So here's a roundup of recent hirings and firings -- free for the taking:
Corona was close to selling itself to Zhone Technologies Inc., a deal that was suggested by New Enterprise Associates (NEA), an investor in both companies, sources say. They claim a new term sheet was making the rounds and Zhone managers were already kicking tires and deciding which Corona folks they should keep. However, Corona was also working to close a technology development deal with Alcatel SA (NYSE: ALA; Paris: CGEP:PA), similar to the one Redback Networks Inc. (Nasdaq: RBAK) nearly nabbed some time ago (see Redback, Alcatel Close to Alliance).
Evidently, something went awry and sources say Corona asked the Zhone folks to leave, at which point Zhone pulled the plug on its offer. Now Corona has no birds in hand and none in the bush, either. Will NEA figure out a way to patch things up? Will Corona be forced to go it alone? Unfortunately, the folks from Corona and NEA are dodging calls, but neither side can hide from Headcount's sources. Stay tuned.
Headcount wonders if Doug will miss carrying EIR business cards from two different firms, which gave him better odds at winning the weekly free lunch drawing at area delis.
The reality is a tad less dramatic. In July, Juniper said it would cut 10 percent of the combined Juniper/Unisphere entity. The combined company employed about 1,800 people, Juniper says.
On its last earnings call, Juniper announced a headcount of 1,658, a figure it said would remain flat. Despite what Juniper said on its call, the company could still cut another 40 or so jobs and stay within its original guidance.
Ah, there's a comforting bit of math for a Monday. Aspirin, anyone?
Following are a few more recent appointments (and disappointments) that caught our attention:
- Oplink 'Restructures' Half Its Staff
- NanoOpto Shuffles Board
- Telia CEO Quits Board
- Essient Hires Director of Engineering
- ChipWrights Hires Finke
- VPIsystems Appoints New Prez
- FT's CEO to Chair Orange
If you notice that anything else is missing, you might check Winona's closet.
— Phil Harvey and Marguerite Reardon, Senior Editors, Light Reading