>>The analyst didn't mention how he came about his conclusion that TMS was behind schedule. Anyone have an idea where he might have gotten his info from, and whether or not it could be true.<<
My guess is it's a combination of: a) Talking to WIND customers, b) no announcement yet that TMS has shipped, and c) reduced confidence in WIND management. What I would like to see this coming week is an announcement that TMS has shipped. -Greg
Here is what Abelmann said on April 7:
"However, the company's revenues will be impacted by a delay in shipments from the first fiscal quarter to the second fiscal quarter of the Tornado™ for Managed Switches product line," continued Abelmann.
"Market acceptance and orders for this product have been excellent. As previously announced, the core of this technology was acquired from our partner, Xact, Inc. of Carollton, Texas. Productizing the Xact technology has required a far more extensive engineering effort on the part of Wind River and Xact than was originally anticipated and as a result, Wind River shipments of between $2 million and $3 million will slip from the first quarter to the second quarter."
This is what H&Q said on July 7:
In March management indicated that the Tornado for Managed Switches (TMS) product was the primary culprit behind the $2-3 million April quarter revenue pushout. With the acquisition of Xact, a privately-held concern developing a portion of the product, it was believed the TMS would ship early in the July quarter and the bulk of the $2-3 million in bookings would be recognizable this quarter. With three weeks left in the quarter, we believe TMS is still in beta and likely won't ship for another 2-3 months. As a result, we expect little or no TMS revenues will be recognized in July with a moderate ramp in October - well below our forecast.
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