AT&T Integrated Cloud Speaks OpenStack

AT&T took home the "OpenStack Superuser" award from this week's OpenStack Summit in Austin.  The award recognizes companies making their organizations competitive in the current software-defined economy through their contributions to OpenStack. The AT&T Integrated Cloud is already the biggest OpenStack deployment in the world, according to the company, as it deployed a total of 74 AIC zones (data centers or network centers) in 2015....

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FCC Seeks New Rules for Business Data Services

The FCC has found the special access tariffs filed by four incumbent local exchange carriers (AT&T, Verizon, CenturyLink and Frontier) to be unjust and unreasonable, with the effect of decreasing facilities-based competition and inhibiting the transition to new technologies. The FCC is requiring these companies to withdraw the illegal terms of these tariffs and file new tariffs within 60 days of release of the order. The FCC is also seeking...

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Amazon Web Services Q1 Revenue Hits $2.57 billion, up 64% YoY

In its Q1 financial statement, Amazon noted that its Amazon Web Services unit generated revenue of $2.57 billion, up 64% year-over-year. AWS is also the most profitable business at Amazon, with operating income for the quarter coming in at $604 million. Overall, Amazon's net sales increased 28% to $29.1 billion in the first quarter, compared with $22.7 billion in first quarter 2015. Excluding the $210 million unfavorable impact from year-over-year...

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Cypress to Acquire Broadcom's Wireless IoT Unit for $550M

Cypress Semiconductor agreed to acquire Broadcom's Wireless Internet of Things (IoT) business and related assets for $550 million in cash. The deal includes Broadcom's Wi-Fi, Bluetooth and Zigbee IoT product lines and intellectual property, along with its WICED brand and developer ecosystem. Broadcom's IoT business unit, which employs approximately 430 people worldwide, generated $189 million in revenue during the last twelve months. The acquisition...

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Juniper Posts Q1 Revenue of $1.01 Billion, up 3% YoY

Juniper Networks reported net revenues for the first quarter of 2016 of $1,097.9 million, an increase of 3% year-over-year and a decrease of 17% sequentially. GAAP operating margin for the first quarter of 2016 was 13.5%, an increase from 12.3% in the first quarter of 2015, and a decrease from 21.2% in the fourth quarter of 2015. GAAP net income was $91.4 million, or $0.23 per diluted share for the first quarter of 2016, an increase of 14% year-over-year...

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Infinera Posts Q1 Revenue of $245 Million

Infinera reported GAAP revenue for the first quarter of 2016 of $244.8 million compared to $260.0 million in the fourth quarter of 2015 and $186.9 million in the first quarter of 2015. GAAP gross margin for the quarter was 47.5% compared to 44.5% in the fourth quarter of 2015 and 47.2% in the first quarter of 2015. GAAP operating margin for the quarter was 6.1% compared to 5.3% in the fourth quarter of 2015 and 8.1% in the first quarter of 2015. GAAP...

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A10 Posts Q1 Sales of $53.8 million, up 22% YoY

A10 Networks reported Q1 revenue of $53.8 million, up 22 percent year-over-year. There was a GAAP net loss for the first quarter 2016 of $9.5 million, or $0.15 per share, compared with a net loss of $13.7 million, or $0.22 per share, in the first quarter of 2015. “The first quarter was a strong start to the year as we continued to build on our solid momentum,” said Lee Chen, president and chief executive officer of A10 Networks. “Our high-end...

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NeoPhotonics Posts 22% YoY Growth, Strength in 100G

NeoPhotonics reported Q1 revenue of $99.1 million, up $17.8 million, or 21.8%, from the first quarter of 2015, and up $10.0 million, or 11.2%, from the prior quarter. GAAP Gross margin was 31.4%, up from 29.6% in the first quarter of 2015, and up from 28.2% in the prior quarter. GAAP net income was $2.3 million, up from $0.1 million in the first quarter of 2015, and up from $0.4 million in the prior quarter. “In our first quarter NeoPhotonics...

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Xtera HD - an Animation

Xtera HD from Cutting Factory on Vimeo. ...

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Innovium Raises $15M, Settles Broadcom Litigation

Innovium, a pre-launch start-up targeting infrastructure solutions, announced the settlement of all litigation with Broadcom.  Financial terms were not disclosed. Innovium also announced $15 million in Series A funding from Capricorn, Walden Riverwood and other venture capital investors. The company, which is based in San Jose, California, was founded by Rajiv Khemani (previously Cavium), Puneet Agarwal (previously Broadcom), and Mohammad...

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Levyx Raises $5.4 Million for Big Data Store

Levyx, a start-up based in Irvine, California, announced $5.4 million in Series-A funding for its high-performance processing technology for reducing infrastructure costs associated with big-data applications. The funding was led by Chicago-based OCA Ventures. Additional investors include Amino Capital (a.k.a. zPark Capital) and Sumavision USA Corporation, as well as individual investors. Levyx said its "Helium" data engine is built for the modern...

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Intel Promotes Diane Bryant to Executive VP

Intel announced the promotion of Diane Bryant to executive vice president. Bryant has been leading Intel’s Data Center Group (DCG) as general manager and senior vice president since 2012. Previously, she was an Intel vice president and chief information officer of Intel. “The data center has become a primary growth engine for Intel, and under Diane’s leadership, it reported record revenue of $16 billion in 2015,” said Intel CEO Brian Krzanich. “This...

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LeEco Opens Autonomous Driving R&D Center in San Jose

LeEco, a leading Chinese Internet company, inaugurated its new, 80,000 square foot North American headquarters in San Jose, California. The headquarters will also be the future home of LeEco’s autonomous driving research center, the LeFuture AI Institute. In recent weeks, LeEco announced second-generation smartphones, an all-new 4th-generation SuperTV, the LeEco VR headset and its autonomous LeSEE electric vehicle concept car. http://www.leeco...

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