TMWD

[la-onda]

New CEO:
Tumbleweed Names Craig Brennan President and CEO; Software Industry Veteran Will Focus on Customers, Revenue Growth and Shareholder Value

Tuesday , July 05, 2005 16:03 ET

REDWOOD CITY, Calif., Jul 05, 2005 (BUSINESS WIRE) --Tumbleweed(R) Communications Corp. (Nasdaq:TMWD), a leading provider of email security, file transfer security, and identity validation software and appliances, today announced that its Board of Directors has unanimously named Craig D. Brennan as president and chief executive officer, effective immediately. Brennan has also been elected to serve as Chairman of the Board of Directors. Brennan succeeds Jeffrey C. Smith, who steps down as president, CEO and Chairman. Smith will remain on the board and serve as a special advisor to the new CEO.

"I'm very pleased that Craig Brennan has agreed to join Tumbleweed as its new CEO," said Deborah D. Rieman, a Tumbleweed Board Member. "We believe our market is entering a high-growth phase, so in our search we were looking for a leader with demonstrated success in building competitive, growth-oriented business organizations. Craig is that leader."

Brennan brings two decades of experience in the enterprise software arena to his new position. Most recently, Brennan served as president and CEO of Brio Software Inc., a $100+ million publicly traded enterprise software company. While at Brio, Brennan led a company-wide transformation. He returned the company to profitable growth, resulting in the best overall operating performance for the company. Prior to Brio, Brennan held leadership positions at Oracle Corporation, where he served as senior vice president of the Customer Relationship Management Group, and Deloitte Consulting, where he built and led the Siebel-CRM practice. Brennan earned an MBA from Northwestern University's Kellogg School of Management, and a BA from the University of Michigan.
"Tumbleweed is the gold standard in the messaging security industry, consistently delivering powerful products for trusted business communication," said Brennan. "I am excited to be joining a company so rich in technology and industry leading products, and I look forward to working with this outstanding team to accelerate Tumbleweed's growth and long-term profitability."
In January this year, Smith, who co-founded Tumbleweed and has served as CEO since 1993, announced that he would step down as the company's president and chief executive when a successor was appointed. He will continue to serve on the Board of Directors, and will act as an advisor to the incoming CEO.
Christopher H. Greendale, a Tumbleweed Board Member, said, "The Board wants to thank Jeff Smith for his commitment, leadership and innovation as Tumbleweed's CEO for the past twelve years. His early vision of email as the strategic B2B platform for conducting business transactions was dead-on, and the resulting solutions provided by Tumbleweed have helped shape how organizations do business over the Internet."
"I'm thrilled to have someone of Craig's experience and ability to lead the company to the next phase," said Smith. "Since announcing my decision to step down as CEO, I've been committed to ensuring that we find a new CEO who has just the right combination of experience, acumen and leadership. With Craig's appointment, I'm confident that Tumbleweed is in very capable hands."

In his last job @ BRIO he reorganized BRIO and this company was sold to Hyperion Software.

Insider buying:
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3562199

Analysts:
http://www.knobias.com/individual/public/news.htm?eid=3.1.c477fab10db1e956bfeb3b5342630da27218451c20d0b8a53b81e470f40d5cfe

Kaufman price target: 6.75$

Should be a good investment after pullback

[AussieTrader]

TMWD keeps appearing on all my filters and screens today

[steven]

Check out the 30 day chart for AVAN.  I bought in at $1.25  It looks set to move.
Any Thoughts?

http://www.stock100.com/plotForecast.asp?symbol=avan&=Submit&history=200&future=30

[la-onda]

06-Jul-05 09:44 ET In Play Tumbleweed Communications: We are aggressive buyers at this price, tgt $6.75 - Kaufman (TMWD) 2.67 +0.07 : Kaufman notes that TMWD's board unanimously named Craig D. Brennan as president, chairman, and CEO, saying he has a strong sales and marketing background and recently served as CEO of Brio Software, a $100+ mln publicly traded co where he was able to reduce operational expenditures by nearly half, and simultaneously grow rev to return the co to profitable growth, despite having to compete against much larger corporations such as SAP, Oracle (ORCL), and Cognos (COGN). Firm believes Craig Brennan was attracted to Tumbleweed because of the growth capability of the fragmented market that the co is in. Firm says they are aggressive buyers of the stock at this price, reits Buy with $6.75 tgt.

[la-onda]

still above 200MA and 40MA, price  target 8.75$
(please scroll charts to the right)
comments and feedback are appreciated
I have bought some @ 2.85

[AussieTrader]

I have a position. Positive news, broker pumping, support from the 200EMA. I think this has only 1 direction to go.
Mike

[la-onda]

update chart from FRIDAY
it's a buy !!!

[la-onda]

there is only one direction for TMWD

[catrader]

still a buy at $3.13 or you think wait for a pullback?

[la-onda]

 

my personal price target is much higher

check the charts from my former postings:

[catrader]

is cdss a similar play to tmwd?  still under $1.00 for that one.  Might get into tmwd getting behind the new ceo.  guess it wil take time to get boughout probably.

[catrader]

tmwd will anounce earnings on jul 26

[la-onda]

stock option update:

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574638
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574590
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574598
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574610
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574621
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3574624

updated chart:

[la-onda]

updated chart:

[AussieTrader]

Earnings today, haven't decided if sell or hold, usually prefer to watch from the sidelines