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back to article Profit-disaster CEO at Blue Coat: I'll get my coat

Blue Coat boss Michael Borman has fallen on his sword following declining sales and profits in fiscal first quarter 2012. The web security and WAN optimisation minnow saw sales come in at $109.5m (£66.7m) down 9 per cent sequentially and 11 per cent on last year, as profits fell 70 per cent quarter-on-quarter to $2.7m (£1.6m) …

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Happy

Shame...

..because theeir K9 protection is a great product.

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Silver badge
WTF?

Profits were impacted

By too much Bullshit bingo in their public statements.

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"following declining sales and profits in fiscal first quarter 2012"

Wow - crystal balls and pessimism really are a shitty mix, eh?

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They are in FY12

Horrible accountancy crap meaning that the Fiscal Year number is the year it ends in or maybe the same year it starts in depending on what country you are in and if you are a government or private company. Don't get me started about week 53 or period 13.

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Ugh - that's pretty ugly...

Thanks for pointing it out though - glad it makes sense to somebody!

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Anonymous Coward

title

I heard that he was resigned rather than taking the step himself... I've also heard he's looking into jumping ship to another WANO company.

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Bronze badge
WTF?

Blue Coat Proxy Server

We had Blue Coat Proxy Servers installed where I used to work. It took MONTHS (or was it years) before anyone could set them up properly.

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You need to employee decent staff then

Bluecoat SGs are pretty good .. F5s could be viewed as better.

Quite a bit you can do with Squid though and a lot cheaper.

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EJ

Pricing is killing them

We just got done with an evaluation of secure web gateways, and Blue Coat was by far the priciest of vendors we looked at. Bigger venders were significantly cheaper. They'll need to address their pricing strategy in order to get back into the game. Even the Feds can't afford to just keep shoveling money to a vendor without paying attention to the other vendors.

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