Marvell Posts Revenue of $896 Million, Up 5% Sequentially

Marvell Technology Group reported revenue of $896 million for the quarter ending July 31, 2010, a 40 percent increase from $641 million in the second quarter of fiscal 2010, ended August 1, 2009, and a 5 percent sequential increase from $856 million in the first quarter of fiscal 2011, ended May 1, 2010. GAAP net income was $220 million, or $0.33 per share (diluted), for the second quarter of fiscal 2011, compared with a GAAP net income of $58 million, or $0.09 per share (diluted), for the second quarter of fiscal 2010. GAAP net income in the first...

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ZTE Reports 1H 2010 Revenue of US$4.5 Billion

ZTE Corporation reported that its interim 2010 revenue of US$4.524 billion, up by 10.89% year-on-year. The net profit grew by 12.02% to US$129.143 million in the six months ended June 30, 2010 based on Hong Kong financial reporting standards. Basic earnings per share amounted to US$0.047. ZTE's international revenue rose 19.58% year-on-year to USD2.246 billion, accounting for 49.65% of its total operating revenue. Revenue contribution from the...

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China Mobile Appoints Mr. Li Yue as CEO

Mr. Wang Jianzhou has stepped down as CEO of China Mobile but remains as Executive Director and Chairman of the company. Mr. Li Yue assumes the role of CEO and continues as a Director of the company. Li (age 51) joined China Mobile's Board of Directors in 2003. He previously served as Deputy Director General and Chief Engineer of TianjinLong-Distance Telecommunications Bureau, among many other postings. Li holds a Bachelor's Degree in telephone...

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Freescale Intros New PowerQUICC II Processors

Freescale Semiconductor is introducing a new portfolio of PowerQUICC II Pro processors for applications such as line cards, WLAN access points, intelligent NIC equipment, smart energy gateways, and general purpose controls.All the new devices incorporate the e300c3 (MPC603e-based) core built on Power Architecture technology, which includes 16 Kbytes of L1 instruction and data caches, IEEE 754 double precision floating point unit, dual integer units and on-chip memory management units (MMUs). The MPC8306/09 devices provide up to 800 MIPS of performance...

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China Mobile Tops 554 Million Customers

China Mobile, the world's largest mobile operator reported healthy momentum in the first half of 2010, although subscriber growth rates have slowed due to increasing mobile penetration rates and intensifying industry competition. For the six months of 2010, the Group's operating revenue reached RMB229,818 million, up 7.9% over the same period last year, while the Group achieved a 4.2% increase in profit over year to RMB57,643 million, representing...

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WildBlue Wins $19M Grant for Rural Satellite Broadband

WildBlue Communications, a subsidiary of ViaSat, won a grant valued at $19.5 million to connect unserved residents to affordable broadband services. The funding comes from the Department of Agriculture Rural Utilities Service (RUS) under the American Reinvestment and Recovery Act of 2009 (ARRA).Subscribers covered by the grant would receive service from one of WildBlue's three current satellites - Anik-F2, WildBlue-1, and AMC-15 - and starting in...

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Airband and Sparkplug Announce Merger -- Fixed Wireless Operators

Airband Communications and Sparkplug Communications have merged, creating one of the largest fixed wireless operators, serves 17 markets across the U.S. providing voice and data services for businesses. Financial terms were not disclosed. Key markets include Atlanta; Austin; Baltimore; Dallas; Des Moines; Fort Lauderdale; Fort Worth; Houston; Las Vegas; Los Angeles; Miami; Orange County, Calif; Philadelphia; Phoenix; San Antonio; San Diego and Washington,...

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Motorola and SF Bay Area LTE Public Safety Project Get $50 Million Grant

Motorola and the Public Safety Agencies within the greater San Francisco Bay Area received $50.6 million in grant funding today from the Department of Commerce's National Telecommunications and Information Administration (NTIA). The NTIA grant will be funding the Bay Area Wireless Enhanced Broadband (BayWEB) program through the Broadband Technology Opportunities Program (BTOP).The BayWeb project will provide advanced communications capabilities for...

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Intel to Acquire McAfee, Bringing Focus to Device Security

Intel has agreed to acquire McAfee in a deal valued at approximately $7.68 billion ($48 per share). McAfee offers a suite of software-related security solutions, including end-point and networking products and services that are focused on helping to ensure Internet-connected devices and networks are protected.Intel said the combination of security software and hardware from one company will ultimately protect devices better from online threats....

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Broadcom Demos FastRTV Channel Change Technology

Broadcom announced a new "FastRTV" Channel Change Acceleration technology for digital set-top boxes that improves television channel change speeds by up to 5 times. The quick channel changing capability minimizes delays or pauses as consumers surf through channels. It works with existing conditional access (CA) systems and does not require changes to broadcast streams. FastRTV technology is now available on Broadcom's system-on-a-chip (SoC) solutions...

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Verizon Wireless Debuts its First Handset from ZTE

Verizon Wireless introduced its first mobile handset from ZTE. The Verizon Wireless Salute is a slim slider phone offers up to 240 minutes of talk time and up to 220 hours of standby time on a single charge. The unit is priced at $19.99 after a $50 mail-in rebate with a new two-year customer agreement. http://www.verizonwireless....

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Marvell Acquires DS2 for Powerline Chips

Marvell acquired the intellectual property and assets of Diseno de Sistemas en Silicio S.A. ("DS2"), a supplier of high speed semiconductor solutions for powerline communications. Financial terms were not disclosed. Marvell said powerline technology represents one of the easiest and most reliable ways to build a network for distributing broadband media in most homes. DS2 was founded in 1998 and is headquartered in Valencia, Spain. The company...

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Level 3 Inks Services Deal with CoSentry

Level 3 Communications signed an expanded agreement with CoSentry, a provider of business continuity and managed technical services, to provide the company with wavelength and high-speed Internet protocol (HSIP) services that will facilitate broadband connectivity for CoSentry's enterprise customers in the Americas, Australia and Europe.Headquartered in Omaha, Nebraska, CoSentry provides enterprises with data center, disaster recovery and cloud solutions, and has worked with Level 3 for Ethernet private line (EPL) and Internet protocol (IP) services...

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Global Crossing Deploys Veraz ControlSwitch in Latin America

Global Crossing has deployed Veraz Networks' ControlSwitch platform to interconnect its networks in several Latin American countries. Global Crossing is leveraging the highly distributed architecture of the ControlSwitch by placing the call processing elements of the switch in each of its operating countries, while centralizing operational aspects such as billing and element management. By utilizing these capabilities, Global Crossing is significantly...

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