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Ericsson Completes Telcordia Acquisition

Ericsson completed its previously announced acquisition of Telcordia for US$1.5 billion in cash. Telcordia is now part of the Ericsson Group and its approximately…

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Mindspeed Cuts Financial Guidance

Mindspeed Technologies cuts its financial guidance for its fiscal first quarter of 2012, which ended on December 30, 2011. The company now expects revenues…

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Procera Names VP of Worldwide Sales

Procera Networks named Brian Ahearn as its Sr. Vice President, Worldwide Sales. He previously worked at 2Wire, (recently acquired by Pace plc), where he…

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Acme Packet Cuts Guidance

Citing uncertainty in the North American service provider market, Acme Packet trimmed its financial guidance for Q4 2011. Based on preliminary fourth quarter estimates…

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Rambus Boosts Q4 Guidance

Rambus increased its revenue guidance for Q4 2011, saying it now expects revenue to be approximately $83 million. Rambus initially provided revenue guidance for…

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LightSquared Appoints Marc Montagner as CFO

LightSquared has appointed Marc Montagner as its new chief financial officer. He previously served as executive vice president, sales, marketing and strategy for SkyTerra,…

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Cavium Trims Guidance

On December 27, Cavium cut its financial guidance for the fourth quarter of 2011. The company currently expects that revenue in the fourth quarter…

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Infinera's CTO to Step Down

Drew Perkins will step down as Infinera’s chief technology officer to pursue other opportunities and will continue to support Infinera in a technical advisory…