York has some serious engineering problems. The UPG products need new designs to replace some of the 10 to 30 year old products as quickly as possible. UPG has to meet new energy requirements that go into effect Oct. 2001 and are way behind in developing and upgrading products. The engineering department is losing their top designers and enginneers because of poor salaries compared to other industries. As for leadership, there is none. They need to get rid of the deadwood in middle management and employees to spend the money on top leaders, engineers and engineering support. York has become the laughing stock in salaries to "make the stockholders happy".You can calulate and believe in the stock numbers all you want because York does all it can to look good for stockholders. Until York holds on to some profits to invest in captal equipment impovements, they will be lack luster in performance. The company needs to invest in the long term and not the short term for get rich quick investers.
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