DSET Reduces Expenses.Business and Technology Editors BRIDGEWATER, N.J.--(BUSINESS WIRE)--May 17, 2002 (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DSET DSET Desert Sunshine Exposure Testing Inc. ) - DSET Corporation today announced a reduction in expenses that is aimed at reducing the monthly cash burn to provide the company with the ability to continue operations into next year without significant new revenues. The expense reductions include reducing the number of employees by approximately 40 and curtailing expenses across all operating departments in the company. The employee reductions were made on Friday May 17, 2002 and affected all departments, including finance and administration, sales, marketing, and product development. We believe that the nature of these cuts will allow us to continue to support our current customers that utilize our OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. interconnection gateways. Additionally, we expect to continue to sell and support these products to those competitive service providers that require interconnection to their trading partners, such as the former Regional Bell Operating Companies The Regional Bell Operating Companies (RBOC) are the result of the U.S. Department of Justice antitrust suit against American Telephone & Telegraph. History (RBOCs) and other third-party service bureaus. We have also retained the core development team for our IP service activation product activation product Radiation biology An unstable nucleus/radioisotope formed during activation. See Activation-radiation biology. line. This product line, which supports the provisioning and activation of various IP services including IPsec or MPLS VPNs MPLS VPN is a family of methods for harnessing the power of Multiprotocol Label Switching (MPLS) to create Virtual Private Networks (VPNs). MPLS is well suited to the task as it provides traffic isolation and differentiation without substantial overhead. , is available for shipment now and our new product development in this area continues. We still believe that our IP solutions offer service providers unique financial, implementation, and technical advantages over the competition. Although the market for IP service activation has not yet taken off, we were encouraged by the interest shown in our products at the TeleManagement World show held in France last week. In addition, we are getting the chance to compete for IP service activation business in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. as several major service providers are in the research mode at this time trying to determine how to automate their IP provisioning processes. Our reduction in expenses will help buy us time, so that we can capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. these opportunities and strengthen our position in the IP service activation market. About DSET Founded in 1989, DSET Corporation develops and markets software solutions that enable telecommunications providers around the world to provision, activate, and manage services such as Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (IP) based virtual private networks (VPNs) in complex, technologically diverse network environments. DSET's IP solutions allow providers to deploy and modify services much faster and at substantially less cost than manual provisioning. DSET is also a leading supplier of electronic-bonding gateways that enable competitive service providers to exchange information with other telecommunications providers to reduce the time necessary to provision voice and data services for their customers. Visit DSET on the Web at www.dset.com. Statements about financial matters in this press release, other than historical facts, are forward-looking. Since all statements about DSET's plans, estimates, and expectations are based on current projections that involve risks and uncertainties, and are subject to change at any time, the company's actual results may differ materially from expected results. Investors should consider these risks and uncertainties, which are discussed in documents filed by DSET with the Securities and Exchange Commission. These documents identify important factors that could cause the actual results to differ materially from those contained in the projections or forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . DSET expressly disclaims any obligation to update any forward-looking statements. DSET and the DSET logo are registered trademarks of DSET Corporation. All other trademarks are the property of their respective owners. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion