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Feldman Out at Force10

Phil Harvey
2/26/2007

Andrew Feldman, the man who was Force10 Networks Inc. 's VP of marketing since late 2003, left his post at the beginning of the year.

But some Securities and Exchange Commission (SEC) scrutiny of Feldman's prior job has made the change appear more dramatic, as Force10 continues to work toward becoming a publicly held firm.

Prior to joining Force10, Feldman was VP of corporate marketing and corporate development for Riverstone Networks Inc. (OTC: RSTN.PK) . Before that, he was senior director for worldwide product marketing at Cabletron Systems. Stephen Garrison, another former Cabletron executive, assumes Feldman's duties at Force10.

"I left for personal reasons; I was tired and needed a break," said Feldman, when reached at his home last week.

Force10 didn't offer comment on the transition except to reaffirm that Feldman's departure was voluntary.

What isn't voluntary is the attention Feldman has received based on the SEC's examination of his previous employer's financial practices. Feldman, along with four other former Riverstone Networks executives -- Romulus S. Pereira, Robert B. Stanton, L. John Kern, and William R. McFarland -– are accused by the SEC of defrauding investors in a revenue recognition scheme that allegedly took place from June 2001 through June 2002.

The SEC sued Feldman and the others on October 12, 2006, and the case is still pending. "Nothing good can come from me commenting on that," Feldman said, when asked about the suit.

Other changes in Force10's management ranks during the past year have included the addition of Karen Blasing as chief financial officer. Shortly after her appointment, the company began raising money and expanding into other markets, moves that would help its chances in the public markets. (See Force10 Round Hits $113M .)

While his immediate plans include travel and rest, Feldman says he hasn't thought about his next corporate endeavor. Force10's spokesman offered that Feldman was "working with VCs," including those on Force10's board, and "scoping investment opportunities."

Whatever his next steps, Feldman makes it clear that he's still pulling for Force10 to find its way to the public markets. "Force10 has a great team, and I remain deeply invested personally in their success –- in my heart and financially," he says.

— Phil Harvey, Managing Editor, Light Reading

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Honestly
Honestly
12/5/2012 | 3:13:49 PM
re: Feldman Out at Force10
If he were an Officer he potentially could not serve in a public company. What were they waiting for.?

Other word on the street is that new F10 products are very late, having problems and they have lost major wins to an unnamed company that may surface soon. That company will be obvious at that time.
DCITDave
DCITDave
12/5/2012 | 3:13:44 PM
re: Feldman Out at Force10
really? what's the obvious answer?

ph
swhymax
swhymax
12/5/2012 | 3:13:44 PM
re: Feldman Out at Force10
For those who knew him, the answer is obvious. The real question is how did he last this long.
swhymax
swhymax
12/5/2012 | 3:13:43 PM
re: Feldman Out at Force10
My guess is forced out.
ext88
ext88
12/5/2012 | 3:13:42 PM
re: Feldman Out at Force10

Maybe Pekay Dubai was silently watching and discovered that Feldman was not an "A-Grade" employee and Pekay "shot him".

There seems to be a long history of folks "resigning" from Force10. It's funny how that seems to be the case when shipping boxes mysteriously show up outside an employee's cube on a Friday afternoon. Ya gotta love it.
mu-law
mu-law
12/5/2012 | 3:13:42 PM
re: Feldman Out at Force10
As a member of the class "knew him", I don't see the obvious answer. His departure, I think says more about who is left there than who left.
stuartb
stuartb
12/5/2012 | 3:13:23 PM
re: Feldman Out at Force10
I've worked with Andrew in the past and can say w/out question that he is very talented. Yes, he can rub people the wrong way sometimes but he is clearly very driven.

As far as his impact at Force10 is concerned, all I can say (from an outsiders viewpoint) is that the company's market visibility began improving dramatically soon after he joined. That can't be entirely coincidental. Before he joined, Force10 was widely considered as a dog of a company that was on it's last leg.

Just my 2 cents.
Stevery
Stevery
12/5/2012 | 3:13:22 PM
re: Feldman Out at Force10
That can't be entirely coincidental.

Why not?
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