Thread regarding Commscope Inc. layoffs

Something to think about…

Chuck was brought in to make money and save the stock price, he doesn’t care about saving the company. If you are the least bit concerned about your job, you might want to casually look and rekindle relationships with your network circle/recruiters. As the stock price continues to take a nose dive, only expect it to get worse if the Q3 numbers don’t meet expectations, 5G misses, and or the spin-off is behind. Remember, expectations are higher coming out of the pandemic when your competitors are ki----g it. If any combination of the above miss, expect to see the stock dip below $12 possibly $10. If this happens, plan on more cuts and or product line sale offs.

Don’t trust anyone with your thoughts and plans, and good luck to everyone. It is a better world on the outside.

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| 2481 views | | 5 replies (last October 13, 2021) | Reply
Post ID: @OP+1cWgomxl

5 replies (most recent on top)

Whoa, brutal downgrade and it looks like a self fulfilling prophecy

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Post ID: @mltr+1cWgomxl

Lol, not surprised when I just ran across this.

Credit Suisse downgrades CommScope Hldg Co from Outperform to Neutral and lowers the price target from $23 to $12

It’s gonna be interesting to see what happens during q4. You know the layoff season. Keep you resumes dusted off and updated, and in the hands of recruiters with instructions to let you know if something comes in that’s a fit. Worse that can happen, that offer you a job with better pay, better benefits, and less BS.

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Post ID: @mrqu+1cWgomxl

Didn't know about the downgrade. Thanks for that. Looked it up; "BofA has downgraded CommScope (NASDAQ:COMM) to Neutral from Buy - seeing "dismal" growth that it doesn't expect to recover anytime soon.
"Growth remains dismal, ranging from -9% to +4% in the last four quarters, and we expect it to remain depressed until at least mid-fiscal 2022," the bank says."
Dismal...that about sums it up. When is he just going to carve us up and sell us off. This is like chinese water torture.

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Post ID: @3hlv+1cWgomxl

Saw where BOA downgraded Commscope stock. Makes you wonder what is coming.

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Post ID: @2wvu+1cWgomxl

The broadband gateways (not including set top boxes) is the only thing keeping things afloat. And they are trying to sell/spin them off?? I just don't get management thinking here. There are other LOBs that are not pulling their weight, but CPE devices is not oneof them. Sales of these devices are hot in South America and Europe right now. Not to mention the XB7 in the States.

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Post ID: @sye+1cWgomxl

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