Conexant Reports Financial Results – fires a lot of my friends and kills something I helped build.

Not a good day. These 140 people include a lot of my friends. Sucks. Especially since this group helped invent WiFi. And in a very, very short time, all that is left of it will be gone. Some of them (perhaps, I am not sure) once worked for me. I know I once worked for at least one of them.

And the people responsible will still be employed.

And that, my friends, is *exactly* why I am a consultant now.

A $600 million dollar business unit evaporated in a matter of years – even though the market it served is larger than ever. How can you blame that on employees? That’s mismanagement. (Of course, that is just my opinion, don’t want to get sued here!)

To all of my affected friends – you are now free to go do something you love. And to work with people you like, and trust, and respect.

Now go make something happen – build something else. I know you can.

And make it fun.

And please, let me know how you change the world.

Wireless Networking Effective immediately, Conexant is discontinuing further investment in stand-alone wireless networking product development and will eliminate approximately 140 positions worldwide. Beginning in the second quarter of fiscal 2008, the company expects these actions to save approximately $5 million in quarterly operating expenses. The company plans to maintain the staffing levels required to support existing wireless networking customers with current solutions. Conexant’s remaining wireless employees will join the company’s Broadband Access organization and support DSL gateways that incorporate wireless connectivity.

Conexant Reports Financial Results for the Fourth Quarter of Fiscal 2007: Business Wire Business News: CNXT – MSN Money

Comments

  1. @Paul – I really hope something like that works out. The team was amazing, and always did amazing work. First WLAN at Dell, and MS, and HP, and Compaq, and Linksys, and Dlink, and Buffalo, and, and and.

    Amazing team. Smartest people I ever had the pleasure to work with.


  2. To all of my affected friends – you are now free to go do something you love. And to work with people you like, and trust, and respect.
    Now go make something happen – build something else. I know you can.

    I can report that there are very serious efforts being made to keep the ENTIRE team together, form a new company, rise from the ashes, and do just that!

    But yeah, it was a brutal day …