Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
Search
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News

      Layoffs Looming at AvantGo

      By
      Carmen Nobel
      -
      July 25, 2002
      Share
      Facebook
      Twitter
      Linkedin

        Handheld software maker AvantGo Inc. on Wednesday posted a loss that was narrower than analyst expectations, but, anticipating a slow year, the company announced that it will lay off 40 percent of its staff.

        AvantGo, of Hayward, Calif., posted a net loss of $4.3 million, or 12 cents a share, with a revenue of $5.3 million. This compares with a loss of $5.0 million, or 14 cents a share, reported in the first quarter of 2002. Second quarter 2001 resulted in a net loss of $13.9 million, or 43 cents a share, with a revenue of $6.5 million.

        Company officials said that AvantGo is planning to lay off 40 percent of its 200 employees in the next quarter.

        The company wants to focus its attention on field force applications and vertical business such as pharmaceuticals, officials said, and does not plan to do any major work with the core enterprise software, AvantGo M-Business Server, in the next year.

        “Theres not a major release due for some time,” said Richard Owen, CEO of AvantGo. “It will be dot releases for the next year.”

        Owen also said that AvantGo will be deploying “fewer pilots, but pilots that will have more follow-on businesses.”

        “The cuts impact every part of the company,” Owen said. “While we continue to believe that large enterprises will adopt mobile solutions on a larger scale over time, we are planning our business around only modest improvements in the market in the second half of 2002.”

        AvantGo was among the pioneers of wireless Web browsers for handheld computers and then shifted its focus to the enterprise. Analysts have said companies like AvantGo will need to focus on vertical markets to survive.

        “You get the most bang for your buck with a vertical market, said Tole Hart, an analyst at Gartner Inc., in Stamford, Conn., when AvantGo released a software application designed specifically for field inspectors. “E-mail messaging is becoming a commodity now.”

        Related stories:

        • AvantGo Mobile Apps Go Vertical
        • AvantGo, BEA Team on Wireless Support
        • Special Report: Earnings Roundup
        Carmen Nobel

        MOST POPULAR ARTICLES

        Android

        Samsung Galaxy XCover Pro: Durability for Tough...

        Chris Preimesberger - December 5, 2020 0
        Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
        Read more
        Cloud

        Why Data Security Will Face Even Harsher...

        Chris Preimesberger - December 1, 2020 0
        Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
        Read more
        Cybersecurity

        How Veritas Is Shining a Light Into...

        eWEEK EDITORS - September 25, 2020 0
        Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
        Read more
        Big Data and Analytics

        How NVIDIA A100 Station Brings Data Center...

        Zeus Kerravala - November 18, 2020 0
        There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
        Read more
        Apple

        Why iPhone 12 Pro Makes Sense for...

        Wayne Rash - November 26, 2020 0
        If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
        Read more

        eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

        Facebook
        Linkedin
        RSS
        Twitter
        Youtube

        Advertisers

        Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

        Advertise with Us

        Menu

        • About eWeek
        • Subscribe to our Newsletter
        • Latest News

        Our Brands

        • Privacy Policy
        • Terms
        • About
        • Contact
        • Advertise
        • Sitemap
        • California – Do Not Sell My Information

        Property of TechnologyAdvice.
        © 2021 TechnologyAdvice. All Rights Reserved

        Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

        ×