XO Posts Revenue of $381.7 million, Down Slightly from Last Year

XO Holdings reported Q2 revenue of $381.7 million compared to $383.6 million in the same period last year. Adjusted EBITDA (a non-GAAP financial measure) was $43.4 million in the second quarter of 2011, an increase of 7%, or $2.9 million over the year-ago period. Adjusted EBITDA as a percentage of revenue remained flat at 11% for the current quarter compared to the same quarter of 2010.Net loss for the second quarter 2011 was $10.1 million compared to $1.2 million for the year-ago period. XO's results for the second quarter of 2010 included net...

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China Mobile Launches Financial Services Arm

China Mobile announced the establishment of a new subsidiary, China Mobile Finance, whose primary business will be the provision of financial management services. The registered capital of the new subsidiary is proposed to be RMB 5 billion. The company said the new operation would strengthen its internal funds management and ensure better control of liquidity risks. Among its activities, China Mobile Finance will provide credit authentication,...

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Cortina Deliver Packet Processing Punch for Residential Gateways

Cortina Systems has begun sampling new high-performance silicon for the next wave of multi-service residential gateways.The newly announced CS7542/CS7522 devices are designed for the convergence of IPTV with DVB, router gateways, and DVR set top boxes. Such platforms will need to deliver simultaneous line rate bandwidth for secured data, voice, video, and mobile services without service degradation.Cortina Systems is basing its solution on dual ARM...

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LightSquared Signs EarthComm Solutions

Texas-based EarthComm Solutions will become a wholesale customer on LightSquared's planned 4G-LTE network. EarthComm focuses on small and mid-sized cities throughout the southwest United States and beyond. http://www.LightSquared.com http://www.earthcommsolutions.c...

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Level 3 Offers Direct Connect to Amazon Web Services

Level 3 Communications is a solution provider for Amazon Web Services' new Direct Connect service.AWS Direct Connect enables enterprises to set up a connection to an AWS region via a dedicated network circuit. Level 3 can provide end-users with 1G and 10G circuits to the AWS cloud at all Direct Connect sites.Level 3 said its advanced network and cloud services enable an ultra-high availability, end-to-end cloud platform that optimizes business productivity...

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Time Warner Cable Adds 750K Customers via Insight Acquisition

Time Warner Cable will acquire Insight Communications for $3 billion in cash. Insight serves more than 750,000 customers in Indiana, Kentucky and Ohio. The operator has approximately 537,000 high-speed data subscribers, 679,000 video subscribers and 297,000 voice subscribers. The company's DOCSIS 3.0 upgrade is largely complete.Time Warner Cable expects that, after incurring onetime costs and capital expenditures, it will create annual cost efficiencies...

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Motorola Mobility Acquisition Brings 17.000 Patents in Wireless, Compression, Security

Google will acquire Motorola Mobility for $40.00 per share in cash, or a total of about $12.5 billion, a premium of 63% to the closing price of Motorola Mobility shares on August 12, 2011.Google sees the acquisition as a step to "supercharge the Android ecosystem" which it vowed to keep open for licensing by other handset manufacturers. Google will run Motorola Mobility as a separate business.Motorola Mobility brings a a long history of innovation...

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Xsigo Rewires the Data Center with Virtualized Server Fabric

Xsigo Systems, a start-up based in San Jose, California, unveiled its fully virtualized infrastructure for cloud-optimized data centers. The Xsigo Server Fabric aims to do for infrastructure what VMware did for the servers -- namely, to enable one-click network connections from virtual machines to any data center resource – including servers, networks, storage, and other virtual machines. By providing this "one click" tool to connect VMs to networks...

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F5 Acquires Assets of Crescendo Networks

F5 Networks has acquired the intellectual property assets of Crescendo Networks, a start-up founded in 2002 that pursued application acceleration technology.The assets were acquired through liquidation proceedings in Israel, where Crescendo Networks was headquartered. In addition, a number of key Crescendo employees are joining F5's office in Tel Aviv."We welcome members of Crescendo's engineering team to F5 and look forward to enhancing our industry-leading...

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Huawei's Revenue Growth Slows to 11% in First Half of 2011

Huawei reported sales of CNY 98.3 Billion in 1H2011, up 11% year-over-year, as operating profit reached CNY 12.4 billion. Some notes highlighted by the company:In the first half of 2011, Huawei launched the first multi-mode SingleRAN solution which supports both WiMAX and LTE, and helped Saudi Arabian operator Mobily deploy the world's first TD-LTE/WiMAX dual-mode commercial network. <During this period, Huawei also deployed over 130 SingleRAN...

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Charter Deploys Cisco CRS-3 and ASR 9000 Routers

Charter Communications, the fourth-largest cable operator in the United States,is deploying the Cisco CRS-3 Carrier Routing System and Cisco ASR 9000 Series Aggregation Services Routers to deliver enhanced video, data, voice and mobile backhaul services to residential and commercial customers. Financial terms were not disclosed.The Cisco ASR 9000 includes unique video capabilities, such as high-performance multicast, integrated content caching,...

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