Cisco to Acquire Sourcefire, Creator of Snort Intrusion Detection

Cisco agreed to acquire Sourcefire (NASDAQ: FIRE) today announced a definitive agreement for Cisco to acquire Sourcefire, a leader in intelligent cybersecurity, for $76 per share in cash, representing an aggregate purchase price of approximately $2.7 billion. Sourcefire, which is based in Columbia, Maryland, was founded in 2001 by Martin Roesch, author of open source Snort, the world’s most widely deployed intrusion detection and prevention technology....

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AT&T Posts Solid Q2, LTE Builds Momentum

AT&T reported Q2 revenue of $32.1 billion, up 1.6 percent versus reported results for the year-earlier period, and up 2.6 percent adjusting for the sale of Advertising Solutions.  Second-quarter 2013 net income attributable to AT&T totaled $3.8 billion, or $0.71 per diluted share, compared to $3.9  billion, or $0.66 per diluted share, in the year-earlier quarter, up 7.6 percent. Adjusted for a gain of 4 cents on sales of América...

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Juniper's CEO to Step Down After 5 Years with the Company

Kevin Johnson, Juniper's CEO, announced plans to retire once a successor and an orderly transition is accomplished. Johnson said, "It has been a privilege to have served as Juniper's CEO during the past five years. Juniper has an exceptional management team and world-class employees and together we have grown our business and strengthened our position in the networking industry. Networks are being transformed by the rapid increase in traffic volume,...

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A10 Networks Intros Entry-level Application Delivery Controller

A10 Networks announced its new entry-level A10 Thunder Series, extending its family of Unified Application Service Gateways (UASGs) to small/medium business and enterprise customers. The 1-RU appliance delivers Application Delivery Controller (ADC) and Server Load Balancing (SLB) functionality for optimization and acceleration, full Layer 4-7 support, scalability and availability. Additional advanced modules include Global Server Load Balancing...

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Juniper Reports Q2 Revenue of $1.15 Billion, Uo 7% YoY

Juniper Networks reported Q2 net revenues of $1.151 billion, up 7% year-over-year and 9% sequentially. The company posted GAAP net income of $98 million or $0.19 per diluted share for the second quarter of 2013. Non-GAAP net income was $148 million or $0.29 per diluted share for the second quarter of 2013. As a reminder, the first quarter of 2013 included an R&D tax benefit of $0.03 per diluted share. Non-GAAP net income per diluted share increased...

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Telefónica Agrees to Acquire E-Plus Germany from KPN

Telefónica announced plans to acquire KPN’s German subsidiary, E-Plus, for 5 billion euros in cash and a stake in the resulting company of 17.6%.  Telefónica said it will finance 4.14 billion euros of the cash payment. Under the deal, Telefónica would end up holding a final 65% stake in the new company, KPN will have 17.6% and the remaining shares will be free float. If approved by regulators, the deal would make Telefónica the second largest...

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Broadcom Posts Q2 Revenue of $2.09 Billion, up 6% YoY

Broadcom reported Q2 net revenue of $2.09 billion, representing an increase of 4.2% compared with the $2.01 billion reported for the first quarter of 2013 and an increase of 6.0% compared with the $1.97 billion reported for the second quarter of 2012. The net loss (GAAP_ was $251 million , or $.43 per share (basic and diluted), compared with GAAP net income of $191 million , or $0.33 per share (diluted), for the first quarter of 2013 and GAAP net...

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Ericsson Acquires Canadian Systems Integration Company

Ericsson agreed to acquire Telcocell, a Canadian-based consulting and systems integration company specializing in Business Support Systems (BSS).  Fiancial terms were not disclosed.  Approximately 200 services employees and consultants primarily based in Canada and the United States are expected to join Ericsson. Telcocell's consulting and systems integration delivers converged charging, custom development, quality assurance and production...

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FCC Revitalizes E-Rate Program for Schools and Libraries

The FCC has kicked off a review and modernization of the E-rate program built around three goals: increased broadband capacity, cost-effective purchasing, and streamlined program administration. E-rate was established in 1997 and represents the federal government's largest education technology program. To date, the E-rate program has successfully connected virtually all U.S. schools and libraries (97% of U.S. classrooms) to the Internet. However,...

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ZTE's Low-Cost Smartphones for India

ZTE introduced six new smartphones, including its flagship Quad-Core ZTE Grand X, for India.  ZTE is partnering with Calyx Telecommunications to make the devices widely available to consumers across the country. In addition, ZTE is introducing four new data cards together with partner Digilife. ZTE, which ranks in the top 5 mobile handset and smartphone manufacturers, said its new ZTE smartphones are priced between Rs. 5,000 and Rs, 15,000. “By...

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