ST-NXP Wireless to Begin Operations

NXP -- the independent semiconductor company founded by Philips -- and STMicroelectronics announced the closing of the deal bringing together key wireless operations of both companies into ST-NXP Wireless, a deal they announced on April 10th, 2008. At the closing, STMicroelectronics took an 80% stake in the joint venture and contributed $1.55 billion to NXP, including a control premium. The new organization will start with a cash balance of about...

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Hitachi and Airvana Enter Development Agreement for CDMA Femtocells

Airvana announced an agreement with Hitachi Communication Technologies to create and deliver customized versions of Airvana Femtocell products for the Japanese market. The solution will inter-work with Hitachi Com core network products. Airvana's contribution to the solution includes its HubBub CDMA femtocell, which supports both 1x-RTT and EV-DO services; its Universal Access Gateway, a carrier-class femtocell network gateway; and its Femtocell...

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MRV Posts Revenue of $148 Million, up 45% YoY

MRV COMMUNICATIONS reported Q2 revenue of $147.6 million, above previously stated guidance and an increase of 45% over revenue of $102 million in the second quarter of 2007. Strong growth was driven by a 28% increase in the network equipment segment, a 17% increase in the network integration segment and 112% in the optical components segment. Revenue for the six months ended June 30, 2008 was $273.2 million an, increase of 43% from the six months ended June 30, 2007.MRV said its Network Equipment segment posted the strongest growth in recent history...

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Vonage Names Former Cingular Exec as CEO

Vonage has appointed Marc Lefar as its new CEO, replacing interim CEO Jeffrey Citron, who had assumed the additional role in April of 2007. Citron will assume the role of non-executive Chairman of the Board and serve as a consultant on long-term strategy. Lefar previously served as Chief Marketing Officer of Cingular Wireless, (now AT&T Mobility). After leaving Cingular, Lefar founded Marketing Insights, a technology and media consultancy. Prior to joining Cingular, Lefar was Executive Vice President, Marketing and Value-Added Services...

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BT Acquires Ribbit for Telco 2.0 Platform

BT has acquired Ribbit Corporation, a Silicon Valley-based start-up that developed a "voiceware" platform that combines telephony and the Internet, for $105 million in cash.Ribbit's open platform which enables developers to create new and innovative voice applications and services. For example, using Ribbit, developers have integrated voice into salesforce.com and built voice applications that run directly from Facebook or iGoogle. Ribbit said...

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Alcatel-Lucent Posts Q2 Revenue of EUR 4.101 billion, up 6.1% sequentially

Alcatel-Lucent reported Q2 revenue of EUR 4.101 billion, up 6.1% sequentially but down 5.2% year-over-year. At constant Euro/USD exchange rate, revenues grew 1.7% year-over-year and 8.5% sequentially. The adjusted2 gross profit was EUR 1,433 million or 34.9% of revenues, compared to an adjusted2 gross profit of EUR 1,447 million or 33.4% of revenues in the year ago-quarter. During the second quarter of 2008, the CDMA activity declined at a higher pace than the company had planned. This was due, to a large extent, to a strong reduction in the...

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NTT Communications Deploys Juniper T1600 Core Routers

NTT Communications (NTT Com) has deployed Juniper Networks' T1600 core routers to scale the capacity of its global IP network. Financial terms were not disclosed.The companies said a key considerations for the T1600 selection included the non-disruptive upgrade path from the T640 to the multi-terabit capacity and energy efficiency advantages of the T1600.NTT Com began its global IP network service in July 1997 with 45 Mbps bandwidth between Japan and the U.S. In 2000, NTT Com acquired a Tier-1 Internet service provider, Verio, and expanded the...

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Juniper Names Vice President, U.S. Enterprise Sales

Juniper Networks Appointed Philip O'Reilly to the position of senior vice president of U.S. enterprise sales. A seasoned leader, Mr. O'Reilly joins Juniper Networks from Solunet, where he served as CEO. Prior to Solunet, O'Reilly was chief financial officer and vice president of business development for Datavon, a VoIP service provider in Texas. http://www.juniper....

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Alcatel-Lucent Chairman Serge Tchuruk and CEO Pat Russo Resign

Alcatel-Lucent announced the resignations of its non-executive Chairman Serge Tchuruk and CEO Pat Russo.Specifically, Serge Tchuruk has decided to step down on October 1, 2008 and Pat Russo has decided to step down no later than the end of the year. At the Board's request, she will continue to run the company until a new CEO is in place to effect a smooth transition and maintain the continuity of the company's business. The company's Board will...

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