GALTF Reorganozes:
Thursday , May 7, 1998 Sun-Thu at 18:00 (GMT+3)
Stock Market News
Galileo Technology Reorganizes;
Will Focus on Developing Three
Product Lines
By David Hayoun
Data communications company Galileo
Technology today announced a change in the
company's organizational structure. The Karmiel
company, founded five years ago, is a leader in
design, development and marketing of data
communications processors based on
semiconductors, and posted one of the highest
growth rates in the sector in `97.
The reorganization defines three product lines for
Galileo:
1.LAN - local area networks for small
businesses, factories and universities.
2.WAN - wide area networks for intercity
and international communications.
3.System Controllers - components for
command and control of communications
networks.
One of the company's founders and now its vice
president for engineering, Eyal Waldman, stated
that the purpose of the reorganization is to
strengthen managerial capability in each field,
so as to manage projects in a faster, more
correct manner, beginning with the definition
stage, through development, manufacture and
sales. According to him, each product line will
be like a tiny company, in which Israeli
development staff and US sales staff work
together.
CEO Avigdor Willenz said the addition of key
people to the ranks will reinforce the company
on its way to its next target - turnover of at least
$100 million. Sales amounted to $36.5 million in
'97 and profits were $10.4 million. For the
purpose of comparison, Galileo lost about $1
million on sales of just $6.5 million in 1996.
The company employs 130 people in Israel and
the US.
Published by Israel's Business Arena May 7,
1998 |
