CAMPBELL, Calif.—P-Com Inc., a manufacturer of point-to-point and point-to-multipoint wireless systems, said it is going forward with a restructuring plan that includes strengthening the management team, introducing new products and reducing operating expenses by $3.3 million in hopes of returning the company to profitability by the fourth quarter.
George Roberts, chairman of the board and founder of the company, has been named interim chief executive officer, replacing Jim Sobcak. Randy Carl was appointed senior vice president of sales, and John Wood is now the chief technical officer.
P-Com is consolidating its research and development and manufacturing operations, closing four facilities in the United States and the United Kingdom.
The company also said it is laying off 42 employees by the end of the first quarter. P-Com has reduced its work force by 41 percent during the last four quarters, from 612 employees to 363.
Roberts said P-Com is going to concentrate on supplying wireless broadband equipment and services to wireless carriers.
