Riverbed Posts Q2 Revenue of $91 Million

Riverbed Technology reported Q2 revenue of $91.0 million, an increase of 12% from $81.6 million of GAAP revenue reported in the second quarter of fiscal year 2008. The GAAP net loss for Q2 was $290,000, or $0.00 per diluted share. This compares to a GAAP net loss of $869,000, or $0.01 per diluted share, in Q2'08."Riverbed has continued to deliver revenue growth in a persistently challenging global economic environment, and the second quarter marks our 14th consecutive quarter of year-over-year top line expansion," said Jerry M. Kennelly, Riverbed...

Read More

ST-Ericsson Posts Revenue of $666 million; up 18% Sequentially

ST-Ericsson reported Q2 net sales of $666 million and an adjusted operating loss of $165 million. Net sales in the second quarter were higher than normal seasonal patterns and showed a progress of 18.5% compared to first quarter 2009 pro-forma sales. This was mainly due to the higher demand in China - driven by TD-SCDMA- and in the rest of Asia-Pacific and to the alignment of inventory to demand levels across the handset supply chain. President and CEO, Alain Dutheil, commented: "During the second quarter our sales performed above normal seasonal...

Read More

TIA Issues Recommendations for National Broadband Plan

The Telecommunications Industry (TIA) issued its set of recommendations for creating a strong National Broadband Plan that will improve lives, enhance innovation, and help restore America's long-term prosperity. The comments filed with the FCC are intended to provide a "Roadmap" with targeted goals over the next three years.Specifically, the TIA believes that the FCC should work to:enhance efforts to stimulate investment and innovation in next-generation...

Read More

Alvarion and Nokia Siemens Networks Expand OEM Deal

Nokia Siemens Networks has expanded an existing OEM agreement to include Alvarion's portfolio of mobile WiMAX solutions. As part of this new agreement, Nokia Siemens Networks will resell Alvarion's latest mobile WiMAX 802.16e solutions to Nokia Siemens Networks' current and prospective WiMAX customers. This includes the Alvarion 4Motion Mobile WiMAX Solution, including the BreezeMAX base stations, ASN Gateways and 4Motion Element Management System. The company will also provide deployment, management and maintenance Services for the products and...

Read More

SEACOM Enters Service with Terabit Capacity for East Africa

SEACOM's 17,000 km, submarine fiber optic cable system entered into commercial service, linking south and east Africa to global networks via India and Europe with 1.28 Terabit per second (Tbps) of capacity.Backhauls linking Johannesburg, Nairobi and Kampala with the coastal landing stations have been established and SEACOM is also working with its national partners to commission the final links to Kigali and Addis Ababa shortly. The entire system...

Read More

AT&T Posts Strong Wireless Growth

AT&T reported Q2 revenues of $30.7 billion, compared with $30.9 billion in the year-earlier quarter, as growth in wireless and advanced wireline data services in large part offset pressures from the macro-environment, including revenue declines in voice and legacy data products.Compared with results for the year-earlier quarter, AT&T's operating expenses for the second quarter of 2009 were $25.2 billion versus $24.3 billion; operating income...

Read More

Indonesia's Bakrie Telecom Selects NEC + Juniper for IP Upgrade

PT Bakrie Telecom, Tbk, one of the Republic of Indonesia's leading providers of fixed wireless access services, has selected NEC to upgrade its IP backbone. Under the contract, NEC will provide a full-turnkey based communications system that includes multi-service edge routers and equipment installation. NEC will be supplying Juniper's routing gear. Financial terms were not disclosed. http://www.nec....

Read More

Lockheed Martin Develops Submarine Communications System

Lockheed Martin completed a key systems requirement milestone in its effort to deliver a Communications at Speed and Depth (CSD) capability for U.S. Navy submarines. The capability will enable secure, two-way communications between submarines operating below periscope depth and at tactical speeds with surface ships, aircraft and land-based assets. All classes of U.S. Navy submarines will be equipped with this transformational capability.The Lockheed Martin-led industry team, which includes Ultra Electronics Ocean Systems and ERAPSCO, a joint venture...

Read More

PMC-Sierra Reports Q2 Revenue of $123 Million, up 20% Sequentially

PMC-Sierra reported Q2 net revenue of $123.2 million, an increase of 20% compared to $102.6 million in the first quarter of 2009 and 12% lower than net revenues of $139.8 million reported in the second quarter of 2008. Net income (GAAP) was $7.8 million (GAAP diluted earnings per share of $0.03) compared with a net loss of $3.9 million (GAAP loss per share of $0.02) in the first quarter of 2009 and net income of $135.9 million (GAAP diluted earnings per share of $0.60) in the second quarter of 2008."In the second quarter of 2009, we benefited...

Read More

Broadcom Reports Q2 Revenue of $1.040 Billion, Up 22% Sequentially

Broadcom Corporation reported Q2 revenue of $1.040 billion, up 21.9% compared with the $853.4 million reported for the first quarter of 2009 and a decrease of 13.4% compared with the $1.201 billion reported for the second quarter of 2008. Net income (GAAP) was $13.4 million, or $.03 per share (diluted), compared with GAAP net loss of $91.9 million, or $.19 net loss per share (basic and diluted), for the first quarter of 2009, and GAAP net income of $134.8 million, or $.25 per share (diluted), for the second quarter of 2008.On April 26, 2009, Broadcom...

Read More

Juniper Posts Q2 Revenue of $786.4 million, up 3% Sequentially

Juniper Networks reported preliminary Q2 revenue of $786.4 million, up 3% from $764.2 million reported in the first quarter of 2009 and down 11% on a year-over-year basis. Net income (GAAP) was $14.8 million, or $0.03 per diluted share, and non-GAAP net income of $103.8 million, or $0.19 per diluted share. "We continue to take a disciplined approach to controlling operating expenses as we navigate this challenging economic period," said Kevin Johnson, Juniper's chief executive officer. "With service provider sales relatively flat quarter-over-quarter,...

Read More