Juniper Posts Revenue of $1.07 Billion, Down 4% YoY
Juniper Networks' Q2 revenue increased 4% sequentially, and decreased 4% on a year-over-year basis, to $1,074 million. GAAP net income came in at $58 million, or $0.11 per diluted share,...
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ZTE Lands US$281.5 million Contract with China Telecom
ZTE announced a contract valued at US$281.5 million contract for the largest share in China Telecom’s 2012 CDMA Purchase Project. Through this project, ZTE will gain a cumulative share of...
Broadcom Posts Record Revenues of $1.971 billion – Up 9.7% YoY
Broadcom reported record net revenue for the second quarter of 2012 of $1.971 billion, up 7.9% compared with the $1.827 billion reported for the first quarter of 2012 and an...
VSS Monitoring Scales its Packet Broker for Network-wide Visibility
VSS Monitoring introduced a new suite of network packet brokers (NPBs) that leverage a unique fabric-system approach for interconnecting network monitoring and security systems. The new VSS Monitoring product family,...
Mindspeed Posts Results, Notes 3 LTE Small Cell Design Wins
Mindspeed reported quarterly net sales of $35.5 million and a loss per share of $0.12 on a non-GAAP basis, or a loss per share of $0.18 on a GAAP basis....
VMware to Acquire Nicira for $1 Billion for Network Virtualization
VMware agreed to acquire Nicira, a start-up focused on software-defined networking (SDN) for approximately $1.05 billion in cash plus approximately $210 million of assumed unvested equity awards. The goal of...
Infonetics: Carriers Like 100GE, MPLS, SDN, But Not So Much 40G
A new Infonetics survey of global carriers on their SDN, 40G/100G, and MPLS Control Plane Strategies finds a strong interest in software-defined networking (SDN) to simplify network provisioning. "The networking...
Reliance Pulls IPO for its FLAG Subsidiary
Reliance Communications withdrew plans for an initial public offering in shares of its FLAG Telecom subsidiary. Reliance had planned a public listing in Singapore. FLAG operates the 28,000-km Fiber-Optic Link...
Infonetics: Global Market for IP/MPLS and Ethernet Services Surges Ahead
Both IP MPLS VPNs and Ethernet services grew at a combined 13% in 2011 to just over $50 billion, fueled by surging data traffic, cloud services, and cost-cutting initiatives, according...
AT&T Workers to Get 2-3% Annual Sales Increase Under New Contract
AT&T outlined some of the provision in the tentative labor agreements with the Communications Workers of America in core wireline operations for the AT&T Midwest region and AT&T Corp. Key...
EchoStar XVII Satellite on Target
Hughes Network Systems confirmed that its newly launched EchoStar XVII satellite was successfully placed into its permanent geosynchronous orbital slot of 107.1 degrees West longitude last week. Testing is underway...
Ciena Supplies Metro Net for Israel Credit Cards
Cal (Israel Credit Cards Ltd) has selected Ciena and its partner Telrad to build a high-capacity, low-latency private optical network connecting its new data centre in Yehud to its main...
Palo Alto Networks Rises 26.5% in IPO
On the first day of trading, shares in Palo Alto Networks (NYSE: PANW) rose 26.5% to close at $53.13. This gives the company a market cap of $1.09 billion. President...
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