Sonus Networks announced plans to cut its workforce by approximately 93 people, or 10% of employees worldwide. The company expects to incur restructuring charges for severance and related costs of approximately $1.4 million to $1.9 million on a pre-tax basis in the third quarter of fiscal 2009 in connection with this action and anticipates annual compensation-related cash savings of approximately $9.4 million to $10.3 million as a result of this restructuring initiative.
"This is the final phase of the restructuring initiative we began at the end of last year with the goal of re-aligning our business to market needs and opportunities," commented Richard Nottenburg, president and chief executive officer of Sonus Networks.
http://www.sonusnet.com
"This is the final phase of the restructuring initiative we began at the end of last year with the goal of re-aligning our business to market needs and opportunities," commented Richard Nottenburg, president and chief executive officer of Sonus Networks.
http://www.sonusnet.com
first-to-market offering is in response to its North American customers' demand for greater bandwidth capacity, stemming from the precipitous rise in deployment of next-generation services, such as streaming video, IP multimedia and web conferencing. Additionally, financial exchanges and media houses need secure and high-performance capacity to ensure they are meeting their industries' critical network requirements.
One of the features, FiOS Media Manager, gives DVR users advanced PC-to-TV features that allow them to play on their big-screen entertainment systems personal videos, photos or music stored on a computer. Specifically, Media Manager lets users wirelessly stream personal photos, music and videos from their computer to their TV screens, plus search and enjoy online videos from blip.tv, Dailymotion and Veoh on their TV.






