Qualcomm Posts Revenue of $3.62 billion, Raises Guidance

Qualcomm reported revenues of $3.62 billion for its third fiscal quarter ended June 26, 2011, up 34 percent year-over-year (y-o-y) and down 6 percent sequentially. Net income came in at $1.04 billion, up 35 percent y-o-y and 4 percent sequentially. Diluted earnings per share were $0.61, up 30 percent y-o-y and 3 percent sequentially."Qualcomm delivered strong year-over-year results again this quarter as our business performed well across all key guidance metrics. In addition, we successfully completed the acquisition of Atheros, positioning us...

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Nakina Systems Raises Funding for Network Integrity

Nakina Systems, which specializes in carrier grade management and network integrity solutions, has closed a new financing round led by Vengrowth Asset Management and VIMAC Ventures LLC. Terms of the round were not disclosed.The company said four of North America's five largest service providers are using its network integrity solution."This funding event is a great vote of confidence from our investor base regarding the company's strategy to establish...

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Zarlink Declines New Acquisition Bid from Microsemi

Microsemi Corporation announced a bid to acquire all of the outstanding shares of Zarlink Semiconductor for CAD $3.35 per share in cash. The deal has a total equity value of USD $548.7 million based on a fully diluted share count and represents a 40 percent premium to Zarlink's share price as of July 19, 2011, and a 43 percent premium to Zarlink's trailing 30 day average share price. Microsemi said this CAD $3.35 proposal exceeds every Zarlink closing share price over the last five years. For its part, Zarlink issued a statement declining the offer....

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ZTE Plans 10 International Innovation Centers

ZTE announced plans to open 10 international innovation centers in partnership with several global telecommunications giants. The new innovation centers will be established in Europe and South America. The company also announced that it plans to establish additional innovation centers in China through partnerships with the nation's largest telecommunications operators. "Because of the transformative shift in the industry, providers like ZTE must...

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Key Senator Weighs in Against AT&T + T-Mobile Merger

Citing "substantial harm to competition and consumers," U.S. Senator Herb Kohl, chairman of the Senate Subcommittee on Antitrust, Competition Policy and Consumer Rights, announced his opposition to the proposed acquisition of T-Mobile by AT&T. In an open, seven page letter to FCC Chairman Julius Genachowski and U.S. Attorney General Eric Holder, Kohl argues that the mega-merger would not be in the public interest and that it violates antitrust...

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Alcatel-Lucent Explores Options for Enterprise Business

Alcatel-Lucent is actively exploring strategic options for its Enterprise business. The company is holding meetings with employee representatives of its Enterprise business. No decision has been made on the options being explored and there is no certainty that this review will result in any change to the Alcatel-Lucent Enterprise business. http://www.alcatel-lucent....

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Thrutu Enables Sharing Between iPhones and Androids

Thrutu, a division of Metaswitch Networks, released an iPhone version of its mobile communications app for in-call digital sharing.The Thrutu app lets users share interactive content and media during a phone conversation, including photos, location on a map and contact information. Significantly, Thrutu users can share this interactivity across platforms, enabling iPhone users to share photos, location and contact info with Android users.In addition...

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Traffic Control Network Upgrades to Ethernet/Copper with Actelis

WYDOT, the Wyoming Department of Transportation, is using Actelis Networks' Intelligent Transportation Systems (ITS) networking solution to revamp the state capital's transportation network, which serves nearly 60,000 Cheyenne residents. Actelis'ML690 aggregation switches, ML622 and ML680 EADs were deployed across the city's copper network to provide real-time troubleshooting and monitoring capabilities.Specifically, WYDOT is using Actelis' ITS solution...

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Dell Acquisition of Force10 Provides Entry to Open Clouds for Data Centers

Dell agreed to acquire Force10 Networks with an aim of expanding its data center solutions portfolio. Financial terms were not disclosed.Dell said its strategy over the past three years has been to develop an integrated stack of leading server, storage, networking and services resources. The vision calls for an orchestration of the underlying server, storage, and network resources in an open fashion, agnostic of whether they are physical or virtual,...

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AT&T: Cloud Computing Significantly Cuts Energy Demand

Cloud computing can lead to immense energy saving for U.S., according to a new study by the Carbon Disclosure Project (CDP), "Cloud Computing: The IT Solution for the 21st Century," conducted by independent analyst research firm Verdantix and sponsored by AT&T. The researchers calculate that by 2020, large U.S. companies that use cloud computing can achieve annual energy savings of $12.3 billion and annual carbon reductions equivalent to 200...

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