Bay Networks? recently appointed chief executive, David House, will restart the company under new management as it expects poor results this year, its chief financial officer admitted this week.
CFO David Rynne said Bay?s turnover will be flat this year, despite the boom in the networking industry. "We?re only slightly ahead, so we will change. David [House] is in the process of bringing in a new team of high-level management."
Among the changes Rynne hinted at, Bay will set new spending targets, make 200 staff redundant and cut its fixed asset expenditure on buildings to improve its balance sheet. "Since November we?ve also introduced listening programmes for customers and restructured - we had one monolithic development group and now we have nine divisions."
Speaking at the Hambrecht and Quist Technology Conference in San Francisco, Rynne admitted Wellfleet and Synoptics never merged properly at first - they kept separate mission statements and sales teams. "We?re still better known as the constituent parts," he said. "One of the challenges is to create a Bay brand."
Bay will concentrate on future products, including its Autosense switch and a routing switch that delivers low latency and wire speed at layer two and three switching.
Kicking Palantir off of AWS is among their demands, too
Rafaela Vasquez was watching The Voice at the time of the crash, new evidence shows
PUBG price slashed on Steam after selling more than 50 million copies - as daily player numbers plunge
Use the same password for every website? It might be time to change them all