Pelco Is "Bringin Blue Back"
Pelco is "BRINGIN' BLUE BACK", according to Pelco's new CEO Kurt Takahashi’s presentation at the Imperial Capital Security Investor Conference.
Inside this note, we examine what Pelco's CEO said, what Pelco's strategy is and how likely they are to succeed at it.
Bring' **** ****
***** ** ********* *** ******** **** (i.e. *****'* ******) *** *** *** back ***** ***** ***/ ******* ****** ***** ***** ** the ***-*****.
******, *****'* *** *** *** *** claiming **** ** *** ******** *******. Unfortunately, *** ****** ****** *** ** misread **** ****.
*****, ***** *** ******* ********* * few ***** ****** **** ******, *.*. in**** **** ***** ******** "***** ** back."(********: ** ****'*.)
Fundamentals ****
**** *****'* *** *** ********* *** the ******** ** ******* *** ************ back *** ********* ******** *******. ** observed:
**** ** **** ** ** ***** is **** ****** * ****** **** company **** ** ************** *****
** ***** ******, **** ***** **** weird, *** ** **** ****** **** they *** ** *** ******* **
********** **** **** *********, ******** ********** away *** ** **********
**** ****** **** *** ***** ********* decisions ** ******** **** ********* ********’* cellphone *** *******.
*************, ***** ** *** **** *******, after * ***** ***** ** ********* lead ********, ********* ***** ************ ** likely ** ************* ******* *****.
Customer *******
**** *******, *****'* *** ********** ********** the ******** ** ********* ******** *******, noting **** '**** ** *** ***', the ***** ***** *** *** '**** standard ** ******** **********' *** **** the #* ***** ****** *** ** bring **** ***** ******** *******.
*** *********, ** ***** **** * financial ***********, ** ******** ******* ** the ******* ** ********** **. *****'* CEO **** **** *** *** **** support ** *****'* ******** / ***** Transom ** ************ ******** *******.
** **** ********* **** **** **** "highly ******* ** *** *** ******* from ******** ** ******** ** ****, the ****** ********* ***** ******** **********" and **** ***** *** * "******* change ** ***** ******* ** ******** experience."
** **********, *****'* *** ******** **** the ******* ** *** **** *** not ********* ** ********, *********** **** they *** ******* ** ***** "** time, **** ** *** ** *** going ** **."
Product ****
*****'* *** *** **** ********** ***** committing ** ***** ******* ************ ** developments ** *** *****-****, ****** **** they **** "********** * * **** roadmap, ********** **** **** ********** ******" and **** ******* ***** ******'* ***** ************ **** *** ****.
Reasonable - ******** ******* ****** *******
***** ******** ******* *** **** **** a ******* ** *** ******* ***** competitive ********, *** ******* ** **** improving ******** ******* *** ** **** more ******* **** ********** *** ********. That ** *** ** *** ******** service ** **** *** **** ** a ******* ***** **** ****** **** and ** ******* ** ***** *** money, ** *** ** ******** ****** than *** *****-**** ********* ** ********** new ********.
Pelco *** * ****** ******
*****'* *** ************ **** "****** ** not *** ***** ** * ****** leader, ****’* **, ************". ** *** one ****, ** ** ****** ******* the *******. ** *** ***** ****, it ** ********* *** ***** ** be ********* ***** **** *** *** versus * ****** ***.
Big ********* ******
***** *** ******* ********** *** ******, Pelco's *** ********** **** **** ***** have **** ** ***-*****, ********** ********* as *** ***** ***** *****:
** **********, ** *****, "***** ****** AT&T ****** *****", **** **** "*** a *** **** **** ****** *** fulfillment *******" *** "********** ****** ** the ****** ****".
** ***** **** *****'* ***** *** presence ** ***** ******** ****** ** advantage *** *** *******.
Reaching *** ** *********
*************, *****'* *** ******** **** **** have *** **** ****** ** ***** their *********, *******:
**** *** ***** **** ***** ** many ***** - ****** *********, **** somewhat ******
**** ****** *** ** ******** ** business **** **** **** **** ******* from *****
Acquisitions ********?
*****'* *** **** ********* **** ******* (their *****) ***** ** '****** ** acquisitions *** *** ***** ******' ********** that *** ******** ******* **** '********* are ***'. ***** ****** ** ********* provider ** *** **** *** ***** could **** ***** ********** ** ***** are *** *** **** ******** ******** to ******* *************.
Outlook - ******* ********
** ***** ****** *** ****** ** judges ***** ***** ** **-***** *** Pelco, **** ****** ** ************. *******, that ***** *** ** ********* *** reasonable ***** ***** ***** ****** ***** and **** *** **** ********* ***** are ** ******* ***** *********** ** a **** **** **** ***** *** at ***** ********* *** ******* ***** climbing **** **.
Vote / ****
* ***** **** *** ***** **** the ********* ******** ** ******* ********, but ******* * ****** ******** ** give **** * *** **************, **** will ** * **** *****.
* ******* ***** **** ** ** approach *** **** * ****** ******, which ** ********* **** ** **** than * ****** ** *** ********. Each ** ***** ****** *** * good *****, **** ** ********* ** Avigilon **** ***** ********** *********. **** of ***** ****** **** *** ***********, supported ****** ********* **** ******* *** platforms.
***** ***** ******** * ****** ******** around********* ***** *********** ** - **** are *** ********** ** * **** priced ****** **** **** ***********. ** already **** **** ******* **** ****** niche.
**** ** ***** ****** *** * good *****, **** ** ********* ** Avigilon
********* *** * **** ***** ** surveillance? **** *** ***** ******* *** same **** ** ******* ***** *** -********* ***** *** / ***** *** Security ********
**** *******, * ***’* ***** “**** 1 ** *********” ** **** ******** companies **** *********, ***** *** **** have **** ******* **** *** **** decade.
**'** ** *** **** **** *** Panasonic, ****. ******* ********** *** **** I ***** ***** *********'* ******** ******* VI ********* ***** ******** ** *** short ****. *&* ***** ** ******, but *** ******** **** ****** ** a ******** ********* *** ********... ** it *** ******* ********** ** ****.
***** *****'* **** *** ******* ** much ********* ****** *****. **** **** the *&* *********** ******* **** ***** foothold.
****: *** **** ** **** ******** Made ***** *** ****!
**** *** ** ******** **** ** Nellys ( ** ***** *** ******* OMD, *** *****) . ********** ** offshore, **** **** ***** *** “*********” here ** **** *** *********** *** that ** **** * ******** *** everyone ***** **.
* **** *** **** ***** ******** to ** **** ** *** *** in *** **** *** *****, ******, over *** **** ******, **'* **** quite ****** ** **** ******** **** US *************, *.*.***** ******** **** ****** ****, ****** Off ***.
** ****** *****'* ******,***** *** ** **** ****** ****** (IMP831-1ERS)*** *** ****** *** **** ** Taiwan, *** *** *** (*****).
** *** ********, * ***** ***** is ******* ** ** *** ******* state. *******, ****’** ** **** ***** that **** ***** **** ********** ******. I ***** ** **** *** **** it ******, **** *** ** **** again. * ***** ****** ** ** market **** ***** **** **** * am ***** ** ****** **** ***. As ** ***** ***. ***** *** nothing *** **, ** ** ***** I ****** **** ***’*. **** ** where ****** **** ******* **. * don’t **** **** ** *********** **** company. ***’** *** ** **** ** your *******.
*****'* ****** *** ***** ** ***** name *** **** **********. ** **** can ********* ****, **** **** * fighting ****** ** ******* ****** **** enough ** *** ***** *&* ** gear *** *** ***** ******* *********** folks **** ** **** ********* ***** buying.
*****'* ****** *** ***** ** ***** name *** **** **********.
***, **** *** ********* *** ***** in *** ******** **** **** **** around **** ******** *** ******* *** sale. *******, ****** ****** ******* ***** are ********* ********** ** ********* ****** to * ****:******* ***** **** * brand:feature ** *****:***** *****.
***** ***** ** ******* *** ****:******* ratio ******** ** ***** *********** ** some ****** ** *** ****** ** order ** ****** **** ********, ***. For *** ********* ********, **** ***** be **** ***** *** ***** *****, or * ******* *** ***** (**: Verkada).
*** **** **** ** ******* *** Pelco ** ** **** ****** **** stuff **** ****** *** ******* ** pay ***. ******* * ****** *&* component, ***** ** *** ****** ***** to ** **** ** **** *** company **, **** **** ******* **.
*** **** **** ** ******* *** Pelco ** ** **** ****** **** stuff **** ****** *** ******* ** pay ***. ******* * ****** *&* component, ***** ** *** ****** ***** to ** **** ** **** *** company **, **** **** ******* **.
******. ***** ** ***** **** *** them ** ***** ********** ** * new *******. *'* **** **** ********** of * ********** *** ************* ***** than ***, *******, ***** *** **** more **********. ********* ******** ******* ** the ****** ******* ***** *** *****'* new *** ** ******* ***** *** while ***** ***** ** *&*. *&* takes ****. ***** *** ****** ************* on **** **** *** ******* *** long * ****** ***** **** ********** to ******** *******. *** *********** *** advanced ******** ****** **** **** ******.
*** * ************ ****** ****** *** long ** ***** ** ******* * new ******? ** ** * ******? A **** *** * ****? *'* talking *** ******** *** ***, *** rehashing ** *** *****.
*** * ************ ****** ****** *** long ** ***** ** ******* * new ******? ** ** * ******? A **** *** * ****?
** ** ********* ** *** **** of *** ****, *** ** *** just **** "********* **** ******* *****", or "********* **** **** ****** ** intelligence ** ******** ********".
* ***-***** ** ***/** **** **** get *** ****** *** ***** ** you *** ******* *** ** * proven ********* ****** ***/** **** ********** the ********* *** ******* ******** ******** with.
** *** *** ****** ** **** the **** ****** ********* ****, ******* to * **** ** ** ******* and ****** * ***** **** ***** camera **** ******** *********, *********, **** storage, **** ***** *******, ***., **** 8 ***-***** ***** *** ** ****-********** things.
**** ***** **** ********* ******* ******** heavily ** **** ***/************ ** ****** to ****** **** ** *** ***** bits ** ******** ********* *********, ********/***** layout, ***.
***** ***! **** ** ***** ****.
**** *** ***** ** ***-***** *'* assuming ***** ** * ***** ** how **** ****** *** ************ ** assigned ** ********* *** ****. *** 8 *** ***** **** ** *** point ***** **** **** ******* ****** far *** *********** ** *********** *******?
* **** ** ********* ****** * is *****, ***. *** ****** ******* primarily ** *** **** ********/****** *** device **** *** ********, * **/** person, * ****** ** ****** ******* on *** ***-***** ******** (**: *********, dealing **** *****, *******, ***., *********), and **** * ** ******** *** maybe * ******** ****** ******* ** fine-tuning **** ** *** ***** *** component *****.
**** ** ***** ** ***** * mostly-new *****. ** ***'** **** ** less ****** **** ***** ****** *** scaling ** ** ** * ** version, * ** *.* ****** ***** be **********.
* **** *** ****'* *** **** part, *** ** *** ** *** that, ***'** **** * ****-**** ****** to ***** *** *** *************. * product ******* ** ****** ************* ****** and *******, * ******* ********* ******, a ***** ** ***** ** **** with ************** (**, **, ***.), ***** a ********* ******** ** **** *** is *** ********* ****. *** * few **** ********* * ***** ** forgetting.
**** ***** * ********** ****** ***** like * **********-******** ** ****** *** easily ****** * *******-******+ ******** ****** quickly. * ***** ********* ********* ** not ******* **** **** *** *** a $*** ****** **** ** *** all **** *************, ***** ******** **** $200 ****** **** "*******" ** *******. A $*** **** ****** ***** *** probably **** * **** ** ****** $40-$50, *** * ******* ***** ** your ****** ******* ** ****** $***-$***, giving *** ***** $*** ** ******. You **** ** **** **,*** ** them **** ** ***** ****, *** then **** *** ****** ** ***** and ********* *****, **** *** *** other ******** ** *** ********, ******** more **** **,*** ***** ** ****** "break ****".
**** ****: **** ***** **** * good ***** *** ** *******. ***** is **** **** *********** **** **** that *********** *** *** ***** *** not ******* **.
* **** *** **** ** ***** and *** *********. * ***’* **** if ****** “*** ***** ******'* ***** ************ **** ***** ** **** *** ****** for * ******/*** *******....*** ***, * could ** *****.
* **** **** **** ** ****, they **** **** **. * ***** an *********** ** *** **** ***** be **** ** * ********. *****, short ** *** *******/******* *** *** CM ****** ******* ****** ** ****** their *** ***** **** * ***** on *********/****** ****.
******* ******* * *** ****!
*****, ***** ** *** *******/******* *** and ** ****** ******* ****** ** design ***** *** ***** **** * focus ** *********/****** ****.
****'* ********* **** ********** *** ****** than ****** ****. ***** ***** **** been * ***** ******.
**** *******:
**** ****** ******** ******** *** *** ********* ** the *****. ****** ****** ** ***** a ****** ** * ****** ******* a ***** ** ********* ******** ** liquid ***** ** *** ****** *** column *** ******* *** *******. *** transformer *** *** ********* *********. ** must **** ***** **** ******** ******* the *** ** **** ** **** the ***-**** ******* ** ***** **** the ***** ****** ***** **** ****:
****, **** **** * ****** ***** fiber ******* ***** ** ******* ******** in **** *********.
***** *** ********* * ***** ****** when **** ***’* ********** *** ****** from *****. *** ****...*** ** ****.
***** *** ********* * ***** ****** when **** ***’* ********** *** ****** from *****. *** ****...*** ** ****.
*** ***** *** ****** ***** ******* from *********. ****** **** *** *********** business *** **** ***** ** *** a **** ****.
**** ** * ***** *** *** I ***** ** **** **** ***** around. *** *** ***** ** *** President ** **** ***** ******** ******* and ******* ****** * ***% ******. I **** **** ***** *** **** he **** *******.
*** ****** **'* ********** ******** ** as "*****'* ***" ******* ** ** his ****?
***, ******* **** ****** ** *** know *** *** *** ** *****, Axis, ********, *********, ***. ***. ** we **** ** ******* ** *** their ***** **** ***** ** *********, Mauritania, *********, ***. **** **** **** sense?
****, **** ***** **** *** **** would ** ********* ** ***** ****? Just ***-******* ****, **** ** ** informative *******!
**** *****. * ***** **** *********’* name ** *** ***** **** ** the ****. ******.
*** ** *** *** *** **** the ****...
* ****** *** ****** *** ********* negative? ***** ** *** ***** **** seems **** * ********** ********** ** where **** *** ** ********* *** plans ** ** ****** ******* ************** on ******* ***********. ***** **'* ********** too ***** ** **** * ***'* imagine ******* *** **** ***** ********* is * *** **** *** ****, worst ****, ** ** * ******* item. * ** *** ******** ***** falling **** *********** **** ***** **** *** ** currently ******* ******* ********* **********. **** has *** **** ************ ** ** the **** ***.