late 90's there were many acquisitions /
consolidations
> in
> the EDI industry. Sterling, GE / GXS, Harbinger and others modified
> their
> product line with the help of acquisitions and divestitures.
Between
> 1995
> and 2000 Harbinger bought quite few EDI / eCommerce related
companies.
> They
> include: SupplyTech (Windows EDI), Extricity (Integration), Smart
> Solutions
> (ASN / Bar coding), Pemenos (AS/400) and many more.
>
> I believe that in April of 2000 Peregrine bought Harbinger. Mid last
> year
> Peregrine sold the eCommerce pieces and created Inovis. I am not
sure
> how
> the sale was timed in conjunction with the Peregrine Chapter 11.
>
> Inovis is going though reorganization. Many companies in the
technology
> (especially eCommerce) sector have gone through some type of
reshuffling
> over the past 24 months. I believe Inovis has a fine product line,
a
> talented staff and a fairly happy install base. Over time, I
believe
> they
> have a bright future. I wish them the best of luck!
>
>
> Regards,
> Todd LaBonte
> e-SupplyLink
>
> voice: 231-223-8422
> fax: 419-831-5660
> todd.labonte@e...
>
> ----- Original Message -----
> From: "Dana Baldwin - IQMS" <dana@iqin the ms.com>
> To: "'Frederic Berruti'" <fredericberruti@y...>;
> <
> Sent: Wednesday, February 12, 2003 8:43 PM
> Subject: RE: [EDI-L] <MISC> Heard on the street
>
>
> > I have a customer running their outbound EDI on Inovis software,
of
> course
> I
> > want him to implement ours. One question - I thought Harbinger
merged
> with
> > Peregrine in 2000? There's a note in this thread, and on the
Inovis
> web
> > site, that Harbinger is now one with Inovis. Did Peregrine sell
off
> > Harbinger as part of their Ch. 11 filing?
> >
> >
> >
> >
> <http://www.peregrine.com/us/News/PressReleases/2003/PR_2003-01-
21.htm>
> > http://www.peregrine.com/us/News/PressReleases/2003/PR_2003-01-
21.htm
> >
> >
> >
> > Dana Baldwin
> >
> > IQMS EDI Group
> >
> > www.iqms.com
> >
> > -----Original Message-----
> > From: Frederic Berruti [mailto:fredericberruti@y...]
> > Sent: Wednesday, February 12, 2003 5:05 PM
> > To:
> > Subject: Re: [EDI-L] <MISC> Heard on the street
> >
> >
> >
> >
> > The INOVIS saga continues folks...just got word that David
Williams,
> CEO
> has
> > been replaced...stay tuned for more exciting news..
> > Regards,
> > --Fred
> > Gina Ann <GinaAnn@C...> wrote:Has there been any news articles
> about
> the
> > work force reduction or is this
> > just hear say?
> >
> > Gina Ann Coomer
> > Smith Heating Supplies
> >
> >
> > ----- Original Message -----
> > From: "Frederic Berruti" <fredericberruti@y...>
> > To: <
> > Sent: Tuesday, February 11, 2003 2:33 PM
> > Subject: RE: [EDI-L] <MISC> Heard on the street
> >
> >
> > >
> > > I know they had about 100-160 workforce reduction last week. I
> wouldn't
> be
> > surprised if more were in the works...
> > > Regards,
> > > --Fred
> > > Dale Marthaller <dalma@o...> wrote: Well I know that I have not
> been
> > able to access their VAN via the 1-800
> > > number for 2 hours now.
> > >
> > > -----Original Message-----
> > > From: Rachel Foerster [mailto:rachelf@i...]
> > > Sent: Tuesday, February 11, 2003 1:25 PM
> > > To: EDI-L Listserv (E-mail 2)
> > > Subject: [EDI-L] <MISC> Heard on the street
> > >
> > >
> > > GlacierI'm hearing today very unofficially that "Harbinger" now
> Inovis
> > (??)
> > > is having a major workforce reduction starting today....
> > >
> > > Any confirmation?
> > >
> > > What about our friend Bill Chessman??
> > >
> > > Rachel
> > >
> > >
> > >
>
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