Vitesse Semiconductor reported second quarter 2010 (ended 03-Mar-2010)revenues of $43.9 million, compared with $34.6 million in the second quarter of fiscal year 2009. Operating income was $3.0 million, compared with an operating loss of $6.4 million in the second quarter of fiscal year 2009. There was a net loss of $34.1 million, compared with a net loss of $7.1 million in the second quarter of fiscal year 2009, including a $30.4 million non-cash embedded derivative expense.
"We are very pleased that we returned to solid operating profitability on growing revenues and continued tight expense control. Second quarter revenue was up over 5.4% compared to the first quarter, reflecting continued improvement in the global economy and strength in our markets," said Chris Gardner, CEO of Vitesse.
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"We are very pleased that we returned to solid operating profitability on growing revenues and continued tight expense control. Second quarter revenue was up over 5.4% compared to the first quarter, reflecting continued improvement in the global economy and strength in our markets," said Chris Gardner, CEO of Vitesse.
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launched new 3-, 5- and 7 Mbps Ethernet bandwidth tiers for its business customers. The new tiers provide simplified integration of LANs across multiple locations and access to other networks with minimal investment in new equipment or expertise. Using virtual LANs, Qwest can connect multiple customer sites and maintain complete traffic separation and security for customers. The services also can be used for last-mile connectivity. Qwest said upgrading the new services typically can be done in as few as four business days after order acceptance.
This new service replaces previous AT&T's Secure E-mail Gateway solution, and AT&T will be working with its customers to migrate to this new platforms. Customers manage and administer the service through the AT&T BusinessDirect customer portal.
This contract extends the managed services cooperation between Ericsson and Telefónica Brazil which was established in 2008, when Ericsson was selected to operate and maintain a new multivendor optical fiber network in São Paulo state. Ericsson will also be responsible for spare parts management. Financial terms were not disclosed.




