Arecont CEO And President Resign

By: John Honovich, Published on Apr 18, 2018

This is good news for Arecont.

Arecont's problems have been well known for years (e.g., most recently Worst Camera Manufacturers 2018 and starting with Worst IP Camera Manufacturers 2011). Many have wondered why can Arecont not fix this? Now they have fixed a core problem.

Co-founders Michael Kaplinksy and Vladmir Berezin have resigned, respectively from being CEO and President, clearing the way for Arecont to improve and resolve problems. The challenge will be whether they have enough time and resources left to undo the damage done.

In this note, we examine the resignations and the outlook for the company.

**** ** **** **** for *******.

*******'* ******** **** **** well ***** *** ***** (e.g., **** ******** ***** ****** ************* **** *** ******** ********* ** ****** ************* 2011). **** **** ******** why can ******* *** *** this? *** **** **** fixed * **** *******.

**-******** ******* ********* *** ******* Berezin **** ********, ************ from ***** *** *** President, ******** *** *** for ******* ** ******* and ******* ********. *** challenge **** ** ******* they **** ****** **** and ********* **** ** undo *** ****** ****.

** **** ****, ** examine *** ************ *** the ******* *** *** company.

[***************]

Good ** *** **-********

*** ******** ************ ** the **-******** *** ***********. As PhDs, **** *****-***** ********* in ******* *******, *** co-founders ********* **** ** deliver *****-**-****** ********* ******* with *.*** (*** **** ******* ** this **** ** ***** ago). ********, **** **** able ** ******* **** at * ***** ***** cost **** ***** (***-*******) rivals ** *** **** - **** ***. *** combination ***** *******'* **** initial ****** *** *** something **** ******* ***** not **** ************ ******* the **-********. ***** **** indispensable *** *******'* *****.

Bad ** *** **-********

*** ********** *** **** was *** **-*** ******* Kaplinsky, ** ** ** still ******** ******* ** ********, *** '*****' ** Arecont:

 

** ** *** ** much *** ***** ***** days, ***** ** **** examine *****.

*** *******, ** ********* by **** ******* ********* and ******** **** *** years *** *****, *********, and ************* ** *** the ******* ******** ** the *******. ** ******* accounts, ******* *** ****** profitable *** ******* **** for **** *****, ** the ********** ****** **** **** *** as ****** ****** *** liking **** ** *** mattering ***** *** **** things **** ***** ***********.

Schafer **** ***

******* ***** ******* *** Arecont ****** ******** *******, *** ****** EVP ****** **** ****. *******, ** ****** of '*******' ** **** as *****, ****** ** deal **** *** ***** problems *** ******* *****, compounding **** **** *** own *********.

Industry ******** **

** *** ********, *** industry ****** ** ** many ******* ***** ***********. With *** **** ** Ambarella *** *********, ***** for ** ******* ****** better *** **** *********. With *** **** ** Chinese *************, ******* ** cameras **** ****. **** the **** ** ****** everyone ******** *****-*******, *******'* lead ** **** ******** ********.

Holding ** ********* ******* *** *** ****

***********, ********* *** ******* have ******** '****' **** the '********* *******' ** Arecont's ******* ********** **** notes:

*** *** *** ***** executives ** *** '******* company' ***** *** ****** in**** **** ******* **** on $** ******* ** debt. ******* ** *** size ** *** **** raise, *** **** ******* has * *********** ****** on *******. ** ** unknown ** ** *** much *** ** **** form *** **** ** executing **** ***** *** our **** ********** ** that *** **** *** some ****, **** ** indirectly, ** ********* ***** executive *******.

Calderon *******

 

**** ********, ****** ******** ** *** and **, **** *******'* ****** last ****, ******* ***, to *** **** ** our *********, ** *********** operating ** *** ** the *******.

******** ** ********* *** liked ** ******* ****** we **** ****** ** since *** ********* *** viewed ** **** **** Arecont *** *** ******. And **** *** ************ of *** **-********, ** gives ******** *** *********** to **** *** * true ***** ***** *** ** opportunity ** ******** **-***** the *******.

Challenges ******

***** ** *********** **** to ** **** *** there ** *** ***** of **** *** ************ and **** **** ** be ****, *** ***** which ** ** *** know *** *********** **.******* ***** ** **** itself **** ****, *** **** ****** of ******** ******** **** the *****, **** *** not ** *******. **** Calderon *** *** ********* ******* management **** *** ** now ******* ** ** seen, *******, ***** **** of *** ******** ** first ******* *** *** Kaplinsky *** ****** ***** in *** ***** *********.

Comments (17)

*** ** ** ***********, but *** ** *** think **** ***** ************ are ******** **** **** just ******* ** ******?

**** **** ******** ******* the *** ** *** operations, *** **** *** stopped?

********, ** ****’* *** case, ***** *********’* ********** ********** be *********** ** ** is ***** * ****** equity ******?

* ***** **'* **** than ******* ***** ** ******* close ** *** *******. My ************* ** **** they **** *** ******* running **********. ** *** 'acceleration', *********'* ****** ** likely ****** ** ** the **** *** *** bank's *********.

******** ** ***** *** VMS (*******) *** *******?  

*** *** ** ** OEM *********** **** *******.

*** ******* *** *** Cameras **** **** *** of *** **** ******* OEM *****.

*******, *** ******* **** does *** ****** ** have **** *******-******** ********** or ********* ** **, which ** ******** * good *****.

** **** ********* * post ************ ***** **** **** have ******* ** ****. We ** **** ** test **** *** ******* (which ******* **** **** their ********) *** *** OpenEye / ******* *** in *** **** *** months.

***** ******* **** **** their ********

* ***** ** **** interested ** *** ******* behind **** *********. *** Arecont ******* ** ******* and **** **** ******** veterans ** *** *********** side **** **** ******** experience ******* *********, ****** camera ********? **, *** their ****** **** ****, who **** **** ********** cameras **** "** ***** OS" *** *** **** decade+ ******** **** * crack ** ******* *** their ***** *** ** linux-based ******** *** ********* hardware? ****, ** ***** unlikely **** ******* ***** new ******** **** *** ground **, *** ****** considered *** *** ***** of *** ******* *** the ****** ** **** to *** ********.

** "**** ***** ********" I ******* **** **** "made **** ***** ************** and ******* ** **** provided ** *** ******* OEM".

** **-******** ** *******, * can *** ** *** a *** ******* ** work **. ** *** innovations. * ***** ******* and **** ** ** a ****(*** *********** ****:-) ) ******. *************, ******* *** *** have ****** ********* ******. 

**** **** ****!

****: **** ** * moderately ******** *****, *** sourced -

*** *******, ***** *** significant **** ********, **** significant ******* **** *** operating ******* *** *** dictate *** **** ** (i.e. *** ******** *********). *******, the ******** *** *** holding *******, *** *** ******** their ********* ***** **** though **** *** ** 'resigned' **** *** ********* company.

******** ********** ****:

  • *** **** *** **** to ******* *** ********* company (******* ** *** ******), *** *** ******* company.
  • *** ******* ******* *** created ***** ****, * month ****** *** *** filing ********* *** $** million ****.
  • *** ******** ***** **** themselves ** ********** ** the ******* *******.
  • ******* ********* *** ***** created ** ******* ****** from ********* ******* ****** (e.g.,*).

****** **** ******** *************** or ******** ** *****?

**** ** **** * trip **** ****** **** for ** **** ******** else.  * ******** ** days ** ** ******** when *******, ****, *** Steven ******* **** ** and ******* ******* ******* for ** ** *** (which ** ******** *** do ******* ***** ****-**).

* ******** ********* ** Michael's ********** *********** ** megapixel ****** ******* ***** having ********* ** *** 2nd ***** ** *** Arecont ***** ** **** in ****.

****** * ***** ******* Michael *** *** ***** guy ** **** ******* to *** **** *****, as ******* *** *** borne *** ** ** true, * ****** ***** him, *** ********* *** admired **** *** ********** and *** ******.

* **** **** *** the ******* **** *** best ** **** ** they ***** **** ******* and **** *******.

...** **** ***** **** chapter...

***** ***, * ** 13?

;)

*** *** **** *** a ***** ******* ** one **** - * don't ***** **** ** a **** ****.

* **** ** ******** into *** ******** *********, operations ** ******** ** Arecont.  **** **** ****, if ***** ******* ******** are **** *** ***** as *** ** ** sounds **** ** **** forums/comments **** **** ******** is *** ***** ****** ** right *** ****.  **'* an ***********, ****** ********!  If ** ***** *** the ***** *** *** authority, **** * **** no ***** ******* **** be ********** *** **** positioned for ***** **** ***** of ****** ****** ** months.

* **** **** *** Arecont **** ** * diversity ** *******, ******, geographically ******* ************* ** good *** *** ******** and ********* **********.

******** ** **** *** over *** ********* ******* years ** ********* ******* cameras. *********** *** ** the *** ** *** problem ***** ******* *** because **** **** *** only ***** **** ****** on *** ****** ** the **** ** ********* with ****. 

******* ***** **** ***** we ******* ******** **** Arecont ***** ***** **** around *** ******* * reliable ******* ******. ****** the **** ****** ****** we **** **** ******** all ** *** ******* cameras **** **** **** or ****'*. 

*** ** *** ***** would ****** **** ****** an ******* ****** **** there *** ** **** other ***** ****** ******* out ***** **** **** proven ***********??? 

** * *** ** Arecont *** ** *** cutting **** *** * trail ****** *** **  is ************* *** ********** today. ***** ********** ** about ** **** ** Hikvision *** **** ********** go ***** ***** **** sorely ******* *** ******** their ********* **** ****.  

***** ********** ** ***** as **** ** *********

*** ** ***** '***** *******'** ***, ***....

***** **** **** **** reputational **********, *** ****** *** much *********. ********* *** not *** *********** ******* quality ** ******** ******* issues. ********* ****** **** of ***** ********* **** well ********* *********** *********** *** social ******.

*********'* ************ ****** ** **** industry **** **** ***** scorched ***** ******* / marketing *******, ***** ******* government *********, ************* ******, etc.

****, * ***** *** make * **** ***** that ** ** * different "****" ** *** reputation **** *********'*. *'* sure *********** * ***** that ******* *** * bad ********** ** *** as *********'* *** *** not **** *** **** "kind" ** *** **********.

**** **** ***** ****, I *** ********** ****** wishing****** *** ********* **** and ** *** **** anyone ** ****** ** economic *** ***** ****-****** hardship ****** ***** **** over ********* ************ ***** ******* ***, but * *** ********** the *********** ** ***** burned ** ******* *** using ******* ********.

*********** *: *** ** the ***** ***** ****** risk ****** ** ******* camera **** ***** *** so **** ***** ***** lenses ******* *** ***** that **** ****** ***********???

* ***** **** **** it ** * ********. You ***'* *** ******* from ********, **** *** that ****** *** ** is. *** *** **** from *******, *** ******* has *********** *** * ********* ******* *** ********* for *****.

* *** ********** *** frustration ** ***** ****** by ******* *** ***** Arecont ********.

#*, ** *** *. Arecont / ******** *** to **** **** **** head-on.

** ** *******, * talked ** ** ********** at *** **** **** week *** *** ****** problems. *********, **** ********** spoked ** ******* ** Arecont's *****, ********** ****'* coverage ** *******. *** integrator **** ** **** staff ****** ******* ** criticize **** *** **** excuses. **** ** * common ******* *******.

** *****, ** * was ** ******* ******** with **** ******** *** Arecont **** *******, ** would ** **** ***********.

***'* *** **** ******* does ***.

* ** ******* *** integrators *** ***** ***** Arecont ** *** ********. The ***** ******* *** now ******** ******** *** everyone **** *** ****. I’ve **** ***** ******* out ** *** ***** and **** **** ****** looked *** *** ******** to ********’* ********* ******* even **** **** ******* properly.  ******* *** ****** been * ******** ******* to **** **** *** I’m **** ** ****’* ever *** * ****** one ** ***** *******.   

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