Press releases like this make me laugh. -- It mentions percentage market share of revenues and ports shipped, but doesn't give the actual dollar signs and port counts. Put those in the press release, and people would realize that there just isn't much of a market yet. By the time the market is worth 5 Billion, Cisco will own the majority of that share. Count on it.
According to the Dell Oro report:
Actual Bay total revenue from layer 3 switches: $45 million -- doesn't seem like such a big deal any more ...
and even worse (this press release is all about spin..)
Actual Bay total revenue from Gigabit Ethernet switches: $300,000 from 200 ports (not switches) shipped. That's what the press release is referring to with the "19% market share in Gigabit Ethernet."
So with market numbers like that, why is it such a huge deal that Bay shipped L3 switching before Cisco? Here's some real numbers from the Dell Oro report that are both more telling and more material:
Total Switched Ethernet sales: (10 Mbps, 100 Mbps)
Bay (Q397, Q497, Q198) $142 million, $173, $90
Cisco (Q3, Q4, Q198) $503 million, $511, $661
Bay's share has dropped from 13% to 6% in ONE quarter
Cisco's has jumped from 38% to 50%
I think this is a much more telling picture, and one I doubt you'll ever see in a Bay press release. |
