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Optical/IP

Headcount: Happy Birthday!

Light Reading is often chastised for being immature. We can't argue. We just turned three years old.

Yes. It's true. Only three years ago, this site was but a gleam in the eyes of Steve Saunders and Peter Heywood, who, after a night of drinking, gave birth to the Greatest Website on Earth.

Headcount is proud to hitch up its Pampers and carry on, as Light Reading goes toddling into its third year. Please feel free to post a birthday greeting on the message board below. And, while you're trying to think up something witty, or something that rhymes with "three" (try "marquee," "carefree," or "manatee"), we'll review some of the past week's most interesting hirings and firings:

  • Digital Lightwave Inc. (Nasdaq: DIGL) cut about 83 jobs from its workforce in January, according to Securities and Exchange Commission (SEC) filings. The reductions leave the company with somewhere between 100 and 111 employees. The company will take a $1 million charge against earnings, and it expects to realize an annual savings of about $5 million from the cuts.

  • Frank Galuppo, acting president of Lucent Technologies Inc.'s (NYSE: LU) optical networking group, has retired, according to a Lucent spokesperson. Galuppo had been with Lucent, in all its different iterations, since 1964. Galuppo held his role of optical networking boss since October 2002, when Tim Sullivan resigned the post. Lucent says the general managers who once reported to Galuppo will now report directly to Janet Davidson, president of Lucent's integrated network solutions group (see Lucent Optical Boss Leaves).

  • Things are looking up for Corona Networks Inc., according to Headcount sources. The company did temporarily close in December, and its North Carolina facility was shut down for good. However, thanks to some support from New Enterprise Associates (NEA), Corona opened again on January 6 and is still working towards developing an IP edge routing card for Alcatel SA (NYSE: ALA; Paris: CGEP:PA). According to our source, the company employs about 50 people and plans to go out and raise a Series D financing round as soon as it finalizes the deal with Alcatel.

  • Azanda Network Devices has added Dennis Barsema to its board of directors. Barsema is also chairman of the board at Onetta Inc. and is on the board of directors for Tahoe Networks and Northern Illinois University Foundation. He was once thought to be a shoo-in as Tahoe's next CEO, but Barsema told Headcount in January that he's just taking a hands-on role until the company completes its CEO search.

  • The latest word on Cenix Inc., from a former employee, is that the company's California facility has been closed. Rumor has it that Cenix's Pennsylvania office, intellectual property, and selected personnel may soon be acquired by another company. Headcount has no confirmation of that as of yet, but we'll let you know what turns up.

  • Optical subsystems maker C Speed Corp. dissolved in December, but was reborn to form Adtall Inc. (see Mississippi Spurning). But is the company about to change its name again? Headcount asks because Adtall has registered the www.nanogear.com Web address, and the administrator who registered it has a C-Speed email handle. Looks like some companies never die -- they just get smaller. (Get it? Nano? Smaller?)

  • Vivace Networks has confirmed that it has made some staff cuts, but won't say how many jobs were affected. Anyone care to guess?

    Here's a summary of other industry appointments (and disappointments) and other employment news from the past several days:

  • Tellabs CFO Resigns
  • Sprint Faces Management Muddle
  • John Major Joins Broadcom Board
  • AT&T Appoints Roos NY State Prez
  • Agere's Opto Group Reborn
  • Corvis Makes More Cuts
  • SVP, UC Berkeley Teach ABCs That's all for now. We're off to go have some birthday cake and chocolate milk shots. If we missed anything, send a tip to [email protected]. Tips that contribute to a story or item could earn you a Light Reading T-shirt. Or a poke in the eye. But probably a shirt.

    — Phil Harvey and Marguerite Reardon, Senior Editors, Light Reading
    www.lightreading.com
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    indsavvy 12/5/2012 | 12:43:18 AM
    re: Headcount: Happy Birthday! So, I'll try again. Anybody know any details about Vivace's layoffs? Sounds like they're being very secretive. Is this some strategic trimming or really the start of the end?
    M. Yost 12/5/2012 | 12:43:14 AM
    re: Headcount: Happy Birthday! I heard a rumor that Maple Optical System closed the door last week, dose anyone have detail infomation?
    Fiberjake 12/5/2012 | 12:43:14 AM
    re: Headcount: Happy Birthday! Any information on how Procket is doing? A friend of mine who works for Procket (she is a designer) says thier Managment has told them they have more customers than they know what to do with. Any truth to this, or is managment pulling everyone's leg ??

    Thanks
    Fiberjake
    DCITDave 12/5/2012 | 12:43:14 AM
    re: Headcount: Happy Birthday! We're checking on it. Nothing to report as of yet.

    Cheers,
    ph
    skeptic 12/5/2012 | 12:43:13 AM
    re: Headcount: Happy Birthday! Any information on how Procket is doing? A friend of mine who works for Procket (she is a designer) says thier Managment has told them they have more customers than they know what to do with.
    -----------------
    Somehow in the current economy, I kind of
    doubt that. It could be that they are talking
    to more people than they have management bandwidth
    to deal with, but thats not the same as having
    customers pushing on the door. Or it could be
    pure internal hype.

    Procket is supposed to be getting ready to come
    out of stealth with product annoucements and
    the like. They still have lots of cash, but
    there are conflicting reports on the exact
    number.
    DCITDave 12/5/2012 | 12:43:13 AM
    re: Headcount: Happy Birthday! With today's smaller staffs, "more customers than they know what to do with" could mean as few as one or two...

    But I don't know. Perhaps Tony Li will see this note and post a reply. We're pretty sure he's still there. :)

    ph
    the_lord 12/5/2012 | 12:43:13 AM
    re: Headcount: Happy Birthday! fiberjake,

    You seem to post the same query about Procket once a week??!?!

    What is your motivation?

    One may be suspicous, and presume that you are a mole? But, we would have to wait for Anderson to tell us!!! ;-)


    Spaz 12/5/2012 | 12:43:11 AM
    re: Headcount: Happy Birthday! Phil Harvey wrote:

    We're checking on it. Nothing to report as of yet.

    Cheers,
    ph
    ------------------------------------------------
    Oh, they're closed all right. You just might be having trouble finding anybody to talk to. They paid everybody through the end of last week. They have also told their vendors it's over. It doesn't get any more final than that.

    Spaz
    drone387 12/5/2012 | 12:43:10 AM
    re: Headcount: Happy Birthday! "Seems that Raza Foundries is about to become Raza Microelectronics...

    [snip]

    anyone care to comment

    xos"

    The inside joke was that the RFI building at the corner of 1st & Montague was like the Monty Python castle built in the middle of the swamp. It looks like the castle sunk again and the owner is going to build another one on top of it. :)
    xos 12/5/2012 | 12:43:10 AM
    re: Headcount: Happy Birthday! Seems that Raza Foundries is about to become Raza Microelectronics...

    fold up all startups in its portfolio into its fold.. was rumoured shutdown of Maple part of this plan...

    Recent article on the deal refers to this plan:

    http://www.thedeal.com/NASApp/...

    anyone care to comment

    xos
    Page 1 / 7   >   >>
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