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Fortinet Acquires Assets of Woven Systems

Fortinet, which specializes in unified threat management (UTM) solutions, acquired certain assets and intellectual property of Woven Systems, a start-up that was developing high-performance…

Sony Ericsson Appoints New President

Bert Nordberg has been appointed President of Sony Ericsson and Sir Howard Stringer, Chairman, CEO and President of Sony Corporation, will take on the…

Sonus Announces 10% Workforce Reduction

Sonus Networks announced plans to cut its workforce by approximately 93 people, or 10% of employees worldwide. The company expects to incur restructuring charges…

Nortel Reports Stabilization in Q2

Nortel reported Q2 revenue of $1.97 billion, down 25 percent compared to prior year period but up 14 percent compared to the first quarter…