Cohen and Lieto were the last two remaining members of the old guard under Cerevas first CEO, Alan G. Lutz (see Cereva: Stalled, Not Stopped). "Changes are bound to happen when a new CEO comes in," McDonald says.
Right, say the analysts, but Lutzs departure was back in May, which is leading some to speculate on why it is taking the company so long to settle down.
"Ganmukhi is going to take it one step at a time," said a Wall Street analyst who declined to be named. "They grew too fast, staffed too quickly and were talking about an IPO back in February. They were very cocky and the market has not cooperated with them." He added that Ganmukhi is trying to undo some of that "get-rich-quick" mentality, and if he achieves this, Cereva will emerge as a strong contender again.
Meanwhile, McDonald has told Byte and Switch that Cereva has some news on the way soon, news that looks good for the financial stability of the company. We'll wait and see.
Jo Maitland, Senior Editor, Byte and Switch http://www.byteandswitch.com
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