Shigemura, who commutes to Edmonton from his home in Silicon Valley, was previously chairman of Alidian Networks, an optical edge equipment company that shut its doors late last year after several rounds of layoffs (see Headcount: We're Baaaack!).
"I joined [YottaYotta] because I think the company has a huge and great market opportunity," Shigemura says. "The company has a talented team of very hard-working people, and the product itself -- it's more than just a SAN. It solves some significant storage problems like cache coherency."
Previously, he was VP of marketing in the data networking group at Lucent Technologies Inc. (NYSE: LU), which he joined via Lucent's acquisition of Yurie Systems. Shigemura is also on the board of directors of core optical switch vendor Tellium Inc. (Nasdaq: TELM).
Can Shigemura yank YottaYotta off the one-way track to oblivion? The fact is, he wasn't able to save Alidian. And two former YottaYotta employees we spoke with are skeptical that anyone can save it now.
"They have little money, no product, and no customer spending," says one former YottaYotter, who left the company last fall. "Things just don't add up in their favor."
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