coming B4 year end.
"Stock price is going to be lower for the rest of the year. 2009 was the year for cashing in on the ABI chump change. This year is a rudderless ship taking on water."
GL captain or pirate? Either way a Keelhaul is in order.
Stock price is going to be lower for the rest of the year. 2009 was the year for cashing in on the ABI chump change. This year is a rudderless ship taking on water.
This is Brett Petrie's buddy who's followed him around from company to company. They ran Baxter Dade into the ground together many years ago. That's where the connection was made. He's got more going for him than Brett though. (which isn't saying alot)
The Dorsey Group is not new to MFG. They have been working with manufacturing for over 12 months and recently started working with us here in Carlsbad. Dorsey helps implement high performance work teams which is being rolled out in manufacturing. We were skeptical at first but it's actually going well.
Why, after 6.5 years of GL's leadership in Carlsbad, are the existing work teams not high performance already? Any why, after 6.5 years of GL's leadership in Carlsbad, is there nobody in house that understands the problem well enough to get the work teams to high performance. Why does this have to be outsourced to a consulting group? Everything that is wrong with American corporation leadership, right there in a nutshell.
Life Technologies (Nasdaq: LIFE) - downgraded from Buy to Hold, price target raised to $59. Sees 3 fundamental reasons behind the rating cut: 1. the risk/reward profile at current levels is less attractive than other LST names given strong 2009 (up 124%), 2. there remains some uncertainty around the trajectory of the NIH budget post-stimulus, which may cause NT multiple compression, 3. margin upside is now limited due to the significant synergy caputre following ABI purchase. The firm said it continues to view "LIFE's markets favorably, but view current risk/reward as fairly balanced."
Read another way.
1) Life Tech had a great 2009. Can they keep it up? Others may have a better 2010.
2) Nobody knows who is going to benefit from NIH stimulus. If you add together LST companies individual projections of what they think they can gain it outstrips stimulus money available.
3) Similar to #1. Life Tech beat its synergy projects and may not repeat that performance in 2010.
What you mean Willis? We are not a "mess"!!
Anyone knows why LIFE was downgraded by Deutsche Bank? May be poor integration and inflated valuation?
Anyone heard of the Dorsey Group? They are new consultants working with MFG.
Yet another consulting group thrown into the fray. It's curious how the problems are never solved.
The Dorsey Group is not new to MFG. They have been working with manufacturing for over 12 months and recently started working with us here in Carlsbad. Dorsey helps implement high performance work teams which is being rolled out in manufacturing. We were skeptical at first but it's actually going well. www.thedorseygroup.org
Most of Office Space was filmed about a block away from the Austin site.
Bob Slydel (John C. McGinley): "What you do at Initech is, you take the specifications from the customers and you bring them down to the software engineers."
Smykowski: "Yes. Y--Yes. That's-- That's right."
Bob Porter (Paul Wilson): "Well, then I just have to ask, why couldn't the customers just take them directly to the-- to the software people, huh?"
Smykowski: "Well, I'll tell you why. Uh, because... engineers are not good at dealing with customers."
Bob Slydel: "Uh-huh. So, you physically take the specs from the customer?"
Smykowski: "Well... no. M-My secretary does that, or they're faxed."
Bob Slydel: "Uh-huh."
Bob Porter: "So then you must physically bring them to the software people."
Smykowski: "Well... no. I mean, sometimes."
Bob Slydel: "What-- What would you say you do here?"
Smykowski: "Well, look, I already told you. I deal with the bleepdamn customers so the engineers don't have to. I have people skills! I am good at dealing with people! Can't you understand that? What the hell is wrong with you people?!"
"I have people skills!"
They're like the Bobs in Office Space
"I was identified as one of the employees transitioning to Danaher, but I do not want to accept the offer. The rest of my team has already been laid off. If I don't accept the Danaher offer, am I still eligible for the severance plan under the terms of the merger?"
Pay attention and read your FAQ's. That's covered on page 5.
I was identified as one of the employees transitioning to Danaher, but I do not want to accept the offer. The rest of my team has already been laid off. If I don't accept the Danaher offer, am I still eligible for the severance plan under the terms of the merger?
who got hit?
Recent layoffs were focused on sales organization. Synergism and Strategery were credited with guiding the moves. At least they waited till after Christmas.
Anyone got news on the layoffs happening today?
They only make reagents for some of the genomics apps like long range PCR for targeted resequencing. Ambion is making all of the RNA based kits/ apps.
Does anyone have any feedback about Life's competitors, like CSI, IET, Blue Lion biotech, Azco biotech, SeqGen, or AmeBioscience? Did anyone bought instruments from them, requested service or bought reagents? We are about to buy an instrument from one of them, and would like to have some feedback.
Thanks in advance
Cheers and happy new year!
Either move to Carlsbad or get laid off.
Happy New Year LIFE'ers
All of Oligo production is now under the same person - a heritage ABI person as well. He's based in Pleasanton so you'd think he'd be unlikely to get rid of his local office.
Why does it matter who makes the kits its all Life Technologies?
Why is Invitrogen making ABI's SOLID Kits?
Seriously, we hired a business unit manager from Bio-Rad to be a VP? WTF That is like a double promotion. Don't know who SC fooled, but good for him I guess.
So, is Life Tech really ready to tackle the 2 flow purple gorillas in the room with their new flow cytometer?
Did anyone hear about the current layoff at AB Foster City?
The new Building in Carlsbad will not be used for Manufacturing. It is being used for Assembly, Distribution, EHS, Facilities. Etc. As far as what the new space from the 5781 building will be used for, I am not so sure. I am guessing that it will just be used for R&D, Manufacturing and what not. Space is very limited right now and this is most likely just a move to free up some space.
AB products/distribution was moved to Frederick pretty much exclusively. But now half of that will be coming to Carlsbad because of high shipping costs/bad planning so the new building is a must.
As far as Pleasanton getting closed I have heard nothing about this. Camarillo on the other hand has a very high chance of being shut down, not sure to where though. The whole Camarillo operation is a mess. From planning to manufacturing to distribution. Horrible.
"Vice President, Advanced Technology and Systems R&D, Genetic Systems at Life Technologies"
This guy's linkedin profile is full of grammar mistakes.
It sounds they had hard time to find competent replacement managers for FC site.
Areed, shutting Pleasanton doesn't make sense for the reasons you give. Consolidating legacy invitrogen US oligos into Pleasanton doesn't make sense for reasons given previously. Bringing in oligos from factories outside the US doesn't make sense either. It kills the delivery time.
Shuting down Pleasanton would mean dropping the profitable assay business. They don't just make consumables. Granted some products are - but they are for the highly lucrative kits. ensuring supply of oligos for those when the expertise is in Pleasanton - it would make no sense to outsource the products.
The Invitrogen oligos are a relativly small line so they could be consolidated into Pleasanton easily. Would be more cost effective but the savings on all of the other oligo sites would offset this.
Why does it make sense to consolidate legacy invitrogen oligos into Pleasanton? Give us your reasoning.
The only legacy invitrogen oligo production in the US is in Frederick, MD. To consolidate into Pleasanton means moving it to a more expensive place, with all the cost that it takes to move an operation. It would never recover the cost of moving . Then most of the legacy invitrogen customers are on the east coast, and you would end up supplying them from the west coast. Takes longer and would be more expensive to ship.
Let us have your reasoning.
Invitrogen already outsources consumables and it does makes sense to shut down Pleasanton.
There are legacy oligo sites from Invitrogen and it does make sense to consolidate those with Pleasanton.
Yep - have to agree with you - consolidation of Camarillo & NoCal wih Carlsbad desn't make any sense!
C'mon people, this is hardly speculative stuff. At the beginning of the two companies coming together it was openly stated, and has continued to be stated, that there will be consolidation of sites. There has been consolidation of sales offices, distribution sites and manufacturing throughout 2009. There's gotta be more in 2010. Carlsbad as site will not close, that much is obvious, but things may move around within the site, or even somethings out. But close? No. As for consolidating Camarillo or Pleasanton into Carlsbad, it just doesn't make sense. Carlsbad doesn't makes oligonucleotides or antibodies. To create that from ground zero has gotta be too risky and too expensive. Think about it.
To say that any particular site is in danger of being closed is moronic.
The only site that is not in danger of being closed down is Carlsbad. All others have some finite probability of making it onto some hit list in the mind of someone in Carlsbad. There are some sites that would be moronic to close down, but Carlsbad is known for oxymoronic output.
Not aware of a new building, but an existing large building (5781) was renovated/expanded. To say that any particular site is in danger of being closed is moronic. Oh wait, I forgot this site is filled with all the key industry decision makers and insiders.
Where is the new building
Life Tech just bought another HUGE building In Carlsbad. Say goodbye to your jobs Camarillo and Pleasanton.
Wow. That post makes absolutely no sense. "Quited", really?
FC site still hiring?
Copied from a Bio-Rad thread.
"so what's SC doing now? I thought he was next in line?"
SC the ladies man left for Foster City pastures
SC the leprechaun was JS's chosen one but now that JS is gone (by choice?) he doesn't have as much clout.
SC quited last
Submitted by Anonymous on Thu, 10/12/2009 - 05:42.
SC quited last month.
Wondering who will take over his ladies left at BioRad.
For his latest employer, the reference for him is: BioRad's version of Tiger wood. (he is as good as Tiger on entertaining side, but as imcompetent as other BioRad managers on business side)"
Life Tech will emerge as the dominant player in the life sciences industry. Get ready for a new set of acquisitions in the next couple of years that will solidify that position.
Probably to the unemployment line
Maybe to Carlsbad.
Moving and downsizing is what I'd heard - Maybe to Pleasanton?
Any update with FC shutting down?
There will come a day when Austin people may have to learn Malay, Mandarin, or Tamil.....I wouldn't trust GL or any of them.
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