The Industry Standard: Intelligence for the Information Economy

  September 5, 2001
  NEWS & ANALYSIS
   Headlines
   Money & Markets
   Tech & Telecom
   Media & Marketing
   Metrics & Stats
   Policy & Politics
  SEARCH
   
  advanced search
  SERVICES
   Company Index
   Newsletters
   Wireless
  PRINT EDITION
   Read the Magazine

Home > Company Index > Computer Hardware > Data Storage Devices > Network Engines, Inc.

Network Engines, Inc.
Nasdaq: NENG
Change
symbol:
     
 NEWS FROM THE WIRES
Network Engines to cut staff, take $7 mln Q4 charge
Jul 31 2001 01:25 PM PDT

More WIRE STORIES about this company

 PROFILE
Network Engines powers Internet drivers with a need for speed. The company develops computer server appliances and related software designed for use by online content, Web hosting, application service, and Internet service providers. Its WebEngine servers can act as stand-alone units or they can be grouped to handle more data. The company has also entered the network-attached storage (NAS) market with its StorageEngine appliances, which are designed to work in conjunction with its servers. Customers include IBM (16% of sales) and Akamai Technologies (12%). Investment funds Ascent and HarbourVest own 16% and 14%, respectively, of Network Engines, which has announced it is reducing its workforce by 30%.

 COMPETITION
Compaq Computer Corporation (CPQ)
Network Appliance, Inc. (NTAP)
Sun Microsystems, Inc. (SUNW)

 DEALS
Deal: Network Engines' Second Round Totals $8.3 Million
Date Announced: 05.10.99
Value of transaction (US $Mil): 8.3
Description: Thin-server maker receives $8.3 million second round.

 TRACKERS
Aug. 01, 2001 - LAYOFF TRACKER
65 laid off
Description: De-emphasizing its customized software and hardware development efforts. Planning to obtain its components from commodity suppliers rather than create them.

Apr. 17, 2001 - LAYOFF TRACKER
170 laid off
Description: Citing current market conditions as the reason for the layoffs. According to the company, tight cost controls have gone into effect and expansion plans have been put on hold. Cuts represent approximately 30% of its staff.

More LAYOFF NEWS

 STOCK ANALYSIS
 View by:
 Day 
 Day 
 Month 
 Month 
 Year 
 Year 
FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 43.10
1-Yr. Sales Growth: 618.3%
Employees: 232
Revenue per employee: $185,775.86

 KEY PEOPLE
• John Curtis
    CEO
• Douglas G. Bryant
    CFO

 CONTACT INFO
25 Dan Rd.
Canton, MA 02021
US
Phone: 781-332-1000
Fax: 781-770-2000
Online: Web Site

Company Data   News, quotes & more       

Hoovers Online   Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


ADVERTISEMENT
FEATURED LINKS
Home |  Customer Service |  About Us
Australia |  Brazil |  China |  Korea |  Norway |  Poland |  Sweden |  Taiwan

Copyright ©2001 Standard Media International. Privacy Policy
Stock data provided by Stockpoint and its data suppliers. Copyright © 1995-2001