Verizon to acquire BlueJeans for video meetings

Verizon Business agreed to acquire BlueJeans Network, which offers an enterprise-grade video conferencing and event platform. Financial terms were not disclosed. BlueJeans’ cloud-based video service currently serves a wide variety of business segments from small organizations to some of the world’s largest multinational brands, and has played a significant part in continuing those companies’ operations during the ongoing work-from-home surge. BlueJeans,...

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Digitimes: Huawei shifts silicon sourcing away from TSMC to SMIC

Huawei's HiSilicon division has begun shifting some production away from Taiwan Semiconductor Manufacturing Company (TSMC) to Shanghai-based Semiconductor Manufacturing International (SMIC), according to a report from DigiTimes. The shift reportedly concerns new orders based on SMIC's 14nm FinFET process, which recently began production. By looking to domestic foundries, Huawei is believed to be bracing for possible U.S. government action to restrict...

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FCC Chairman favors Ligado's bid for low-power L-band terrestrial network

FCC Chairman Ajit Pai circulated  a draft order that would approve with conditions Ligado’s application to deploy a low-power terrestrial nationwide network in the L-Band that would primarily support 5G and Internet of Things services.  “After many years of consideration, it is time for the FCC to make a decision and bring this proceeding to a close,” said Chairman Pai.  “We have compiled an extensive record, which confirms that it...

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Movandi raises $27M for mmWave routers/repeaters

Movandi, a start-up based in Irvine, California, raised $27 million in Series C funding for its 5G mmWave CPE. 5G mmWave solutions include 5G BeamXR active routers/repeaters and BeamX RF front-end for fixed wireless CPE, mobile devices, small cells, and Open Radio Access Networks (ORAN) radio units (RU). These products accelerate deployments across the complete 5G ecosystem from consumer and enterprise market segments, and applications from IoT,...

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ZTE and Red Hat collaborate on VNFs

ZTE is collaborating with Red Hat on a new reference architecture for virtual network functions (VNFs). The architecture uses Red Hat OpenStack Platform and ZTE’s hardware. Specifically, ZTE has completed the VNF certification of Red Hat OpenStack Platform 13 and plans to begin the certification for Red Hat OpenStack Platform 16 this year. ZTE also plans to provide the integrated environment for its VNF services with Red Hat OpenStack Platform...

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NETSCOUT updates financial guidance

NETSCOUT announced the following preliminary Fiscal Year 2020 guidance: GAAP and Non-GAAP revenue in the range of $890 million to $892 million; GAAP net income in the range of $1 million to $3 million, or $0.01 to $0.03 per share (diluted); Non-GAAP net income in the range of $117 million to $119 million, or $1.54 to $1.56 per share (diluted), assuming an effective tax rate in the low 20% range; Cash, cash equivalents and short-term marketable...

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Stamus raises $1.5M for cybersecurity software

Stamus Networks, a start-up with offices in Indianapolis and Paris, France, announced $1.5 million in seed funding for its cybersecurity software. The company said its approach clearly illuminates threats by correlating network traffic analysis and threat detection in real time.  The company was founded by the creators of the widely-deployed open source SELKS platform. VisionTech Angels and Elevate Ventures, both Indianapolis-based investment...

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