Cisco Unveils its Application Centric Infrastructure

Cisco unveiled its Application Centric Infrastructure for data centers and clouds. In a press event in New York, John Chambers described ACI as the next big transformation of the IT industry driven by imperatives of the application economy. ACI is a step beyond virtualization and software-defined networks (SDN), said Chambers, because it brings agility and automation with full visibility and integrated management of both physical and virtual networked...

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Cisco Acquires Insieme for $830 Million - Application Centric Infrastructure

Cisco will acquire the remaining interest that it does not yet hold in San Jose-based Insieme Networks, its in-house spin-in focused on application centric infrastructure products. Insieme was started by three Cisco insiders: Prem Jain, Mario Mazzola and Luca Cafiero. Insieme's platform is being labeled the Nexus 9000 family of data center switches for End-of-Row (EoR), top-of-rack and middle-of-rack deployments. Upon the close of the transaction,...

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Barracuda Networks Completes IPO

Barracuda Networks completed an initial public offering of 4,140,000 shares of its common stock at a price to the public of $18 per share. The shares are now traded under the symbol NYSE: CUDA. Morgan Stanley & Co., J.P. Morgan Securities and BofA Merrill Lynch were lead joint bookrunners for the offering. Barracuda provides cloud-connected security and storage solutions. https://www.barracuda.com/news/press_release/1...

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Ericsson Investor Conference: Growing Twice as Fast as Market, Services & Support

Ericsson presented an update on its business fundamentals, market outlook, competitive positioning and investment strategy at its annual Investor Day conference in Stockholm. "Looking at sales growth in a longer perspective, it is encouraging to see that we grew twice as fast as the market in 2010-2012, currency adjusted. This is proof that our strategy is effective and that we are delivering real value to our customers," stated Hans Vestberg,...

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tw telecom Expands Metro and Regional Fiber Network into New Markets

tw telecom announced a multi-market expansion of its metro and regional fiber network into five new markets across the U.S.:  Boston, Cleveland, Salt Lake City, Philadelphia and Richmond. The expansion increases its addressable market by expanding its metro fiber footprint approximately 17%.  tw telecom will also increase the density of its metro-fiber footprint in 27 existing markets. "Our multi-market expansion will leverage our...

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Qualcomm's Sales Continue 33% YoY

Qualcomm reported quarterly revenue of $6.48 billion, up 33 percent year-over-year (y-o-y) and 4 percent sequentially. Net income was $1.50 billion, up 18 percent y-o-y and down 5 percent sequentially. MSM chip shipments in the quarter came in at 190 million units, up 35 percent y-o-y and 10 percent sequentially. "I am very pleased with our record financial performance this year as we delivered revenues of $25 billion, up 30% versus last year....

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Huawei Plans US$600 Million Investment in 5G

Huawei plans to will invest a minimum of US$600 million in research and innovation for 5G technologies by 2018. The company predicts that the first 5G networks will be ready for commercial deployment starting in 2020 and will deliver peak data rates of over 10Gbps, 100 times faster than today's 4G networks. Eric Xu, rotating CEO of Huawei, said: "Innovation is a continuous journey. While we continue to evolve our existing 4G network capabilities,...

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