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August 27, 1998

DOLPHIN TIGHT-LIPPED OVER EXTENT OF REORGANIZATION

By CBR Staff Writer

Dolphin Interconnect Solutions Inc announced its expected restructuring yesterday (CI No 3,482), but was revealing few details about the extent of the cuts, or its future business directions. Peter Schnoor, president and chief operating officer and the primary spokesperson for the company for the past year, is not mentioned in the list of remaining executives at the firm, but no one at Dolphin could be reached to confirm that he had left the company – as seems likely – before we went to press. Dolphin’s public relations company, Focus Communications, said it hadn’t been authorized to comment. Martin Albert, once CEO as well as chairman, remains on as chairman, while JC Darden, a member of the board of directors, has been drafted in as the new CEO. The controller and chief financial officer both stay, while Kate Lochson continues as managing director of Dolphin Interconnect Solutions AS in Oslo – once the parent company but now referred to as a wholly owned subsidiary of the Westlake, California-based US operation. Dolphin says it will retain both its Westlake and Massachusetts offices as well as the Oslo branch. Albert said the reorganization would enable the company to achieve positive cash flow from its present operations and speed up the introduction of planned product enhancements to its SCI system area network interconnect, currently used by Data General Corp, Siemens Nixdorf and Sun Microsystems Inc. As expected, the ToolWorks division, working on programming tools for multiprocessor and distributed computing, is to begin operations as a separate division, and has not been restructured. The unit’s main product is the widely used TotalView parallel systems debugger. Dolphin acquired the technology from BBN Corp back in 1996 (CI No 3,017).

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