Altium moves AGAIN! - Page 1
Forum section: electronics / general

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 12:46:17 am
content: http://www.asx.com.au/asxpdf/20140430/pdf/42p8l2n6249lpy.pdfQuoteSo that's now, unless I've forgotten something:Tasmania -> Sydney -> Silicon Valley -> Sydney -> China (+Ukraine R&D) -> San Diego

author: gregariz
author_rank: Frequent Contributor
timestamp: April 30, 2014, 12:52:27 am
content: You need to keep blogging for another 3 years Dave. Then it'll be back to Sydney and they'll be calling.

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 01:00:17 am
content: Translation:QuoteThe China moves failed, and everyone was getting sick of living in Shanghai. The smart ones had already left. Let's move again to somewhere nicer before the few remaining key people leave as well.QuoteWe though we could get plenty of cheap R&D programmers in China, but we discovered that was a myth. Oops.QuoteWe can't tell the shareholders we failed and the vision was just another in a long line of stupid moves, so let's just say it's "mostly achieved" and everyone's happy.QuoteWe admit that the Internet of Things was a complete failure and the most stupid strategy we could have chased. That's why we booted out our former founder and CEO and are now focusing back on the core PCB product.QuoteChina was a flop, but we'll still keep a token presence there of course.QuoteSee above. China was supposed to be the biggest growth area, but because that failed miserably we'll now try the US again, because everyone hated living and working in China. A change is as good as a holiday. Insert a few wank words to make it sound like we know what we are talking about.QuoteWe really, really hated living and working in Shanghai, did we mention that?QuoteNow that the unused expensive Sydney HQ has been written off and still sits there like a ghost building, everything is pretty cost-neutral.

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 01:02:08 am
content: Quote from: gregariz on April 30, 2014, 12:52:27 amThe old Altium mega HQ in Sydney will still be vacant in 3 years, so I"m hoping the owner will be so desperate to sell that I can snap it up for a song.

author: GeoffS
author_rank: Unknown
timestamp: April 30, 2014, 01:04:57 am
content: That Sydney building is in a nice location. I used to work in the building next door when it was the only building on the street.They should have stayed in Tasmania

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 01:13:11 am
content: Quote from: GeoffS on April 30, 2014, 01:04:57 amNice, but useless as far as attracting employees. They always had a hard time finding employees for that reason.They haven't found a tenant since moving out:http://www.realcommercial.com.au/property-offices-nsw-belrose-5786979IIRC it cost them about $8M to abandon it and move to China.It was state of the art, no expense spared:http://www.lifepropertygroup.com.au/projects/advisory/altium-3-minna-close-in-belroseand a video tour:http://www.tourbuzz.net/public/vtour/display/147151

author: gregariz
author_rank: Frequent Contributor
timestamp: April 30, 2014, 01:15:10 am
content: I like that statement about closing the capability gaps.A couple of the large businesses that I have had something to do with this last 8 years or so in the US have made the move to Cadence as the package of choice. A big part of the reason is that they are going to spend millions on licensing pSpice no matter what. Cadence Allegro PCB then comes along for free so they look at the situation and decide to ditch whatever PCB package they have been using and save themselves a few million on another license spend. I know a small business still using Altium but that's because they don't need Spice. None of the larger ones except for some legacy stuff. I had a CM in here recently who stated that the preferred package is now Cadence. I'd be interested to know what went down in China but I wouldn't be surprised if there was not much interest in the tool for similar reasons.

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 01:18:26 am
content: Quote from: gregariz on April 30, 2014, 01:15:10 amCadence Allegro PCB is free?

author: IanB
author_rank: Super Contributor
timestamp: April 30, 2014, 01:31:30 am
content: Locating ones core R&D function in the USA makes good sense. However, the USA is too large to be "one country", and really works out to be "many local regions". People are not always keen to relocate from one region to another, especially if they are settled with family. San Diego is not bad as a tech location (I am based there), but at the same time it is not the center of the universe. I hope they have done their research.On the Cadence/pSpice subject, I can't imagine anyone today creating a circuit schematic without being able to simulate it and get the major wrinkles out of the design. If Altium doesn't have an integrated simulator, I have to suppose it should be high on their list of development items.

author: IanB
author_rank: Super Contributor
timestamp: April 30, 2014, 01:32:14 am
content: Quote from: EEVblog on April 30, 2014, 01:18:26 amSounds like it is free with a pSpice license...

author: GiskardReventlov
author_rank: Frequent Contributor
timestamp: April 30, 2014, 01:34:29 am
content: Loved that translation! Sadly it's probably all true. It's a corporate shell game. Guess where the losses are coming from? It gives them some plausible deniability later when they report their quarterly (or whatever) financial results. They'll be able to say that the move cost much more than anticipated due to unforseen ______________ (fill in the blank)And the CFO will wave their hands and spout some blah-blah-blah. It's a script they all work from.San Diego seems like a strange choice. Maybe just for the weather?

author: IanB
author_rank: Super Contributor
timestamp: April 30, 2014, 01:42:13 am
content: Quote from: GiskardReventlov on April 30, 2014, 01:34:29 amYes, it's a good choice for executives wanting a nice location.There is a fairly significant tech industry there too. Qualcomm is the biggest and most well known employer in the electro-tech field, but there are a fair number of other companies engaged in various software and other technology areas.

author: DerekG
author_rank: Frequent Contributor
timestamp: April 30, 2014, 01:44:00 am
content: Quote from: EEVblog on April 30, 2014, 01:00:17 amIt has been obvious since the 2011 move to China (from Altium's own annual reports to shareholders) that sales in the USA, EU & Oceania regions have well outstripped their sales in Asia.We all know why. The Directors of Altium never understood that the majority of software in most Asian countries is not purchased, it is simply downloaded from certain "free" sites.Whilst these Asian countries have few (or no) Copyright Laws, this trend will continue unabated. The last thing that Asian governments want is for their local corporations to be sending hard earned cash to far away foreign entities. This reduces profits & therefore reduces tax revenue.I believe these two icons best represent the management at Altiumand(currently going around in circles but soon to be scared of their shareholders wrath).

author: DrGeoff
author_rank: Frequent Contributor
timestamp: April 30, 2014, 01:52:01 am
content: Not surprising. Physical relocation is just stupid in a global marketplace. Provided you can attract and maintain the right talent (and they don't have to be in the same country, let alone city or building these days) then it would not matter if they were still located in Taswegia.I don't think any of those buildings on the edge of Garrigal have ever been tested in a firestorm. They will be in the next few years and I expect about half of them will be destroyed.

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 02:15:14 am
content: Quote from: IanB on April 30, 2014, 01:31:30 amMany people forget that Altium have packed up and moved to the USA before (silicon valley somewhere), with the idea that they needed "to be where the action is".It didn't work and they moved back to Sydney with their tails between their legs.

author: DerekG
author_rank: Frequent Contributor
timestamp: April 30, 2014, 02:26:52 am
content: Quote from: DrGeoff on April 30, 2014, 01:52:01 amQuite right.Just look at Google who manage their global search engine advertising machine from the low tax country of Ireland.And Microsoft who utilise The Netherlands for major tax advantages for their shareholders.And James Hardie Building Products who also utilise the Dutch Double Sandwich for tax reasons.The three above all have their major markets in other locations ...............Altium is just a slow learner ....................... well actually the question should be - Do they EVER learn?

author: DrGeoff
author_rank: Frequent Contributor
timestamp: April 30, 2014, 02:31:51 am
content: Quote from: DerekG on April 30, 2014, 02:26:52 amUnlikely. I think it's a case of management being attracted by shiny baubles again...

author: echen1024
author_rank: Super Contributor
timestamp: April 30, 2014, 02:38:41 am
content: Altium should be housed all in cargo containers, and just rent port-a-potties. Then, they could move every month, and just load everything onto ships.

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 02:39:29 am
content: Quote from: GiskardReventlov on April 30, 2014, 01:34:29 amThey had an office in Carlsbad, just north of San Diego. A couple of the core PCB guys have always worked there, and they refused to move to China. IIRC that office was just rented, so makes sense to move back to San Diego and base the core group back around those guys who they wouldn't want piss off. They didn't want to relocate before, and likely didn't again.Remember, the core PCB team is very small (like half a dozen), always has been, even at it's peak, that's no secret.

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 02:43:14 am
content: Quote from: DerekG on April 30, 2014, 01:44:00 amOh, they understood that very well, they just thought they could change that. Hence they joined an anti-piracy action groups or whatever it was, and joined the Chinese government in some wishy-washy attempt to legitise software purchases.The other plan was that whilst people would pay for the software, they would pay for training, so they pinned their hopes big by investing big in a triaing centre in China. I guess that never worked out either.

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 02:49:30 am
content: Quote from: DerekG on April 30, 2014, 02:26:52 amAltium have a big division in the Netherlands, the Tasking group they bought.They never made anything of that and it just limped along being a bit of a liability. They couldn't sack anyone apparently because of local laws.QuoteUnder Nick Martin it was plainly obvious to all that since they went public Altium never gave a rats arse about producing a really profitable company. They just kept chasing one silly visionary dream after the next, much to the annoyance of practically ever user who wasn't getting what they needed whilst Altium just pissed away the money on the latest dream that would change every 6 months.That's why the new management booted Martin out and are trying to (rightly) refocus on the core product.

author: gregariz
author_rank: Frequent Contributor
timestamp: April 30, 2014, 05:04:21 am
content: Quote from: EEVblog on April 30, 2014, 01:18:26 amWell, most of these big companies buy the full package under a company wide buy which usually means Cadence gets an obscene amount of money to give us everything. So if the interest of alot of the designers is spice and schematic entry, then the PCB side of things is sitting there doing nothing unless they use it. On top of that there are usually alot more designers using schematics and simulation than there are PCB layout guys so theres never a shortage of licenses for that. So more or less its free based on this company wide pricing model. As I said I've seen a couple big companies move to Cadence Allegro PCB for this reason - it just makes everyones life easier rather than having to run a different brand of schematic capture to the layout tool. I've never seen anyone use the Spice tool in Altium. I'm sure it works ok, but there must be some reason for that.

author: gregariz
author_rank: Frequent Contributor
timestamp: April 30, 2014, 05:10:54 am
content: Quote from: EEVblog on April 30, 2014, 02:39:29 amThe sand and surf for bottled air? That must have been Accel/Tango. Good for them, no-one in their right mind would leave Carlsbad for Shanghai. If they are going to pick a place in the US thats probably not a bad one. Alot of the hardware businesses moved from the valley down that way because of costs. Its expensive too now though.

author: tszaboo
author_rank: Super Contributor
timestamp: April 30, 2014, 01:51:09 pm
content: Quote from: EEVblog on April 30, 2014, 01:00:17 amSounds to me, like Altium is led by politicians. Anyway, every time I hear a company going to china for "local talents" (read as: people working for a bowl of rice a day) they usually realize, there are other cultural differences.

author: zapta
author_rank: Super Contributor
timestamp: April 30, 2014, 03:10:24 pm
content: Altium gossip is very popular in these forums. Is it because they are Australian? There is almost none about more popular companies like Cadsoft, Fluke, Atmel and Hakko.

author: rsjsouza
author_rank: Super Contributor
timestamp: April 30, 2014, 03:55:41 pm
content: Quote from: zapta on April 30, 2014, 03:10:24 pmThe owner of the forum used to work there, therefore he keeps up with the way the company is going.QuoteI am pretty sure it has the biggest growth, but very few folks buy software there (as well as in several other developing countries).

author: vk6zgo
author_rank: Super Contributor
timestamp: April 30, 2014, 04:29:21 pm
content: The biggest growth industry in Australian Business circles is Bullshit!!It has been since the pioneering work of Telecom Australia with "Vision 2000" back in the late 1980s!

author: free_electron
author_rank: Super Contributor
timestamp: April 30, 2014, 07:05:27 pm
content: Quote from: EEVblog on April 30, 2014, 01:00:17 amchinese programmers have no loyalty. they work somewhere to learn then go across the street for 1$ an hour more where they pull the same stunt until they open their own shop...another reason was that china was an emerging market and responsable for almost 95% of all illegal altium installations in the world. moving there got them firepower since they were now principally a chinese company. guess that bombed as well.

author: Wilksey
author_rank: Super Contributor
timestamp: April 30, 2014, 07:36:50 pm
content: Ho Lee fart nuggets, that is a massive building!Question, I assume you used to work in that building at one time Dave?If they make software why do they need such a massive place? I mean, I doubt they make PCB's or anything there surely?It does look like an awesome place to work in though, a very nice building indeed!

author: elgonzo
author_rank: Unknown
timestamp: April 30, 2014, 07:56:59 pm
content: The building does not look too massive, just three floors. However, the Altium annual report from June 2013 reports that at that time Altium had only 20 employees in Australia (vs. 365 employees globally). That sounds like a lot of empty spaces in that building...

author: DerekG
author_rank: Frequent Contributor
timestamp: April 30, 2014, 09:16:00 pm
content: Quote from: free_electron on April 30, 2014, 07:05:27 pmI would move too. That's a doubling of the guy's wages!Nick Martin (founding Protel/Altium CEO) did three smart things in his life and the Altium Board of Directors did one smart thing in their life;1/ Martin floated the company on the Australian Stock Exchange;2/ Martin held on to many of his Altium shares until 2 years after he was pushed from the Board.3/ The Altium board pushed Martin off the board in October 2012 (Martin was so unhappy at being pushed he demanded "the Altium board to convene a general meeting and gave notice that he intends to file shareholder resolutions to remove most of the sitting directors" -http://pcdandf.com/cms/designnews/9463-ousted-martin-to-altium-board-not-so-fast)http://pcdandf.com/cms/designnews/9443-end-of-an-era-martin-out-at-altium"According to PCD&F sources, certain Altium directors had privately been unhappy with Martin for some time over the financial performance of the company. Martin, however, was as tied to Altium as Steve Jobs was to Apple, having founded the company (then known as Protel) in 1985".4/ When Martin was pushed, Altium shares were worth just AUD$0.25ea;5/ Whilst absent from the company, shares rose to AUD$2.50ea which encouraged Martin to sell his shareholding in October 2013 for AUD$30.85 million.https://www.eevblog.com/forum/altium/altium-designer-new-pricing-model-and-high-end-low-end-tool-in-development/msg406199/#msg406199By removing Martin from the decision making processes, Martin has been able to retire a very wealthy man. Martin may hate the new Directors at Altium, but his wallet sure loves them to bits.

author: Wilksey
author_rank: Super Contributor
timestamp: April 30, 2014, 09:17:32 pm
content: Depends what size you are used to! Here in the UK the buildings are quite pissant compared to that one, its much bigger than the place I work at and we have 150 employees!Reminds me of something that may have once housed a google team!

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 09:34:30 pm
content: Quote from: zapta on April 30, 2014, 03:10:24 pmPeople have a soft spot for their favorite PCB package, and it helps that Altium has always been so hilariously funny and downright bizarre in the things that they do. Not to mention that it's been pissing off almost every customer since they floated. So yeah, you do stupid things, you get talked about.

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 09:36:03 pm
content: Quote from: rsjsouza on April 30, 2014, 03:55:41 pmI and countless others used to gossip about Altium on other forums long before I ever worked there.

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 09:37:37 pm
content: Quote from: elgonzo on April 30, 2014, 07:56:59 pmAccording to current gossip, there are less than a dozen people still working there.My campaign to have it turned into the worlds biggest hacker space failed.

author: DerekG
author_rank: Frequent Contributor
timestamp: April 30, 2014, 09:42:50 pm
content: Quote from: EEVblog on April 30, 2014, 09:37:37 pmThat's because I'm attempting to have it made into 5 star Back Packer accommodation

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 09:46:22 pm
content: Quote from: Wilksey on April 30, 2014, 07:36:50 pmYep, 2nd top floor with a view over the bushland.QuoteThey had a small scale production facility on part of the lower floor. And just before we left, ordered their own pick'n'place machine. But that was more for playing around with than serious work, as all Nanoboard assembly had long since been done in Shanghai. It was almost entirely programmers, sales people, support, marketing, management etc.QuoteYes, it was state of the art. My cubicle was large and had no less than 4 1Gbps ethernet ports. As did all the cubicles. Fully staffed and catered free canteen and other perks, very nice place to work.

author: EEVblog
author_rank: Unknown
timestamp: April 30, 2014, 09:50:01 pm
content: Quote from: DerekG on April 30, 2014, 09:16:00 pm$30M is nothing, he used to be worth a lot more. Altium floated at $2 15 years ago and rose to over $5 at one point. And he used to have a lot more shares back then.

author: gregariz
author_rank: Frequent Contributor
timestamp: April 30, 2014, 10:07:33 pm
content: Quote from: vk6zgo on April 30, 2014, 04:29:21 pmThere are no balls for industry anymore. Just when you think Australia couldn't lose any more industry it finds a way. I heard from the folks that SPC may be going to fail. They grow the stuff nearby and they can't stuff it in a tin?I guess they still make dogfood in Aus.

author: zapta
author_rank: Super Contributor
timestamp: April 30, 2014, 10:26:43 pm
content: Quote from: EEVblog on April 30, 2014, 09:34:30 pmI used their product about 10 years ago, I think, it was called Protel Pads or something like that. It did just layout and we used to export from Orcad. I remember that manual routing was very good and fun to use. Possibly the love/hate relationship with them is because most of us cannot afford their products and need to live with lesser ones.The professional EDA market is hard, especially for smaller players that needs to compete with the big boys. I spent a few years working on routing algorithms and most of my friends ended up at Cadance, through sequences of acquisitions. This is the typical 'exit' for EDA startups.

author: ludzinc
author_rank: Unknown
timestamp: May 01, 2014, 12:19:11 pm
content: My plebs at work just finished a 3 day training course with Alitum.Presenter mentioned ('I shouldn't be saying this but ...') that Altium were losing too many big defence contracts due to perceived security risks, being based in China.Could be complete bollocks, but it's too juicy a rumour to not share.

author: envisionelec
author_rank: Frequent Contributor
timestamp: May 01, 2014, 12:48:25 pm
content: Quote from: ludzinc on May 01, 2014, 12:19:11 pmMore likely than not. My employer's parent company does mostly military business and had to shed our division (with factories in China) to remain ITAR compliant.

author: koko79
author_rank: Contributor
timestamp: May 01, 2014, 01:18:40 pm
content: Surely the Altium bods would know that defence Companies would be put off by the China move?!

author: EEVblog
author_rank: Unknown
timestamp: May 01, 2014, 01:20:12 pm
content: Quote from: ludzinc on May 01, 2014, 12:19:11 pmNo, likely very real, been plenty of real concern about that on Altiums own forum since the China thing was announced.

author: Legit-Design
author_rank: Frequent Contributor
timestamp: May 01, 2014, 01:30:56 pm
content: Quote from: EEVblog on May 01, 2014, 01:20:12 pmNothing new really:http://www.theverge.com/2012/10/11/3488584/huawei-zte-us-government-security-investigationhttp://www.theverge.com/2012/10/8/3472316/huawei-zte-china-spying-house-intelligence-committee/in/3252625QuoteIf they don't trust Chinese made devices, then why would they trust Chinese made software that usually has to be connected to internet for licencing?

author: DerekG
author_rank: Frequent Contributor
timestamp: May 01, 2014, 01:41:48 pm
content: Quote from: EEVblog on May 01, 2014, 01:20:12 pmIt would appear that the Altium Board never completed a proper business plan if they knew this before the shift to China.Not only did they did not manage to pick up any significant customer numbers in Asia, they managed to piss off their high end paying customers in the west.Of course the board will now report to its shareholders that the reason for the shift back to the USA is to regain the support of its western customer base.

author: DerekG
author_rank: Frequent Contributor
timestamp: May 01, 2014, 01:48:14 pm
content: Quote from: ludzinc on May 01, 2014, 12:19:11 pmThe question is "What design software were these defence contractors moving across to?"Maybe we should be following them.

author: Marco
author_rank: Super Contributor
timestamp: May 01, 2014, 02:44:54 pm
content: Quote from: DerekG on April 30, 2014, 09:16:00 pmEverything's bubbling up, the fundamentals show no inflection point.

author: ludzinc
author_rank: Unknown
timestamp: May 02, 2014, 03:53:29 pm
content: Quote from: DerekG on May 01, 2014, 01:48:14 pmMentor Graphics is used often in Defence circles.Not for the hobbiest - first step is install a server....

author: T3sl4co1l
author_rank: Super Contributor
timestamp: May 02, 2014, 04:35:14 pm
content: Quote from: ludzinc on May 02, 2014, 03:53:29 pmFirst step is refund that shit, second step buy Altium, or anything else better.Tim

author: DavidDLC
author_rank: Frequent Contributor
timestamp: May 02, 2014, 05:09:23 pm
content: Quote from: GiskardReventlov on April 30, 2014, 01:34:29 amWell we have here Qualcomm, Broadcomm, Sony, HP, Intel, Microsfot (aka Nokia and the place I work for) to name some of the big companies.Weather is a big plus.Should I applied for a job at Altium

author: sacherjj
author_rank: Frequent Contributor
timestamp: May 02, 2014, 06:47:22 pm
content: Quote from: ludzinc on May 02, 2014, 03:53:29 pmThat was what most Defense folks that I talked to in the CID and CID+ classes used.

author: linux-works
author_rank: Super Contributor
timestamp: May 02, 2014, 08:50:21 pm
content: Quote from: GeoffS on April 30, 2014, 01:04:57 amI bet the constant spinning really made them dizzy.(sorry)

author: linux-works
author_rank: Super Contributor
timestamp: May 02, 2014, 08:58:11 pm
content: Quote from: free_electron on April 30, 2014, 07:05:27 pmhey, at this point, I am not aware of anyone that has company loyalty (other than guys who are freshers and just starting out). soon, they all realize that we are 'resources' (meat popsicles) and that the company will let us go in a minute if they no longer see the profit in keeping us on. been thru my share of layoffs when the company didn't make its numbers. there is zero loyalty left with older employees who have been thru even 1 layoff.this is not unique to china. if some company offers me more money, THAT is what its about and I'll go in a minute, just like the company will let me go in a minute if it suits them.this is not your grandfather's world anymore. people are disposable (that's how companies think) and so loyalty does not exist anymore. maybe in the mind of HR and 'younger players' but no one else.

author: vk6zgo
author_rank: Super Contributor
timestamp: May 02, 2014, 10:23:47 pm
content: Quote from: linux-works on May 02, 2014, 08:50:21 pmDunno,it doesn't worry Alaskans!

author: EEVblog
author_rank: Unknown
timestamp: May 03, 2014, 03:58:50 am
content: Quote from: DerekG on May 01, 2014, 01:48:14 pmThey probably didn't. Simple stopped paying support and upgrading, and just stuck with an old "non-china" version.

author: DerekG
author_rank: Frequent Contributor
timestamp: May 03, 2014, 04:16:05 am
content: Quote from: EEVblog on May 03, 2014, 03:58:50 amSo that begs the question: Now that Altium is moving back to the USA, will the defence contractors once again upgrade & take the annual subscription .............. or does the software already do pretty much everything they want it do, in which case they won't be tempted to jump onto the upgrade/subscription merry-go-round for a second time?

author: EEVblog
author_rank: Unknown
timestamp: May 03, 2014, 04:24:37 am
content: Quote from: DerekG on May 03, 2014, 04:16:05 amYes, they will. Because big companies have annual budget for this kind of stuff. The issue when they were in China is that the company policy wouldn't allow them to deal with such a company, so they would have been forced to lock in an older version.

author: CHexclaim
author_rank: Regular Contributor
timestamp: May 07, 2014, 01:15:37 pm
content: Quote from: EEVblog on April 30, 2014, 12:46:17 amDave, on todays business model, do you think this will be their last relocation or will they keep with their hermit quest for survival?

author: EEVblog
author_rank: Unknown
timestamp: May 07, 2014, 01:33:25 pm
content: Quote from: CHexclaim on May 07, 2014, 01:15:37 pmBased on past history, you'd have to give them another two years, just like I did with China and was virtually spot-on. But China was just crazy from the get-go, they had no chance there.But the old CEO who called ALL the shots is now gone for good, so maybe they won't chop and change as much. Certainly not in the product direction part, they are more focused now, and I expect that to only get better as they slowly drop all the stuff they know is useless.They still have the huge empty building in Sydney (I think they wrote off the long lease, but I'm not entirely sure of the financials of that), their business can ultimately be run from anywhere, and there are some aussies still left there high up, so moving back to Oz is still a very distinct possibility in a few years.

author: DerekG
author_rank: Frequent Contributor
timestamp: May 08, 2014, 02:13:41 am
content: Quote from: EEVblog on May 07, 2014, 01:33:25 pmI've heard that Altium's Ukraine software engineers have had a change of mind this past month & now all of them want to immigrate to either the USA or Australia on tomorrow's plane.They have even offered Altium to do take the relocation without removal expenses .............. they are willing to leave with just their backpacks.

author: EEVblog
author_rank: Unknown
timestamp: May 08, 2014, 02:34:56 am
content: Quote from: DerekG on May 08, 2014, 02:13:41 amThat wouldn't surprise me given the current situation. If you have a company that can get you out of there, even for a few years, well worth it.