Web software developer Spyglass is looking to a former Sun Microsystems executive to help reverse the trend of a disappointing fourth quarter.
Net income was down to $1 million from almost $1.2 million in the same quarter last year. However, the Q4 figures may be just a blip. For the whole fiscal year, revenues were up 84 per cent to $22.3 million and net income was $3.5 million, a jump of 59 per cent over last year.
The role of executive vice president of development and services was especially created for newcomer Rich Houle, who was director of systems engineering at Sun. He will be responsible for product development and customer support. These are areas that are seen as critical to ensure that the company keeps growing.
Spyglass is well known for developing its own version of the Mosiac Web browser. Over the next year it expects to double the size of its research and development team and increase customer service offerings. Special focus will be put on the Internet devices market, said president and chief executive Doug Colberth.
The company has also announced it has licensed its Web Client Software Development Kit to global cable TV services provider Worldgate Communications. Worldgate will embed Mosaic in cable set-top boxes. The TV online service will provide access to the Web and email as well as chat and newsgroups around the world.
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