ConMed layoffs
Peter Palmer

Whitesboro, NY

#2 Oct 13, 2013
I would worry more about Obamacare causing layoffs to full time ConMed people.
tax urself 2 death

Whitesboro, NY

#3 Oct 13, 2013
Look for device makers like ConMed to continue 'restructuring' and 'cost optimization efforts' as they:

1) begin to expand their businesses--mostly into emerging markets--and;

2) prepare for pricing pressures to their product lines

This trend signals higher profit margins and the accumulation of new revenue from new markets for the medical device industry.

Read more here:

http://marketrealist.com/2013/09/covidien-lay...

Level 3

Since: Jul 10

Location hidden

#4 Oct 14, 2013
They'll expand their Mexico facilities.
no habla espanol

Whitesboro, NY

#6 Oct 16, 2013
RegularCrewChief wrote:
They'll expand their Mexico facilities.
This could mean that recipients of ConMed implantable devices will suddenly start craving Taco Bell 3x per day, along with Chipotle Mexican Grill and Burrito Jonz. El Canelo is calling....I smell BEANS on French Road!
Butch

Chicago, IL

#7 Oct 16, 2013
They can get better educated and more skilled labor in Mexico.
Peter Palmer

Whitesboro, NY

#8 Nov 7, 2013
Jack Apples

Brooklyn, NY

#9 Nov 7, 2013
Oh the poor Corasanti crew. Look at what they get paid for doing jack shit and owning barely any stock. Who are the clowns on the board of directors allowing that crap?
Interesting

Baltimore, MD

#10 Nov 7, 2013
Who are the major shareholders given the family collectively owns 2.3%? Why haven't the majority shareholders taken control of the board?
shareholder services

Utica, NY

#11 Nov 8, 2013
Peter Palmer wrote:
http://www.businesswire.com/ne ws/home/20131104005496/en/Voce -Capital-Demands-CONMED-Corpor ation
This just about sums it up!!
thank the "board" for looking the other way.
ya think

Utica, NY

#12 Nov 8, 2013
there was bound to be repercussions from Mrs Corasanti's book, which offended Jewish Americans Nationwide. The Company promoted her book, and someone was going to retaliate. I am not castigating Conmed, or the fine families that founded it, and have done much for our community...but a stock analyst acquaintance of mine in New York (also Jewish), commented that the promotion of her book, through the Company, would find itself being closely looked at..that was last year. I am starting to wonder if his prediction was true.
shareholder services

Utica, NY

#13 Nov 8, 2013
ya think wrote:
there was bound to be repercussions from Mrs Corasanti's book, which offended Jewish Americans Nationwide. The Company promoted her book, and someone was going to retaliate. I am not castigating Conmed, or the fine families that founded it, and have done much for our community...but a stock analyst acquaintance of mine in New York (also Jewish), commented that the promotion of her book, through the Company, would find itself being closely looked at..that was last year. I am starting to wonder if his prediction was true.
Has nothing to do with a "jewish" issue. The report was written from an investment and private equity perspective! They are spot on with their criticism and the lack of proper board oversight (in my opinion).
Another Yenta Heard From

New Hartford, NY

#14 Nov 8, 2013
ya think wrote:
there was bound to be repercussions from Mrs Corasanti's book, which offended Jewish Americans Nationwide. The Company promoted her book, and someone was going to retaliate. I am not castigating Conmed, or the fine families that founded it, and have done much for our community...but a stock analyst acquaintance of mine in New York (also Jewish), commented that the promotion of her book, through the Company, would find itself being closely looked at..that was last year. I am starting to wonder if his prediction was true.
The book is irrelevant. What's relevant is under the current leadership the company continues to lose margin and market share in the fastest growing med/surg industry segment. The CEO is not qualified to run the company. They've missed their projects for 10 consecutive quarters. His and the boards fiduciary responsiblity is to the shareholders, not the founder. As a Jew, I could care less about the politics of a Conmed employee's wife. As an investor, it's all about the bottom line and can they formulate a realistic strategy to regain what they are losing to competitors in the market place. It's not a fiefdom,it's a publicly traded company and needs to be operated as such.

Was the founder's son really the best candidate. I'm wondering if an ad was put in Barron's or the WSJ for the position, how his qualifications would stand up to the applicants.
Da One

Syracuse, NY

#15 Nov 8, 2013
It's a Utica thing.....just like when the Talerico's f'ed up the UFCW
Spot on

Baltimore, MD

#16 Nov 8, 2013
Peter Palmer wrote:
I would worry more about Obamacare causing layoffs to full time ConMed people.
What concerns me most about obamacare is what it's going to cost us that are able to afford our own healthcare. I don't know about the other posters, but coverage for my family is $1300/ month. One thing everyone agrees with and that it's going to cost more. Not fair for us that the current administration feels that I need to pay my "fair share"
Pat Jizinski

United States

#17 Nov 8, 2013
Here's the BOD at Conmed. Gee, wonder if they are over-compensated too?

Bruce Daniels
Stuart Schwartz
Stephen Mandia
Mark Tryniski
Jo Golden
Brian Concannon
Dirk Kuype

Level 3

Since: Jul 10

Location hidden

#19 Nov 9, 2013
ya think wrote:
there was bound to be repercussions from Mrs Corasanti's book, which offended Jewish Americans Nationwide. The Company promoted her book, and someone was going to retaliate. I am not castigating Conmed, or the fine families that founded it, and have done much for our community...but a stock analyst acquaintance of mine in New York (also Jewish), commented that the promotion of her book, through the Company, would find itself being closely looked at..that was last year. I am starting to wonder if his prediction was true.
This sounds like one of Diana Vickery's 'Urge for a Purge', or 'Thrill For a Kill' narratives. Just to weird to be real
ConMed project mgt hints

Whitesboro, NY

#20 Nov 11, 2013
Top ten hints for project management at ConMed:

1. All projects at ConMed take about 5 times longer than any other company because of poor resource management and scope changes.

2. You will have 100% turnover of resources during your project's lifecycle.

3. The resources you DO need for the project will not be available. The smart people know it's better to work on small pet projects than on big useful projects.

4. Rebuild your project schedule 100 times. "What if" is your friend.

5. Save all emails and document informal agreements or you will be roasted by dishonest people.

6. You will the last to know if your project is in trouble or doomed. Accept it. Take your verbal beatings like a man.

7. Escalate every issue or you will never get the project completed.

8. Kiss butt to get best developers and best projects or be doomed forever to have projects in the red.

9. Just remember you don't really do any work, so put the screws on the IT managers every chance you get.

10. It's just like prison, never turn you back on anyone and kick someone's ass at the beginning of the project.
Ricky

Raleigh, NC

#21 Nov 12, 2013
My girlfriend works ther says there will be alot of layoffs
know nothing party

Whitesboro, NY

#22 Nov 22, 2013
Ricky wrote:
My girlfriend works ther says there will be alot of layoffs
It's not who she knows, it's who she blows.
Joe Forbes

Ithaca, NY

#23 Dec 11, 2013
Conmed is going bye-bye in the next twelve months due to the looting of the Corasanti family and the unbelievable greed of it's board.

This operation reminds me of Adelphia Cable Corporation (remember these guys?), the Rigas family used Adelphia as it's own little piggy bank. They all ended up in Club Fed for a few years and the company folded.

Having your wife's book worked on by employees of Conmed is so stupid and really disgusting, having her as a "manager" is stupid proves that avarice is alive and well on the board level at Conmed.

Conmed to Club Fed, the next year will be interesting.

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