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Employment

Jasmine Networks: Disconnected

Jasmine Networks, one of many startups in the crowded metro optical switching market, has officially closed its doors, say sources. The company has been struggling to stay afloat for almost a year and just yesterday bid the last of its employees good-bye.

Calls placed to David Robert, chief operating office and acting CEO, and to David Frazee, vice president of legal affairs and corporate secretary, were met with messages saying that their phone lines had been disconnected. While the company’s Website is still up, its corporate phone number only reaches voice mail.

According to a source close to the company, the remaining 50 employees in the company’s San Jose, Calif., office were told yesterday that the company would be closing. Their last official day was yesterday. The source also says that employees were given little to no severance. Rumors had been circulating since October that Jasmine’s days were numbered (see Rumors Rampant as Startup Woes Mount).

In March, Light Reading reported that the company had slashed its workforce by roughly 25 percent, leaving about 180 employees (see Is the Bloom off Jasmine?). It had also closed its Richardson, Texas, facility and sent Venkata V. Chalam, vice president of engineering, and Ravi Dattatreya, chief executive officer, packing.

Sources say that Jasmine’s demise results from a deal gone bad with Nortel Networks Corp. (NYSE/Toronto: NT). Back in the summer of 2000, Nortel had agreed to resell the Jasmine product. So Jasmine altered its product focus and concentrated on building an OC48/OC192 multiplexer to fit into the optical transport product portfolio Nortel had acquired from Qtera. A year later, when Jasmine finally got its product to market, Nortel found itself in deep financial trouble and cut the deal.

Without any other customers on board to take up the slack, the company hasn’t generated any revenue or been able to raise new funding.

— Marguerite Reardon, Senior Editor, Light Reading
http://www.lightreading.com
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OptixCal 12/4/2012 | 10:20:02 PM
re: Jasmine Networks: Disconnected Whew...!All of the posts about Innovance, Jasmine, Ceyba and others have brought out all the experts. I had no idea there were so many brilliant minds left wasting away, buried in labs somewhere out there in this vast optical wastland, as companies throughout the optical industry stagger and fall to their collective deaths. Maybe you people shold stop bitching about the faults of others and make sure the companies you're with survive this mess.
Marguerite Reardon 12/4/2012 | 10:58:55 PM
re: Jasmine Networks: Disconnected I just spoke to Tony Li and he says he has no plans to leave Procket right now.
lite_boy 12/4/2012 | 10:58:56 PM
re: Jasmine Networks: Disconnected Tony is physically present, he still
answers phone call from his Procket office.
high plains drifter 12/4/2012 | 10:58:57 PM
re: Jasmine Networks: Disconnected
SPARKLE,

Your numbers are closer to the truth. My apology for not providing meaningful data to this thread.

I'll bring more constructive criticism from now on.

Your friend Harvey


obviously someone has obtained Harvey's password to the message boards.
HarveyMudd 12/4/2012 | 10:58:57 PM
re: Jasmine Networks: Disconnected SPARKLE,

Your numbers are closer to the truth. My apology for not providing meaningful data to this thread.

I'll bring more constructive criticism from now on.

Your friend Harvey
high plains drifter 12/4/2012 | 10:58:58 PM
re: Jasmine Networks: Disconnected this should have been blatantly obvious to anyone in attendance at Opticon2000 when he proclaimed "optical companies don't earn money the old fashioned way, they print it"!

what a jack ass.
shannonlimit 12/4/2012 | 10:58:59 PM
re: Jasmine Networks: Disconnected Just because you still have a phone, does not mean you are still with the company. Does Tony pick up the phone, or does voicemail pick up? Unless you can verify Tony is physically present, keeping a voicemail extension is not a reliable indicator.

I have no idea, one way or the other, about what is happening at Procket... but:

Both Tony and Procket have an incentive to continue to appear to be affiliated with each other (at least until Tony lands somewhere else that would cause a conflict of interest). Both benefit (valuation-wise, at least) from a continued relationship. I've seen these "permanent unpaid leave of absence" things with senior "prestige" technical folks several times before.

-shannonlimit

lite_boy 12/4/2012 | 10:59:01 PM
re: Jasmine Networks: Disconnected Who said Tony left ? He is still there.
The receptionist there will transfer your tel to him.
MKTG_Hack 12/4/2012 | 10:59:01 PM
re: Jasmine Networks: Disconnected Ciena annouced a 12% reduction (400 more people out of work) and the closure of the Marlborough, Massachusetts, research and development facility. Those kicked out got 2 months severence.
lu-alum 12/4/2012 | 10:59:02 PM
re: Jasmine Networks: Disconnected Ciena had some layoffs today I believe. Anyone hear the details?
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