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View | Terminations | Term | Setbacks | Story |
We moved to do this immediately once the proper revenue streams could be secured. We have strong revenue streams for our embedded and mobile browsers. We will also create revenues from search, like other commercial browsers.
- Thomas Ford
We view the terminations of CBI's CEO and COO as near-term setbacks, but do not believe that CBI's story is broken on a longer term and more fundamental level. CBI's fundamentals remain very strong, in terms of cash balance, ability to generate positive free cash flow, backlog, and pipeline of prospective awards, which we believe will weather and outlast any near-term setbacks that investors are likely to attach to the managerial changes. We firmly believe that CBI will regain lost ground on the back of its strong fundamentals, as has been in the case in the past.
- Thomas Ford