Gamma Communications : CEO departure is not a negative signal
>Departure of CEO and replacement by Andrew Belshaw - The announcement of the departure of CEO Andrew Taylor led to a 6% decline in the share price yesterday, in a market on a downward trend (telecoms -1%). That said, we think that his departure was for personal reasons and in no way connected to the decline in the share price over the past year (-46%) or the deceleration in activity (Spain). As a reminder, the decline in technology stocks has also led to a decline i...Gamma Communications is a communications company. Co. has two main operating segments: Indirect, which sells Co.'s products to channel partners; and Direct, which sells Co.'s products to end users in the SME, Enterprise and Public Sectors together with an associated service wrap. Both operating segments sell a combination of products and services (which is mainly voice traffic from which revenues are derived from channel partners and other carriers as well as rentals for wholesale lines) and growth products and services (which consists of IP voice traffic, rental income derived from SIP trunks, hosted IP voice systems and Gamma's hosted inbound product and data products)
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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