StarBand Communications Inc. is on track to break even by early 2003 and does not plan to depend on additional investments as it looks to emerge from bankruptcy protection, according to the U.S. satellite Internet provider’s top executive.
StarBand recently completed a round of deep cost-cutting that has brought the company’s expenses more in line with current and expected revenue, said Zur Feldman, chairman and chief executive officer (CEO) of the company. While Feldman would not rule out further steps to reduce expenditures, he said StarBand’s focus has shifted from containing its expenses to returning to growth.
"We’ve been through a painful process of cutting, and I’d like to think we’re not going to have to go through this type of pain again," Feldman said in an Oct. 3 interview at StarBand’s McLean, Va., headquarters.
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