eOn Communications (EONC) Announces Additional Restructuring
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eOn Communications Corporation (Nasdaq: EONC) reported additional changes designed to improve profitability and better focus product development for its U.S. and China customer base and market opportunities.
After reviewing the effectiveness of multiple Engineering efforts, the Company has concluded that we need to reduce the multiple offshore facilities currently supported by eOn. Effective May 1, 2008, eOn will no longer maintain an engineering presence in India. Engineering emphasis will remain within the North American based teams in San Jose, California; Kennesaw, Georgia; Corinth, Mississippi; and Guelph, Canada with expanding engineering resources in China.
In addition to these changes, eOn's Chief Operating Officer, Mitch Gilstrap, has resigned to pursue other opportunities and eOn's Chief Technology Officer, Vijay Sharma, has departed eOn Communications focusing his efforts on new directions. [SM]
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