PMC-Sierra Posts Revenue of $71.5 Million, up 8% over Q1

PMC-Sierra reported Q2 net revenues of US$71.5 million, an increase of 8% compared with $66.1 million for Q1 2005, and a decrease of 17% compared with Q2 2004. Net income (GAAP) in Q2 was $7.2 million (non-GAAP diluted earnings per share of $0.04) compared with non-GAAP net income of $3.9 million (non-GAAP diluted earnings per share of $0.02) in Q1 2005.


"We experienced solid growth in our telecom metro transport business and the company's storage revenues grew robustly," said Bob Bailey, chairman and CEO. "We are continuing to see strong activity in Asian geographies and are focused on growth opportunities including 3G Wireless and VoIP applications."http://www.pmc-sierra.com/

Read More

Vonage and VTech Launch 5.8 GHZ Cordless VoIP System

Vonage will begin offering a 5.8 GHz cordless broadband phone system configured with its flat-rate VoIP service at over 8,000 retailers across the U.S.

The VTech phone base has integrated routing features that eliminates the need to purchase a separate router to share the broadband connection with other PC. It plugs directly into the broadband connection (or existing router) and come with two handsets and is expandable to up to four. The retail price of the system is $149.00 (minus $50 rebate) and the price for additional handsets is $49.99 per device.


VTech's phone uses Texas Instruments' TNETV1060 VoIP chipset.
http://www.vonage.com
http://www.vtech.com

Read More

Telecom Italia Rolls out IPTV with Alcatel, Microsoft and Pirelli

Telecom Italia has begun free trials of its new IPTV service in Rome, Milan, Bologna and Palermo, and said it remains on track to launch commercial services in 21 cities across the country this autumn. The commercial service will feature live TV, including Serie A TIM and B TIM Italian football, top Italian basketball, a VOD library of 600 films plus 30 new films per month, reality shows and other special events. Initially, the IPTV service will be delivered over 4 Mbps ADSL connections on Telecom Italia's network.


Key technology partners include:

• Alcatel, which is supplying ADSL access devices and its Open Media Suite set top box video entertainment TV distribution platform.



• Microsoft, which is providing its Microsoft TV IPTV Edition software



• Pirelli Broadband Solutions, which is supplying intelligent modular routers for home networking, including multiple high-speed Internet connections, VoIP and Wi-Fi via the set top box.

http://www.telecomitalia.com

Read More

SBC's Earnings Dip, 360,000 DSL Adds in Q2

SBC's second-quarter 2005 revenues totaled $10.3 billion, up 1.3 percent versus the year-earlier second quarter and EPS were $0.43 before Cingular merger-related costs and a charge for termination of an agreement with WilTel Communications, which will continue to provide transitional and out-of-market long distance services to SBC under a new agreement following the close of SBC's planned acquisition of AT&T.


Some highlights for the quarter:

• Wireline revenues totaled $9.4 billion, up 1.6 percent from $9.2 billion in the second quarter of 2004. Wireline business revenues increased 4.8 percent, and consumer revenues grew 2.6 percent. The growth in business and consumer revenues was partially offset by declines in wholesale revenues.



• Wireline data revenues grew 9.9 percent versus results in the year-earlier second quarter to an SBC record of $3 billion, driven by DSL/Internet growth, along with solid results in transport and integration services.



• DSL - SBC added 360,000 DSL lines in Q2, as the company said it was affected by end-of-school-year seasonality. This compares with a net gain of 315,000 DSL lines in Q2 a year ago. SBC ended June with 6 million DSL lines in service. Consumer DSL penetration of its primary retail lines now stands at 21%. DSL/Internet revenues grew 21.8 percent versus the second quarter of 2004 and were up 5 percent from the first quarter of this year.



• Project Lightspeed -- SBC said it now expects a controlled introduction a the end of 2005 or early 2006 and plans to add more features, functionality and markets in mid-2006.



• Satellite TV -- SBC ended Q2 with 404,000 SBC Dish subscribers, a net gain of 10,000 for the quarter.



• Long Distance - SBC's total long distance lines increased by 770,000 to 22.8 million in service. At the end of Q2, 61 percent of SBC's consumer retail lines and 42 percent of its retail business voice lines included long distance service.



• Access Lines - SBC's total retail consumer primary lines declined by 186,000, again reflecting end-of-school-year seasonality. This compares with a decline of 394,000 in the year-earlier second quarter and a gain of 16,000 in Q1 2005. Consumer additional lines declined by 110,000 in Q2 versus a decline of 164,000 in Q2 2004 and a decline of 104,000 in Q1 2005. SBC's retail business line base increased by 6,000 in Q2, compared with a decline of 228,000 in Q2 a year ago and a decline of 45,000 in Q1 2005. As expected, SBC's switched wholesale lines declined by 527,000 in Q2 2005 due to a 690,000 decline in UNE-P lines. Switched wholesale lines increased by 137,000 in Q2 2004 and declined by 343,000 in Q1 2005. SBC ended the second quarter of 2005 with 51 million total switched access lines.



• SBC generated $3.8 billion in cash from operations and received an additional $586 million in cash from Cingular Wireless.

http://www.sbc.com

Read More

Level 3 Reports Decline in DSL/Modem Aggregation, Growth in Core Transport & IP

Level 3 Communications reported Q2 consolidated revenue of $910 million, compared to $1.01 billion for Q1 2005. Communications revenue was $371 million in the second quarter versus $510 million for the previous quarter, which included $129 million in termination revenue. Information services revenue was $520 million compared to $483 million for the previous quarter. The net loss for the second quarter 2005 was $188 million, or $0.27 per share, compared to $77 million or $0.11 per share the previous quarter.


Communications services revenue excluding termination revenue decreased by $13 million quarter over quarter primarily due to expected declines in DSL aggregation revenue and managed modem revenue. Additionally, revenue from the company's wholesale voice business declined as a result of one customer's decision to reduce voice termination traffic. These declines in revenue were partially offset by an increase in revenue from the company's transport, wholesale IP, and other wholesale and consumer voice services.


Level 3 Communications said its core transport and IP services continued to see growth and demand primarily from cable operators, content providers, wireless providers and other key customer segments.


Average traffic volume on Level 3's Internet backbone now exceeds 3.0 petabytes per day. The company also continued to see growth in subscribers for its consumer and enterprise oriented VoIP services.


"We exceeded our revenue projections this quarter primarily as a result of growth in our core transport and IP businesses and higher reciprocal compensation," said James Q. Crowe, CEO of Level 3.
http://www.level3.com

Read More

Sirenza Microdevices Offers WiMax Modules

Sirenza Microdevices release the first in its new family of Phase-Locked Loop Synthesizer Modules (PLLs), targeting WiMAX (802.16-2004) infrastructure applications. Sirenza said it is working closely with several WiMAX equipment OEMs to develop custom voltage-controlled oscillators (VCOs) and PLL modules for new WiMAX radio designs that operate in the 2.3GHz, 2.5GHz, 3.5GHz and 5.8GHz bands.
http://www.sirenza.com/

Read More

Foundry Reports 14% Sequential Revenue Growth

Foundry Networks reported Q2 revenue of $96.6 million, compared to $84.6 million for the first quarter of 2005, and $97.8 million for the second quarter of 2004. Foundry earned net income of $9.6 million, or $0.07 per diluted share, in the second quarter of 2005, compared to net income of $9.9 million, or $0.07 per diluted share, in the first quarter of 2005, and net income of $15.0 million, or $0.11 per diluted share, in the second quarter of 2004.


"We are pleased with the sharp rebound achieved in our enterprise business during the second quarter of 2005," said Bobby Johnson, President and CEO of Foundry Networks.
http://www.foundrynetworks.com

Read More

Broadcom Posts Revenue of $604.9 million, up 9.9% over Q1

Broadcom reported Q2 revenue of $604.9 million, an increase of 9.9% from the $550.3 million reported for the first quarter of 2005 and a decrease of 5.7% from the $641.3 million reported for the second quarter of 2004. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the second quarter of 2005 was $15.1 million, or $.04 per share (diluted), compared with GAAP net income of $69.2 million, or $.19 per share (diluted), for the first quarter of 2005, and GAAP net income of $63.8 million, or $.18 per share (diluted), for the second quarter of 2004.


"Revenue in each of our major businesses increased 8% to 15% on a sequential quarterly basis, highlighting the strength of Broadcom's diverse products and end markets," said Scott McGregor, Broadcom's President and CEO.
http://www.broadcom.com

Read More

Nokia Reports Sales Growth of 25% YoY, Expects Mobile Device Market to Reach 760 Million Units this Year

Nokia reported Q2 revenue of Q2 revenue of EUR 8.1 Billion and EPS EUR 0.18, representing overall sales growth of 25% year on year for the quarter.


In mobile device volumes, Nokia saw year-on-year growth of 34%, which pushed its market share in mobile devices up to an estimated 33%. Nokia said overall industry volumes were slightly higher than expected, prompting the company to upgrade its full-year market estimate by 20 million to about 760 million units.


The growth came primarily from emerging markets where low-end products predominate and pricing pressures are currently intense. Average selling prices continued to edge downwards. This was certainly the case for Nokia in the second quarter, which in turn reported lower profitability.


Third-quarter Nokia group net sales are expected to be in the range of EUR 7.9 billion to EUR 8.2 billion, compared with EUR 7.1 billion in the third quarter 2004. EPS (diluted) is expected to be in the range of EUR 0.14 to EUR 0.17, compared with EPS (diluted) EUR 0.15 in the third quarter 2004. http://www.nokia.com

Read More

China Netcom Selects Redback for IPTV

China Netcom's Heilongjiang Communications division is deploying Redback Networks' SmartEdge 800 Service Gateways in Harbin, the provincial capital. The SmartEdge platform will be used for new broadband services such as IPTV and Video on Demand as well as advanced business services such as Virtual Private Networks over MPLS. Financial terms were not disclosed.


Heilongjiang Communications , together with Liaoning, Hebei, Shandong and Inner Mongolia, is now the fifth major China Netcom subsidiary utilizing Redback equipment to build their broadband IP infrastructures.
http://www.redback.com

Read More

Sharp Debuts Flash/SCRAM Memory for 3G Phones

Sharp introduced a high-speed combination flash/SCRAM memory device featuring a throughput of 320 MBps, more than three times the transfer rate of its predecessor model. Higher performance memory could be used in 3G phones for advanced features, such as higher-resolution megapixel CCD cameras, full-motion video functions, and other software applications. http://sharp-world.com/corporate/news/050720.html

Read More