FCC votes 3-2 to end Net Neutrality rules

The FCC voted 3-2 along partisan lines to adopt the "Restoring Internet Freedom Order" proposed by FCC Chairman Ajit Pai to rollback Obama-era Net Neutrality rules. Voting in favor of the order were Republicans Ajit Pai, who argued that measure will usher in a new era of investment for Internet infrastructure. Also voting in favor were Republicans Michael O'Rielly and Brendan Carr. Voting against the measure were Democrats Mignon Clyburn and Jessica...

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Molex launches venture funding initiative

Molex Electronic Technologies has formed a subsidiary dedicated to investing in emerging technologies and companies. Molex Ventures specializes in investments and collaborations with startup companies that can leverage Molex design and manufacturing capabilities across a range of industry sectors, including Medical and Pharmaceutical sensors, connected health and point of care diagnostics; Automotive connected mobility, electrification and autonomous...

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Juniper moves OpenContrail's codebase to the Linux Foundation

Juniper Networks will move the codebase for OpenContrail, an open-source network virtualization platform for the cloud, to the Linux Foundation. OpenContrail is a scalable network virtualization control plane that provides feature-rich software-defined networking (SDN) and strong security. Juniper first released its Juniper Contrail products as open sourced in 2013. It has been deployed by various organizations, including cloud providers, telecom...

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Verizon acquires Chicago fiber network from WOW

Verizon Communications completed its previously announced acquisition of fiber network assets in Chicago from WideOpenWest (WOW).  The price was $225 million. Verizon said the transaction secures fiber to more than 500 macro-cell wireless sites and more than 500 small-cell wireless sites in the Chicago area. "The addition of these fiber assets is an important part of our strategy to reinforce our current network capabilities and prepare for...

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Rebecca Jacoby to step down as Cisco's SVP of Operations

After a distinguished 22-year career at Cisco, Rebecca Jacoby announced plans to retire. She currently serves as senior vice president of Operations. Cisco has appointed Irving Tan to take on the newly created role of senior vice president of Operations and Digital, responsible for leading Cisco's digital transformation across the company in partnership with Sales, Engineering and other functions. Tan currently serves as Senior Vice President of...

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Gremlin raises $7.5m for "Chaos Engineering" test tool

Gremlin, a start-up based in San Jose, California, announced $7.5 million in series A funding for its tool for deliberately injecting failure into software systems in order to proactively identify and fix unknown faults. Gremlin, which was founded by a former engineer at Amazon and Netflix, said it helps customers build more resilient system through a new engineering philosophy called chaos engineering. The new tool simulates how a system would...

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Oracle cites overall cloud revenue growth of 44%

Oracle reported total revenues of $9.6 billion for Q2 of its fiscal 2018, up 6% compared to Q2 last year. The company posted GAAP operating income of $3.1 billion, up 1% yoy, and GAAP operating margin of 32%. Non-GAAP operating income was up 10% to $4.2 billion and non-GAAP operating margin was 44%. "Overall cloud revenue growth of 44% drove our quarterly revenue and earnings higher," said Oracle CEO, Safra Catz. "With non-GAAP Cloud SaaS Applications...

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