Gigamon Enhances FlowVUE Feature with Overlapping Flow Samples

Gigamon introduced a subscriber-based IP sampling paradigm which helps service providers turn big data into manageable data providing greater visibility and insight. The new capabilities in Gigamon’s FlowVUE application enable users to send overlapping flow samples to multiple analytic tools at the same time. Gigamon said that by expanding tool rail depth of analysis, operators can gain a multi-dimensional understanding of subscriber behavior and...

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Ericsson Lands Big Managed Services Contract with Turkcell

Turkcell has selected Ericsson to manage and operate its mobile and fiber optic fixed network, which includes microwave links and covers all technologies from 2G to 4G/LTE. Ericsson is now Turkcell's exclusive managed services partner in the Marmara region, which includes Istanbul. The deal extends a long-term partnership between the two companies. Financial terms were not disclosed. Ericsson said it will also introduce tools, processes and refined...

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Arista Hits Q3 Revenue of $290.3 million, up 33.4% YoY

Arista Networks reported Q3 revenue of $290.3 million, an increase of 8.0% compared to the second quarter of 2016, and an increase of 33.4% from the third quarter of 2015. GAAP gross margin came in at 64.2%, compared to GAAP gross margin of 63.8% in the second quarter of 2016 and 65.2% in the third quarter of 2015. GAAP net income was $51.3 million, or $0.69 per diluted share, compared to GAAP net income of $28.7 million, or $0.39 per diluted share,...

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Rackspace Completes Privitization

Rackspace is now a private company.  It was acquired by affiliates of funds managed by affiliates of Apollo for $32.00 per share in cash. In connection with the transaction, funds managed by Searchlight Capital Partners, L.P. also made a strategic equity investment in the acquired company. Rackspace's common stock will no longer be listed for trading on the New York Stock Exchange. "We are excited to begin this new chapter for Rackspace as...

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Private Equity Firm Acquires Lattice Semi for $1.3 Billion - FPGAs

Canyon Bridge Capital Partners agreed to acquire all outstanding shares of Lattice Semiconductor Corporation (NASDAQ:LSCC) for approximately $1.3 billion inclusive of Lattice’s net debt, or $8.30 per share in cash. This represents a 30% premium to Lattice’s last trade price on November 2, 2016, the last trading day prior to announcement. Lattice supplies low power FPGA, video ASSP, 60 GHz millimeter wave, and IP products to the consumer, communications,...

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NeoPhotonics Hits Recrod Revenue of $103M, up 24% YoT

NeoPhotonics, which supplies advanced hybrid photonic integrated optoelectronic modules and subsystems, posted record Q3 revenue of $103.3 million, up $19.8 million, or 23.6%, from the third quarter of 2015, and up $4.2 million, or 4.2%, from the prior quarter. Gross margin was 26.6%, down from 28.4% in the third quarter of 2015, and down from 27.8% in the prior quarter. “In our third quarter NeoPhotonics delivered solid results with revenue of...

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Marvell Cuts 900 Jobs in Restructuring

Marvell Technology Group announced restructuring actions intended to refocus its research and development (R&D), increase operational efficiency and improve profitability. The company will discontinue specific R&D programs, streamline engineering processes, and consolidate R&D sites. The restructuring, which will eliminate approximately 900 positions worldwide by the end of October 2017, will lower annual operating expenses from a current...

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