What I find shocking is that people go off on this "shocking behavior" and "incompetence". I don't know if you were one of the folks here that did this, but people here have been DEMANDING transparency for ages. Well, those folks got exactly what they asked for!

If I recall correctly, it was one year ago when I got into a giant debate with Wolf, who was demanding that PTSC share its detailed business plan with shareholders, insisting we had a right to know. The usual suspects jumped in, carrying on Wolf's argument. Meanwhile I'm arguing against, explaining that sharing such info only aids the competition.

There was a similar argument when PTSC announced that they were dumping Iameter. My argument was that rather than just dumping it (closing the doors), they should try to sell it - after all, we saw value in it - perhaps there is an interested party that would see value as well. I don't recall much, if any, support of my proposition.

Folks have demanded transparency out of the BoD, vigorously, with the mantra "we, as shareholders, have a right to KNOW". Again, they give you EXACTLY what you demand, and then get beat up for it. This is rare time when I sympathize with the BoD - they can't win any kudos from certain shareholders, even when they actually do precisely what shareholders demand.

But think it through:

Pacard, please note one thing: In contrast with the Iameter "close the doors" announcement that I had trouble with, here the BoD and Gloria have stated the intent to SELL off PDSG if things don't happen. This is not any where near as bad as you portray. It actually may be a negotiation ploy (and probably is). And, along these lines, it may be something that has already been communicated to prospective partners/buyers of all or elements of PDSG. It is saying, in essence, to Cognizant or whoever, that if you want the benefit of PDSG talent and tech, you have less than 120 days to either:

A) Pursue your low cost/low risk solution, and partner with us.

B) Pursue the higher cost/risk solution, and buy us.

C) Watch us sell the talent and tech you desire to one of your competitors.

Not a bad move on the part of PTSC, IMO. A time limit has been set. I know from experience that a known time limit can be extremely helpful in a negotiation. It also appeases shareholders who, in addition to transparency, are demanding swift action. Three months is pretty swift in the business world. So what you depict as stupid and incompetent may actually have been one of the smartest moves the BoD has ever made.

JMHOs,

SGE