Pros
InnoPath had signficant potential in the mobile space. It has a relatively strong presence on the carrier side as well as the handset side. It also has reasonable IP & dedicated employees. It has potential which it needs to exploit.
Cons
The company is driven from the top by the CEO. He is a complete micro-manager, even though he claims that he wants to let go. Additionally, he has a temper which has manifested itself on many occasions. The exec staff is not cohesive & tends to be disfunctional as a result. Because the fear that the CEO instills in the organization, his VPs are unwilling to stand up to do the correct thing for the business. The CEO also believes that he is a subject matter expert in all areas - engineering, marketing, HR, sales, and operations. He has overrriden his organization multiple times with little information; this has sometimes had disastrous results.
The exec staff, particularly the CTO, is quite political. The CEO allows this type of behavior and on occasion fosters it.
ICs tend to be demoralized because of years of promises of doing an IPO. Fostering this have been promises of salary increases but most people have not seen an increase in 3+ years.