Nortel Posts Q1Revenues of $2.48 billion, up 4% YoY

Nortel reported Q1 2007 revenues of $2.48 billion, up 4% compared to $2.39 billion for the first quarter of 2006 and $3.32 billion for the fourth quarter of 2006. Excluding the impact of its UMTS Access divestiture, revenues increased by 12 percent year over year. There was a net loss of $103 million, or $0.23 per common share on a diluted basis. The gross margin for the quarter was 40.4 percent.Some highlights:Carrier Networks (CN) revenues in Q1 were $1.01 billion, a decrease of 6 percent compared with the year-ago quarter and a decrease of...

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THUS Selects Ciena's CN 4200 for London Metro Net

THUS plc has chosen Ciena's CN 4200 FlexSelect Advanced Services Platform to support the delivery of a new high-capacity, next-generation network to the London Metropolitan Network (LMN). As the capital's metropolitan research and education network, the LMN provides more than one million students with access to advanced services and online learning applications, and also connects member institutions to JANET, the UK's research and academic network.The deployment will connect 137 higher and further education sites across Greater London, offering...

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ECI Telecom Posts Quarterly Revenue of $155 million

ECI Telecom reported Q1 revenues of $155 million, compared with $162 million in the first quarter of 2006 and $154 million in the fourth quarter of 2006. GAAP net income reached $18.7 million, or $0.15 per share on a fully diluted basis, compared with first quarter 2006 net income of $3.1 million, or $0.03 per diluted share. Some highlights:Revenues for the Transport Networking Division (reflecting the merger of ECI's Optical Networks and Data Networking Divisions), totaled $105 million for the quarter. This represents a 15% increase from $91 million...

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Covad Launches Bonded T1 Service

Covad Communications launched a Bonded T1 service for small businesses and distributed enterprises. Covad's Bonded T1 service combines two 1.5 Mbps T1 lines together to deliver symmetrical 3.0 Mbps data speeds. The service is available nationwide throughout the same footprint as Covad's standard T1 service. http://www.covad....

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DIRECTV Debuts Portable Satellite TV System

DRECTV began marketing its Sat-Go ("Satellite-to-Go") portable satellite TV system. The briefcase-like design that includes a 17-inch LCD monitor with integrated DIRECTV Receiver, flat antenna and replaceable/rechargeable lithium-ion battery. The unit also includes AC/DC adaptors for home and car. When not being used as a portable/ travel unit, the DIRECTV Sat-Go can also be utilized as an additional in-home DIRECTV Receiver and television. The...

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HP's DRAGON Provides Telecom Data Retention

HP announced a new data retention solution for telecommunication service providers that are being asked by governments to join the fight against global terrorism, organized crime and drug trafficking.The HP Data Retention and Guardian ONline (DRAGON) solution aims to help service providers to collect and store data from a variety of sources, such as fixed and mobile telephony, email and voicemail, Internet usage, IP telephony, text messaging, and even usage of custom calling features such as call waiting, three-way calling and call forwarding.HP...

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Silver Star Telecom Deploys Hatteras' Mid-band Ethernet

Silver Star Telecom, a wholesale services provider based in Vancouver, Washington, has turned up a new level of advanced Ethernet services using the Hatteras Networks Mid-Band Ethernet platform. Now available to wholesale and retail customers throughout select metro markets in Oregon and Washington, Silver Star Telecom's new Ethernet service will cater to speed-starved business customers at copper-fed locations."Hatteras Networks' carrier-class Mid-Band Ethernet solutions enable us to provide Ethernet and IP services in excess of 36Mbps symmetrical...

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BigBand Posts Revenues of $52.8 million, up 62% YoY

In its first quarter as a public company, BigBand Networks reported net revenues of $52.8 million, an increase of 62% over $32.6 million in the first quarter of 2006. GAAP net loss for the quarter was $1.0 million, or ($0.05) per diluted share, compared to a net loss of $1.1 million, or ($0.09) per diluted share, in the first quarter of 2006. Excluding special charges, net of tax, non-GAAP net income for the first quarter of 2007 was $5.8 million, or $0.09 per diluted share.Gross margin improved to 57.5% on a GAAP basis and 58.0% on a non-GAAP...

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Microsoft Acquires ScreenTonic for Mobile Advertising Serving

Microsoft agreed to acquire ScreenTonic SA, a start-up based in Paris, for its mobile advertising platform. ScreenTonic's mobile solutions provide advertisers with a range of ad formats, from display to text, as well as ad management and reporting capabilities, while serving the needs of mobile operators and independent publishers equally. Financial terms were not disclosed."The mobile Internet is an extraordinary vehicle for brands to connect...

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NETGEAR to Acquire Infrant for RAID-based NAS Products

NETGEAR has acquired privately-held Infrant Technologies, a start-up that developed enterprise-level storage technology for small businesses and professional home users. NETGEAR will pay $60 million in cash for Infrant. Infrant shareholders may receive a total additional payout of up to $20 million in cash over the three years following closure of the acquisition if specific revenue targets are reached. Infrant's "ReadyNAS" family of network attached...

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Verizon Business Reports Enterprise Revenue Growth

Verizon Business reported positive year-over-year revenue growth in Q1, saying it outpaced other major U.S.-based enterprise carriers. The company also posted both year-over-year and sequential revenue growth for strategic services such as Private IP, Ethernet and managed services both for the past quarter and every quarter since Verizon Business was created in January 2006.Verizon Business highlighted several significant enhancements that were rolled out as part of its global network. Specific actions included:An enhancement and deepening of...

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Hughes Awarded SATCOM-II Contract

Hughes Network Systems has been awarded a contract under the recently announced General Services Administration's (GSA) Satellite Services-II (SATCOM-II) program to provide commercially available, advanced broadband satellite network solutions to U.S. government agencies. The entire SATCOM-II program is estimated to be worth $750 million over five years. Under SATCOM-II all U.S. federal civilian and Department of Defense (DoD) agencies are able to procure an expanded range of broadband satellite solutions, including the following offerings provided...

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Broadcom to Acquire Octalica for MoCA Capabilities

Broadcom Corporation agreed to acquire Octalica, a start-up specializing in silicon solutions for MoCA (Multimedia over Coax Alliance) home networking applications. MoCA enables distribution of high quality digital multimedia content throughout the home over existing coaxial cable. In connection with the acquisition, Broadcom expects to pay approximately $31 million in cash in exchange for all of the outstanding shares of Octalica's capital stock...

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Deutsche Telekom Seeks Enterprise Partner, Sharpens Domestic Focus

Deutsche Telekom is committed to change to position itself as leader in broadband, said René Obermann, Chairman of the Deutsche Telekom Board of Management, speaking at the company's shareholders' meeting in Cologne.Looking back on 2006, René Obermann described the past financial year as difficult: "Competition, especially in relation to pricing in the fixed network business, reached a degree of intensity during the year that even caught industry experts by surprise."Looking forward, Obermann said the company would pursue a "focus, fix and grow"...

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