President and CEO Bob Terwilliger said the company has already doubled headcount from 20 at its Precise Software Technologies subsidiary, acquired last year. The company bought Vautomation at roughly the same time as Precise to expand its hardware cores portfolio.
Protocol stacks take a fairly long time to develop and test.
Something that is already in the marketplace helps us get to revenue more quickly. Some of the things like forward error correction, we would consider doing ourselves. He said said the company remains on course for profitability by the end of 2002. Maintenance was down slightly. There were customers who renewed maintenance in Q4 who did not renew at the end of their cycle.