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EEVblog
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re: Altium, what have you done?
EEVblog   10/23/2012 1:00:47 AM
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It was obvious you already knew ;) So Mr Muffin_Chops is either Nick himself, his lawyer, or someone very close at the company, who I likely know. In which case, *waving*

tari_joon
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re: Altium, what have you done?
tari_joon   10/23/2012 12:46:58 AM
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It's been 26 years... maybe it's time to let go of those sour grapes, eh? Honestly, it just sounds like you're trying to justify reasons why you thought you could have done better, nevermind the fact that Protel was never your baby to begin with. It was Nick's.

tari_joon
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re: Altium, what have you done?
tari_joon   10/23/2012 12:38:53 AM
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That seems odd. If you know any of the "yes-men" you mentioned, you'd know the kind of innovative, intelligent and independent men that they are. Hardly cronies who just nod along to everything Nick says.

Muffin_Chops
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re: Altium, what have you done?
Muffin_Chops   10/23/2012 12:38:04 AM
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I already knew about this ;) But thanks for the link. Maybe they should have read up about the legality of firing someone (without the entire board present..), or about publishing outright lies. You think such smart men would have actually looked at their actions before going ahead, yet here we are.

Muffin_Chops
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re: Altium, what have you done?
Muffin_Chops   10/23/2012 12:28:59 AM
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Im not sure what company you're talking about, since that certainly is not Altium.

EEVblog
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re: Altium, what have you done?
EEVblog   10/22/2012 11:49:14 PM
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Your wish may be granted: http://www.asx.com.au/asxpdf/20121023/pdf/429l0tb5qr8dj6.pdf

djam
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re: Altium, what have you done?
djam   10/22/2012 10:21:07 PM
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I’ve been connected with Altium/Protel for many years, since 1986. Over that time Altium have made some nice products and yet nearly gone broke on a couple of occasions, and for many of the other years barely broke even. At times the company had some very good people on board. Yet due to the CEO having close to ‘no people skills’ either had them fired or they just left. The company ran on fear, fear of losing your job should you speak out with views not aligned to the CEO. The CEO might of had some technical skills but he had no skills as far as running a company, let alone running a public company. Year after year, the results disappointed the shareholders and yet the CEO kept on spending every last cent of whatever his latest great idea might be. There was almost no effort made to inform the shareholders over most of the years as to forecasts, or where the company was headed or about anything. Read the ASX announcements, they amount to less than a couple of page per year. The FPGA side of the product cost hundreds of millions, with no return on the investment. The company floated at $2 in 1999 and mid last year, 12 years on hit 8 cents. Although the share price has improved in the last 12 months, this was not driven by the CEO. Altium still has many capable people, many have been there since the IPO, and still others before that. If they listen to what the customers want, and deliver a working solution, there will be a great future for the Staff, the shareholders and the customers. So finally, the staff with expertise in their own areas can do their job and get on with running the company as it should have been. He was never CEO material, and never should of held the position.

Muffin_Chops
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re: Altium, what have you done?
Muffin_Chops   10/22/2012 4:41:46 AM
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The move by the idiots on the board to illegally fire Nick Martin was no doubt the stupidest move anyone has made since the city of Troy decided to open their gates for that super awesome wooden horse. Did they think he would run back to Australia with his tail between his legs? A man who built a multimillion dollar company from scratch, who has dedicated over 20 years of his life to that company and the people in it. I'll sit here smiling whilst Nick Martin takes his case to the AGM alongside the other majority shareholders and has the entire board fired.

EEVblog
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re: Altium, what have you done?
EEVblog   10/22/2012 2:00:51 AM
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Well, you seem to know an awful lot. Care to share your real name? I will freely admit that I know jack all about finances and how the stock market and trades etc works. I'm an engineer, not a stock broker or financial wizard. All I see is that the a) the share price has gone up since they moved to China, and b) that is almost certainly not due to the actual China move in itself. As Clive made the assumption of in this article. That's what I was commenting on. And it seems you are of the same opinion? In fact, you are calling it a scam. Are you saying something illegal is going on here? Are you also saying that laying off staff had absolutely nothing to do with the recent good financial result of the company? Please explain it all for us less financially educated folk.

chensong_chaw
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re: Altium, what have you done?
chensong_chaw   10/22/2012 1:39:49 AM
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Moving to China is good. Next time when install Altium all the interface will be in Chinese.

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