Does anyone know who is buying Technology?
6 replies (most recent on top)
so much of the technology is old and useless. only a sprinkle of good products left and most of those are only useful to china. selling tech really means selling ethylene tech and heaters. but ethylene is competitive mkt. why buy expensive slice now when you can buy whole pie cheap when CBI files for bankruptcy.
options mkt pricing in huge move and the betting man knows that move isn't up. earnings prolly gonna be dismal. Street thinks Q3 earnings between $.12 and $.64 per share w/ consensus at $.50. 50 cents - hahahahah! Oh, and the EVP of tech just sold 7500 more shares - after he changed his 10b5-1 in august! (public document - google it!) - read the tea leaves folks!
I'd like to know too. Probably to be announced with earnings. Along with more layoffs. You will hardly be able to see the blood with all the red ink splattered everywhere.
CB&I is not an EPC company anyway. They are a PC (Procurement and Construction) company that the managers and executives lets project management and purchasing run over good engineering practice to save a nickel. In other words you are spending dollars trying to save a nickel. That is real smart of you CB&I and it shows.
CB&I does not know what they are doing. They cannot schedule or execute a successful project. They have turned their engineers into clerks with CMS. Pull your head out of your!
There is a market for tech. We bought the business. Someone will buy it from us. That's not the problem. Our competitors do have their own competing technologies. What the hell are we going to be without our own. Not an epc company
The technology, doesn’t every other energy company have the same thing? Just a little bit different? Like changing the a pharm drug to extended release just to get another 17 years on a patent?
Old technology might not be a market for it anymore. That is what happens when you do not respect and support engineering. The executives have s---ed the company dry. Every dog has its day!