Can you imagine the nation's Taco Bells recast as Snails-to-Go? Okay, we'll fess up. We were just looking for an excuse to bag work and spend the afternoon at el cantina, sipping tequilas and noshing on chorizo-filled sopes and making fun of the French. [Ed. note: Will you please shut up?]
Ah, OK. We'll raise a glass to our Mexican brethren (and sistern) a bit later. For now, let's have a peek at the ongoing battle to survive the telecom recession by glancing at this week's hirings, firings, and other employment news:
"Our most recent forecasts for the metro space, for example, are frankly abysmal, and there was nothing worthwhile to say about long-haul or switching either," writes Gasman. Well, if you can’t say something nice...
The analysts covering those areas -- Mark Lutkowitz and Sam Greenholtz, have amicably left and started their own analysis/consulting practice: Lutkowitz, Greenholtz, Schfvilkus, and Ganectabazoids. Okay, we're joshing. Actually, the new company is called Telecom Pragmatics Inc. Meanwhile, CIR will still be covering access and components and other, less ghastly areas.
Here's what our sources have been saying: Polaris cut 20 percent of its staff last week, taking its total headcount down to about 65 people. Rumor has it that founder Vu Nguyen has either left or, at the very least, relinquished his role as VP of engineering. This, if all true, can't be good for Polaris, which also may be reeling from a recent lab trial postponement at AT&T Corp. (NYSE: T) (see AT&T Shelves Grooming Test). But at least the company is being guided by the steady hand of Surya Panditi, who did so well in steering his last company (Convergent Networks Inc.) into a new market that it can now almost fit in the same carpool when riding to work. Beep! Beep!
It's almost time for a siesta. But before we go, here's a summary of other industry appointments (and disappointments) from the past several days:
- GlobalX Rearranges Chairs
- XO Hires GlobalX-er as CEO
- Transparent Networks to Liquidate
- Lucent Retirees Ask Questions
- Infineon to Cut 900 Jobs
- Alcatel Losses Down, Outlook Drab
- Corvis Having a Rough Week
- JDSU Reports $137M Q3 Loss
- Chambers Attacks Accounting Plans
— Phil Harvey and Marguerite Reardon, Senior Editors, Light Reading