PMC-Sierra Post Q4 Revenue of $124 Million, up 21% YoY

PMC-Sierra reported Q4 2007 net revenues of $123.6 million compared with $117.5 million in the third quarter of 2007, and $101.9 million in the fourth quarter of the prior year. The revenues in the fourth quarter of 2007 represent a quarterly sequential increase of 5% and a year-over-year increase of 21%.Net loss in the fourth quarter of 2007 on a GAAP basis was $5.1 million (GAAP loss per share of $0.02) compared with GAAP net loss of $5.9 million (GAAP loss per share of $0.03) in the third quarter of 2007. "In the fourth quarter of 2007, PMC...

Read More

Sprint Nextel Announces Executive Changes

Sprint Nextel announced the departure of three executives in its senior management team. Paul Saleh, Chief Financial Officer, Tim Kelly, Chief Marketing Officer, and Mark Angelino, president, Sales and Distribution will leave the company Friday, January 25. No reason was given.William G. Arendt, currently senior vice president and controller of Sprint Nextel, will serve as acting Chief Financial Officer. John Garcia, currently senior vice president, Product Development and Management, will serve as acting Chief Marketing Officer. Paget Alves,...

Read More

Sprint Files VoIP Lawsuits

Sprint filed four patent infringement actions in the United States District Court against NuVox Communications, Broadvox Holdings, Big River Telephone Company, and Paetec Communications. Sprint alleges that each of these companies has infringed at least 6 VOP patents by selling VOP services that utilize the Sprint patents. Sprint seeks monetary damages from these companies and an injunction that would enjoin the companies from ongoing infringement.Sprint noted that these lawsuits follow its recent successful legal action against Vonage Holdings....

Read More

Juniper Posts Q4 Revenue of $809.2 million, up 36% YoY

Juniper Networks reported Q4 net revenues of $809.2 million, compared with $595.8 million for the fourth quarter of 2006, an increase of 36 percent. Net revenues for the twelve months ended December 31, 2007 were $2,836.1 million, compared with $2,303.6 million for the 2006 fiscal year, an increase of 23 percent. Net income on a GAAP basis for the fourth quarter of 2007 was $122.9 million or $0.22 per share on a diluted basis, compared with a GAAP net income of $71.0 million or $0.12 per share for the fourth quarter of 2006. "2007 was a strong...

Read More

NTT DoCoMo and Google to Partner in Mobile Internet Services

NTT DoCoMo announced a partnership with Google to provide search services, search-related advertisement and potential applications to i-mode users. The companies will also collaborate to enhance the user-friendliness of i-mode services, by making various Google services easier to access through i-mode handsets. The default pre-loading of Google Maps application into upcoming DoCoMo i-mode handsets is one of the initial initiatives being discussed.Google Maps for Mobile is under discussion to become a standard pre-installed application on upcoming...

Read More

AT&T Adds 2.7 million Net Wireless, 162K U-Verse TV Subscribers

AT&T reported strong wireless growth in Q4 2007 with a record net gain of 2.7 million wireless subscribers, up 13.5 percent from 2.4 million net adds in the year-earlier fourth quarter. AT&T's reported fourth-quarter revenues totaled $30.3 billion, up from $15.9 billion in the year-earlier quarter. AT&T's 2007 reported results reflect the Dec. 29, 2006 acquisition of BellSouth and the accompanying consolidation of wireless results.AT&T's...

Read More

Level 3 and BT Team in Central and Eastern Europe

Level 3 Communications' European Markets Group is working collaboratively with BT Global Services to expand backbone capacity in Central and Eastern Europe (CEE). The joint project has ensured that there is a 2,400 km fiber network fully equipped with next generation networking capability. In addition, under the terms of this new multi-year agreement, Level 3 will deliver wavelength services to BT within the CEE region and more broadly through Europe. Level 3 said the deal enables it to further expand its fiber-based network, offering full services...

Read More

FCC Auction Gets Underway for 700 MHz Band

The FCC auction for licenses in the 700 MHz Band got underway. Over $2.8 billion in bids have been recorded in the initial rounds. The full auction is expected to take about a month.Bidding information is posted on the FCC's electronic auction website.http://wireless.fcc.gov/auctions/default.htm?job=auction_summary&id=73earlier this="" month,="" the="" fcc="" qualified="" 214="" applicants="" as="" eligible="" to="" bid="" in="" 700="" mhz=""...

Read More

One Minute Video: What is IDP

One Minute Video presented by Rajneesh Chopra, Juniper Networks -- What is IDP?Jargon Bus...

Read More

Verizon Business Rolls Out HD Video Conferencing

Verizon Business announced its rollout of video conferencing in high definition. The service is immediately available for customers around the world, who are increasingly turning to video conferencing as an alternative to face-to-face meetings to boost productivity, hold the line on business travel costs, and help reduce carbon emissions associated with business travel.The HD video supported by Verizon conferencing provides a quality high- definition...

Read More

Avaya Transition Ethernet Switching Lines to Extreme Networks

Avaya is recommending the Extreme Networks BlackDiamond and Summit Ethernet switches to its customers as the Avaya Cajun family of switches approach end-of-sale status. Ethernet switches are typically used to accommodate the bandwidth required for advanced applications in IP telephony, security and wireless local area networks."Avaya has been integrating and supporting the Extreme Networks product lines worldwide in its Intelligent Communications solutions for more than four years," said Simon Woollett, vice president, Converged Communications...

Read More

Broadcom Posts Q4 Revenue of $1.027 billion, up 8.1% Sequentially

Broadcom reported Q4 2007 revenue of $1.027 billion, an increase of 8.1% compared with the $950.0 million reported for the third quarter of 2007 and an increase of 11.2% compared with the $923.5 million reported for the fourth quarter of 2006. Net income (GAAP) for the fourth quarter of 2007 was $90.3 million, or $.16 per share (diluted), compared with GAAP net income of $27.8 million, or $.05 per share (diluted), for the third quarter of 2007, and GAAP net income of $45.1 million, or $.08 per share (diluted), for the fourth quarter of 2006.Net...

Read More

Extreme Networks Reports Quarterly Revenue up 7%; Gross Margins up 14%

Extreme Networks reported that quarterly revenue increased 7 percent to $92.5 million, from $86.9 million in the year ago quarter. For the quarter, net income on a GAAP basis for the fiscal second quarter of 2008 was $4.1 million or $0.04 per diluted share, compared to a net loss of $1.9 million or a loss of $0.02 per diluted share in the year-ago quarter. GAAP results include stock-based compensation charges. "This quarter represents our highest revenues in two years, driven largely by our newer products, which are being broadly accepted by the...

Read More

Nokia Posts Q4 2007 Net Sales of EUR 15.7 Billion

Nokia's fourth quarter 2007 net sales increased 34% to EUR 15.7 billion, compared to EUR 11.7 billion in the fourth quarter 2006. At constant currency, group net sales would have been up 40% year on year. Nokia's fourth quarter 2007 operating profit increased 64% to EUR 2.5 billion (including the EUR 13 million net negative impact of special items), compared to EUR 1.5 billion in the fourth quarter 2006 (including a negative special item of EUR 39 million). Some highlights from Q4:Nokia diluted EPS of EUR 0.47, growing 57% from Q4 2006, excluding...

Read More