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) …
..because theeir K9 protection is a great product.
Profits were impacted
By too much Bullshit bingo in their public statements.
"following declining sales and profits in fiscal first quarter 2012"
Wow - crystal balls and pessimism really are a shitty mix, eh?
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.
Ugh - that's pretty ugly...
Thanks for pointing it out though - glad it makes sense to somebody!
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.
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.
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.
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.
- +Analysis Microsoft: We're making ONE TRUE WINDOWS to rule us all
- Climate: 'An excuse for tax hikes', scientists 'don't know what they're talking about'
- Apple: We'll unleash OS X Yosemite beta on the MASSES on 24 July
- Pics It's Google HQ - the British one: Reg man snaps covert shots INSIDE London offices
- White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!