BNET Industries

Market Cap:$115.9M
Last Fiscal Year Sales:$116.1M
  • Public
  • US
Dow Jones Description

Network Equipment Technologies, Inc. (NET), founded in 1983, develops and sells voice and data networking solutions that enable the integration and migration of existing networks to secure internet protocol (IP)-based communications. We have more than 25 years of operating history and a worldwide customer base that includes both government entities and enterprise customers. Our enterprise customer base includes large enterprises adopting unified communications (UC) and small- to mid-sized businesses (SMBs) implementing new Voice-over-IP (VoIP) technologies. Our government customers include a variety of federal and international agencies and organizations, including civilian and defense agencies and resellers to such entities. In addition to our direct sales capabilities, we are developing relationships with integrators, resellers and technology leaders to help drive our enterprise business. Our global support and service organization, along with third-party service organizations, provides installation and other professional services, a variety of maintenance programs, technical assistance, and customer training. Today, our solutions are focused on enabling our enterprise and government customers to cost-effectively migrate to next-generation IP networks, unified communications platforms, secure voice applications, and high-speed multiservice wide area networking (WAN) transport networks. ...

President & CEO
C. Nicholas Keating
Number of Employees 254
Contact Information

6900 Paseo Padre Pkwy

Fremont, California 94555-3658

net.com

(510) 713-7300

NAICS Code Computer Terminal Manufacturing: 334113

Recent Events

  • Network Equipment Technologies NWK Announced Separation of McGrath as CFO and VP

    11/10/09 - Mgmt. Change Leaving - CFO - View Story

  • Estee Lauder Companies Delivers Strong Earnings Per Share in First Quarter of Fiscal 2010; Progress...

    11/10/09 - Financial Announcement - View Story

  • Network Equipment Technologies Partners with Tango Networks

    10/27/09 - Joint Venture / Alliance - View Story

  • Multi-Branch Credit Union Deploys Network Equipment Technologies' VX Series to Support Unified Communications

    10/21/09 - Licensing / Contract - View Story

  • Este Lauder Companies Delivers Strong Earnings Per Share in First Quarter of Fiscal 2010; Progress...

    10/30/09 - Financial Announcement - View Story

  • Outsourcing's sticking points

    10/10/09 - Licensing / Contract - View Story

  • • A winning formula for fashion retail

    9/09/09 - Merger / Acquisition - View Story

  • Network Equipment Technologies Q1 net loss narrows

    7/27/09 - Financial Announcement - View Story

  • New chief for Net oversight

    6/26/09 - Mgmt. Change Leaving - Other - View Story

  • NET's VX Series Used in Dubai Executive Council's Migration to UC

    6/25/09 - Licensing / Contract - View Story

News & Analysis

network equipment technologies inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
C. Nicholas Keating President & CEO
Danielle Sheldon Chief Accountant
Talbot A. Harty CTO & Vice President, Marketing
Bob Roalef Vice President of Business Development and Co-Founder
C. Robert Kennedy Vice President, Worldwide Customer Support
Dan Nickell Vice President and Principal
David Wagenseller Vice President, Finance
Francois Le Vice President, Intl
Frank Slattery Vice President and General Counsel
John Sandschulte Vice President of Engineering
John Steeg Vice President, Enterprise, North America
Mark Holtgreven Vice President
Matthew Krueger Vice President, Business Dev
Nick Keating Vice President
Steven W Holmes Vice President of Enterprise and Carrier Sales
Terry Fore Vice President, Operations
Doug Holtgreven Fort Wayne Branch Manager
Janice Fullington Office Manager
Robert Eisel Sales Manager
Robert Sink Technical Manager
Ben Butler Crew Member
David Holtgreven Technician
Larry Heller Crew Member
Todd Lobdell Fabricator

Board of Directors

Name (plus bio) Position
Dixon R. Doll Chairman
David R. Laube Board of Directors
Fred D'Alessio Board of Directors
Frederick D. D'Alessio Board of Directors
Thomas Rambold Board of Directors

Organization Position Status
Network Equipment Technologies, Inc. President & CEO Current
ATA Ventures Partner Current
Doll Capital Management Partner Current
Seclarity, Inc. Corporate Officer Current
Seclarity, Inc. Chairman of the Board Current
Asian Art Museum Board of Directors Current
Bay Microsystems, Inc. Board of Directors Current
American University Board of Directors Current
Network Equipment Technologies, Inc. Board of Directors Current
IP Infusion, Inc. CEO Former
IP Infusion, Inc. President Former
American University MA Former
American University BA Former

Array

Organization Position Status
Signature Technologies Inc. Com, Net's Chief Accountant Current

Talbot Harty brings more than 20 years of broad industry experience and is responsible for both the company’s overall product strategy and its information technology strategy. As an experienced CIO with a history of multi-role executive responsibilities, Mr. Harty provides a unique combination of experience that aligns NET’s product development initiatives closely with his business insights and IT customer requirements. Mr. Harty joined NET in November, 2003 and has previously held a number of executive positions for the company, including CIO, VP of Marketing, General Manager of Voice and Mobility Solutions. Last year, Mr. Harty assumed the dual role of CDO and CIO. Prior to NET, he served as Vice President of Product Development at Perfect Commerce, a provider of on-demand supplier relationship management solutions. From 2000 to 2001, he served as Vice President of Product Marketing at Mobileum (now Roamware), a mobile application platform company and held senior management and executive level positions in information technology, operations, and research and development at a number of high-tech companies in the Silicon Valley, including iPrint Technologies, General Magic, NEC Electronics, Newbridge Networks and UB Networks. Mr. Harty is a graduate of Phoenix Institute of Technology and is considered an industry expert in workflow and collaboration applications design. Mr. Harty is also an active advisor for a number of start-up companies.

Organization Position Status
Network Equipment Technologies, Inc. CTO & Vice President, Marketing Current
Perfect Commerce, Inc. Vice President of Product Development Former

Bob Roalef is Com-Net's Vice President of Business Development and co-founder of Com-Net Software. He has worked since 1973 on a number of system applications, including information display systems. He holds a BS from the University of Dayton.

Organization Position Status
Network Equipment Technologies, Inc. Vice President of Business Development and Co-Founder Current
Signature Technologies Inc. Com-Net's Vice President of Business Development and Co-Founder Current
University of Dayton BS Former

Organization Position Status
Network Equipment Technologies, Inc. Vice President, Worldwide Customer Support Current

Daniel B. Nickell As Vice President of Operations Dan Nickell is responsible for all activities conducted in NBSP's Test, Research and Data Center. These include biometric testing and evaluation, biometric management and technical training, data services, research and acquisition support. He has extensive domestic and international experience in industrial and federal-level projects involving intelligence and reconnaissance systems, corrections and law enforcement, telecommunications systems, and electronic security disciplines. He has lectured on corporate management issues, business development, and proposal management and has authored and published a book on computer applications, technical works, and management articles. Prior to joining NBSP Nickell led the new business development activities for the Asset Protection Systems Division, Radian Inc. where he managed the Division's Applied Biometric Laboratory and led in the development of new security solutions using an integration of biometric technologies with other access control systems. At Radian he designed the original functional prototype of the US Air Force Smart Gate, an integration of various advanced security components to automate both vehicle and driver identification for access control to Air Force bases. As Vice President and Principal Consultant for NET Inc. he guided companies in identifying, developing, pursuing, winning and executing new projects with the U.S. federal and foreign governments. He served as a Signals Intelligence Officer in the U.S. Air Force and received his MBA, (Management and Marketing concentrations) from George Mason University, Fairfax, VA, 1990 and a BA "with honors," (Communications Research) from Michigan State University, East Lansing, MI, 1968. Additional education includes Graduate studies in statistics and testing, Chapman College, Orange, CA, 1975. He is a Graduate, of the "Military Advanced Cryptologic Management Course," National Security Agency, 1975 and a Graduate of the Russian Language Studies Program at Syracuse University, 1964.

Organization Position Status
Network Equipment Technologies, Inc. Vice President and Principal Current
National Biometric Security Project Daniel B. Nickell as Vice President of Operations Former
George Mason University Mba, (Management and Marketing Former
Michigan State University Ba Former
Syracuse University Former
Chapman College Former

David Wagenseller was promoted to Vice President of Finance in December of 2005 and is responsible for Controllership, Treasury and Financial Planning. He joined NET in 1986 through the Company's acquisition of ComDesign, Inc. and has held positions of increasing responsibility throughout his 20 year tenure with the Company, most recently leading the successful implementation of Sarbanes Oxley, Section 404 compliance.

Organization Position Status
Network Equipment Technologies, Inc. Vice President, Finance Current

Organization Position Status
Network Equipment Technologies, Inc. Vice President, Intl Current
Aperto Networks Vice President of Worldwide Sales Former
Tropos Networks, Inc. Vice President of Carriers and International Sales Former
Com Corporation Director of Product Marketing and Business Development Former
3Com Corporation Director of Product Marketing and Business Development Former
Stanford University MBA Former
Stanford Graduate School of Business MBA Former

Frank Slattery joined NET in February 2003. In addition to serving as General Counsel, he is also the Corporate Secretary and oversees corporate governance matters. Mr. Slattery has been a business lawyer for technology companies since 1989, when he began his legal career at the firm of Wilson, Sonsini, Goodrich & Rosati. Prior to joining NET, he served in legal and senior management positions for a number of computer software and internet services companies, including SiteSmith, an internet infrastructure services provider, which was acquired by Metromedia Fiber Networks; USWeb, an internet services company; and ParcPlace Systems, a software tools developer.

Organization Position Status
Network Equipment Technologies, Inc. Vice President and General Counsel Current
SiteSmith Vice President of Business Development Former
US Web Incorporated Partner Former
SiteSmith General Counsel Former
US Web Incorporated General Counsel Former
Wilson Sonsini Goodrich & Rosati Associate Former
Metromedia Fiber Networks Former
University of California, Davis J.D. Former
University of California, Davis BA In Economics Former

Organization Position Status
Network Equipment Technologies, Inc. Vice President of Engineering Current
Network Equipment Technologies, Inc. General Manager Current
California State University B.S. In Computer Science Former

Organization Position Status
Network Equipment Technologies, Inc. Vice President, Enterprise, North America Current

Mark Holtgreven, Vice President. Another co-owner, Mark has been involved with every aspect of the business starting while in High School. He has designed our products, generated the necessary drawings, purchased the materials and scheduled the work. He also functions as our ISO Deputy Technical Manager.

Organization Position Status
Network Equipment Technologies, Inc. Vice President Current

Matthew D. Krueger joined the NET in 2005 as Director of Channel Development, working to develop the Company's partner roadmap and strategy. Today, he is head of corporate marketing and business development, including field marketing, corporate communications, Web 2.0 strategy, corporate branding, developing and managing strategic relationships, mergers, and acquisitions. Previously, Matt was Vice President of Business Development for Waterfield Technologies, delivering cloud-base internet banking applications. Mr. Krueger also has product marketing and channels experience at Edify Corporation. He received a B.A. in Communications from St. Mary's College.

Organization Position Status
Network Equipment Technologies, Inc. Vice President, Business Dev Current

Organization Position Status
Network Equipment Technologies, Inc. Vice President Current
Network Equipment Technologies, Inc. Corporate Officer Current
Bay Microsystems, Inc. Current
IP Infusion, Inc. Chief Executive Officer Former
IP Infusion, Inc. President Former
NASDAQ OMX Group, Inc. Director Former
MicroSystems, Inc. Former
American University MA Former

Organization Position Status
Network Equipment Technologies, Inc. Vice President of Enterprise and Carrier Sales Current
Edify Corporation Sales Executive Former
Altitude Software Inc Sales Executive Former

Organization Position Status
Network Equipment Technologies, Inc. Vice President, Operations Current
Network Equipment Technologies, Inc. Director of Technical Operations Current
University of San Francisco BS in Applied Economics Former

Doug Holtgreven, Fort Wayne Branch Manager. Doug handles both Service and Sales from the Fort Wayne area. His years of "hands on" experience provide him with a wealth of information that can be of great benefit to the customer in need.

Organization Position Status
Network Equipment Technologies, Inc. Fort Wayne Branch Manager Current

Janice Fullington, Office Manager. With us for over 25 years. Janice sees to it that phones are answered, invoices are generated, bills are paid, papers are filed, etc, etc. She serves a vital role in our ISO accreditation as the Document Control Manager.

Organization Position Status
Network Equipment Technologies, Inc. Office Manager Current

Robert Eisel, Sales Manager. Our second "oldest" employee, Bob has been with us since 1973. He worked in our service department for 27 years, when he started breaking into Sales part time. His responsibility is now full time Sales and has put that extensive experience to good use in the development of our Service business.

Organization Position Status
Network Equipment Technologies, Inc. Sales Manager Current

Robert Sink, Technical Manager. With us since 1974, Bob spent many years accumulating knowledge in our Service Department. He currently designs our systems, trains our technicians and handles technical sales. A key component in our ISO certification, he has written most of the technical procedures used by our technicians in the field.

Organization Position Status
Network Equipment Technologies, Inc. Technical Manager Current

With us since the year 2000, Ben has worked primarily with our construction crew but has also spent some time on the road helping test and calibrate Truck Scales.

Organization Position Status
Network Equipment Technologies, Inc. Crew Member Current

The youngest of the four Holtgreven brothers, Dave has over 20 years of experience calibrating and repairing scales in our service department.

Organization Position Status
Network Equipment Technologies, Inc. Technician Current

Larry has been a part of our construction crew now since 1995. He's been involved extensively in pouring concrete, installing new systems, repairing old pits, overhauling lever systems, sand blasting and painting steel weighbridges.

Organization Position Status
Network Equipment Technologies, Inc. Crew Member Current

With us since 1990, Todd has spent time with us as a fabricator and construction worker prior to joining our service staff.

Organization Position Status
Network Equipment Technologies, Inc. Fabricator Current

Organization Position Status
Encentuate, Inc. Current
Network Equipment Technologies, Inc. Chairman Current
MIG33 Board of Directors Current
Secure Elements Incorporated Board of Directors Current
Accel Partners partner Former
Cabletron Former
FORE Systems, Inc. Former
Oak Investment Partners Former
DSC Communications Corporation Former
Bay Networks Former
Network Equipment Technologies, Inc. Board of Directors Former
University of Michigan Ph.D. Degrees In Electrical Engineering Former
University of Michigan Master of Science and Ph Former
Georgetown University Bachelor of Arts and Sciences Former
Kansas State University Bachelor of Science Degree In Electrical Engineering Former

Dave Laube is a well-known and respected veteran of the telecommunications industry, with 17 years of senior executive service at US WEST, the former Regional Bell Operating Company (RBOC) that is now part of Qwest Communications where he was most recently Vice President and Chief Information Officer (CIO), leading an organization of nearly 6000 people that was known for its cost effectiveness and customer service. Laube, who is a certified public accountant (CPA), held a number of leadership positions in technology and finance at the company, including vice president, controller, and treasurer of US WEST Communications, and CFO of Mountain Bell and US WEST Cellular. Appointed by Colorado Governor Bill Owens as a commissioner for the Colorado Commission on Science and Technology, he also presently serves on the board of directors for Carrier Access Corporation as well as advisory boards for the business schools of Seattle Pacific University and the University of Colorado at Denver. He is also a contributing author and co-editor of the book "Business Driven Information Technology: Answers to 100 Critical Questions for Every Manager" published by Stanford University Press in 2003.

Organization Position Status
Colorado Commission Commissioner Current
Carrier Access Corporation Board of Directors Current
Network Equipment Technologies, Inc. Board of Directors Current
Seattle Pacific University Board of Directors Current
US West Communications Cfo Former
Qwest Communications International Inc. Chief Information Officer Former
US West Communications Vice President, Controller Former
Stanford University Press Contributing Author Former
Stanford University Press Co-Editor Former
Carrier Access Corporation Chairman Former
US West Communications Treasurer Former
Wharton Graduate School of the University of Pennsylvania MBA Former
University of Washington B.A. in finance Former

Organization Position Status
SS8 Networks Inc. Executive Current
Aware, Inc. Board of Directors Current
Network Equipment Technologies, Inc. Board of Directors Current
SS8 Networks Inc. Board of Directors Current

Organization Position Status
Network Equipment Technologies, Inc. Board of Directors Current
Aware, Inc. Board of Directors Current
Capitol Management Partners General Partner Former
Rutgers University MBA Former
New Jersey Institute of Technology Master of Science Degree Former
New Jersey Institute of Technology Bachelor of Science Degree In Electrical Engineering Former

Organization Position Status
Network Equipment Technologies, Inc. Board of Directors Current

Executive News

  • NETs UC Gateways Extend Capabilities of Sametime Unified Telephony to Deliver VoIP and UC

    TelephonyWorld.com - 7/09/09 - View Story

  • NET's VX1200 Unified Communications Gateway Completes

    Market Wire via MSN Money - 7/08/09 - View Story

  • NET's VX Series Used in Dubai Executive Council's Migration to UC

    TMC Net - 6/25/09 - View Story

  • Network Equipment Technologies: Network Equipment Technologies to Support the Dubai Executive Council's Migration to Unified Communications

    Market Wire - 6/24/09 - View Story

  • Network Equipment Technologies to Support the Dubai Executive

    Market Wire via MSN Money - 6/24/09 - View Story

  • Network Equipment Technologies to Support the Dubai Executive Council's Migration to Unified Communications

    Stockwatch - 6/24/09 - View Story

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     NWK $3.84 -0.02 (-0.52% )
Average Volume 127,201
Shares Outstanding 29.73M
Market Cap 114.2M
Year High 7.45
Year Low 1.76
Earnings Per Share -0.17
P/E Ratio -22.59
Dividend N/A
Yield N/A
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