- Enterasys Networks
Infobox_Company | company_name = Enterasys Networks
company_
company_type =Privately-held company as of March 2006
foundation = March 1983 asCabletron Systems , Listed onNYSE as Enterasys in August 2001
location =Andover, Massachusetts
key_people = CEO:Michael Fabiaschi
num_employees = 750
industry = Telecommunications hardware
products = Switches,Router s, Network Security Software | revenue = profit$331.09 Million USD (2004 )
homepage = [http://www.enterasys.com/ www.enterasys.com]Formed in March
2000 as a spin-off ofCabletron Systems , Enterasys Networks is a networking company catering almost exclusively to large enterprises. The company designs and manufactures all types of networking equipment includingrouter s, switches, and 802.11 wireless access points and controllers.In addition to hardware, the company also builds
software for managing and securing enterprise-class networks such asIntrusion Prevention System ,Network Access Control andSecurity Information Management .The company's headquarters are in Andover,
Massachusetts .Fraud trial
In 2006, five former company officials were tried on accusations of breaking accounting rules in order to inflate revenue in the quarter when Enterasys was spun off from the Cabletron.
On Tuesday, December 19, 2006, a federal jury convicted four former Enterasys executives on securities fraud and conspiracy charges, but did not reach a verdict on five charges against the company's former chief operating officer.
The four convicted former executives included former chief financial officer Robert Gagalis, 49, of Rye; former vice president Bruce Kay, 53, of Yarmouth, Maine; former accountant Robert Barber, 53, of Durham; and David Boey, 51, of Atlanta, who worked in the company's Singapore office.
The four were convicted on 27 of 39 conspiracy, securities and wire fraud charges against them. The charges related to sales contracts, investments and revenue the computer networking company reported during and immediately after the company's spinoff from Cabletron Systems Inc.
Former chief operating officer Jerry Shanahan, the only defendant who was not a certified public accountant, was acquitted on one count of securities fraud. However, the jury returned no verdict on a wire fraud charge, three other securities fraud charges and a conspiracy charge. [http://www.nh.com/apps/pbcs.dll/article?AID=/20061122/BUSINESSREVIEW30/61121035]
External links
* [http://www.enterasys.com Enterasys Networks Official Website]
* [http://www.enterasys.com/company/literature/enterasys-fs.pdf Enterasys Company Fact Sheet]
* [http://www.enterasys.com/company/press-release-item.aspx?id=644 Enterasys Privatization March 2006]
* [http://www.enterasys.com/company/press-release-item.aspx?id=194 Enterasys Begins Trading on NYSE August 2001]
Wikimedia Foundation. 2010.
