I have wathced this fiasco for a while. The Tyco announcement is not that good. Many of the current distributors have been complaining for a while that Tyco products are low margin and not very popular products. My real concern is that Ted mentioned he lost Crestron. That is a huge blow that has not been realised yet. Big sales revenue loss with solid margins has now gone and been replaced with nothing! This is the real concern. I have money in a number of technology companies but I made a mistake sticking by Hills and Teds continual non-factual statements. I now know he truly does not understand the industry he is in.
HIL Price at posting:
88.0¢ Sentiment: Sell Disclosure: Held