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Ahmed Severs Ties With Sonus

Ray Le Maistre
12/16/2008
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Hassan Ahmed, who ran Sonus Networks Inc. (Nasdaq: SONS) for a tumultuous decade from 1998 to 2008, has severed his ties with the VoIP equipment vendor by resigning from the company's board.

Sonus announced Tuesday that Ahmed, who stepped down as CEO earlier this year after a lucrative 2007, "retired as a director and Chairman" on December 11. (See Ex-Moto CTO Tabbed to Run Sonus and Sonus Bonus.)

The company says it "expects to elect a new Chairman in the near future."

During his tenure at Sonus the company endured a series of financial mishaps while building up a strong position in the IP voice equipment sector. See:

Ahmed's successor as CEO, Richard Nottenburg, who has been hiring and firing to build a new senior team, now faces a number of fiscal and operational challenges of his own. See: Nottenburg's latest appointment is Gurudutt 'Guru' Pai, who joined on December 11 as senior VP with responsibility for the company's "sales and services organizations, business development and corporate strategy functions." (See Sonus Names Guru VP.)

Pai commands an annual salary of $275,000 and "is eligible for an 'on target bonus' of 50% of his annual base salary subject to the achievement of specific objectives," according to an SEC filing. [Ed note: But does he get Ahmed's parking space?]

Pai, who joined from Web video systems specialist Veveo Inc. , has previously held executive positions at Lucent, Motorola Inc. (NYSE: MOT), and AT&T Inc. (NYSE: T).

Sonus's share price closed Monday at $1.44.

— Ray Le Maistre, International News Editor, Light Reading

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digits
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digits,
User Rank: Light Beer
12/5/2012 | 3:25:06 PM
re: Ahmed Severs Ties With Sonus
Analyst group suggests IP voice gear market is shrinking but major Sonus rivals are gaining share in growth markets:

http://www.marketwatch.com/new...

materialgirl
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materialgirl,
User Rank: Light Beer
12/5/2012 | 3:24:59 PM
re: Ahmed Severs Ties With Sonus
Besides stating the obvious, that rather fawning article leaves out some important details. Such as, if service providers are investing in IPTV, is that not part of a bundled play that requires VoIP for the voice part? Are service providers capping investments in legacy voice networks due to over capacity from defections and therefore have no need to buy new gear? If so, exactly what is it that will carry the voice part on next-gen traffic? Doves?
cdchanger
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cdchanger,
User Rank: Light Beer
12/5/2012 | 3:24:55 PM
re: Ahmed Severs Ties With Sonus
Traumatized work force, market and competitive pressure. No senior leadership. Do I smell an asset sale?
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