Avago Technologies Completes IPO

Avago Technologies, a leading designer, developer and global supplier of analog semiconductor devices, completed an initial public offering of 43,200,000 ordinary shares at a price to the public of $15.00 per share. The stock trades on Nasdaq under AVGO. Avago Technologies, which is co-headquartered in San Jose, California, began operations in December 2005 after being divested by Agilent Technologies to Kohlberg Kravis Roberts & Co. (KKR) and Silver Lake Partners in a deal valued at $2.66 billion. The group previously was Agilent's Semiconductor...

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Ixia's Q2 Revenue Falls to $38.4 Million

Ixia posted Q2 revenue of $38.4 million compared to $45.9 million in Q2 2008. Revenues for Q2 2009 include $2.8 million recorded by Catapult Communications. There was a net loss (GAAP) of $2.7 million, or $0.04 per share, compared to net income of $1.8 million, or $0.03 per diluted share, a year ago."While the economic climate continues to be challenging, we believe that with the acquisition of Catapult and the cost reduction initiatives launched in Q2, we are well positioned going forward," commented Atul Bhatnagar, Ixia's president and chief...

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Deutsche Telekom On-Target with Q2, Stable Trends

Deutsche Telekom reported Q2 revenue of EUR 16.2 billion, up 7.4 percent, and EBITDA adjusted for special factors by up 8.4 percent to EUR 5.3 billion. Adjusted net profit grew by 19.4 percent year-on-year in Q2 to EUR 0.8 billion. The Greek company OTE contributed EUR 1.5 billion to net revenue and EUR 0.5 billion to adjusted EBITDA of the Group in the second quarter of 2009.The company cited its cost cutting measures for the stable performance...

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AT&T Extends Managed Security Services to India

AT&T is now offering its Managed Security Services to multinational corporations in India. These managed solutions help customers assess vulnerabilities, protect infrastructure, detect attacks and respond to suspicious activities and events. AT&T security solutions start within the AT&T Global Network, and extend to customers and their applications. AT&T provides both network-based and premises-based security solutions. http://w...

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Japan's EMOBILE Launches 21 Mbps HSPA+ with Huawei

MOBILE has launched Japan' s first commercial HSPA+ mobile broadband network, delivering downlink speeds of up to 21.6 Mbps. The new 3G network covers cities such as Hokkaido, Sendai, Niigata, Hiroshima, Fukuoka and Nagasaki. Huawei provided EMOBILE with its end-to-end solution including the advanced distributed base station (DBS), as well as its HSPA+ data card (D31HW). Financial terms were not disclosed.EMOBILE, which was established in January...

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Comcast Revenues Up 4.5%, All-Digital Initiative Advances

Comcast's revenue increased 4.5% in the second quarter of 2009 to $8.9 billion, while operating cash flow increased 5.5% to $3.5 billion and operating Income increased 7.1% to $1.9 billion. Earnings per Share (EPS) for the quarter ended June 30, 2009 was $0.33, an increase of 57.1% compared to the $0.21 reported in the second quarter of 2008. This quarter's results include favorable settlements related to federal and state taxes. "We delivered solid...

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Canada's House of Commons Committee to Review Nortel Sale

On Friday, Canada's House of Commons Standing Committee on Industry, Science and Technology is planning to hold emergency hearings on issues related to the proposed sale of certain Nortel Networks Corporation assets. It is expected that witnesses appear on behalf of Nortel, Ericsson, Research in Motion and the Department of Industry Canada. http://www2.parl.gc.ca/CommitteeBusiness/CommitteeHome.aspx?Cmte=INDU&La...

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Bell Canada Raises Dividend and Financial Outlook as Revenue Declines Slightly

Bell Canada's Q2 service revenues decreased slightly to $3,385 million (Canadian), or by 0.6%, as growth in video and data revenues was offset by declines in wireless, local and access and long distance revenues. Bell's product revenues declined by 12.0% to $243 million due to a decrease in lower margin product sales. Overall, Bell's operating revenues decreased by 1.5% to $3,628 million this quarter."Bell continued to make clear progress in executing...

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Motorola Demos 70 Mbps Downlinks in TD-LTE Trial in China

Motorola completed an Over-the-Air (OTA) trial of Time Division Duplex Long-Term Evolution (TD-LTE) technology in collaboration with leading mobile operators in China. Key trial achievements include:Download throughput up to 70 Mbps in a 20 megahertz (MHz) bandwidth channelMobility and hand-over with live applicationsMulti-User Equipment (UE) testing under one sectorAll trial results have been submitted to the LTE/System Architecture Evolution (SAE) Trial Initiative (LSTI).In addition to the collaborative trials with operators, Motorola said...

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Verizon Business Enhances its Cisco Unified Communications Offering

Verizon Business is adding management of several applications to its Cisco Unified Communications System Release 7.0 portfolio. The new applications, which include presence, contact center and messaging, are available immediately to customers in the U.S. and many European countries, and will be available early next year in the Asia-Pacific region.The new Cisco Unified Communications System Release 7.0 applications now being managed by Verizon Business are:Cisco Unity Connection - A reliable, highly secure, scalable and full-featured voice and unified...

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GSA and DISA Form Satellite Communications Partnership

The U.S. General Services Administration and the Defense Information Systems Agency are creating a common marketplace for commercial satellite communication services with a goal of providing significant savings to defense and civilian agencies, as well as state, local and tribal governments. GSA provides a centralized delivery system of products and services to the federal government. GSA's multiple award schedules and indefinite delivery/indefinite...

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Infinera Names Ron Martin Vice President, Worldwide Sales

Infinera has appointed Ron Martin Vice President for Worldwide Sales. Martin most recently served as Chief Marketing and Strategy Officer and president of Adva's North American subsidiary. From 2001 to 2007, Mr. Martin was at Cisco Systems, where he served as Vice-President and General Manager of Cisco's optical business. Before that, Martin worked at Fujitsu Network Communications, based in Richardson, Texas, where he played a key role in Fujitsu's growth to become one of the largest suppliers of optical systems to leading US telecom companies....

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