Marvell Reports 12% Sequential Rise in Revenue

Marvell reported record quarterly revenue of $168.3 million for the three months ended 03-May-2003, an increase of 70% over net revenue of $98.8 million for the same period last year and a 12% sequential increase from the prior quarter. The period was Marvell's 22nd consecutive quarter of growth. Net income (GAAP) was $4.4 million, or $0.03 per share (diluted). The company said its revenue growth is being driven by the continued adoption of Gigabit Ethernet and its integrated system-on-chip storage solutions. Bookings remain strong for the new quarter.
http://www.convergedigest.com

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Equant Names New CFO

Equant announced the appointment of Jacques Kerrest as its new CFO, replacing John Allkins, who is leaving the company to pursue other interests. Kerrest most recently served as CFO of Harte-Hanks, a customer relationship management and business solutions company.
http://www.equant.com

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NYT: Phone Companies See Their Future in Flat-Rate Plans

The trend toward flat-rate, unlimited local + long distance calling has spread from mobile networks to nearly all the major US wireline service providers. With usage and distance-based pricing models out of favor, carrier will rely on service bundling to sustain the revenue. Commentators tell The New York Times that network usage typically has doubled when all-you-can-eat plans are introduced.
http://www.nytimes.com/2003/05/23/business/23PHON.html

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Nikkei: Japan Considers Lifting NTT's Fiber Lease Obligations

The government of Japan is considering eliminating the requirement for NTT to lease its fiber lines to competitors, according to Nikkei Electronics Asia. The Ministry of Telecommunications submitted the proposal to the Diet's upper house following complaints from NTT that electrical utilities, which also are building fiber networks, do not have a similar burden.http://neasia.nikkeibp.com/wcs/leaf?CID=onair/asabt/news/248508

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