Differences in Value

A recent emailer wanted to know why Wall Street values certain companies so highly when said companies can’t seem to deliver product on time or at high levels of quality. In retrospect my response — that the Street’s definition of “execution” means generating positive cash flow, growing profits and revenues, and meeting guidance was different from ours — seems limp. Generally, I think execution is a companywide commitment. It would certainly be interesting to know whether certain manufacturing metrics are leading indicators for financial performance. I’m going to query a few analysts and will let you know what they say.


I’ve been asked by more than a few folks about updates to the rumored acquisition of Amphenol’s PCB division (the former Teradyne manufacturing site) by Endicott Interconnect Technologies (the former IBM manufacturing site). In the words of a great man, “I ain’t heard nothing yet.”

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About Mike

Mike Buetow is president of the Printed Circuit Engineering Association (pcea.net). He previously was editor-in-chief of Circuits Assembly magazine, the leading publication for electronics manufacturing, and PCD&F, the leading publication for printed circuit design and fabrication. He spent 21 years as vice president and editorial director of UP Media Group, for which he oversaw all editorial and production aspects. He has more than 30 years' experience in the electronics industry, including six years at IPC, an electronics trade association, at which he was a technical projects manager and communications director. He has also held editorial positions at SMT Magazine, community newspapers and in book publishing. He is a graduate of the University of Illinois. Follow Mike on Twitter: @mikebuetow