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Electronics Production | February 28, 2007

Analysts dislike Note's CEO departure

The unexpected departure of Note's CEO Mr. Arne Forslund a week ago does not impress Analysts.
Note's annual report that was released last week impresses the Nordic based Kaupting Bank which also predicts a bright future for the company. However the recent departure of Note's CEO Arne Forslund does not impress the bank.

“There is no reason for the CEO replacement and as a consequence other key-executives could now also resign", says one analyst at Kaupting that lower its recommendation for Note's stock.

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