Reliance Globalcom Posts 15% Growth, Signs Infrastructure Sharing Deal with Etisalat

India's Reliance Globalcom (RCOM) posted revenue of Rs. 6,145 crore (US$ 1,283 million) for the quarter ended 3-June-2009, up 15.5% from Rs. 5,322 crore (US$ 1,240 million) in the same quarter a year earlier. There was a net profit of Rs. 1,637 crore (US$ 342 million), higher by 8.3% compared to the net profit of Rs. 1,512 crore (US$ 352 million) in the corresponding quarter last year.In addition, Reliance Infratel (RITL), a subsidiary of RCOM, signed a long term agreement with Etisalat DB, a new wireless mobile services provider for sharing...

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Soapstone Completes Liquidation and Dissolution by Stockholders

The stockholders of Soapstone Networks voted to approve the liquidation and dissolution of the company. In connection with the approval of the company's Plan of Liquidation, the company's Board of Directors has approved an extraordinary cash dividend of $3.75 per share of the company's common stock. A certificate of dissolution has been filed with the Delaware Secretary of State. http://www.soapstonenetworks.comSoapstone Networks, which was the company created when Avici Systems decided to exit the core router business, developed control plane...

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Extreme Networks Reports Revenue of $81.3 Million

Extreme Networks reported quarterly net revenue of $81.3 million, representing a sequential increase of 5 percent as compared to revenue of $77.2 million in the previous quarter and a 17 percent decrease as compared to revenue of $98.3 million in the same period last year. Non-GAAP net income was $2.3 million or $0.03 per diluted share, compared to non-GAAP net income of $3.0 million or $0.03 per diluted share in the fourth quarter last year. Non-GAAP financial results exclude the impact of stock-based compensation and restructuring charges.Net...

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HK Broadband Network Upgrades with Juniper M Series

Hong Kong Broadband Network Limited (HKBN) has deployed Juniper Networks' M Series Multiservice Edge Routers to support continued expansion of its international network connectivity. Financial terms were not disclosed.HKBN, a wholly-owned subsidiary of City Telecom (H.K.), offers residential broadband Internet access up to 1Gbps, telephony, IPTV, corporate and mobile data services with its self-built Metro Ethernet IP network.HKBN already has more than 350,000 FTTX broadband customers in Hong Kong, giving it the second largest market share. It...

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Cisco Collaborates with Landis+Gyr on Smart Grid

Cisco and Landis+Gyr agreed to collaborate on smart grid communications infrastructure for helping utility companies and their customers better manage energy. The collaboration between Cisco and Landis+Gyr is expected to accelerate the delivery of standards-based solutions for the energy industry and facilitate the integration of existing capabilities with renewable power sources, plug-in vehicles and distribution automation functionality.Landis+Gyr specializes in in advanced metering infrastructure and applications.Landis+Gyr's and Cisco's collaboration...

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Corning and Soitec Collaborate on OLED Mobile Displays

Corning and the Soitec Group are collaborating on the development of high-performance silicon-on-glass (SiOG) substrates for the flat panel mobile display market and in particular for organic light-emitting diode (OLED) mobile displays.Corning is currently developing thin, single-crystal silicon film that can applied to Corning display glass. This development is expected to produce an engineered substrate with outstanding electrical mobility and material uniformity, upon which electronic circuits can be easily applied by display manufacturers....

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WSJ: FCC Looks Into Apple's Rejection of Google Voice App

The Wall Street Journal reported that FCC Commissioner Julius Genachowski sent letters of inquiry to Apple, AT&T and Google asking for more information on why the Google Voice iPhone application was rejected by Apple for inclusion in its popular iStore. http://www.wsj....

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