Business 2.0 reports that Vivato has run through most of its money without selling much product [subscription required]: Matt Maier discloses a number of facts about Vivato, the high-flying antenna/switch company with the phased-array system that could span kilometers of open-source or entire floors of buildings.
The initial antenna is apparently no longer in production, and it had only 50 customers and $3 million in revenue last year. Maier reports that the company has burned through most of its money and lost or let go many staffers at all levels of the company. A new CEO, interim since October and now fully in charge, plans to slash research and development in favor of less-cutting edge products.
Maier concludes that Vivato is finally planning to launch its follow-up product in February: a switch based on the faster 802.11g standard. If it fails, Vivato isn't likely to get another chance.