Q1 2010 is a major loss even with us cheating on royalty payments to various companies. TM and lawyers "t" have no solutions.

its more belt tightening and outsourcing as sales drop

the solution being applied is to hire more cheap labor

there are no market position solutions as profits (bottom line) and sales (top line) both fall

sales still dropping. Time to cut the losses and leave.

"Who's going to subsidize them next?

Perlegen is projected to double its demand for oligos next year. IDT's contract for supplying the oligos should yield, let's see, two times zero..."

And as a footnote, Perlegen no longer exists, so, to finish the equation: 2 x 0 = Nada

top performers make their own opportunities

companies have no loyalty to the employee
employees have no loyalty to the company

beyond what they can deliver

there are great opportunities out there

"one whistleblower is all it takes"

Or top performing sales reps leaving to spite TM and lawyer "t". we just don't care about corporate or our customers anymore.

one whistleblower is all it takes

Sales keep dropping, not a good sign

The 6 months for TM and the T lawyers is just enough time to increase profits by decreasing the spend, on salaries.

Not enough time to change fundamentals of the business.

Can you figure out what comes next?

Why should the sales rep complain?` They didn't make their number so why should they get rewarded? Management maintained margins in a tough environment w/o sales achieving their goals, so why shouldn't management be rewarded.
couldn't find their enormous a$$e$ with both hands tied behinds their backs

Haha, sales not sails

I think the phrase is, dead in the water

Keep blowing on the sales boys

so why shouldn't management be rewarded

since they were at the helm of a ship that steered to the rocks?

or perhaps they follow the same policy as our esteemed financial institutions, in rewarding the pirates after the pillage

no matter, were now picking the bones on a thinning carcass, by 2012 its dust

If there was accountability, they would already be gone

TM and lawyers "t" have 6 months to prove themselves

They arent going anywhere, that would require action that JW is incapable of performing with the information he is filter-fed from the cabal with fat paychecks and useless opinions.

It will only take one suit being prosecuted to 3 times damages to clear up the dodgy IP practices.

Most of us sales reps have one eye on a new job and the other on our declining benefits. TM and lawyers "t" have us cheating our customers while pressuting them for more business. We cheat the CDC with H1N1 royalties and GE/Life/Biosearch with label rights and royalties. Rumores are that TM and lawyers "t" have 6 months to prove themselves.

Sales didn't make the top line and wasn't rewarded.
Management made the bottom line and was rewarded.

Margins were made on cutting benefits, thats a winning formula for the future.

One time acts as the commodity market tightens. Next moves are cutting more employees.

The employee and customer churn rates are at record highs. Lose two for one is nice double dip.

An incentive, to seek other opportunities

The only incentive TM and lawyers "t" give us is..."you have a job, don't you"?

Incentivize the reps and sales will grow even in a flat market.

no sales growth, again

Sales reps will be replaced without commissions

None of the reps speak Mandarin or Cantonese, let them mutiny

management's selfless commitment to themselves is inspiring

Why should the sales rep complain?` They didn't make their number so why should they get rewarded? Management maintained margins in a tough environment w/o sales achieving their goals, so why shouldn't management be rewarded.

Surprised at management? Not here.

Just like leaving coyotes in charge of looking after the flock, and being surprised when there are fewer sheep when you return.

They spout the 'were all in this together' BS and stuff their banks accounts with our retirement benefits and pay adjustments.

Its time to union up.

Just in...sales reps are ready for mutiny. Rumors are that TM and lawyers "t" made off with BIG year end bonuses while cutting employees benefits.

Here is hoping that TM and lawyers "t" get some Iowa justice, just like the traveling salesman stealing life from the farmers daughter in corn fields of Iowa.

Is she scheduled to get here soon?

Would they be commodity enchantments for the parkinglot, or is there IP in any magic?

IDT will hire Hermione Granger to enchant the parking lots free from snow.

" A commodity is some good for which there is demand, but which is suppli without qualitative differentiation across a market. It is fungible, i.e. the sam no matter who produces it."

Thanks for the clarification, wikidiot.

Oligos as a commodity are a myth

Value differentiation on a commodity is a myth. Your IP value is what? Your oligo is chemically different because you put proprietary groups on it? No, its chemically equal. Its then a commodity. All oligo suppliers provide a commodity, competition is on the price versus purity or yield axes.

IDT's future is a myth.

Unemployment makes the downsizing easier.

a certain fast food franchise company is going to be paying them royalties or else!

IDT will franchise their system to distribute manufacturing to a global organization of turnkey fast oligo synthesis kitchens under the trade name Distributed DNA Technologies (DDT). Franchisees can purchase raw materials from a central hub and send waste materials down the local drains at the low oversight spoke points. There will be an optional 24 hour drive-through available to franchises in more demanding high traffic locations like India and China. IDT will grow by spreading DDT worldwide!

Specify 1 nanomole of a 99.8% pure T7 primer or any sequence and every supplier will deliver that for a price. No chemical difference. Interchangable. A commodity.

Commodities have standards, even if the oligo futures market is too small to work.

"iDT is settling its lawsuit against Apple for the trademark "i" infringement of the iPod, iPhone and iPad. Apple will provide $2M annual as a licensing fee, and in return iDT will allow Apple to name anything it wants with a vowel."

No! No! No! As usual these rumors are totally off the mark. Another example of only 0.001% of anything you read here having any truth beyond people’s fantasies and wishful thinking. The REAL story is that IDT does not have time to take Apple to court yet, since they have the IP on the word “mac” and a certain fast food franchise company is going to be paying them royalties or else! Of course, just like IDT, 100% of Macdonald's products will have to be ESI QC checked if they wish to continue selling under the IDT name, unlike the 30% or so spot checks that Burger King and friends proudly advertise. No more Junk Fries for me! You want some oligos with that? We now proudly return to the other 99.999%.

Biotech commodity market, Chicago's Board of Trade?

Corn, soy, livestock, pork bellies?

GMO crops, growth hormones, antibiotics?

Don't live in Iowa do you?

The operation moves to Shanghai or Bangalore.

"There are a growing not decreasing number of synthesis and service providers."

really??? who are they for oligos??

"A commodity is some good for which there is demand, but which is supplied without qualitative differentiation across a market. It is fungible, i.e. the same no matter who produces it."

Is there a commodity in the biotech industy? Who provides it? Where is it traded?

Commodity is term used routinely without a clear understanding of the definition. Oligos as a commodity are a myth \\ 5-10 cents an oligo = crap in a tube (or plate)

Im drunk @ work now

A commodity supplier without useful IP, the production moves to China or its bought by a Fisher, VWR, LIFE, IVGN, Sigma (if they drop Genosys).

There are a growing not decreasing number of synthesis and service providers.

why leave, I can be drunk at work and no one cares

gotta luv the night shift, more $, less BS, gimme some more OT

Just go to another supplier. Plenty of choices out there.

happy workers make happy oligos for double happy chow fun time

BS was fired more than a year ago, MB is now CSO.

I've heard that BS was laid off in Europe, wasn't he involved in the failed RNATech company that IDT purchased prior to their European operation?

Another round of layoffs Q2 if sales don't pick up. TM and lawyers "t" are beyond the limits of all their licenses. All signs of the final days are in play.

why leave, I can be drunk at work and no one cares