Brocade recorded quarterly revenues of $504 million for its third fiscal quarter ended July 31 for an increase of two percent year-over-year, resulting in a diluted earnings per share (EPS) of $0.05 on a GAAP basis and $0.13 on a non-GAAP basis.
The company reported better-than-expected revenue in storage area networking (SAN) with switch revenue growing double digits sequentially in what is typically a seasonally challenging quarter. However, its overall Ethernet business was slightly down sequentially primarily due to softness in Japan and in its Federal business, which was down 16% from a strong performance in Q2, while up 15% year-over-year. Brocade said it added more than 1,000 net new Ethernet customers in the quarter, and recruited new talent from across the industry.
"Q3 was another solid quarter for Brocade in which we achieved better-than-expected results from our storage area networking business and continued to make progress in our Ethernet go-to-market initiatives," said Michael Klayko, CEO of Brocade. "As we look to Q4, we expect a strong finish to our fiscal 2010. Despite operating in a challenging global economy with variable IT spending patterns, we are confident that our sales and marketing strategies as well as our product portfolio are aligned well with customer imperatives."http://www.brocade.com
The company reported better-than-expected revenue in storage area networking (SAN) with switch revenue growing double digits sequentially in what is typically a seasonally challenging quarter. However, its overall Ethernet business was slightly down sequentially primarily due to softness in Japan and in its Federal business, which was down 16% from a strong performance in Q2, while up 15% year-over-year. Brocade said it added more than 1,000 net new Ethernet customers in the quarter, and recruited new talent from across the industry.
"Q3 was another solid quarter for Brocade in which we achieved better-than-expected results from our storage area networking business and continued to make progress in our Ethernet go-to-market initiatives," said Michael Klayko, CEO of Brocade. "As we look to Q4, we expect a strong finish to our fiscal 2010. Despite operating in a challenging global economy with variable IT spending patterns, we are confident that our sales and marketing strategies as well as our product portfolio are aligned well with customer imperatives."http://www.brocade.com
incumbent telecom provider, has deployed Huawei's OTN (optical transport network) solution to enable higher bandwidth and more flexible service grooming features. Financial terms were not disclosed.
Greg Casey (formerly head of Qwest's wholesale group), announced plans to deploy LTE technology in a national network to serve oil and gas fields across the U.S. 
The demo will show a live LTE network with working data devices such as laptops with 1 Mbps data uplink speeds. Using this technology, the network could be connected directly to an oil site sensor or linked to a monitoring camera on a pipeline sending back live video images.
Comcerto 1000 packet processor for PacketFront Systems' recently announced DRG 700 customer premises equipment (CPE), which combines Layer 2 switched and Layer 3 routed operation with a residential firewall for secure home networking. The DRG 700 is not only intended for large-scale fiber-to-the-home (FTTH) rollouts, but also addresses medium-sized FTTH projects being implemented by utilities and municipalities. Mindspeed noted that its Comcerto family of processors uses energy-efficient ARM core technology to deliver one of the lowest power consumption rates in its class, and also incorporates advanced, programmable power-management features to support the energy-saving goals of service providers and product manufacturers worldwide.
has chosen Level 3 Communications to provide wavelength services under the Networx Enterprise contract program. Under the contract, Level 3 will provide the SSA with multiple 10 Gbps wavelengths to connect several of the SSA's data center locations with the potential to expand to additional sites in the future.
