Light Reading
Xalted Networks has cut about 60 percent of its staff in the past six months

Xalted Axes Staff

Light Reading
News Analysis
Light Reading
3/14/2002
50%
50%

Plano, Texas-based Xalted Networks Inc. continues to shed staff as it struggles to complete a second round of funding.

The telecom equipment maker that once employed some 130 people now has a headcount of 52, according to sources close to the company. Xalted cut about 30 jobs in the second half of 2001. It cut another 48 jobs earlier this month and did not offer those employees a severance package, according to some who were let go.

Xalted board member Eric Zimits, a managing director at Granite Ventures LLC, confirms the layoffs but says he's not sure of the exact number let go.

Getting a product to market with a smaller staff is just one of Xalted's challenges. The company was once building what it called an optical access router, a box meant to replace digital loop carriers by offering broadband data services and traditional voice services over a service provider's existing copper and fiber facilities.

The product, however, still has not entered planned trials with e.spire Communications Inc. (Nasdaq: ESPI) and XO Communications Inc. (OTC: XOXO) and the company seems to be several months away from booking significant revenues, Light Reading has learned.

In order to get additional support from its VCs, Xalted has adopted several measures to cut its burn rate significantly, including moving its software development to India, say sources close to company founder Bob Kondamoori.

"[Xalted] is just entering its beta phase right now so it's still early on," says Zimits. "Any changes to features and product direction and things like that will be subtle. It's what you'd expect in building this sort of broadband access product in this market."

In late February, the company brought in Allen Adams, the former senior VP of strategic planning and business development at DSC [now Alcatel SA (NYSE: ALA; Paris: CGEP:PA)], to serve as interim CEO. Adams, however, never officially took the top job. "Allen was doing some work for the company, and now he's not as active as he was, but I think he still wants to the company to succeed," says Zimits.

Prior to that, Pat Rockford, Xalted's VP of sales, left the company to join Photuris Inc., another startup. Though Rockford left weeks ago, Xalted managers maintained that he was on a leave of absence until recently, according to sources familiar with the situation.

In September 2001, Xalted announced it closed an "oversubscribed" $21 million Series A round (see Xalted Raises $21 Million). Its investors include BlueStream Ventures, Granite Ventures, Charter Venture Capital and Alliance Ventures. At that time, the company said it was in the process of raising its Series B round, which was expected to close by the end of 2001.

In February 2002, the Dallas Business Journal reported that Xalted had closed another $10 million round. Zimits says the company's existing investors put up $10 million and Xalted is still looking for another $15 million elsewhere to complete the second round.

Xalted's managers declined to comment for this article. "We can't comment on anything until after we issue the press release that we're putting out on Friday," says Keith Bradshaw, Xalted's director of marketing and product management.

— Phil Harvey, Senior Editor, Light Reading
http://www.lightreading.com

(3)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
LightMan
50%
50%
LightMan,
User Rank: Light Beer
12/4/2012 | 10:47:51 PM
re: Xalted Axes Staff
for a smaller sign...Seems like everyone in Dallas viewed the monster sign and prime tollway realestate as more sizzle than steak...

Also I believe there is some sort of mandatory severance for companies who layoff more than 50% of their workforce in less than 6 months. Don't know the details though.

LightMan
www.thesoftwareprompt.com
stuartb
50%
50%
stuartb,
User Rank: Light Beer
12/4/2012 | 10:47:48 PM
re: Xalted Axes Staff
It's not surprising that Xalted is having difficulties. Their management little to no startup experience. Any investoor would be wary of that.

-Stu
LightMan
50%
50%
LightMan,
User Rank: Light Beer
12/4/2012 | 10:47:47 PM
re: Xalted Axes Staff
If you are interested in a presentation which the CTO gave to the Dallas chapter of IEEE - here is the link:

http://www.cvt-dallas.org/pres...

To me it sounds like a reasonable vision, maybe a bit to early for the RBOC's to bite off yet?

LightMan
www.thesoftwareprompt.com
Flash Poll
From The Founder
It's clear to me that the communications industry is divided into two types of people, and only one is living in the real world.
LRTV Custom TV
Advantech Accelerates 100G Traffic Handling

10|17|14   |   7:56   |   (0) comments


Paul Stevens from Advantech explains why handling 100GbE needs a whole new platform design approach and how Advantech is addressing the needs of equipment providers and carriers to give them the flexibility and performance they will need for SDN and NFV deployment.
LRTV Huawei Video Resource Center
Holland's Imtech Traffic & Infra Discusses Huawei's ICT Solution and Services

10|16|14   |   4:49   |   (0) comments


Dimitry Theebe is from the business unit at Imtech Traffic & Infra which delivers communications solutions for transportations. His partnershp with Huawei began about a years ago. In this video, Theebe speaks more about this partnership and what he hopes to accomplish with Huawei.
LRTV Huawei Video Resource Center
Huawei's Comprehensive Storage Solutions Vital for SVR

10|16|14   |   6:16   |   (0) comments


SVR Information Technology provides cloud services for academic and special sectors. With Huawei's support, SVR and Yildiz Technical University has established Turkey's largest and most advanced High Performance Computing system. CSO Ismail Cem Aslan talks about what he hopes Huawei's OceanStor storage system will bring for him.
LRTV Huawei Video Resource Center
Mexico's Servitron's Impression of Huawei at CCW 2014

10|16|14   |   6:35   |   (0) comments


Servitron is a network operator in Mexico that has been in the trunking industry for the past 20 years. Its COO, Ing. Ragnar Trillo O., explains at Critical Communications World 2014 that his company has been interested in the long-term evolution of LTE technology and its adoption for TETRA.
LRTV Huawei Video Resource Center
Building a Better Dubai

10|16|14   |   2:06   |   (0) comments


Abdulla Ahmed Al Falasi is the director of commercial affairs, a telecommunications coordinator for the government of Dubai. Their areas of service span across multiple industries, including police, safety, shopping malls and more. In this video, Abdulla talks about his department's work with Huawei.
LRTV Huawei Video Resource Center
Huawei Lights Up Malaysia Partner Maju Nusa

10|16|14   |   1:59   |   (0) comments


Malaysia's Maju Nusa is an enterprise partner to Huawei in networking, route switches and telco equipment. At this year's Critical Communications World in Singapore, CTO Pushpender Singh talks about what Huawei's eLTE solutions mean to his company and for Malaysia.
LRTV Custom TV
Evolving From HFC to FTTH Networks

10|15|14   |   2:19   |   (0) comments


Cisco's Todd McCrum delves into the future of cable's HFC plant, examining how DOCSIS 3.1 and advanced video compression will extend its life and how the IP video transition will usher in GPON and EPON over FTTH.
LRTV Custom TV
Exploring the Future of Cable Access

10|15|14   |   6:23   |   (0) comments


Cisco's Brett Wingo looks at where cable access architectures are heading, discussing the impact of DOCSIS 3.1, CCAP, Remote PHY, SDN, virtualization of cable networks and related technologies.
LRTV Custom TV
Optimizing & Monetizing WiFi

10|15|14   |   5:53   |   (0) comments


Cisco's Vince Pandolfi outlines the reasons for cable WiFi's rapid growth, lays out the issues with the technology and explains the new Cisco tools that can help operators monitor and improve their WiFi delivery.
LRTV Huawei Video Resource Center
Emulex & Huawei Collaboration Mutually Beneficial

10|14|14   |   4:17   |   (0) comments


US company Emulex collaborates with Huawei in areas such as blade servers and workload documentation. Mike Heumann of Emulex believes that Huawei has done incredibly well moving from a telecom company into servers and networks, working closely with customers to realize their needs.
LRTV Huawei Video Resource Center
Chile's VZION Looks Forward to Seeing More of Huawei

10|14|14   |   4:43   |   (0) comments


VZION is a systems integrator company in Chile with a focus on virtulization technology. In this video, Cesar Alcacibar talks about the challenges in virtualization and how Huawei helps his company to achieve the best results possible. Alcacibar is expecting more adoption and integration of Huawei technologies in Chile.
LRTV Huawei Video Resource Center
Pro-Datech & Huawei for a High-Tech Singapore

10|14|14   |   2:59   |   (0) comments


Pro-Datech Systems is a specialty IT solution provider based in Singapore. For an added value to its customers, the company uses Huawei's hardware and trusted performance and features for a total solution. It's looking forward to the creation of a lab, to be based in Singapore, for the two companies' coorporation on total storage solution.
Upcoming Live Events
October 29, 2014, New York City
November 6, 2014, Santa Clara
November 11, 2014, Atlanta, GA
December 2, 2014, New York City
December 3, 2014, New York City
December 9-10, 2014, Reykjavik, Iceland
June 9-10, 2015, Chicago, IL
Infographics
WhoIsHostingThis.com presents six of the world's most extreme WiFi hotspots, enabling the most epic selfies you can imagine.
Hot Topics
Forget the Internet, Brace for Skynet
Stephen Saunders, 10/15/2014
HBO Will Go OTT in 2015
Mari Silbey, Independent Technology Editor, 10/15/2014
Google: Carriers & Cloud Providers Need to Cooperate
Mitch Wagner, West Coast Bureau Chief, Light Reading, 10/16/2014
CBS Takes OTT Plunge
Mari Silbey, Independent Technology Editor, 10/16/2014
Could Data Be the New 'Currency'?
Ray Le Maistre, Editor-in-chief, 10/16/2014
Like Us on Facebook
Twitter Feed