Market Leader Programs
5G Transport - A 2023 Heavy Reading Survey 2023 Open RAN Operator Survey Coherent Optics at 100G, 400G, and Beyond Open RAN Platforms and Architectures Operator Survey Cloud Native 5G Core Operator Survey Bridging the Digital Divide 5G Network Slicing Operator Survey Open, Automated & Programmable Transport The Journey to Cloud Native
F10 managment too arrogant to sell. They IPO or die.
I quote "Force10 is not laying off workers, but we informed a group of engineers that their function would now reside in India". I thought of sending this to Bill Mahr.
Isn't it called a lay-off Andrew ??? It's like John Kerry's statement "I voted for 89 Billion $ for Iraq war, before I voted against it" BTW, Kerry is million times smarter than Feldman.
Feldman's contribution to Force10 is, changed the logo of the company in the first month. Till date, that's all he did.
A 10GigE switch was a logical progression, so the systems company that jumped on that bandwagon has a defined period of time until established competitors catch up. That window is the entire value of the startup. After large players jump in and prices commoditize there is no value left. So, Force10 has probably already missed the value window for itself.
Can an IPO occur? Maybe, but I certainly would not buy the stock.
Will somebody buy the company? Yes, but not at a great multiple. If $300M was sunk in, then the company should take a break even exit. The alternative is worse.
The chip advantage they have is fast losing. They skipped schedules for more than a yr to deliver the next generation chipset. They screwed it up big time there.
There are quite a few companies Marvel, Broadcom coming with integrated chips for their Buffer manager and packet processor. It is lot cost effective to go with BRCM or MRVL chips than making ones own. Then what do they have.
Heard they stopped working on their next generation chipset. Their chip engineer resumes are every where. Morale of the team is low. It is a sitting duck.
With the revenue stream far less than EXTR & FDRY (margins not known) I would buy for not more than 150 mil. If they were to go public, market cap would be the same.
I don't know how he made it to Stanford. He is not an impressive guy, certainly not his resume (leaving the Stanford part).
Till last lay-off, virtually engineering team is coerced to work on weekends and late evenings, with scant respect to invidual's time and space.
F10 has a CEO, who loves his weekends so much that he has his car registration, which says it all.
F10 had a VP Sales, who says we have one more semester left to graduate and one needs to work hard to get there. That one semester is perenially there from last two years.
F10 has a VP Eng, who thinks of projects before he goes to bed and wakes thinking about them and do nothing more, but expects every one else to spend their time and energy.
If you take a vote among the F10 employees, who would work for a new company with this management team, they don't get more than a handful.