Digital Broadcasters Vendor News could not believe a press release dated January 31, 2007 from Harmonic Inc. (NASDAQ: HLIT) on a routine sale of digital MPEG-4 encoders to PCCW Hong Kong (0008.HK).
The release attributes a comment to a Mr Dominic Leung, Managing Director, Television & Content at PCCW.
Now call us old fashioned if you like. But for us, a "Managing Director" is head of a firm with major decision making powers. But head of a department or division? In this case, to be named Managing Director of a division, beggers belief.
Come off it Hong Kong PCCW you are viewed negatively enough by your shareholders. Why do you like to irritate everyone further by your larger than life job titles?
Or has Digital Broadcasters Vendor News got it all wrong and Mr Leung is soon to rise to the number one spot at PCCW Hong Kong?