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M$BIG 12/5/2012 | 12:04:05 AM
re: Corona Networks Scores $40M test
M$BIG 12/5/2012 | 12:04:04 AM
re: Corona Networks Scores $40M This thread forecasts a dismal future for Corona Networks. Where is the company now?
nixon 12/5/2012 | 12:04:01 AM
re: Corona Networks Scores $40M Sounds like they are doing good. With rich features, off-shore development, and more funding, Corona may end up being a good bargain purchase for someone. --nixon
M$BIG 12/5/2012 | 12:03:58 AM
re: Corona Networks Scores $40M Thanks, been searching for news/info, but cannot find much. Any ideas? M$
netpert 12/4/2012 | 11:55:29 PM
re: Corona Networks Scores $40M
"Sounds like they are doing good. With rich features, off-shore development, and more funding, Corona may end up being a good bargain purchase for someone. --nixon"

Just came back from vacations - couldn't stop laughing....

Can you elaborate how a company with no sales, no money, little engineering talent left, barely working product, and a very pathetic management team now can be a good bargain in a hyper competitive VPN, Edge Routing and BRAS market?

Also, what is the value proposition now that every one has BRAS integrated on their edge /VPN routers?
nixon 12/4/2012 | 11:53:58 PM
re: Corona Networks Scores $40M How can a company last so long? Companies like Timetra didn't have any customers, nor hardened products either.

But with Alcatel grabbing Timetra, the glass seems 1/2 full, or more like 1/16 full for Corona. I must be an optimist.
TruthWillInfect 12/4/2012 | 10:43:51 PM
re: Corona Networks Scores $40M You miss the point about Joe Stanton. He was never hired to actually make sales. He was hired to convince the VC's to invest in Corona. You have to admit - he's been successful at that.

The real question is, why are the VC's still throwing money at a company that has no product, and, therefore no hope of making sales?




George Lucas 12/4/2012 | 10:29:12 PM
re: Corona Networks Scores $40M
I know for sure that the best team is about to dis-integrate.

I saw their lead software guy believed to be mainly responsible for all ip services software and VPN arch with our CEO last week. The rumours tell me that he will be joining us soon.

Looks like something is cooking there. Any insider?

ooGLoo
UncleBond 12/4/2012 | 10:21:23 PM
re: Corona Networks Scores $40M its 5/21 today and no one from the software team has left/plans to leave. maybe the software guy was trying to hire your CEO for some marketing position :)

- Uncle Bond.
datacom 12/4/2012 | 10:10:09 PM
re: Corona Networks Scores $40M
The reliable sources tell me that the company is as good as dead with money to pay only for a few more weeks, and product is still months away. I am surprized that it lasted as long as this.

The ruthless duo of founder and CEO have faught more inside battles within management teams and vanquished more good people since its inception, than all other valley startups combined. According to insiders and company watchers, there has been nothing, but constant management wars inside. The founder versus engineering VP X Versus product director Y, or CEO versus director of product management versus engineering VP versus sales VP versus hardware VP. Each one attempting to fire one another depending upon percieved support from the board members. The board appears to be very weak otherwise it would not have allowed duos to screw the entire organization repeatedly.

According to insiders, the entire product management team has already left, and all product management directors have resigned and moved on. All the good guys returned back to Cosine. And so I am told are all engineering directors and leads either pushed out by infighting, or went away at their own. I feel sorry for those who are still there to see the slow death.

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