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."
re: Sorrento Appoints VPIt 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.
re: Sorrento Appoints VPIf 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.
re: Sorrento Appoints VPWell 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?
re: Sorrento Appoints VPdwdmr- 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.
re: Sorrento Appoints VPI 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
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.