Planar Systems

  www.planar.com
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2.2 13 reviews

0% Approve of the CEO

Planar Systems President & CEO Gerald K. (Gerry) Perkel

Gerald K. (Gerry) Perkel

(4 ratings)

23% of employees recommend this company to a friend
2 Employee Reviews Back to all reviews
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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Do your homework before joining

    Product Marketing Manager (Former Employee) Waltham, MA

    ProsPlanar offers Great benefits. Work life balance is good. Very pleasant people and team. Individual business units vary a lot in terms of growth opportunities. There are some employees that have been there for a while and know the markets really well, but it is hard to retain talent if the company performs this bad.

    ConsCompany is not doing good. The overall strategy the company has chosen seems to be headed in the wrong direction. All time low stock price, employee morale seems to affect productivity and confidence in a recovery is lost. Acquisition seems to have been done on the fly with limited due diligence on the segment. This has put a lot of burden on the current business units.

    Individual business units vary a lot in terms of growth opportunities, but overall layoffs have demanded more work and less rewards.

    With 17M in cash, and 12M market cap, if the company is not buying back shares, or going private, it shows the confidence they have in themselves and the market.

    Advice to Senior ManagementSome good business units should be spun off, and some shut down. At 12M market cap now, planar should just buy themselves out and go private. There is no reason for this company to be public. They are spending more money auditing and maintaining staff to meet sarbanes oxley that they can cut. With 17M in cash, and 12M market cap, if the company is not buying back shares, or going private, it shows the confidence they have in themselves and the market.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    I hope it all works

    Regional Product Specialist (Current Employee) Beaverton, OR

    ProsGood company with excellent products and an aggressive growth plan. The recent aquisitions of Runco and Vidikron have greatly enhanced the product offerings to the residential market and should boost the bottom line greatly.

    ConsSome of the management are known for running other display companies into the toilet. With the recent departure of Scott Hix this is hopefully no longer an issue. The biggest risk faced by Planar is the potential destruction of the Runco and Vidikron brand names. If these products are all just turned into different Planar models, without the emphasis on performance and brand discinction, this experiment is doomed.

    Advice to Senior ManagementDon't run Runco and Vidikron into the ground

    Yes, I would recommend this company to a friend

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