siliconindia, the premier magazine for business and technology which is published from Fremont, California has announced in its May edition, 'Top 10 most promising technology companies' founded or managed by Indians in the U.S.
The 10 promising technology companies include: Connectiva Systems, Jivox, Niksun, Parascale, Stoke, Truviso, Wavesat, WiChorus, Zyrion and Zmanda.
A distinguished panel comprising accomplished CEO's, VC's and analysts including siliconindia editorial board decided on the top 10 companies. Evaluations were made on both quantitative and qualitative criteria including technology product the company was building or the differentiated service offering, management pedigree, innovation, global strategy, customers and customer retention and venture funding.
"In the backdrop of current economic conditions, we're seeing a lot of innovative new companies taking on the established players with disruptive technologies and innovative business plans," said Harvi Sachar, founder and Editor-in-Chief of siliconindia. "The siliconindia Top 10 Most Promising Technology companies are pushing and breaking the boundaries of the technology business and we are excited to report on their success stories. These companies have a lot of momentum and will rise above the rest."
Agencies
Showing posts with label Fremont. Show all posts
Showing posts with label Fremont. Show all posts
Monday, May 11, 2009
Tuesday, January 6, 2009
Logitech to cut 15 percent salaried staff
Logitech International SA, a maker of mice, webcams and other computer peripherals, said it is cutting its salaried work force by 15 percent in response to weak consumer demand amid what it expects to be an extended global downturn.
Switzerland-based Logitech, which also has offices in Fremont, has about 3,500 salaried employees in a total work force of about 9,000.
The company also withdrew its previous fiscal 2009 forecasts for sales growth of 6 to 8 per cent and operating income growth of 3 to 5 per cent. It did not provide revised targets and said it plans to update investors on its outlook during its third-quarter results briefing on Jan 20.
"During the December quarter, the retail environment deteriorated significantly," said Gerald P Quindlen, Logitech's president and chief executive officer. He added in a statement that "we expect the economic environment to worsen in the coming months and we are therefore taking significant actions to align our cost structure with what is likely to be an extended downturn."
Logitech said it will book a restructuring charge for the job cuts in its fiscal fourth quarter. It said it will detail the charge when it issues its third-quarter results.
Quindlen said the company has a strong cash position, no debt, and is maintaining market share.
Agencies
Switzerland-based Logitech, which also has offices in Fremont, has about 3,500 salaried employees in a total work force of about 9,000.
The company also withdrew its previous fiscal 2009 forecasts for sales growth of 6 to 8 per cent and operating income growth of 3 to 5 per cent. It did not provide revised targets and said it plans to update investors on its outlook during its third-quarter results briefing on Jan 20.
"During the December quarter, the retail environment deteriorated significantly," said Gerald P Quindlen, Logitech's president and chief executive officer. He added in a statement that "we expect the economic environment to worsen in the coming months and we are therefore taking significant actions to align our cost structure with what is likely to be an extended downturn."
Logitech said it will book a restructuring charge for the job cuts in its fiscal fourth quarter. It said it will detail the charge when it issues its third-quarter results.
Quindlen said the company has a strong cash position, no debt, and is maintaining market share.
Agencies
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