Bay managed to rescue its parlous financial situation in its third quarter, achieving break-even, despite restructuring charges. Without last quarter's reorganisation, it would have made a profit.
That news came on a generally bad day for networking companies. Cisco lost nearly $3.50 off its share price on analyst speculation that IP switching would not be the bonanza investors had first thought.
Bay turned over $512.9 million in its third quarter. Staff lay-offs accounted for a one-off charge of $32.2 million last quarter. Without this, the company's profit would have been $20.7 million
David House, chief executive of Bay, told its shareholders: ?We have seen improving fundamentals in sales, marketing and product development. The company is now looking towards making switching technology its favourite."
Steve Jenkins, managing director of Bay Networks UK, agreed the company was switching its focus. ?Analysts are saying there?s good growth in switching. People are looking at more bandwidth and that means strong growth in the switching arena. The router side is beginning to stabilise. The market generally is going more towards switching but we won?t ignore the router market," he commented. The move was away from what he called ?proprietary systems? on routers, he added.
In further moves in the increasingly competitive networking market, Cisco has revealed two access control servers aimed at both Unix and the burgeoning NT market.
The kit is aimed at dial access networks and includes multiuser Java management and configuration tools.
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