Planar Systems

  www.planar.com
  www.planar.com
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Planar Systems Reviews

13 Reviews
2.2
13 Reviews
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Planar Systems President & CEO Gerald K. (Gerry) Perkel
Gerald K. (Gerry) Perkel
4 Ratings

2 Employee Reviews Back to all reviews

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  1.  

    Do your homework before joining

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Product Marketing Manager  in  Waltham, MA
    Former Employee - Product Marketing Manager in Waltham, MA

    I worked at Planar Systems

    Pros

    Planar 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.

    Cons

    Company 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 ManagementAdvice

    Some 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.

    Doesn't Recommend
    Disapproves of CEO
  2.  

    I hope it all works

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Regional Product Specialist  in  Beaverton, OR
    Current Employee - Regional Product Specialist in Beaverton, OR

    I have been working at Planar Systems

    Pros

    Good 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.

    Cons

    Some 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 ManagementAdvice

    Don't run Runco and Vidikron into the ground

    Recommends
    Approves of CEO

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