SPOTLIGHT: Occam investors demand changes


Occam Networks, a relatively small optical equipment vendor that has had great success landing contracts in the independent telco market, drew massive criticism from investors during its earnings call yesterday. Occam earlier this week said it was restating financial reports for 2004 to 2006, during which it pre-maturely recorded about $33 million in revenue, and also forecast a decline in revenue. On the call, investors pounded Occam management with questions about how the accounting problem happened, and made multiple demands that the company be sold or management changes be made.

Occam works with a lot of very small rural telcos, so whatever happens, hopefully they will continue to get the technology support they need. Certainly, large vendors won't be keen on doing it, and the number of smaller vendors working at that end of the market has shrunk dramatically.

For more:
- Check out this story in Telephony

Suggested Articles

Frontier Communications is looking to rebound from a disappointing second quarter last month by offering a new managed cloud IT service.

Tyson, Virginia-based GiGstreem raised $10 million in a Series B funding round that was led by RET Ventures with participation from LNC Partners.

Comcast sent its Senior VP of Next Generation Access Networks Elad Nafshi to the ONF conference today to announce its big step on virtualization of the cable…