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Employment

Sorrento Appoints VP

SAN DIEGO -- Sorrento Networks (NASDAQ NM:FIBR - news), a leading supplier of end-to-end, intelligent optical networking solutions for metro and regional applications world-wide, today announced the appointment of Marc Thurman as vice president of Operations. In his new role, Thurman will oversee manufacturing and operations, supply chain management, and quality assurance functions at Sorrento Networks. Thurman brings to Sorrento Networks nearly 25 years of manufacturing operations, supply chain management and quality assurance experience on leading edge technologies and products for the computer and telecommunication markets.

"We feel very fortunate to have someone with Marc's operations management experience on leading edge technology and products," said Jim Dixon, president and COO of Sorrento Networks. "His experience with outsourced manufacturing services will be invaluable in helping us achieve our aggressive volume expansion plans."

http://www.sorrentonet.com
Techhead 12/4/2012 | 8:37:05 PM
re: Sorrento Appoints VP It seems like a good guess is that Sorrento is going to go to outside assembly. This shows that if correct, their business is expected to grow quite rapidly. Why else would the need this when they have a brand new 50,000 sq ft of space that they can use to assemble DWDM and EPC and Switches
Seems that they dont want to be constrained by the time and capiticty to get out those large orders to Terabeam, DT, COX, UPC, FCOM, etc.
[email protected] 12/4/2012 | 8:37:04 PM
re: Sorrento Appoints VP If you look at their financial situation, -where they are compelled to depend on questionable PIPES,- I think it is more likely that they can not afford to go to inhouse manufacturing / asembly.

To try and dress it up as needing more space to meet demand is misleading.

Techhead 12/4/2012 | 8:37:02 PM
re: Sorrento Appoints VP Well this new guy must have a death wish to jump on board a sinking ship. Do you think he knows what is expected of him and what he has to do? To imply that private financing is bad is misleading.
What about their 21 customers, can you name any other company with at least 10?
_____ 12/4/2012 | 8:36:57 PM
re: Sorrento Appoints VP dwdmr- being a recruiter I bet you know everything about everyone. Quite frankly, I find your postings out dated, out of touch and basically useless.

Go back to recruiting! And stop pretending you know what goes on at companies when chances are you have never stepped foot into any of them.
[email protected] 12/4/2012 | 8:36:38 PM
re: Sorrento Appoints VP I do not believe that all methods of Private Financing are bad.

However thr results of Sorrento's PIPE to date are symptomatic of a "death spiral". When it was done the stock was circa $10, it is now just under 4. A death spiral PIPE allows and incents the Investors to short the stock and that is what looks like is happening here.

With a Market Cap of $50 Million for there is a chance someone may bid for it but the Osicom Managements track record is well known so even at todays price I wouldnt touch it
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