Voice-on-the-net (VON), VoIP, Internet (IP) Telephony Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Frank A. Coluccio who wrote (2700)	5/16/1999 10:07:00 AM
From: Frank A. Coluccio	Read Replies (1) of 3178

"VocalTec Announces Initiative to Intensify Strategic Market Focus; Company Expects Second Quarter Charge" [A sobering note from VOCL below, once you get past the headlines, and the first paragraph of spin...] ---------- "VocalTec Announces Initiative to Intensify Strategic Market Focus; Company Expects Second Quarter Charge" Business Wire - May 13, 1999 09:14 HERZLIYA, Israel--(BUSINESS WIRE)--May 13, 1999--VocalTec Communications Ltd. (Nasdaq:VOCL), the Internet protocol (IP) communications company, today announced a corporate initiative to focus on and leverage its successes in the worldwide Telecommunications service provider market. VocalTec has made several strategic decisions based on an ongoing review of its operations. The Company will concentrate and intensify its focus on the service provider market. Instead of selling directly to enterprise customers, VocalTec is seeking to form a separate entity with a strategic partner or divest its enterprise-oriented operation based in the United Kingdom. The Company is continuing to pursue various opportunities in its approach to the consumer Internet telephony market. The initiative also includes a number of organizational changes to enhance operational efficiency as well as a reduction in worldwide headcount of approximately 40 people. However, in keeping with its strategy, VocalTec is continuing to recruit for key positions serving the telecommunications service provider market. VocalTec indicated that it expects its second quarter results to include a one-time charge of approximately $1 million, consisting primarily of employee severance and other costs related to the reduction of force. "We are moving aggressively worldwide to exploit the opportunities in the service provider market," said Doron Zinger, President and CEO of VocalTec. "We intend to focus our attention on specific applications for this market where we are already well positioned to serve the customer. There are many opportunities throughout the IP telephony industry but we must allocate resources so as to maximize our strengths and operate as an efficient and flexible competitor." About VocalTec Communications <deleted>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next