TI Posts Revenue of $3.34B, Sees Cautious Market

Texas Instruments posted Q2 revenue of $3.34 billion, net income of $446 million and earnings per share of 38 cents.  EPS includes 6 cents of charges associated with the company's September 2011 acquisition of National Semiconductor and restructuring. "TI revenue in the second quarter was about as we had expected," said Rich Templeton, TI's chairman, president and CEO.  "Our Analog and Embedded Processing segments grew sequentially,...

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Cisco Eliminates 1,300 Jobs

Cisco will eliminate 1,300 jobs -- roughly 2% of its global workforce -- as a cost-cutting measure. Cisco's next quarterly financial report is expected August 15. In July 2011, Cisco announced a workforce reduction of approximately 6,500 employees, including approximately 2,100 employees who elected to participate in a voluntary early retirement progra...

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Ciena Supplies Metro Net for Israel Credit Cards

Cal (Israel Credit Cards Ltd) has selected Ciena and its partner Telrad to build a high-capacity, low-latency private optical network connecting its new data centre in Yehud to its main facilities in Giv’atayim. The metro network uses Ciena’s 4200 Advanced Services Platform to support two 10G Ethernet and four 4G Fibre Channel connections between the data centres. Cal has leased two dark fibre links between its sites to be used as active-active links,...

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Riverbed Hits Q2 Revenue of $198 Million, up 9%

Riverbed reported GAAP revenue for Q2’12 of $198 million, an increase of 9% compared to $182 million in the first quarter 2012 (Q1’12) and an increase of 17% compared to $170 million in the second quarter 2011 (Q2’11). GAAP net income for Q2’12 was $18 million, or $0.11 per diluted share. “We executed well in the second quarter, driving stronger sales of our new Steelhead and Cascade platforms, demonstrating continued demand for performance-improvement technologies," said Jerry M. Kennelly, Riverbed president and CEO. “Revenue grew across all...

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Juniper Posts Revenue of $1.07 Billion, Down 4% YoY

Juniper Networks' Q2 revenue increased 4% sequentially, and decreased 4% on a year-over-year basis, to $1,074 million. GAAP net income came in at $58 million, or $0.11 per diluted share, and non-GAAP net income of $103 million, or $0.19 per diluted share, for the second quarter of 2012. "Juniper's second quarter results delivered sequential top line growth as a result of our focus on execution," said Kevin Johnson, CEO of Juniper Networks. "New products continued to gain traction in the marketplace with key customer wins across our portfolio....

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ZTE Lands US$281.5 million Contract with China Telecom

ZTE announced a contract valued at US$281.5 million contract for the largest share in China Telecom’s 2012 CDMA Purchase Project. Through this project, ZTE will gain a cumulative share of 43.5 per cent of China Telecom’s CDMA network. ZTE will supply its Uni-Ran solution and relevant services in over 220 cities of 27 provinces across China.“We’re very pleased to join hands with China Telecom to promote healthy development of the CDMA field,�? said...

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Broadcom Posts Record Revenues of $1.971 billion – Up 9.7% YoY

Broadcom reported record net revenue for the second quarter of 2012 of $1.971 billion, up 7.9% compared with the $1.827 billion reported for the first quarter of 2012 and an increase of 9.7% compared with the $1.796 billion reported for the second quarter of 2011. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the second quarter of 2012 was $160 million, or $.28 per share (diluted). http://www.broadcom.com ...

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VSS Monitoring Scales its Packet Broker for Network-wide Visibility

VSS Monitoring introduced a new suite of network packet brokers (NPBs) that leverage a unique fabric-system approach for interconnecting network monitoring and security systems. The new VSS Monitoring product family, called vBroker, delivers network-wide link-layer visibility and access to a broad set of network monitoring and security systems. This significantly reduces the capital costs of ensuring link visibility and analysis tool access across...

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CenturyLink To Accept FCC Connect America Funds

CenturyLink confirmed that it will accept $35 million from the FCC's Connect America Fund (CAF) to deploy broadband service to 45,000 homes in unserved rural areas. The company was eligible for nearly $90 million in CAF Phase I funding, but decided that restrictions on the use of the CAF 1 funds made further deployment uneconomic."CenturyLink is excited to be able to work with the FCC to bring broadband services to thousands of homes for the first time. In addition to the incremental CAF funding, we are investing millions of dollars of our own...

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Huawei's 2012 H1 Sales Zoom to CNY102.7 Billion, Up 5.1%

Huawei reported revenue for the first half of 2012 of CNY102.7 billion, an increase of 5.1% over the first half of 2011. Operating profit was CNY8.79 billion with the operating margin at 8.6%, an increase of 20.3% against 2011 H2 and a decrease of 22.0% from 2011 H1. The company asserted that it continues to maintain robust growth momentum although the global economic situation and telecom equipment market remains a significant challenge."In 2012, Huawei outlined our new pipe strategy and we will focus even further on this approach moving forward...

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Meraki Adds Layer 7 Visibility to Cloud-managed Switches

Meraki has enhanced its MS-series cloud managed access switches with Layer 7 visibility capability, which provides a view into application traffic at the network edge.Meraki, who pioneered application visibility in wireless LANs, is ushering in a new generation of switches with rich, fine-grained layer 7 visibility into the applications, users, and devices. For example, a quick search in the Meraki dashboard reveals how iPad utilization compares to Android tablets, which port the CEO's phone is connected to, and how much bandwidth is being consumed...

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Parks Associates: AsiaPac to overtake North America in LTE Subscriptions

The Asia & Pacific region is poised to overtake North America this year in number of 4G/LTE subscribers, thanks to large gains in South Korea and Japan, according to a new report from Parks Associates. The reports finds that the region will claim over 53% of all 4G/LTE subscribers by the end the year, helping push the total number of subscribers over 560 million globally by 2016. "Fifteen carriers in Asia & Pacific now have live LTE services, with affordable pricing models that prompt robust subscriber...

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NTT DOCOMO Xi LTE Service Subscribers Top 4 Million

NTT DOCOMO has passed the 4 million subscriber mark for its X (pronounced 'crossy') LTE service. In the past six weeks, the carrier has added over 1 million LTE subscribers, indicating that the service has entered a fast growth phase. The pace of new subscriptions nearly doubled after the introduction in summer 2012 of a Xi-compatible smartphone lineup that offered more variety to meet customer needs. Last month, DOCOMO announced flat-rate billing...

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AT&T: Smartphone Penetration at 62%, Wireless Margins Up

Driven by its highest margin for wireless services yet, AT&T reported consolidated revenues of $31.6 billion, up 0.3 percent versus the year-earlier period. Second-quarter 2012 net income attributable to  AT&T  totaled $3.9 billion, or $0.66 per diluted share, up from $3.6 billion, or $0.60 per diluted share, in the year-earlier quarter. "We executed well across the business and posted another strong...

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UK Sets LTE Auction – 800MHz and 2.6 GHz band

Ofcom, the telecoms regulator for the UK, announced its largest ever auction of spectrum for mobile services-- the equivalent of three quarters of the mobile spectrum in use today – some 80% more than released in the 3G auction which took place in 2000. The auction of spectrum for LTE is set to get underway before the end of the year. Key details of the auction have now been confirmed, including plans to reserve some of the available spectrum...

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Mindspeed Posts Results, Notes 3 LTE Small Cell Design Wins

Mindspeed reported quarterly net sales of $35.5 million and a loss per share of $0.12 on a non-GAAP basis, or a loss per share of $0.18 on a GAAP basis. Product revenue from communications convergence processing (CCP) solutions contributed 41 percent of fiscal third quarter 2012 product revenues and decreased 4 percent sequentially from the prior quarter. Product revenue from high-performance analog (HPA) products represented 48 percent of fiscal...

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VMware to Acquire Nicira for $1 Billion for Network Virtualization

VMware agreed to acquire Nicira, a start-up focused on software-defined networking (SDN) for approximately $1.05 billion in cash plus approximately $210 million of assumed unvested equity awards. The goal of SDN is to allow enterprises and service providers to create the most flexible network topologies that seamlessly span any cloud environment. Nicira, which is based in Palo Alto, California, has developed a software-based Network Virtualization...

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Infonetics: Carriers Like 100GE, MPLS, SDN, But Not So Much 40G

A new Infonetics survey of global carriers on their SDN, 40G/100G, and MPLS Control Plane Strategies finds a strong interest in software-defined networking (SDN) to simplify network provisioning. "The networking industry is riding up the hockey stick curve of hype based on the hopes of new software-defined network (SDN)/programmable network technologies,” notes Michael Howard, co-founder and principal analyst for carrier networks at Infonetics...

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Reliance Pulls IPO for its FLAG Subsidiary

Reliance Communications withdrew plans for an initial public offering in shares of its FLAG Telecom subsidiary.  Reliance had planned a public listing in Singapore. FLAG operates the 28,000-km Fiber-Optic Link Around the Globe/ In October 2003, Reliance Group acquired FLAG Telecom Group for $207 million.  A year earlier, FLAG had undergone a Chapter 11 bankruptcy proceeding to alleviate its debt...

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Infonetics: Global Market for IP/MPLS and Ethernet Services Surges Ahead

Both IP MPLS VPNs and Ethernet services grew at a combined 13% in 2011 to just over $50 billion, fueled by surging data traffic, cloud services, and cost-cutting initiatives, according to a new report from Infonetics. The research firm is predicting the market to surpass $81 billion in 2016. "The move from legacy frame relay, ATM, and leased line services onto Ethernet and IP services is quickening as businesses put a razor-sharp focus on staying...

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AT&T Workers to Get 2-3% Annual Sales Increase Under New Contract

AT&T outlined some of the provision in the tentative labor agreements with the Communications Workers of America in core wireline operations for the AT&T Midwest region and AT&T Corp.  Key points of the tentative agreements: General wage increases in each year of the contract – 2.25 percent the first year, 2.75 percent the second year, and 3 percent the third year. A 1 percent pension band increase in each year of the contract to the banded pension plan enjoyed by most current employees. New hires will continue to receive the...

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EchoStar XVII Satellite on Target

Hughes Network Systems confirmed that its newly launched EchoStar XVII satellite was successfully placed into its permanent geosynchronous orbital slot of 107.1 degrees West longitude last week. Testing is underway and Hughes expects to begin commercial operations this fall. "The launch and positioning of EchoStar XVII is a significant milestone for Hughes, as it will be the cornerstone for our HughesNet Gen4 satellite Internet service," said...

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Ciena Supplies Metro Net for Israel Credit Cards

Cal (Israel Credit Cards Ltd) has selected Ciena and its partner Telrad to build a high-capacity, low-latency private optical network connecting its new data centre in Yehud to its main facilities in Giv’atayim. The metro network uses Ciena’s 4200 Advanced Services Platform to support two 10G Ethernet and four 4G Fibre Channel connections between the data centres. Cal has leased two dark fibre links between its sites to be used as active-active links, for which Ciena’s technology provides a very low latency solution. http://www.ciena.co...

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