In February George Soros reported that he had bet 9.4 million shares on videoconferencing player Polycom which replaced its CEO in December 2013. But a fast-growing upstart is threatening the videoconferencing industry structure which has been dominated by Cisco Systems CSCO and Polycom. Does that mean Soros made a bad bet?
The upstart is Tely Labs, an “under 50-person” Redwood City, Calif.-based startup that’s “doubling its revenues year over year.”