coming B4 year end.
“The Chinese will just buy a PGM, clone it, and sell for $50 anyway.”
I'm a Chinese employee. I'm curious about what's your real thoughts behind your such words.
The 10X every six months or pirates? The funny part is that the pirates are local and taking down LT.
You have a very weird sense of humor.
The competitors won't improve 10X every six months like the PGM will. The PGM will just keep getting better and cheaper. Life Tech will need to acquire a compute/storage company to make $$ on all of the PGM data being pumped out for pennies. That will save the company.
or JR can give rides on his Super Yacht... maybe race the Pfizer helicopter. LT can have a new reality show, clueless biotech execs on a Super Yacht, floating around in the ocean fighting Somali pirates.
The Chinese will just buy a PGM, clone it, and sell for $50 anyway.
LIFE has its hope on the PGM right now.(There is no other instrument on the pipaline).
However, with the expected government cuts and 2 strong competitors coming out it will be VERY hard for LIFE to have the return it expects. I foresee a dark future for this company.
Start selling short if this is true. It will be the end of this company.
More bad news coming from LIFE. As reported here, Q3 sales are slow with no rebound in sight. Expect stock to fall to 35 or below come October.
PD is vacuous, insubstantial hologram, someone to cheerlead in front of management and parrot their lunatic rantings back to the world. He knows little and contributes nothing. EXACTLY the sort of person who would be a division president in an outfit like LT despite having been shown to be worthless everywhere else he's been.
PD isn't really ABI culture, he came in very late. I am pretty sure he was there for Ambion which in my view was a great integration. The markets are pounding at Life Tech this week, kind of ironic that I feel LT sucks on the inside from bad management, now the stock markets thinks the fundamentals are bad... that's a double wammo. Greg L should just pack and leave. The story in America is that CEOs never seem to make another career move, most of them are terrible and managing change and so they embark in a last hour self enrichment. J Rothberg should be ashamed at his boat, gas guzzling cancer emitting fume horror on water. Seriously, it's like Jersey Shore for biotech nerds, no taste, no culture. Says a lot about the guy.
They are already over financed, they should realise organic growth or been blown up into pieces ready for sale. You cannot increase goodwill forever. But certainly the value of the share is far lower than on the stock exchange (less than 2 % profit on value)
PD is a total idiot - typical smug ABI guy...
Should invest in growing part of biz such as cell systems. PD seems to have his sh!t together
But will the banks continue to finance the take-over policy. That may kill them
Does this mean Life Tech may not be able to buy Pac Bio or Complete Genomics now? Diggity dang...
"Be happy you have a job.." Seriously, unless you are truly desparate, LIFE is the employer of last resort. Not including executives, those who chose to leave (with or without a future job) are generally much happier than those who stay. The beatings will continue until morale improves.
Face it, other companies don't sink millions in glossy HR bullshit to hide reality. This is another clear example of waste and hypocrisy.
Are you people expecting cake and cookies everyday from your company? Look at the market. Be happy you have a job. I chat with my friends at the other major companies and it's not all roses.
Stop pointing the finger at LIFE and look at the global economy. No one is sitting pretty.
GL is more concerned with the shareholders. It happens at publicly traded companies.
"you can look at pgm inside and out, if you treat your staff like crap, you are not gonna succeed. Let alone if your history of execution is poor at best"
And these are the two things that the modern regime really excell at, treating staff like crap and poor integrations
you can look at pgm inside and out, if you treat your staff like crap, you are not gonna succeed. Let alone if your history of execution is poor at best.
ILMN is down a larger percentage than Life regardless of 2yr low. PacBio is down even further.
Yes, LIFE is doing great relative to ILMN. Down 33% off 52 week high, vs. 35%. Something to be real proud of, given the match-up of a huge percentage of LIFE's business with Sigma and Thermo (each off about 25%). All those others are actually up year on year, like the DOW and the Nasdaq. LIFE is down. PacBio is a one-trick pony, with maybe 2 legs. I wouldn't put money on a company that has to pull comparisons with PacBio out of the hat.
"You people posting the stock price realize that 90% of tech stocks are at their lows right now.
LIFE, >2 year low today.
You people posting the stock price realize that 90% of tech stocks are at their lows right now.
LIFE, >2 year low today.
Yes, but none of the other tech stocks have quite the same record of bungled acquisitions, failed integrations and incompetent management as LIFE.
You people posting the stock price realize that 90% of tech stocks are at their lows right now. Do you pay attention to the news at all?
Layoffs already started. GL has to show Wall Street that steps are being taken to reduce cost prior to Q3 earnings. Given the economic condition we are in, I believe revenue won't grow, thus to make the earnings promised to investors, cost must be brought in line now. Of course, the 30 or so of the 5500 revenues will be added to Q3.
From Q3, Europr and US will start a new round of layoff . Ion's perspective is not clear, China is suffering by a new unexperienced leadership.The stock will be less than $32 a share after Q3.
38.81 -3.10 (-7.40%) Aug 8 3:01pm ET
Avg Vol: 2,803,000
Mkt Cap: 6.92B
I left LT after several years on the "business" side to pursue other opportunities. I have a background as a scientist as well as an MBA from a top 25 program, and have worked at several Fortune 500s. No sour grapes, but I could never recommend LT as a place to work unless a person is truly desperate and must find a way to support their family.
The workplace is toxic, with a culture of constant re-org, clueless middle mgmt, and no long term strategy (that is based in reality). Everyone is constantly pushed until they are burned out, and given another task with no strategy behind it as a reward.
The products are largely over-priced and often pushed onto customers before they are ready. QC is a sad joke, as is manufacturing "processes".
If you haven't worked at LT, don't do it unless you routinely like to try things like meth and herpes. If you are still there, ask yourself why. The world is a big place and life is short, there is no reason to go through it miserable and sick from stress from a company that doesn't value you and is on the road to financial implosion.
JR's strategy for IT. And it is becoming reality, watch out Illumina!!
"Low-end disruption" occurs when the rate at which products improve exceeds the rate at which customers can adopt the new performance. Therefore, at some point the performance of the product overshoots the needs of certain customer segments. At this point, a disruptive technology may enter the market and provide a product which has lower performance than the incumbent but which exceeds the requirements of certain segments, thereby gaining a foothold in the market.
In low-end disruption, the disruptor is focused initially on serving the least profitable customer, who is happy with a good enough product. This type of customer is not willing to pay premium for enhancements in product functionality. Once the disruptor has gained foot hold in this customer segment, it seeks to improve its profit margin. To get higher profit margins, the disruptor needs to enter the segment where the customer is willing to pay a little more for higher quality. To ensure this quality in its product, the disruptor needs to innovate. The incumbent will not do much to retain its share in a not so profitable segment, and will move up-market and focus on its more attractive customers. After a number of such encounters, the incumbent is squeezed into smaller markets than it was previously serving. And then finally the disruptive technology meets the demands of the most profitable segment and drives the established company out of the market.
How can I afford to fill the tank in my super yacht!?!
$40/share, man, scary.
Don't worry. In a few months, after the Q3 numbers are in, you'll be wishing for $40 a share.
Indeed. And its going to get worse now.
Just sit and watch.
$700M to buy IT, then $M to do R&D, training, develop manufacturing, support staff, marketing, etc. This is closer to $1B. Chump change? I guess if you all drive around in your super yachts. For a $50K machine I can afford to buy but never run, you are betting the farm on a long shot. Most labs don't know how to prep a library or analyze next-gen data, does GL really think the PGM will be in every lab like a t-cycler?
Hey idiot, if a human genome cost 75$ to sequence on a PGM, explain to me how it can take off ? People think there is immediate clinical value and dummy data mining for any snps, cell types, tumors and so on. This shit is still a needle in a hay stack, and when you find it, come and give me the reason why a PGM run would be any better than putting any American kid on a diet and exercise regimen. Most American kids have titties now, how sick is that ? Of course not everyone like GL can pimp up to look like a mini Greek wrestler.
You think ABI merger/buyout was the smartest thing INGN could do? Its paying off for the company and enabling them to take more risks towards disruptive technologies like Ion. A lot is riding on IT success, but even if it fails or does not perform as expected, LIFE is still in strong position with its diversified portfolio. What do you guys think? 375mil will be chump change if Ion Torrent takes off.
GL never think of making business steady and persistant. He always dreams of expanding rapidly by acquisition, but he lacks of experience of intergration. In fact, intergration never becomes his focus.
Acquisition and Integration are his areas of expertise. He's been focussing on little else for 8 years. He's just not very good at his job.
"Another round of layoff. How the f**k can you run a business like this!"
You can't, you just hold your personal equity for as long as possible.
When you "earn" a Million a week when it starts to go crappy, you have 18 months to save (thus never need to work again) employees , just get shafted- No-one in management has any concern. Look at the HR minions, all they want is acne cream. They all need to rot!
That's how we get here now. Layoffs more layoffs. Buy High sell Low. Integration? not! Look at BREL acquisition. CEO is managing wall street not company.
Another round of layoff. How the f**k can you run a business like this!
GL never think of making business steady and persistant. He always dreams of expanding rapidly by acquisition, but he lacks of experience of intergration. In fact, intergration never becomes his focus. Now the whole company sucks. In Q3 LT has to begin a new layoff, but it's useless. This company is decling... Sucks to you, GL and your kiss-ass! $41.91 now, thanks to your naive leadership!
If so much of LT value is on the success of IT, just wait until the MiSeq comes out. Even if they can't ship them all, people will immediately see a much better instrument is available. IT needs to push back and put the talk into action. Where is the one-touch at now? Still a CAD drawing?
Q3 is worse than Q2, still miss AOT...
If he/she is a Chinese, so what, r they lesser than u? Is the comment not true? Perception!
With a negative shareholder value they are by far not low enough. Let's see when the bubble explodes, probably when the banks realise the junk status of their loans to LT
Like I said , who cares! Economic collapse is imminent.
Closed at $42.28. Any lower than this and it will be a 2 year low.
The stock is down another 2% hitting a new 52 week low. Rocky times are ahead.
Anyone interested in selling his company to LT. They always pay to much, at least three times real value
$1B to get IT going is craziness. Q3 will be quite informative.
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