A journal for networking and telecoms
Coverage archive
Browse Converge Digest reporting from this month.
Reporting
Conexant Systems announced actions to reduce its channel inventory by $50 million during its first fiscal quarter, which ends Dec. 31, 2004. As a result of this new inventory initiative, Conexant now anticipates that first fiscal quarter revenues will be approximately $140 million. In November, the company expected revenues between $175 million and $185 million. […]
NexTone Communications introduced a new session management solution that combines both transport and application QoS to deliver deterministic performance for real-time services over converged IP networks. The new platform includes a NEBS3-compliant, chassis-based Real-time Session Manager (RSM), which acts as a centralized policy manager and enforcement point to manage network resources and optimize call distribution, […]
Nortel Networks obtained a new waiver from Export Development Canada (“EDC”). The new waiver from will remain in effect until the earlier of certain events including the date on which the company’s past financial reports have been filed with the SEC; or January 15, 2005. If the company fails to file the reports by January […]
SBC Communications announced a 3.2% increase in its quarterly dividend from 31.25 cents a share to 32.25 cents a share, or 4 cents a share on an annual basis, from $1.25 to $1.29 a share. SBC said this marks its 20th consecutive year for dividend increases. http://www.sbc.com
China Telecom has selected Ericsson as the total solution integrator for building its next-generation IP backbone network, known as ChinaNet Next Carrying Network (CN2). According to the contract, Ericsson will provide total solutions for the entire national core network of CN2 and the major part of its backbone network in the southern and western parts […]
Lucent Technologies will supply Tollgrade Communications’ broadband test equipment for deployment throughout Saudi Telecom Company (STC). The project marks the first significant international selection of Tollgrade’s DigiTest EDGE multi-layer broadband test system. The companies said Tollgrade’s testing technology was selected for both POTS and DSL service. Tollgrade solutions will be incorporated into a network comprised […]
As part of its agreement to settle class action shareowner and related litigation that began in 2000, Lucent Technologies distributed 200 million warrants to purchase an equal number of shares of common stock at an exercise price of $2.75. The company also said that it will pay the remaining $215 million to the settlement fund […]
Intelsat reported that 22 transponders on the Intelsat-Americas-7 satellite have been tested, are performing normally and are available to be put back into service. Already, several of these transponders are being used to provide service to Intelsat customers. Intelsat has temporarily delayed the launch of its IA-8 satellite pending the on-going investigation into the anomalies […]
Cisco Systems marked the 20th anniversary since its founding on December 10, 1984 by two Stanford University scientists. Since then, Cisco has grown from a start-up business with two employees to a global company with more than 35,000 employees in 259 cities worldwide and $22 billion in revenue. In its infancy, the company manufactured one […]
The U.S. Senate passed a Commercial Spectrum Enhancement Act (H.R. 5419) to facilitate the clearing and auction of 90 MHz of spectrum held by the federal government for Advanced Wireless Services. The bill also includes funding for state and local governments for wireless E911 and addresses accounting issues involving the Universal Service Fund. The legislative […]
The Siemens Communications Group will acquire Chantry Networks, a Boston-based start-up that provides secure integrated mobility management solutions for WLANs. Financial terms were not disclosed. Unlike traditional Layer 2 switch-based offerings, Chantry Networks’ BeaconWorks provides wireless connectivity directly over IP. Intelligent wireless subnets enable differentiated provisioning and policing between different types of user groups, over […]
Vodafone will be the first global mobile telecommunications operator to undergo trials with Connexion by Boeing, aimed at extending Vodafone’s laptop data mobility services in flight. The trial, due to start this month, will test the Vodafone customer experience with the Connexion by Boeing real-time, in-flight Internet service, which operates in a similar manner to […]
Siemens AG has awarded a four-year, global networking contract valued at $174 million to AT&T. The contract extends and expands a long-standing relationship between the two companies. AT&T is Siemens’ primary networking services provider in North and South America, Asia Pacific, the Middle East, Africa and parts of Europe, providing a standardized 800-plus node network-based […]