Sycamore to Restate 2003-05 Results due to Stock Option Grants

Following its internal investigation into its stock option grants, Sycamore Networks reached a preliminary conclusion that the appropriate measurement dates for financial accounting purposes of certain stock option grants differ from the recorded grant dates of such awards. Sycamore now plans to restate historical financial statements for 2003 to 2005 to record additional non-cash charges for stock-based compensation expense related to past option grants. The company has not yet determined the aggregate amount of additional non-cash charges for...

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IEEE-SA Adopts Plan to Move 802.20 Broadband Wireless Standard Forward

Following a suspension in June, IEEE Standards Association Standards Board (SASB) announced a plans to enable the IEEE 802.20 Working Group to move forward with its work to develop a mobile broadband wireless access standard. The work had been suspended due to concerns that the working group had become highly contentious, appeared to lack transparency and showed evidence of possible "dominance" and other potential irregularities.The plan calls for the working group's reorganization including the appointment of new officers as well as new balloting...

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Cable and Wireless International Selects Sonus

Cable & Wireless International has selected Sonus Networks for its next-generation IP-voice network. Cable & Wireless International plans to deploy one of the world's largest IP-voice networks delivering primary line local, long-distance and international telephony service. Financial terms were not disclosed.Operating in 34 countries around the world, including 14 islands in the Caribbean, Cable and Wireless will initially deploy its Sonus-based network to support the Caribbean Islands and Bermuda.The deployment will include both the Sonus...

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DSL Adds 46 million Subscribers Worldwide in 12 Months

Telecom operators worldwide added 46 million new DSL subscribers in the 12 months to 30-June-2006, pushing the total, global installed DSL base to 164 million, according to the latest data produced for the international DSL Forum by industry analyst Point Topic. This represents a growth of 38% in the 12 months.Some key findings:European Union (EU) countries added 18 million DSL accounts, a growth of 45% that reinforces the region's global leadership....

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Broadcom's CFO Steps Down

Broadcom announced that William J. Ruehle, its Senior Vice President and Chief Financial Officer (CFO), has decided to retire, effective immediately. He has held the post since June 1997 and decided to accelerate his retirement as a result of Broadcom's previously-announced equity award review.Broadcom's Board of Directors has named Bruce E. Kiddoo to serve as Acting Chief Financial Officer on an interim basis. Mr. Kiddoo is Broadcom's Vice President and Corporate Controller.http://www.broadcom....

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Motorola to Acquire Symbol for Mobility+Scanning Integration

Motorola announced plans to acquire Symbol Technologies, a supplier of bar code and scanning technologies, for approximately $3.9 billion in cash.Symbol designs, develops, manufactures and services products and systems used in end-to-end enterprise mobility solutions featuring rugged mobile computing, advanced data capture, radio frequency identification (RFID), wireless infrastructure and mobility management. The company holds 900+ patents in the...

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Motorola Announces SIP-enabled Cable Modems

Motorola has expanded its family of voice-enabled cable modems with the introduction of its SIP-enabled SBV5100 series. Motorola expects many cable operators will adopt SIP-based devices for their networks as a migration path toward PacketCable 2.0. SIP, along with Quality of Service (QoS) based on PacketCable Multimedia (PCMM), provides a foundation for the delivery of advanced services, including fixed-mobile convergence (FMC) -- allowing consumers...

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Motorola Debuts GSM fixed Phone for the Latin America

Motorola introduced a GSM fixed wireless phone for the Latin American market. Following in the footsteps of the highly successful Motorola FX1900xg phone, the Motorola FX2000xg is sleeker and smaller than its predecessor and adds key features such as polyphonic ring tones, speaker phone, and multi-caller functionality including call waiting and conference call capabilities. http://www.motorola....

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FCC Raises $13.9 Billion in AWS Spectrum Auction

The FCC concluded its auction of Advanced Wireless Service (AWS) spectrum licenses, raising total gross bids of nearly $13.9 billion. The top bidders were:T-Mobile License LLC, which bid $4.182 billion; Cellco Partnership d/b/a Verizon Wireless, which bid $2.808 billion; SpectrumCo LLC; which bid $2.377 billion; MetroPCS AWS, LLC, which bid $1.391 billion; and Cingular AWS, LLC, which bid $1.334 billion. More than half of the winning bidders in...

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