Fullerton Out At Vicon
By: John Honovich, Published on Aug 05, 2016
One of the biggest names in the industry, Eric Fullerton [link no longer available], has resigned as Vicon CEO.
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Comments (11)
John Honovich
Also, Vicon's stock movements over the past month are highly atypical, here's the chart:
Notice that twice in July the stock roughly doubles in a single day but that yesterday the stock did not move at all even with Fullerton's resignation.
There was no public news that we can match to these movements though perhaps someone expects a buyout to occur, driving the price up. Anyone with theories or info, please share.
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John Honovich
Update:
Vicon responded to IPVM:
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Undisclosed #1
Unpredicted...
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Undisclosed Manufacturer #2
With the lackluster financial results, maybe the Vicon board wanted him out and hoped for a transition period, and he chose to resign instead?
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Undisclosed Manufacturer #3
as an ex vicon employee I'm not surprised it was unable to hold on to genuine talent. For over a decade the business on both sides of the Atlantic has been run by inflexible out-of-touch bean counters and lost track of the dynamic changes in the industry. Their camera products are 'me too' and their VMS is quirky and 10 years out of date. Hard to see a future for them
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Undisclosed #1
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