Therese Poletti writes the 'Tech Tales' column for MarketWatch. Follow her on Twitter @tpoletti.
Jim Whitehurst, the recently named interim chief executive of Unity Software, has a brief window of time to restore trust between the troubled gaming development company, its investors and developers.In a brief Zoom call with analysts after Unity’s U, -3.15% disappointing third-quarter results Wednesday — in which the company offered no guidance for the fourth quarter — Whitehurst and Chief Financial Officer Luis Visoso said they are “examining the company from top to bottom.
“I mean, this is a ‘rip off the Band-Aid’ reset, and then we’re going,” said Whitehurst, who is also the former CEO of Linux developer Red Hat, owned by IBM Corp. IBM, +0.17%. But the problem facing Unity at this pivotal moment is that the needs of investors and its developer customers are not necessarily aligned. Wall Street wants revenue growth and profits, while game developers want cutting-edge software to help them build and advertise their games at the lowest price.
“It started off very, very negative — but as soon as we started getting into some of the features we’re driving, all of a sudden they went from, ‘We don’t want to deal with you’ to, ‘Oh, can we be an early beta customer?'”
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