It also seems on face value that Poet cries wolf alot with the various pivots that up to this point have yet to show any progress that counts to shareholders and that is shareprice appreciation.Advances in the tech we all think is happening doesn't get your position out of the red ,sales do and the company is lacking in that area.
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How is pivoting to recalibrate your business an act of crying "wolf"? Isn't that the whole point of staying in business in a rapidly shifting technology landscape, where new standards are in play and you are a startup with a technological approach to manufacturing that may get to delineate those industry standards if you are nimble enough to jump into the correct railcar at the correct moment as that train speeds by?
No, the "crying wolf" metaphor is not analogous here. The only thing that can be said in this regard is that Peter Copetti engaged in a count-your-chickens-before-they-hatch kind of irrational exuberance concerning GaAs. That was unprofessional, but he also wasn't an engineer. Ironically enough, he initiated the chain of actions that led to Suresh joining POET and that ultimately gave us someone who could appraise the market correctly and adjust to the need being expressed by that market.
The only wolf in this picture (which, IMO we will come to know in retrospect) is the one that Suresh has stealthily tiptoed around and kept from eating us. The one who ironically could become our own dinner.