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Employment

Ringo Stars at Pluris -- For Now

Core router startup Pluris Inc. has confirmed the arrival of an acting CEO.

Pluris made news earlier this week with new layoffs in the wake of financial restructuring (see Pluris Hangs On). Part of the startup's tale of woe has been the departure of CEO Joe Kennedy in March (see Pluris CEO Bolts).

Now Pluris is no longer headless. Cynthia Ringo, ex-CEO of CopperCom Inc., started work full time yesterday at Pluris's headquarters in Cupertino, Calif.

But the company makes it clear she's just passing through. "Cynthia has made it clear she's not permanent here. She is not on trial in any way. She will help us in our recruiting evaluation," says Gary Law, Pluris's VP of marketing. "We'll get someone as soon as we can, but we are not going to rush. We will take our time to find the right person."

Like other core routing startups, Pluris is digging in for a long dry spell. Although industry sources say its traction has been good with large incumbent carriers, it's clear they won't be buying new core gear for awhile.

Law says Pluris's executive team has been running the show with the help of its board since the departure of Kennedy. He was originally set to act as interim CEO himself until a replacement was found. But the role apparently got old very soon.

Meantime, the company quickly found it needed someone in the wheelhouse. "There are just things you need a CEO to do," Law notes. Two of the company's board members/investors, ComVentures and JPMorgan Partners knew Ringo and suggested her as an interim CEO.

Ringo is a seasoned technology veteran familiar with the telecom economy and the ups and downs of startups. A lawyer by education, she went into business in the 1980s as a consultant and cofounded Red Brick Systems, a data warehousing company, in 1990. She moved on to Madge Networks and then in 1997 to CopperCom, a voice gateway company (see A Copper and Cable Revival?), where she stayed until that company underwent a restructuring in early summer 2001. She then became a venture capitalist, joining Blueprint Ventures in November 2001 as a partner (see Blueprint Adds Partners). When the firm underwent restructuring earlier this year, Ringo was out of work again -- and available.

At least for awhile.

— Mary Jander and Phil Harvey, Senior Editors, Light Reading
http://www.lightreading.com
chromatic aberration 12/4/2012 | 10:22:15 PM
re: Ringo Stars at Pluris -- For Now BobbyMax:
It should be understood that anything os possible in State of California. California has all the trappings of a Third World Country. Facts are often misrepresented by many companies as a normal way of doing business.

rjmcmahon:
Those days are over. CA seems to have been a victim of a capital speculative bubble as were many of the "developing" countries when they transitioned from dependency economies to market economies.
_____________________________________________________________________________

Well, now that I think of it, the world's greatest industry of make-believe, Hollywood, exists in California. Maybe, the entrepreneurs of the tech-world took a cue from their celluloid counterparts. :-)

In my opinion, the industry was plagued with inadequate leadership. We engineers and technocrats are reluctant leaders, at best. Lawyers, financial analysts, MBAs and other parasitic 'professionals' who earlier made their money finding loop-holes in laws and statutes, now they make their money filling these leadership voids.
BobbyMax 12/4/2012 | 10:22:17 PM
re: Ringo Stars at Pluris -- For Now It should be understood that anything os possible in State of California. California has all the trappings of a Third World Country. Facts are often misrepresented by many companies as a normal way of doing business.

When Ascend Communication was sold for 24 Billion dollars, it came as a surprise to many industry experts. Lucent did not make a penny on this deals. Other examples include acquisition of Octel Communications and a useless networking cauising Lucent to lose Billions of dollars.

Nortel was also victimized when it bought Alteon and Bay Networks.

Ciana and Alcatel were also cheated when they acquired California companies.

The business climate and the culture of California is so different that it is almost impossible to make a true assesment of the merits of the products and technologies.
rjmcmahon 12/4/2012 | 10:22:17 PM
re: Ringo Stars at Pluris -- For Now It should be understood that anything os possible in State of California. California has all the trappings of a Third World Country.
______________

Those days are over. CA seems to have been a victim of a capital speculative bubble as were many of the "developing" countries when they transitioned from dependency economies to market economies.

Note: Those working for state run protectionist industries will not benefit from the bubble bursting. The market economy and capital that promotes real businesses will win. Those gloating about the death of speculation should realize that its death will only enable those who will dismantle their state run empires. This occurred in "developing" countries as well.
pktr 12/4/2012 | 10:22:22 PM
re: Ringo Stars at Pluris -- For Now Cisco and Tellium have lawyers as CEO caretakers. Companies with great vision are run by PhDs, like Corvis.

And the South shall rise again!

> > Tellium is run by a lawyer.

> As is Cisco.
xoip 12/4/2012 | 10:22:32 PM
re: Ringo Stars at Pluris -- For Now Can this CEO snag traction? in the mean time
it is also good for the company morale.
XoIP
bemusedobserver 12/4/2012 | 10:22:33 PM
re: Ringo Stars at Pluris -- For Now Tellium is run by a lawyer. From their website:

Harry holds a B.S. in finance from Fairfield
University and a J.D. from the University of
Connecticut Law School.
scooby 12/4/2012 | 10:22:33 PM
re: Ringo Stars at Pluris -- For Now > > Tellium is run by a lawyer.

As is Cisco.
light-headed 12/4/2012 | 10:22:34 PM
re: Ringo Stars at Pluris -- For Now say pluris is terminal and life support will only last so much longer...

they need a Do Not Resuscitate Order on this one...

skeptic 12/4/2012 | 10:22:34 PM
re: Ringo Stars at Pluris -- For Now Nothing personal against Ms. Ringo, but a lawyer running a telecom company ? This must be a nightmare !
--------------
Its not necessarly a bad choice if perhaps the
CEO may end up having to take the company through
bankrupcy proceedings.
skeptic 12/4/2012 | 10:22:34 PM
re: Ringo Stars at Pluris -- For Now Although industry sources say its traction has been good with large incumbent carriers, it's clear they won't be buying new core gear for awhile.
------------------

Other industry sources say that they have gone
through several trials with no takers and that
they have little if any traction.

After the CEO bailed, the future direction of
the company became totally unclear. Appointing
a caretaker CEO in combination with the size of
the recent layoffs are not good signs.

scooby 12/4/2012 | 10:22:35 PM
re: Ringo Stars at Pluris -- For Now I wonder what's in it for her?

Attention, all passengers flying coach on Air Pluris. Despite what you may have heard, it's generally not the folks in the back of the plane that walk away from the crash. Thank you, and enjoy the rest of the flight.
pooh-bear 12/4/2012 | 10:22:36 PM
re: Ringo Stars at Pluris -- For Now Anyone has stats on how many CEOs of start-ups have been lawyers?


About the same as engineers running a telecom company.

(I know, utterly tasteless.)
chromatic aberration 12/4/2012 | 10:22:37 PM
re: Ringo Stars at Pluris -- For Now Nothing personal against Ms. Ringo, but a lawyer running a telecom company ? This must be a nightmare !

Anyone has stats on how many CEOs of start-ups have been lawyers ?
scooby 12/4/2012 | 10:22:37 PM
re: Ringo Stars at Pluris -- For Now Mr. Best is a far better drummer than Mr. Ringo.

Exactly what value does a bungee-CEO bring, anyway. Can someone explain that?
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