The numbers were balanced thanks to the cuts from March through to June. However, that will not save the numbers in Q3. Watch out for more bloodbath.
This is what's its all about. Cuts are just a short term solution, and that will be clear once Q3 results come in. It's already obvious in the company's outlook. This will lead to more - you guessed it - cuts. And it will continue until somebody gets a clue or there is nobody left to lay off.
The brand new ex-Brocade EMEA boss came to visit us in Italy just before the EMEA tech summit. Said straight out that he is all about numbers, does not care if he has to lay people off. At the EMEA Tech Summit the new boss started the spech by asking how many of us knew "storage technologies".....excuse me Boss, did you know which company you joined and their product line? Why would anyone at Juniper know about Storage unless they had worked for Brocade before?!