Sigma Designs Reports Revenue of $73M, up 12%

Sigma Designs, which provides silicon solutions for set-top boxes, reported Q2 revenue of $73.3 million, up $8.1 million, or 12%, from $65.2 million reported in the previous quarter and up $22.0 million, or 43%, from $51.3 million reported for the same period last year. GAAP net income for the second quarter was $0.5 million, or $0.02 per diluted share. This compares to GAAP net income of $1.1 million, or $0.04 per diluted share, for the previous quarter and $4.8 million, or $0.18 per diluted share, in the same period last year. In Q2, Sigma...

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Time Warner Cable to Launch SPEED2 Sports Channel for Broadband

Time Warner Cable is preparing to launch a broadband service that aggregates live and on-demand streaming of motor sport events and enthusiast programming. SPEED2 will launch nationally for Time Warner Cable Sports Pass subscribers (formally known as Time Warner Cable Sports Tier) -- at no additional charge -- on August 29. A complement to the offerings of the linear SPEED network, a FOX Sports property, SPEED2 allows motor sports enthusiasts to view racing content from any Internet based connection (wired or wireless), at home or on the go. ...

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IBM Acquires Sterling Commerce from AT&T

IBM completed its acquisition of Sterling Commerce from AT&T for approximately $1.4 billion in cash. AT&T, which acquired Sterling Commerce in 2000, expects to record a one-time pretax gain of approximately $800 million in the third quarter of 2010. Sterling Commerce provides software for cross-channel commerce and integration of customer, partner and supplier networks across a wide range of industries. "In combination with IBM's existing offerings, Sterling Commerce, Coremetrics and Unica are expanding IBM's ability to help companies...

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Nortel to Sell Multi Service Switch Business for $39 million

Nortel Networks will sell its Multi Service Switch business to private investors for US$39 million in cash.The deal includes Nortel's North America, Caribbean and Latin America (CALA) and Asia Multi Service Switch (MSS) business and the assets of the Europe, Middle East and Africa (EMEA) portion of its MSS business. The buyer is PSP Holding LLC, a special purpose entity to be fully funded at closing by Marlin Equity Partners and Canadian based Samnite Technologies Inc.Nortel's MSS business consists of its Data Packet Network and Shasta product...

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SK Telecom Selects ALU's MPLS-TP Packet Optical Backhaul

SK Telecom, Korea's largest mobile service provider, has selected Alcatel-Lucent's packet optical transport solution to upgrade its nationwide wireless data network. The project, which is currently being deployed, will increase backbone capacity for the delivery of its WiFi and WiBro services. In addition, it will support SK Telecom's WCDMA traffic and lay a solid foundation for LTE-based services.Alcatel-Lucent's packet optical transport solution...

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Royalty-Free End-User Licensing for H.264 AVC Internet Video

MPEG Licensing Authority has decided to extend royalty-free licensing to end-users of the H.264 video codec (known as "Internet Broadcast AVC Video") during the entire life of this License. MPEG LA previously announced it would not charge royalties for such video through December 31, 2015.MPEG LA's AVC Patent Portfolio License provides access to essential patent rights for the AVC/H.264 (MPEG-4 Part 10) digital video coding standard. In addition...

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