Palo Alto Networks Rises 26.5% in IPO

On the first day of trading, shares in Palo Alto Networks (NYSE: PANW) rose 26.5% to close at $53.13. This gives the company a market cap of $1.09 billion. President and CEO Mark D. McLaughlin, joined by members of Palo Alto Networks’ leadership team, celebrated the company’s first day of trading by visiting the NYSE trading floor for the stock opening and ringing The Opening Be...

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President’s Council Recommends Opening 1,000 MHz for Shared Use

U.S. federal policy should shift in favor "Shared-Use Spectrum Superhighways" instead the current plan which is to first clear federal users from specific bands and then auction this spectrum for the exclusive use of the highest bidder, according to a new report issued by the President’s Council of Advisors on Science and Technology (PCAST). The report identifies 1,000 MHz of federal spectrum for sharing with the private sector. The New Spectrum...

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Brazil Suspends New Mobile Line Sales Due to Poor Service

Brazil's National Telecommunications Agency (Anatel) has prohibited the nation's mobile operators with the worst customer service from selling new lines. The ban impacts the following carriers: TIM, Hi, and Clear in certain regions where their performance is the worst. The ban against TIM is the widest due to a spike in problems Failure to comply with this order will result in a penaly of R$200,000 per day in each state in which the noncompliance...

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CWA Negotiator Dies in Tragic Drowning

The Communications Workers of America is mourning the loss of Seth Rosen, vice president of Communications Workers of America District 4, who drowned in a tragic accident in North Carolina on Friday, July 20, 2012. He was 55. Last week, Mr, Rosen was working to finalize a tentative agreement for CWA members at AT&T Midwest. He was elected CWA vice president in 2005, and was a leader in organizing, bargaining and many areas of the union....

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AT&T and Unions Reach Tentative Deals in Two Regions

The Communications Workers of America District 4 and CWA’s Telecommunications and Technologies Sector announced tentative deals with AT&T Midwest and AT&T Legacy. The tentative settlement provides for wage increases, improvements in employment security and improvements in work and job issues limits on forced overtime and changes to unfair attendance policies. District 4 covers about 15,000 CWA members at AT&T operations in Ohio, Indiana,...

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China Telecom Adds 17.7 Million Mobile Subscribers in 1st Half

China Telecom added 17.71 million mobile subscriptions in the first half of 2012, 0f which 14.6 million were 3G accounts, giving it a total of 144 million subscribers. China Telecom remains on a steady pace of adding over one million broadband lines per month. Local access lines continue to drop due to mobile substitution, broadband substitution, as well as competition. In June, ZTE announced a contract for 40% of China Telecom’s 2012 broadband...

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VMware Hits Revenue of $1.12 Billion, up 22% YoY

VMware reported Q2 revenue of $1.12 billion, an increase of 22% from the second quarter of 2011, and 23% measured in constant currency. Net income for the second quarter was $192 million, or $0.44 per diluted share, compared to $220 million, or $0.51 per diluted share, for the second quarter of 2011. Non-GAAP net income for the quarter was $296 million, or $0.68 per diluted share, compared to $235 million, or $0.55 per diluted share, for the second quarter of 2011. License revenues for the second quarter of 2012 were $517 million, an increase...

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Riverbed Enhances WAN Optimization with Inbound QoS

Riverbed introduced an inbound QoS capability to its Steelhead WAN optimization appliances. The inbound QoS is increasingly needed to ensure the performance of public cloud services, such as SaaS, that may compete with recreational traffic such as Facebook and YouTube. Riverbed said its Steelhead already offers advanced traffic classification and outbound QoS capabilities, so its appliance is the right place to ensure inbound QoS as well. Riverbed...

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IEEE Forms 802.3 BASE-T Study Group

IEEE has established a new 802.3 Next-Generation BASE-T Study Group to measure industry interest and needs in the next generation of Ethernet transmission over twisted-pair cabling. Current IEEE 802.3 BASE-T typically runs at Gigabit Ethernet and 10 Gigabit Ethernet speeds and is used in data centers. "Because of the ability of current IEEE 802.3 BASE-T technologies to interoperate with legacy versions via the standard’s autonegotiation’ feature...

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