Friday, November 30, 2012
Intellicheck Mobilisa: Things Don't Look So Good For 2012
Troubled security and access control systems maker Intellicheck Mobilisa's new CEO, Nelson Ludlow, has a message for his shareholders: things aren't looking so good for the end of 2012. In an unusual move, the firm released a letter from Ludlow, where he said, "I do not anticipate a strong ending for 2012." Ludlow cited new bookings, which were down 50 percent for the first nine months of 2012, and down 78 percent for the third quarter. Ludlow was put into place a couple of weeks ago after the company suddenly "separated" its CEO from the company.