Movaz Raises $20 Million for its Optical Networking

Movaz Networks closed $20 million in equity financing and secured an additional line of credit for $12 million, supporing its optical networking solutions.Movaz recently announced the in-service deployment of its multi-degree ROADM, providing dynamic reconfigurability across rings, at hub locations, and through spur junctions. The company claims 90 customers around the world and over 4,000 nodes currently in service.Movaz said the combined $32 million financing enables it to support its expanding operations and also provides a solid foundation...

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Redback Reaches Revenue of $48.0 million, up 32% Sequentially

Redback Networks reported net revenue for the fourth quarter of 2005 of $48.0 million, an increase of 32 percent from the third quarter of 2005. Net revenue was up $15.9 million, or 50 percent, over the fourth quarter of 2004. Net revenue for the fiscal year 2005 jumped to $153.3 million, compared with $115.6 million in fiscal year 2004. GAAP net income for the fourth quarter of 2005 was $0.3 million or $0.01 per share attributable to common stockholders compared to a GAAP net loss of $12.0 million or $(0.23) per share in the fourth quarter of...

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Microsoft Launches "Live Labs" Research Initiative

Microsoft announced the formation of "Live Labs," a new initiative between MSN and Microsoft Research aimed at providing "consistency in vision, leadership and infrastructure as well as a nimble applied research environment that fosters rapid innovations."Microsoft Live Labs, which will be headed by Dr. Gary William Flake, noted industry technologist and Microsoft technical fellow, will focus on Internet-centric applied research programs including rapidly prototyping and launching of emerging technologies, incubating entirely new inventions, and...

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Nokia Estimates 2 Billion Mobile Subscribers Globally, 795 Million Mobile Phones Shipped in 2005

Nokia shipped 84 million mobile devices in Q4 2005, up 26% sequentially and 27% year on year. The company calculates it held 34% of the global market, which is it estimates at 244 million units, up 23% sequentially and 25% year on year .Jorma Ollila, Nokia's Chairman and CEO, said "Our quarterly sales reached more than EUR 10 billion for the first time ever this quarter, and we achieved record breaking device volumes and healthy device market share gains during the full year. Nokia's sales grew 16% in 2005, the highest sales growth we have seen...

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Level 3 to Acquire Florida's Progress Telecom for $137 Million

Level 3 Communications agreed to acquire Progress Telecom, a regional wholesale network services company based in St. Petersburg, Florida, for $137 million, consisting of $68.5 million in unregistered shares of Level 3 Common Stock and $68.5 million in cash.The Progress Telecom network features diversely routed fiber, DWDM and SONET connecting nearly 200 POPs across the south-eastern U.S. The infrastructure includes over 8,524 route-miles of fiber and 29 metro networks. Progress Telecom currently generates annualized revenue of approximately $70...

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Tellabs Reports Revenue of $521 million, up 16% YoY

Tellabs reported Q4 2005 revenue of $521 million, up 37% from $379 million in the fourth quarter of 2004. For the year 2005, Tellabs revenue totaled $1.9 billion, up 53% from $1.2 billion in 2004. Compared with the full revenues of Tellabs, AFC and Vinci Systems, revenue increased 16% for the fourth quarter of 2005 and 13% for the full year.Tellabs earned $92 million or 20 cents per share in the fourth quarter of 2005 on a GAAP basis, compared with a year-ago net loss of $139 million or 32 cents per share. Transport -- Revenue from transport systems...

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Avaya and SAP Team on CRM

Avaya and SAP America will jointly market mySAP Customer Relationship Management (mySAP CRM) with Avaya Interaction Center software. Initially, both companies will be working with select customers to build awareness of the relationship and the intrinsic value of Intelligent Communications that will result from the joint solutions that are being developed. The companies said this combination of Avaya intelligent routing within the context of information from mySAP CRM will get the right customer to the right business associate more efficiently,...

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Casio Licenses QUALCOMM's 3G CDMA

QUALCOMM has granted Casio a worldwide license to develop, manufacture and sell subscriber units implementing any 3G CDMA standard. The royalties payable by Casio are at QUALCOMM's standard rates and are the same irrespective of the CDMA standard implemented by the subscriber unit.QUALCOMM also signed a worldwide subscriber unit license agreement with Yulong Computer Technology Co., a subsidiary of China Wireless Technologies, to develop, manufacture and sell subscriber units implementing any 3G CDMA standard (i.e., CDMA2000(R) 1X/1xEV-DO, WCDMA/UMTS)....

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EMC Scales Storage Array to Over One Petabyte

EMC introduced the first storage array capable of scaling to more than one petabyte (1,024 terabytes) of capacity. The record capacity is made possible through the qualification of Symmetrix DMX-3 system configurations supporting up to 2,400 disk drives and the availability of new 500 gigabyte low-cost Fibre Channel (LC-FC) disk drives. The new disk drive technology, which compatible with the company's Symmetrix DMX systems, enables the consolidation of more information, applications and storage tiers into fewer arrays and storage networks. EMC...

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BT to Manage Microsoft's Global Call Center Routing

BT was awarded a 2-year contract to manage Microsoft's global OneCall call center routing. Under the agreement, BT will design, build, deploy and manage a solution to unify and manage Microsoft's contact centers throughout the world into a single network-based contact center environment. The contract calls for an 18-month deployment schedule across 77 Microsoft call centers around the world, with potential to expand to more than a hundred centers globally.The OneCall solution will enable Microsoft's call centers world-wide to be centrally managed...

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Cypress Deploys Overtures Multiservice Access Devices

Cypress Communications has deployed Overture Networks' ISG 5000, ISG 2200, and ISG 45+ multiservice access devices within its fiber and copper infrastructure. Cypress provides managed communications in 29 major metropolitan U.S. markets. Overture's platform is designed to deliver any mix of Ethernet and TDM service combinations. The ISG converged packet access platform supports a variety of interfaces ranging from NxT1/E1 to Gigabit Ethernet.http://www.overturenetworks.comhttp://www.cypresscom....

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Terayon Restructures to Pure-Play Digital Video Company

Terayon Communication Systems is changing its corporate strategy to focus solely on its digital video applications and reduce its overall cost structure as a pure-play video business. The company is reviewing strategic alternatives for its Home Access Solutions product line, including the possibility of a sale."Our decision to concentrate solely on digital video applications enables us to laser-focus the company on a growing market for real-time network digital video processing and expand our applications and services," said Jerry Chase, Terayon,...

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Broadcom Posts Revenue of $820 Million, up 18% Sequentially

Broadcom reported net revenue for the fourth quarter of 2005 of $820.6 million, an increase of 18.1% from the $695.0 million reported for the third quarter of 2005 and an increase of 52.1% from the $539.4 million reported for the fourth quarter of 2004. Net income (GAAP) was $194.8 million, or $.50 per share (diluted)."Trends in communications and convergence provided a one-two punch that drove Broadcom to record levels of revenue, net income, and cash and marketable securities in 2005," said Scott McGregor, Broadcom's President and Chief Executive...

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Acme Packet Supplies Session Border Controllers to Korea's DACOM

Dacom, the second largest long-distance service provider in Korea, is deploying Acme Packet's Net-Net session border controllers in its national, VoIP network. The Net-Net products are being integrated with the Dacom's Next Generation IP Softswitch platform to offer more enhanced services. CommVerge Solutions Korea is the network integrator.http://www.acmepacket....

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Verizon Reports 613,000 Broadband Net Adds and Record Wireless Growth

Verizon Communications reported Q4 revenues of $19.3 billion and earnings of $1.7 billion, or 59 cents per diluted share, highlighted by an industry-record quarterly total for net new wireline broadband connections, as well as continued record growth and sustained margins at Verizon Wireless.The earnings were down compared with $3.0 billion, or $1.08 per share, in the fourth quarter 2004. Highlights for the quarter include:Verizon's wireline business segment added a net of 613,000 wireline broadband connections (DSL and FiOS), giving the company...

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AT&T Posts Q4 Revenues of $12.97 Billion

In its first quarterly financial report since closing its mega-merger, the new AT&T reported consolidated fourth-quarter 2005 revenues of $12.97 billion and earnings of $1.66 billion, or $0.46 per diluted share, including special merger and hurricane recovery related items. The results were ahead of market forecasts driven by growth at Cingular Wireless, broadband and enterprise services.Some highlights for Q4 2005:Wireline segment revenues, which are made up of former SBC wireline results, totaled $9.43 billion, up 1.3 percent from the fourth...

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