Bio-Rad LSG: Why doesn't anyone here talk about it?

Have they become that irrelevant in the industry, or are they that perfect?

How are third quarter sales

How are third quarter sales looking like so far?

Who is the best manager at

Who is the best manager at Bio-Rad? Everybody complains but somebody must have something good to say about at least one of them.

Hear that chirping in the background? Those are crickets.

No one can think of a single good example, especially in NASD.

SJ is a pretty good manager

SJ is a pretty good manager on the manufacturing side.

Some managers at Bio-Rad are

Some managers at Bio-Rad are really great persons. But they either have been laid off /forced to leave, or on the edge of being laid off.

Who is the best manager at

Who is the best manager at Bio-Rad? Everybody complains but somebody must have something good to say about at least one of them.

"With a couple of exceptions,

"With a couple of exceptions, Sr. Management does not consist of the sharpest set of knives in the drawer. Those that are sharp, it is only by comparison that they appear sharp."

I don't think there are ANY knives in the drawer

"when are they going to dump

"when are they going to dump that seldi junk?"
"Proeton & Experion are junks as well."

Proteon only being bought in countries where they don't know any better.
It breaks if you think about using it.

"when are they going to dump

"when are they going to dump that seldi junk?"
Proeton & Experion are junks as well.

"This company has a habit of

"This company has a habit of doing things on the cheap to only find that in the long it actually cost more. Examples include the ineffective PLM system, and the old platform for their website."

Don't forget Baan. Purchased when the company was going out of business. That was definitely a money saving investment.

Add Lotus Notes to that list. 

"This company has a habit of

"This company has a habit of doing things on the cheap to only find that in the long it actually cost more. Examples include the ineffective PLM system, and the old platform for their website."

Don't forget Baan. Purchased when the company was going out of business. That was definitely a money saving investment.

With a couple of exceptions,

With a couple of exceptions, Sr. Management does not consist of the sharpest set of knives in the drawer. Those that are sharp, it is only by comparison that they appear sharp.

This company has a habit of doing things on the cheap to only find that in the long it actually cost more. Examples include the ineffective PLM system, and the old platform for their website.

when are they going to dump

when are they going to dump that seldi junk? another great acquisition by lsg

No company BBQ, hiring

No company BBQ, hiring basically frozen, layoffs....sounds like company soon will be for sale.

How is Dave's health? That

How is Dave's health? That is one thing that will affect the direction of the company. NS doesn't have much interest in the company.

Bio-Rad treat its employees

Bio-Rad treat its employees very
"Kosher"
for sure.

Bio-Rad Cost Saving

Bio-Rad Cost Saving Suggestions 1. Remove all paper cups and plastic utensils from break rooms and require employees to bring a coffee mug from home 2. When staying at a hotel with a free breakfast eat as much as possible and take as much food back to your room with you to have for lunch and dinner. 3. Require employees to use their frequent flyer miles for business travel 4. Eliminate catering for any meeting that occur over lunch (brown bag only) 5. Off site meetings with fewer than 20 people will be held at the local Starbucks.

That sounds like BR, AFTER they get more generous. 

"No Q2 layoff so far. But

"No Q2 layoff so far. But cancellation of BBQ."

This company was cheap with employees even before their sales numbers were not met. I am surprised they are still not holding it and having employees pay their own way.

In the past for the summer BBQ they held these "Bio-Rad Family Days" at a local theme park. There was no charge for the employee, but you would need to purchase a ticket for any family members that would attend.

Things could get worse and more savings may be required.

Bio-Rad Cost Saving Suggestions
1. Remove all paper cups and plastic utensils from break rooms and require employees to bring a coffee mug from home
2. When staying at a hotel with a free breakfast eat as much as possible and take as much food back to your room with you to have for lunch and dinner.
3. Require employees to use their frequent flyer miles for business travel
4. Eliminate catering for any meeting that occur over lunch (brown bag only)
5. Off site meetings with fewer than 20 people will be held at the local Starbucks.

"One suggestion: Spell out

"One suggestion:
Spell out names instead of shorthands such as JS will help folks at other companies to "reference" the great managers at BioRad.
Biofind messages can be yahoo or googled."

Look them up in the annual report. You can figure that out.

http://www.bio-rad.com/webroot/web/pdf/corporate/literature/2008_annual.pdf

One suggestion: Spell out

One suggestion:
Spell out names instead of shorthands such as JS will help folks at other companies to "reference" the great managers at BioRad.
Biofind messages can be yahoo or googled.

PFD=Borg JS=Borg queen you

PFD=Borg
JS=Borg queen

you will be assimiliated, resistance is futile

No Q2 layoff so far. But

No Q2 layoff so far. But cancellation of BBQ. What really happened? And what will happen next?

How's BR QSD division holding

How's BR QSD division holding up in the storm?

"I've seen it all now,

"I've seen it all now, managers forcing their manager to falsify personnel reviews..."

I have worked for a number of companies over many years and, without exception, always received excellent reviews. After taking a job with Bio-Rad, I could absolutely not believe it when my first annual review was extremely poor and based on fabricated premises. In fact, my immediate response was to ask if somehow my review got mixed up with somebody else's. Shortly afterwards, it became clear that the whole thing was a set-up in order to bring in some buddies of one of the managers. Although I know that I played right into the manager's hands, I left Bio-Rad as quickly as possible to join another company. So much for ethics!

SELDI instruments are no

SELDI instruments are no longer being manufactured and are effectively discontinued, so LSG is attempting to kill the business, but they just need to make the clean break and do it. Like a band-aid, rip it off quickly and get it over with.

BR management are dishonest and only out for themselves, not the company or their employees. Logical, since most likely no one else will hire them.

I've seen it all now, managers forcing their manager to falsify personnel reviews, firing of the more competent r&D personnel, backstabbing by BC in order to put his people in place, managers from the outside replacing every one of their reports in order to have a bunch of yes-men surrounding them, and the sliminess from LC (HR manager) just getting worse. LC just needs to crawl back under the rock where he was hatched.

In another twelve months, LSG will just implode.

To generalized Bio-Rad's

To generalized Bio-Rad's management style, oe word might fits all:
DISHONEST

Take Seldi or example, the scientist who evaluate it before acquisition reported to management that SELDI was pseudoscience.
Management ignored it and went ahead to buy SELDI. The scientist was laid off later.

Will BC cut off SELDI now? Very unlikely, it will equal to admit that the acquisition was a wrong decision.

"Top Managers Who Should Be

"Top Managers Who Should Be Held Accountable
PC -No plan, vision, or clue. Running the NA organization into the ground. He is repeating his history of failure.
DH -Phony, spin doctor, two-faced weasel that attempts to show leadership, but only cares about himself
JS -Major ego that knows business, but does not the business he is supposed to be running.
AT -Really not effectively running her organization. Long time employee with limited business sense.
SH -Been there too long to see outside of herself. Too much focus on politics and herself to be effective.
BC -This guy has no business running life sciences. He is in this position only because he spent his entire career there. Doubt another company will hire him for a similar position."

I like your thinking.

Follow-up to your comments:
JS-does NOT know business, except from what he gets out of a book. Somebody should ask how successful his ventures were at previous companies, like Mol Devices. I don't think that POS instrument he was involved with sold more than five units and that whole MD business is now an utter failure. How's that for a legacy? Plus, he's deluded that BR will change to match his style and business direction. He has the same ego and Harvard MBA that drove the financial industries to ruin.
PC-now that LP is not there to do PC's job for him, he will have big trouble
JH-what's he doing to correct all the above losers that report to him?
AT-her division brings in a lot of sales, but no profit to the company
BC-why doesn't he just cut some of the low performing business units (e.g. SELDI), it would sure add to the bottom line
SH-inherited products that have not been updated for too long and have now lost the market position. Probably too late for her to do anything that would make a difference. Even if she was a genius, probably wouldn't help the division.

Unfortunately, these people will still have high paying mgmt jobs at BR long after you and I are gone, so the organization is doomed.

Clueless management is

Clueless management is responsible for the lack of growth. No innovation, no plan, little to no investment in new technology. When investment does happen they are late to market or simply buying something because it is a good deal.

Top Managers Who Should Be Held Accountable
PC -No plan, vision, or clue. Running the NA organization into the ground. He is repeating his history of failure.
DH -Phony, spin doctor, two-faced weasel that attempts to show leadership, but only cares about himself
JS -Major ego that knows business, but does not the business he is supposed to be running.
AT -Really not effectively running her organization. Long time employee with limited business sense.
SH -Been there too long to see outside of herself. Too much focus on politics and herself to be effective.
BC -This guy has no business running life sciences. He is in this position only because he spent his entire career there. Doubt another company will hire him for a similar position.

This place is too internally focused. Too many people promoted to key positions due to the time they have been with the company. NS is CEO not because of his skill as a leader and ability to drive the business.

"LSG didn't make plan in Q2,

"LSG didn't make plan in Q2, but there was still growth over prior year."

But was it enough growth to make NS happy? I doubt it, especially if it was only 1-3% growth over last year.

Story is that LSG did not

Story is that LSG did not make Q2 plan, but doubt there will be more layoffs. Some of the positions that were eliminated at the end of Q1 are posted as open. Perhaps some of the deadwood Sr. managers will be cut to free up salary for people who actually contribute.

LSG didn't make plan in Q2, but there was still growth over prior year. 

Story is that LSG did not

Story is that LSG did not make Q2 plan, but doubt there will be more layoffs. Some of the positions that were eliminated at the end of Q1 are posted as open.

Perhaps some of the deadwood Sr. managers will be cut to free up salary for people who actually contribute.

If you know that a lay-off

If you know that a lay-off list was made, why don't you know if it's being revised? Do you really know that a lay-off is going to happen?

The lay-off list was

The lay-off list was finalized before July 4th. Are they making last moment change?

How did Q2 sales shake out ?

How did Q2 sales shake out ? Somebody speak up or we have to wait forever for the earnings call.

LSG is in the dung

LSG is in the dung heap.

Everybody better get out while they can.

Name one successful product line for 2009? I dare anyone to prove me wrong that there is a successful one.

"Yes, but NS is very unhappy

"Yes, but NS is very unhappy with LSGs profit performance and the efforts to save money are probably just LSG managers attempts to show some improvement so NS doesn't sell off LSG. "

NS has to sell off LSG.
Poor profit performance is a result of long time lack of investment. The alternative of selling off is to invest $100 to $300 million to introduce new products by acquisition or in-house development. Which is much more risky, and time consuming than selling off.

BIORAD is a typical successful story of a Jewish owned business:
First generation: innovative and mean.
Second generation: conservative and mean.
Therefore, such business typically will end in the hand of second generation after the old product line losing competivie edges.

"Many that get discussed here

"Many that get discussed here have done that and still thrived;LSG is just trying to save some $$$$$$$$"

Yes, but NS is very unhappy with LSGs profit performance and the efforts to save money are probably just LSG managers attempts to show some improvement so NS doesn't sell off LSG.

NS pressured BC to hire JH to straighten out LSG. BC is on thin ice right now if profits don't pick up, regardless of the economy.

You can tell yourselves that LSG is like those other companies that thrived but look at the sales and profit history and the coming two years. I hope you're not deluding yourself in other parts of your life.

"Many that get discussed here

"Many that get discussed here have done that and still thrived;LSG is just trying to save some $$$$$$$$"

But Bio-Rad has always been notoriously cheap so now sales must really be bad in LSG.

The writing is on the wall,

The writing is on the wall, how many companies or divisions do you know that have survived for one year after cancelling their annual sales meeting?

Many that get discussed here have done that and still thrived;LSG is just trying to save some $$$$$$$$

The writing is on the wall,

The writing is on the wall, how many companies or divisions do you know that have survived for one year after cancelling their annual sales meeting?

"Q2 is not looking good. So

"Q2 is not looking good. So far behind plan, the management is ready to make a deal with the devil."

This should not be a big surprise to anybody working within LSG. Management has had no plan for the last few years and have made stupid acquisitions. I'm almost rooting for the numbers to be horrible so that maybe management will be changed. Most likely, people who actually do work will be axed and maangement will be spared.

And, I thought management was the devil or owned by the devil.

July 4th bang?

July 4th bang?

Q2 is not looking good. So

Q2 is not looking good. So far behind plan, the management is ready to make a deal with the devil.

So how's Q2 looking like?

So how's Q2 looking like?

It looks BioRad is having

It looks BioRad is having issue with SEC????

"On June 10, 2009, we dismissed Deloitte & Touche LLP, or D&T, as our independent registered public accounting firm based on the recommendation and authorization of the audit committee of our board of directors.

D&T's audit reports on our consolidated financial statements for the fiscal years ended December 31, 2008 and December 31, 2007 did not contain an adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles. "

http://biz.yahoo.com/e/090612/bio8-k.html

LSG should read Jim Collins

LSG should read Jim Collins new book, "How the Mighty Fall." He defines the five stages that business progress through from success to failure. LSG is definitely in the fourth to fifth stage.

1.Hubris born of success
2.Undisciplined pursuit of more
3. Denial of risk and peril
4.Grasping for salvation with a quick, big solution
5.Capitulation to irrelevance or death

LSG is too busy doing projects that should have been done years ago and will turn out to be irrelevant once the products are finally launched.

The easiest quick, big solution is to sell LSG to somebody else. There is no long term strategy, except some platitudes in the mission statement that nobody really lives as they're too busy with busywork contained in SOPs. That's what happens when you let mfg and R&D guys write all the SOPs, everybody spends all their time doing paperwork.

What products ae included in

What products ae included in the Bio-Rad LSG portfolio? I don't see anyone (other than maybe Frank L.) interested in SELDI.

"Any idea which roles will be

"Any idea which roles will be cut?"

Sales, marketing, manufacturing, but probably not any of the senior management that got LSG into the mess it's in now.

Sales? I would imagine it would be some middle managers and the bottom-performing reps. 

"Any idea which roles will be

"Any idea which roles will be cut?"

Sales, marketing, manufacturing, but probably not any of the senior management that got LSG into the mess it's in now.

'My money is on June 18th

'My money is on June 18th especially if bioplex is not making its numbers'

Any idea which roles will be cut?

My money is on June 18th

My money is on June 18th especially if bioplex is not making its numbers.

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