Informix' chief executive admits he cannot yet state that the company's financial problems are over.
Robert Finocchio said yesterday that, although he believes the database supplier now has its expenses under control, Informix' troubles are not fully behind them yet.
The move follows the surprise announcement of a small fourth quarter profit by the troubled vendor a couple of weeks ago as well as higher than expected revenues.
Finocchio said: ?I told the board that if I ever say that the company has turned around they should fire me...I don?t want to turn the company around because I don?t want Informix to be where it was...[But] it?s very hard to predict top line growth...We still have customers, who have put us on hold.?
He added that he had discontinued the highly touted, but expensive superstore product demonstration centres and sold off the company?s old office building in Silicon Valley.
Informix? survival plan, he continued, was to focus on high end online transaction processing, data warehousing and Web and content management. The firm would continue to sell its workgroup products too, but would not set itself up as a rival to Microsoft because, like everyone else, it was unlikely to win in the low end space.
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