Overland Storage back on the ropes
This topic was created by Chris Mellor 1.
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Overland Storage back on the ropes
Overland Storage is seeking to raise money with a stock offer. The resulting cash will be used for any and all purposes, including working capital. That could be a sign Overland could run out of working capital unless this stock offer is successful. When is this company going to get turned around?
When will Overland be back?
When the channel see them as a good bet with sound high margin products. A review of some senior management might help - the storage industry is booming so it's quite a challenge to get it this wrong. They had a great name but they have left their core values and innovation behind for the moment. I wish them every success but I don't see anything radical on the cards and playing 'me too' with slim profit margins is not working for them. Let's hope their stock offer raises funds for them to invest in R&D and an innovative sales approach.
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