In early March of this year, the share price of Cimatron fell below a dollar on the NASDAQ stock exchange. The company has now been warned to get its price up, or face delisting.
Cimatron still has some time; the price needs to reach $1 for just ten days by March 15 of next year. Even then, the company can get another 6-month grace period. After all, NASDAQ doesn't necessarily want to lose a paying customer.
Cimatron says it's "examining several potential courses of action." This could include buying up shares or moving to another stock exchange.
The Cimatron product line includes the CimatronE and GibbsCAM.
Source.
Cimatron still has some time; the price needs to reach $1 for just ten days by March 15 of next year. Even then, the company can get another 6-month grace period. After all, NASDAQ doesn't necessarily want to lose a paying customer.
Cimatron says it's "examining several potential courses of action." This could include buying up shares or moving to another stock exchange.
The Cimatron product line includes the CimatronE and GibbsCAM.
Source.
Gibbscam needs a total rewrite from the ground up. No one wants to drag tiles around anymore and no one wants to store all their machining operations in just one tile list that becomes unmanageable when you have many machining operations.
I fail to see where Cimatron is going to get the money to completely rewrite Gibbscam and give it a modern user interface. It seems to me that Bill Gibbs should find some investors and take Cimatron private and move Gibbscam inside the Cimatron user interface. If Cimatron was good at production machining it would make for a product that would be very hard for most CADCAM companies to compete with. Unlike Gibbscam, Mastercam, Surfcam, DP Esprit, SmartCAM, etc. Cimatron has very powerful CAD and lots of really innovative ideas.
Jon Banquer
San Diego, CA
http://jonbanquer.wordpress.com/
Posted by: Jon Banquer | Sep 21, 2009 at 05:30 PM