Gmartket Deploys Force10 Networks TeraScale E-Series

Force10 Networks announced that Gmarket has deployed theTeraScale E-Series family of switch/routers to power its online shopping mall. Specifically, the Force10 TeraScale E600 is at the foundation of Gmarket's data center. The fully redundant 10 Gigabit Ethernet core ensures line-rate traffic throughput from the servers and a real-time, always available shopping experience for its users. Financial terms were not disclosed.http://www.force10networks....

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Tech Mahindra Wins $700 Million Contract with BT

BT has named Tech Mahindra as its preferred vendor for a five year systems and process transformation program. The contract was valued at US$700 million. Tech Mahindra will be assisting BT in accelerating BT Group's transition to the platform-based services strategy focused on improving its customers' experience of right first time and cycle time. Tech Mahindra said it has worked with BT for over 20 years on a range of projects in IT, infrastructure and business process outsourcing.http://www.techmahindra....

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Infinera Reaches Q2 Revenue of $161.1 million

Infinera reported Q2 revenue of $161.1 million compared to $138.3 million in the first quarter of 2008 and $58.4 million in the second quarter of 2007. GAAP gross margins were 50% in the second quarter of 2008 compared to 45% in the first quarter of 2008 and 28% in the second quarter of 2007. GAAP net income was $42.9 million, or $0.44 per diluted share."Our second quarter results reflect strong shipments of both our chassis and tributary adapter modules," said Jagdeep Singh, president and chief executive officer of Infinera. "We grew revenues...

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GENI Project Awarded NSF Grant

The Global Environment for Network Innovations (GENI), a project managed by BBN Technologies, has been awarded a three year grant worth approximately $4 million per year from the US National Science Foundation to perform GENI design and risk-reduction prototyping. The funds will be used to contract with 29 university-industrial teams selected through an open, peer-reviewed process. The first year funding will be used to construct GENI Spiral 1, a set of early, functional prototypes of key elements of the GENI system.GENI will support a future,...

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Korea's Gmarket Deploys Juniper's MX960 Ethernet Services Routers.

Korea's Gmarket, one of the world's largest consumer e-commerce websites, is deploying Juniper Networks' MX960 Ethernet Services Routers. The MX-series routers boost Gmarket's network capacity and manageability by consolidating multiple gigabit Ethernet switching solutions into an easily-managed topology that leverages Juniper's JUNOS software, Juniper's single-source code network operating system. The MX960's Access Control List (ACL) capabilities...

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Avanex Approves 15-to-1 Reverse Stock Split

Avanex's Board of Directors approved a reverse split of its common stock at a ratio of 15-for-1, with a planned effective date of August 12, 2008. Accordingly, as of the effective date, each fifteen shares of issued and outstanding common stock and equivalents will be converted into one share of common stock. http://www.avanex....

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Panama's Telecarrier Selects Occam for Broadband Access

Telecarrier, a rapidly growing telecommunications service provider in Panama, has selected Occam Networks as the principal broadband access supplier for its expansion plans throughout the country. Financial terms were not disclosed.Telecarrier is enjoying significant growth as a result of Panama's Export Processing Zones program, a public-private partnership between Panama's government and the private sector to spur the establishment and growth...

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ADC Trims Financial Outlook for Fiscal Year 2008

ADC updated its financial guidance, saying it now expects sales from continuing operations for fiscal 2008 to be in the range of $1.500-$1.520 billion. Previous annual guidance provided on June 4, 2008 was that ADC's fiscal 2008 sales would be in the range of $1.520-$1.540 billion. ADC now expects to have year-over-year sales growth for fiscal year 2008 of 13%-15%.The company said that compared to previous fiscal 2008 sales guidance, the updated financial outlook primarily reflects lower sales of copper and fiber connectivity products in the United...

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Ericsson Reports Sales Growth of 7%

Ericsson reported Q2 revenue of SEK 48.5 billion and operating income amounted to SEK 4.7 billion. Sales growth in constant currencies is estimated to 7% year-over-year. Sales were up 2% year-over-year including negative effects from the continued decline in USD. Effects of acquisitions and divestments equaled out in the quarter. Gross margin amounted to 37.0% (43.0%) and declined year-over-year, mainly due to the shift in business mix with a high proportion of new network buildouts. Sales related to software and IPRs were back to a more normal...

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Tellabs Reports Q2 Revenue of $432 million, down 19% YoY

Tellabs reported Q2 revenue of $432 million, down 19% from $535 million in the second quarter of 2007. International revenue rose 20% to $145 million, up from $121 million in the year-ago quarter. Tellabs earned $39 million or 10 cents per share on a GAAP (U.S. generally accepted accounting principles) basis, including a one-time benefit of $35 million or 9 cents per share resulting from the favorable completion of IRS audits. In the second quarter of 2007, Tellabs earned $30 million or 7 cents per share on a GAAP basis.Gross profit margins were...

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Broadcom Ships Wi-Fi + Bluetooth + FM Integrated Chip

Broadcom began shipping its flagship wireless combination chip (BCM4325) that combines Wi-Fi, Bluetooth and FM functionality into a single 65 nanometer (nm) silicon die. Broadcom predicts such multi-function chips will account for nearly one-third of all wireless connectivity solutions shipped in 2012. The company is already sampling its second generation combo solutions, which leverage advanced technologies to provide richer communications and connectivity for next generation products. Examples of future functionality could include 802.11n for...

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Sweden's Icomera to acquire UK's Moovera Networks

Icomera AB has agreed to acquire UK-based Moovera Networks, a supplier of fixed and mobile communications systems. Icomera specializes in Internet connectivity for trains, offering backhaul-agnostic communications gateways that support concurrent satellite, cellular and trackside networks in a single in-vehicle system. The technology automatically switches to use the best wide area network without session interruption. With the acquisition of Moovera...

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Verizon Wireless Adds 1.5 Million Customers in Q2

Verizon Wireless added 1.5 million new customers (net), giving it a total of 68.7 million customers, including 66.7 million retail customers, which are those it directly serves and manages and who choose the Verizon Wireless brand. The company's full results will be reported on July 28.http://www.verizonwireless.c...

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Broadcom Reports Q2 Revenue of $1.2 Billion, up 16% YoY

Broadcom posted Q2 net revenue of $1.201 billion, an increase of 16.3% compared with the $1.032 billion reported for the first quarter of 2008 and an increase of 33.7% compared with the $897.9 million reported for the second quarter of 2007. Q2 net income (GAAP) was $134.8 million, or $.25 per share (diluted), compared with GAAP net income of $74.3 million, or $.14 per share (diluted), for the first quarter of 2008, and GAAP net income of $34.3 million, or $.06 per share (diluted), for the second quarter of 2007."Despite continued economic turmoil,...

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