Tellabs Reports Q2 Revenue of $288 million

Tellabs reported Q2 revenue of$288 million, compared with $317 million in the year-ago quarter. There was a net loss of $5 million or 1 cent per share in the second quarter of 2012, compared with a net loss of $29 million or 8 cents per share in the second quarter of 2011."In the second quarter, Tellabs grew revenue sequentially by 12%, generated $32 million in cash from operations, and improved margins and profitability," said Dan Kelly, Tellabs acting CEO and president. "We won new business and delivered major product releases. While we see a...

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MetroPCS Surpasses 700,000 LTE Subscribers- now 8% of Customers

MetroPCS delivered improved financial performance despite a net loss of 186,000 subscribers in Q2 as the cost of operating its network decreased.Roger D. Linquist, Chairman and Chief Executive Officer of MetroPCS, said, "During the second quarter, we focused on generating Adjusted EBITDA and cash flow versus subscriber growth as we position for our anticipated launch of†4G LTE For All by the end of the third quarter... Looking towards the remainder of 2012, we believe demand for high-speed wireless broadband service will increase and we will be...

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Ixia Posts Revenue of $92.3 Million

Ixia posted Q2 revenue of $92.3 million, compared with $69.0 million reported for the 2011 second quarter and $85.6 million reported for the 2012 first quarter. Second quarter 2012 revenue includes approximately $3.9 million attributable to the recently acquired Anue Systems for the period following the June 1, 2012 closing date. Net income (GAAP) was $26.9 million, or $0.33 per diluted share, compared with net income of $0.5 million, or $0.01 per diluted share, for the 2011 second quarter. "Our solid second quarter results were driven by healthy...

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Radisys Reports Q2 Revenue of $77.6 Million

Radisys reported Q2 revenues of $77.6 million and non-GAAP revenue of $77.7 million. Second quarter GAAP net income was $1.3 million or $0.05 per share and non-GAAP net income was $5.2 million or $0.17 per diluted share.Commenting on the second quarter results, Mike Dagenais, Radisys' Chief Executive Officer, stated, "Our second quarter non-GAAP earnings came in towards the higher end of our expectations. A favorable ATCA customer mix combined with strong Software-Solutions revenue, which was over 20% of total revenue, enabled non-GAAP gross margins...

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NETGEAR Posts Q2 Revenue of $321 Million, up 10% YoY

NETGEAR reported Q2 2012 net revenue of $320.7 million, as compared to $291.2 million in the comparable prior year quarter, 10.1% year-over-year growth. Net income, computed in accordance with GAAP, for the second quarter of 2012 was $21.5 million, or†$0.56 per diluted share.Patrick Lo, Chairman and Chief Executive Officer of NETGEAR commented, "Despite the challenging macro environment in Europe, we are pleased that we finished the second quarter with double digit year-over-year worldwide revenue growth. We increased our R&D spend and we...

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Facebook Hits 955 Million Users

Some key operational metrics from Facebook:Monthly active users (MAUs) were 955 million as of June 30, 2012, an increase of 29% year-over-year.Daily active users (DAUs) were 552 million on average for June 2012, an increase of 32% year-over-year.Mobile MAUs were 543 million as of June 30, 2012, an increase of 67% year-over-year."Our goal is to help every person stay connected and every product they use be a great social experience," said Mark Zuckerberg,...

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Verizon Completes Acquisition of HUGHES Telematics

Verizon Communications completed its previously announced acquisition of HUGHES Telematics Inc.(HTI), providing the company with much greater resources for the delivery of automotive and fleet telematics and machine-to-machine services. "Machine-to-machine services are beginning to play a vital role reshaping the business landscape and setting new consumer expectations about establishing valuable connections in their vehicles, their homes and the...

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Motorola Mobility to Relocated to Downtown Chicago

Motorola Mobility will relocate its headquarters in Libertyville, Illinois to downtown Chicago's Merchandise Mart in summer 2013. †Motorola Mobility will become the landmark building's largest tenant and will occupy nearly 600,000 square feet on the top four floors and the rooftop."Today marks a homecoming for a company that was founded in Chicago over 80 years ago and continues to innovate to this day," said Mayor Emanuel. "Motorola Mobility joins a growing group of industry-leading companies that see Chicago as a global leader of talent development...

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FCC Officially Launches "Connect America" Fund

The first phase of the FCC's "Connect America Fund" is underway with about $115 million in public funding being allocated to bring broadband to nearly 400,000 residents and small business owners in 37 states.Many projects are now receiving funding and are expected to begin immediately/ All projects must be completed within three years.The FCC estimates that nearly 19 million residents currently lack access to broadband. "I'm pleased to announce...

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Sprint Nextel Reports Second Quarter 2012 Results and Updates Full Year Forecast

Sprint Nextel posted better financial results for Q2 2012 thanks to postpaid ARPU growth of $4.31 -- the largest quarterly year-over-year increase on record for the U.S. wireless industry. Overall, there was a net loss of $1.4 billion and a diluted net loss of $.46 per share for the second quarter of 2012 as compared to a net loss of $847 million and a diluted net loss of $.28 per share in the second quarter of 2011. Wireless service revenues...

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Google Rolls Gigabit Fiber for Kansas City

Google launched its first fiber access service in Kansas City. Google Fiber promises access download speeds of up to 1 Gbps in select neighborhood where an economically viable number of residents pre-register their commitment to enroll in the service. Google Fiber marks the company's commercial debut as a broadband ISP and as a paid-TV operator. Google Fiber TV will carry hundreds of channels (including local stations) tens of thousands of shows...

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Three Big Internet Outages for Thursday

Three major Internet services suffered apparently unrelated outages on Thursday, July 26th. Google Talk Windows Azure in Western Europe Twitter. http://status.twitter....

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Alcatel-Lucent's Q2 Hit by Delayed Carrier Spending

Citing delayed carrier spending and deteriorating macroeconomic environment, Alcatel-Lucent reported disappointing financial results for Q2 2012 as the company generated revenues of Euro 3,545 million, up 10.6% quarter-over-quarter and down 7.1% year-over-year on a reported basis. Gross margin came in at 31.7% of revenue for the quarter, compared to 34.9% in the year ago quarter and 30.3% in the first quarter 2012. There was a net loss of Euro (254)...

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