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Leaders raise the performance bar with every hire and promotion. They recognize exceptional talent, and willingly move them throughout the organization. Leaders develop leaders and take seriously their role in coaching others. We work on behalf of our people to invent mechanisms for development like Career Choice. Capex was 5% of revenue in the December 2018 quarter; now 13% of revenue consistently into the face of a slowdown in growth.
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Costs are controllable to a much greater extent than revenue. If revenue growth is accelerating, other problems become easier to solve. The stock is troubled, the company has some problems – but they aren’t insurmountable if the new management team gets focused.
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