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 KeatingNumber of Employees 254
Peer Companies
NAICS Code Computer Terminal Manufacturing: 334113
Recent Events
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Network Equipment Technologies NWK Announced Separation of McGrath as CFO and VP
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Estee Lauder Companies Delivers Strong Earnings Per Share in First Quarter of Fiscal 2010; Progress...
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Network Equipment Technologies Partners with Tango Networks
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Multi-Branch Credit Union Deploys Network Equipment Technologies' VX Series to Support Unified Communications
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Este Lauder Companies Delivers Strong Earnings Per Share in First Quarter of Fiscal 2010; Progress...
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Outsourcing's sticking points
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• A winning formula for fashion retail
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Network Equipment Technologies Q1 net loss narrows
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New chief for Net oversight
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NET's VX Series Used in Dubai Executive Council's Migration to UC
News & Analysis
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network equipment technologies inc. - All News and Analysis
Network Equipment Technologies F2Q10 (Qtr End 09/25/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Our first question comes from the line of Greg Mesniaeff with Needham and Company. Unidentified Analyst This is inaudible calling in for Greg. My first question is if you could comment maybe a little bit more on the government business and order push-out you saw...
Network Equipment Technologies, Inc. F1Q10 (Qtr End 06/26/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions Your first question comes from the line of Mr. Greg Mesniaeff with Needham & Co. Please proceed, sir. Greg Mesniaeff – Needham & Co. Yes, thank you. And congratulations on a nice job on the quarter. I have a question on the pilot activity that...
Network Equipment Technologies, Inc. F1Q10 (Qtr End 06/26/09) Earnings Call Transcript
Network Equipment Technologies, Inc. NWK F1Q10 (Qtr End 06/26/09) Earnings Call Transcript
Network Equipment Technologies, Inc. F4Q09 (Qtr End 3/27/09) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes Greg Mesniaeff - Needham & Company. Greg Mesniaeff - Needham & Company Actually, I have a two-part question on the government business. You had mentioned that not only did the government business decline in the quarter both year-over-year and...
Network Equipment Technologies, Inc. Q3 2009 Earnings Call Transcript
Earnings Call ExcerptNetwork Equipment Technologies, Inc. NWK Q3 2009 Earnings Call January 28, 2009 at 4:30 pm ET Executives Leigh Salvo - Investor Relations Nick Keating - President and Chief Executive Officer John McGrath - Vice President and Chief Financial Officer Analysts Greg Mesniaeff - Needham & Company...
Network Equipment Technologies, Inc. F3Q09 (Qtr End 12/26/09) Earnings Call Transcript
Earnings Call ExcerptNetwork Equipment Technologies, Inc. NWK F3Q09 Earnings Call January 28, 2009 at 4:30 pm ET Executives Leigh Salvo - Investor Relations Nick Keating - President and Chief Executive Officer John McGrath - Vice President and Chief Financial Officer Analysts Greg Mesniaeff - Needham & Company Presentation Operator...
Network Equipment Technologies, F1Q09 Qtr End 27/06/08 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. And your first question comes from the line of [Ben Chickrell] of Wachovia Securities. Ben Chickrell - Wachovia Securities Hey guys. Hello. John McGrath Yes, right here. Ben Chickrell - Wachovia Securities Okay. Might be the only one here. Could...
Network Equipment Technologies, Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions And your first question comes from Anton Wahlman. Please proceed. Anton Wahlman – ThinkEquity Partners John, I have a mathematical question for you and something is not agreeing in my Excel and I can't get it to change. Basically your pro...
Colfax International Offers Its Customers NET's InfiniBand Bridging Solutions to Enable High-Performance Virtual Clustering Across Campuses and WANs
Network Equipment Technologies, Inc. NET (NYSE: NWK) today announced that Colfax International, a global supplier of high-performance enterprise computing systems, will offer NET's NX5000 Series InfiniBand bridging solutions to its marquee customer base of large corporations, educational institutions, R&D laboratories and government agencies. By doing so, Colfax International will...
Network Equipment Technologies F3Q08 (Qtr End 12/31/07) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Eric Buck - Brean Murray, Carret & Co. Eric Buck - Brean Murray, Carret & Co. First of all on the Microsoft Certification congratulations on that. I was just curious as exactly what products...
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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
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NETs UC Gateways Extend Capabilities of Sametime Unified Telephony to Deliver VoIP and UC
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NET's VX1200 Unified Communications Gateway Completes
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NET's VX Series Used in Dubai Executive Council's Migration to UC
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Network Equipment Technologies: Network Equipment Technologies to Support the Dubai Executive Council's Migration to Unified Communications
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Network Equipment Technologies to Support the Dubai Executive
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Network Equipment Technologies to Support the Dubai Executive Council's Migration to Unified Communications
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