ShoreTel to explore strategic alternatives including a sale

ShoreTel could be the next unified communications player to sell out to the highest bidder and follow Polycom.

ShoreTel said it is forming a committee to evaluate "a range of strategic alternatives" including a sale, divestments, joint ventures, restructuring, and partnerships.

The company is a key unified communications and phone systems vendor and is moving toward more of a cloud model. The business model transition rhymes with what Polycom was facing. Polycom initially planned to sell to Mitel, but then it took a better offer from Siris Capital with plans to go private.

In addition to looking at strategic moves, ShoreTel reported better-than-expected sales for its fiscal fourth quarter. The company reported a fourth quarter net loss of $700,000, or a penny a share, on revenue of $94.6 million. Non-GAAP earnings for the quarter were 5 cents a share.

Wall Street was looking for a non-GAAP loss of a penny a share on revenue of $90.57 million.

shoretel-q4-2016.png

As for the outlook, ShoreTel projected first quarter revenue between $86 million to $92 million. That outlook is in the range expected by analysts.

Hortonworks acquires SequenceIQ for speedy Hadoop in the cloud

Hortonworks says it plans to incorporate SequenceIQ's portfolio into the Hortonworks Data Platform and ultimately transition the technology to the Apache Software Foundation.

Read More