Headcount: Cutting the Fat (Really)

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AutoDog 12/5/2012 | 1:06:30 AM

re: Headcount: Cutting the Fat (Really) While we don't know the full details of Network Elements' demise just yet, I have to admit I'm suprised they've lasted as long as they did.

The 10G optical transpoder/transceiver market is littered with corpses of those who tried and failed. Given that, I thought NEI was on its way out when it went out and built a big, power hungry proprietary CMOS ASIC (called 'Lithium') into its transponders. When this didn't sell, they tried to sell it to their customer as a stand-alone chip (a-la GTran 40G), presumably with the same success rate.

Then I was dumbfounded when NEI bought an entire GaAs IC design team from TriQuint?!? I am amazed they've lasted as long as they have.

I thik their best case scenario would have been to build a small, but top-performing portfolio like OptronX with a lean & mean staff. Not that OptronX hit paydirt, but they did make it to the liquidity bin.

-AD

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Pete Baldwin 12/5/2012 | 1:06:30 AM

re: Headcount: Cutting the Fat (Really) We got the skinny on Network Elements -- the company says employees are on furlough while the company mulls over some sale offers. Bruce Murdock (CEO) expects to finish a deal soon, and he says he's only considering deals that would include the employees.

We'll post an update in the morning.

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tun88 12/5/2012 | 1:06:29 AM

re: Headcount: Cutting the Fat (Really) Very interesting update from the CEO -

I can tell you now that employees are laid-off, as in done - pack all your stuff and leave the building - happened last week - they are gone - not furloughed.

Maybe the CEO will decide to provide the real truth to LR in the morning. - But don't count on it.

FROM LR:

We got the skinny on Network Elements -- the company says employees are on furlough while the company mulls over some sale offers. Bruce Murdock (CEO) expects to finish a deal soon, and he says he's only considering deals that would include the employees.

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cyber_techy 12/5/2012 | 1:06:21 AM

re: Headcount: Cutting the Fat (Really)
<bold>
<italics>
I almost got an offer from Axiowave last year. I was actually quite serious about joining them believing they have what it takes to beat Cisco. Whether it was overestimating Axiowave or underestimating Cisco is yet to be seen.
</italics>
</bold>

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intrepid 12/5/2012 | 1:06:21 AM

re: Headcount: Cutting the Fat (Really) Here is what really happened....
There were 2 companies that were bidding to purchase NEI and NEI furloughed everyone on October 8th pending audits from both companies. When it became apparent that neither of the companies were serious about moving forward, NEI shut it's doors effective October 30th.
Operations have completely wrapped up!
There is no support for product in the field.
All customer orders have been cancelled.
All customers have been advised of the demise of the company.
Assets and IP are on sale CHEAP!!!!

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toonces_has_the_car 12/5/2012 | 1:06:18 AM

re: Headcount: Cutting the Fat (Really) Why did you not go to Axiowave?

Whatever your reason, it was a good move in hindsite! History has shown it is not wise to underestimate cisco, but I think in this case you were overestimating Axiowave.

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george_19 12/5/2012 | 1:06:18 AM

re: Headcount: Cutting the Fat (Really) Probably both. Cisco may have pushed them over the brink if they were involved in Cogent's purchase of Axiowave's only customer.

http://www.lightreading.com/do...

http://www.lightreading.com/do...

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ATMRules 12/5/2012 | 1:06:02 AM

re: Headcount: Cutting the Fat (Really) Well what goes around comes around, I remember interviweing there back in Sept of 2000, the usual arrogant personalities prevailed, you know the type, one guy from Nortel/Bay had his feet up on a chair with a pencil in his mouth looking over my resume with a smug expression on his face asking me what was at the beginning of the Cascade frame relay header?....my answer...your company sucked then and it obviously sucks now, I hope I see you on an interview one of these days,,,well see whose laughing now....

ATMRules.....Axiowave does not!!!

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Upside_again 12/5/2012 | 1:06:00 AM

re: Headcount: Cutting the Fat (Really) You got same interview as I did. I met three so-called management principals and they didnGÇÖt have clue to what they were asking all the while they told me they couldnGÇÖt tell me what they were making. These guys shouldnGÇÖt be in business for a reason. Plain and simple - they don't know what they're doing, (yet) they give an attitude and arrogance well beyond their experience. It's burned them badly.

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startup_shutup 12/5/2012 | 1:05:57 AM

re: Headcount: Cutting the Fat (Really) The way to treat this kind of startup managements
is to SPREAD the word so that they DO NOT get a
2nd CHANCE in any other gig!

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