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Sandvine suffers dismal quarter

Canadian Press

Latest comment posted at 1:43 PM EST 09/07/08

Q2 loss $4.6M on $11.1M revenue; hopes for year quashed ...Read the full article

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  1. h w from Waterlogged, Canada writes: What a shame! The company that makes evil equipment doesn't deserve this sort of bashing on the stock market! It's not that Comcast actually wanted to appear evil in blocking P2P traffic that did Sandvine in - it's how they did it. Tech-aware users didn't take kindly to Sandvine's equipment reseting their connections - this is a no-no in the protocol world of TCP/IP. Not exactly illegal, the practice is certain questionable and immoral. Unfortunately for Sandvine, Comcast hung them out to dry as sole scapegoat for it. Ironically, Sandvine's early products (and their initial flagship application) was a network box that would ~optimize~ P2P connections by rerouting them to closer peers. Alas, customers (Comcast) didn't want to optimize P2P, they wanted to get rid of it altogether, something which Sandvine was happy to accommodate by apparently running the hardware for Comcast.
    One can only hope that some huge company (Cisco again?) will notice the firesale bargain and buy up Sandvine before it bankrupts. Hopefully this time, they won't cobble up all the goodies and shut them down as they did with Pixstream. The one upside is that the high level executives were able to cash out their millions long before the stock bottomed out. Sadly the middle managers and regular staff were forbidden to do so (at least for the IPO). Those employees now holding greatly devalued stock and overpriced options are simply SOL.
  2. Purple Monkeydishwasher from Canada writes: Hmmm. Sounds like their revenue is being throttled. It's not that the money is coming in it's just not coming in as fast as they'd like it to. Funny how that works.
  3. Purple Monkeydishwasher from Canada writes: Stupid typo. It should read: It's not that the money isn't coming in it's just not coming in as fast as they'd like it to.

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