Harris Wins $600 Million Contract to Modernize U.S. Strategic Satellite Terminals

Harris has been awarded a 10-year, $600 million contract for the U.S. Army's Modernization of Enterprise Terminals (MET) program. The next-generation military satellite communications terminals developed for the MET program will provide the worldwide backbone for high-priority military communications and missile defense systems.As prime contractor, Harris will develop, test and certify four unique terminal configurations during a 30-month, First...

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Marvell Offers Single Chip Solution for Wi-Fi + Bluetooth 3.0

Marvell announced that its 88W8688 Bluetooth Wi-Fi combination chip fully supports the recently announced Bluetooth 3.0 + HS (High Speed) specification. The Marvell implementation is designed to allow the new Bluetooth radio to deliver up to 10 to 15 times the throughput of standard Bluetooth 2.1 implementations - at least 24 Mbps. Marvell solutions are differentiated by a superior 802.11 Protocol Adaptation Layer (PAL) that supports simultaneous connection of Bluetooth 3.0 and Wi-Fi using the same radio.http://www.marvell....

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AT&T Sees Surge in Wi-Fi Connections with Boost from Starbucks

AT&T, which currently operates nearly 20,000 Wi-Fi hotspots across the U.S., reported significant growth in the number of Wi-Fi users and connections. AT&T Wi-Fi connections totaled 10.5 million in the first quarter of 2009 - more than triple the 3.4 million connections in the first quarter of 2008, and more than half AT&T's 20 million total Wi-Fi connections for all of 2008. The usage surge was driven by growth in AT&T's wired and...

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WildBlue Demos Next Gen Satellite Broadband at 18 Mbps

WildBlue Communications has brought its mobile demonstration trailer to Denver to showcase what satellite broadband will be like in the future, with download speeds approaching 18Mbps, twelve times faster than current WildBlue service. The currently serves nearly 400,000 customers in the rural U.S., including 11,000 subscribers here in Colorado.As the U.S. Department of Commerce and the U.S. Department of Agriculture begins to map out criteria for the $7.2 billion in federal stimulus funding targeted at broadband, WildBlue is seeking to demonstrate...

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PMC-Sierra Reports Q1 Revenue off $103 Million, Down 18% YoY

PMC-Sierra reported Q1 2009 revenue of $102.6 million, a decrease of 18% compared with the first quarter of 2008 and 15% lower than the $120.8 million in the fourth quarter of 2008. Net loss in the first quarter of 2009 on a GAAP basis was $3.9 million (GAAP loss per share of $0.02) compared with a GAAP net loss in the first quarter of 2008 of $20.9 million (GAAP loss per share of $0.10). "In the first quarter of 2009, we experienced strong demand for our wireless and wireline communications products in China," said Greg Lang, president and chief...

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Juniper Posts Preliminary Q1 Revenue of $762 Million, Down 7% YoY

Juniper Networks' Q1 2009 revenues declined 7% on a year-over-year basis to $764.2 million. The company posted GAAP net loss of $(4.5) million, or $(0.01) per diluted share, and non-GAAP net income of $91.6 million, or $0.17 per diluted share. Net loss on a GAAP basis includes a non-recurring $61.8 million, or $0.12 per diluted share, non-cash charge related to the impairment of certain net deferred tax assets due to a change in California income...

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Riverbed Reports Revenue of $88 Million, Up 21% YoY

Riverbed Technology, which supplies WAN optimization platforms, reported total GAAP revenue for Q1'09 of $88.2 million, an increase of 21% from $73.0 million of GAAP revenue reported in the first quarter of fiscal year 2008 (Q1'08). GAAP net income for Q1'09 was $974,000, or $0.01 per diluted share. This compares to GAAP net income of $638,000, or $0.01 per diluted share, in Q1'08."We are pleased with the strong results we are reporting for the first quarter," said Jerry M. Kennelly, Riverbed president and CEO. "We executed well, achieving 21 percent...

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Starent Posts Q1 Revenue of $73 Million, Up 30% YoY

Starent Networks reported Q1 2009 revenue of $73.2 million, an increase of 30% from the first quarter of 2008. Net income for the first quarter of 2009 was $12.8 million, or $0.17 per diluted share, compared to net income of $9.7 million, or $0.13 per diluted share, for the first quarter of 2008. During Q1, Starent announced its selection by Verizon Wireless as a packet core vendor for its LTE network. Starent's open LTE Evolved Packet Core (EPC) offers 2G/3G functionality currently and supports an evolution to LTE through software upgradeability....

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Ixia Reports Q1 Revenue of $37 Million, Down 11% YoY

Ixia reported Q1 2009 revenue of $37.1 million, down 11% compared to $41.7 million in the 2008 first quarter. On a GAAP basis, the company recorded a net loss for the 2009 first quarter of $4.0 million, or $0.06 per share, compared to net income of $106,000, or $0.00 per diluted share, for the 2008 first quarter."Despite the challenging business conditions during the first quarter, we generated positive cash flow from our operations, and were encouraged by year-over-year top line growth in some key markets," commented Atul Bhatnagar, Ixia's president...

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Netflix Surpasses 10 Million Subscribers

Netflix ended the first quarter of 2009 with approximately 10,310,000 total subscribers, representing 25 percent year-over-year growth from 8,243,000 total subscribers at the end of the first quarter of 2008 and 10 percent sequential growth from 9,390,000 subscribers at the end of the fourth quarter of 2008. The company added more net subscribers than in any previous quarter in its history. The company now has 12,000 choices in its on-demand streaming library and over 100,000 DVD titles.http://www.netflix....

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Extreme Posts Revenue of $77.2 million

Extreme Networks reported quarterly net revenue of $77.2 million, down 6% compared to $82.0 million in the year-ago quarter. Non-GAAP net income was $1.2 million or $0.01 per diluted share, excluding $1.2 million in share-based compensation charges and $2.1 million in restructuring charges, compared to year-ago non-GAAP net income of $1.1 million or $0.01 per diluted share, excluding $1.3 million in share-based compensation."We delivered positive pro-forma earnings in a challenging market and took steps to reduce our cost structure," said Mark...

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Zhone Reports Q1 Revenue of $24.1 Million, Down 22%

Zhone Technologies reported Q1 revenue of was $24.1 million, down 22% compared with $31.0 million for the fourth quarter of 2008 and down 44% from the $43.0 million for the first quarter of 2008. Net loss for the first quarter of 2009 (GAAP) was $6.9 million or $0.05 per share compared with a net loss of $4.7 million or $0.03 per share for the fourth quarter of 2008, and a net loss of $0.9 million or $0.01 per share for the first quarter of 2008. "The first quarter proved to be even more challenging because of the global economic difficulties,"...

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ZTE Posts 35% YoY Growth for Q1

China-based ZTE reported Q1 2009 revenue amounting to RMB 11.67 billion, representing an increase of 35.00% compared with the same period last year. Net profit was RMB 78.66 million, representing an increase of 29.17% compared with the same period last year. Basic earnings per share were RMB 0.06.ZTE posted a 46.9% growth in system devices, while revenues from 3G and GSM network construction remained strong. Revenue from mobile handset products grews...

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Apple Tops One Billion iPhone App Store Downloads

Apple surpassed the 1 billion iPhone application downloads in just nine months.http://www.apple....

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