This should provide some nice reading material over the weekend. Huw Rees 8x8's current VP of Marketing came from Mitel, which is a subsidiary of 8x8 in Canada. It's larger with 2,000 employees and a similar or same business model. They specialize in network systems used by small and medium-sized businesses primarily in the US to migrate from legacy voice phone systems to Internet-protocol (IP) equipment that handles both voice and data. Anyway, Bert Hill, Ottawa Citizen wrote a recent article about them dated Sept 25, 2012 "y.ahoo.it/xZVQU" which noted Standard & Poor’s Ratings Services has cut its investment outlook for Mitel Networks from "stable" to "NEGATIVE" after a sharp drop in anticipated sales THIS QUARTER due to a weakening economy and short-term sales issues. They also noted the LARGER players were not affected. It's a good read. The company is understandably nervous as an estimated $10,000,000 in sales SUDDENLY DISAPPEARED IN JULY as global economic troubles grew. WOW, right after their JUNE quarterly filing, AMAZING !!! 8x8 is doing the same as Mitel, all the way down to the handing out profit-sharing cheques. The more research I do, the more I am convinced. Never believe FLUFF PR #$%$ !!!
Prior to joining 8x8, Huw Rees "Vice President of Business Development" worked at Mitel Corporation and was previously Chief Executive Officer of Centile, Inc., a former subsidiary of 8x8. You have apparently not done any DD on any of the board members. y.ahoo.it/otINJ