Powerwave Technologies released preliminary revenue estimates for its fiscal third quarter ended October 2, 2011, saying that it now anticipates that revenues will be in the range of $75 million to $79 million -- well below market expectations.
Powerwave makes antennas and base station components for network equipment manufacturers.
The cited a number of several factors, including a significant slowdown in spending by North American network operators, a significant reduction in activity with original equipment manufacturing customers, coupled with further weakness in several international markets, including Western and Eastern Europe, and the Middle East.
Ronald Buschur, President and Chief Executive Officer of Powerwave Technologies, stated that "From a global perspective, we believe that the current economic environment has caused operators to reduce or postpone their spending plans for the near term while they evaluate the macro-economic pressures in each individual market. The Middle East market has been significantly impacted by the political unrest throughout the region. In addition, in the North American market we believe that the uncertainty arising from the government's recent opposition to the proposed merger of AT&T and T-Mobile, has led to delays in spending as these operators re-evaluate their capital spending plans."http://www.powerwave.com/2176.asp
Powerwave makes antennas and base station components for network equipment manufacturers.
The cited a number of several factors, including a significant slowdown in spending by North American network operators, a significant reduction in activity with original equipment manufacturing customers, coupled with further weakness in several international markets, including Western and Eastern Europe, and the Middle East.
Ronald Buschur, President and Chief Executive Officer of Powerwave Technologies, stated that "From a global perspective, we believe that the current economic environment has caused operators to reduce or postpone their spending plans for the near term while they evaluate the macro-economic pressures in each individual market. The Middle East market has been significantly impacted by the political unrest throughout the region. In addition, in the North American market we believe that the uncertainty arising from the government's recent opposition to the proposed merger of AT&T and T-Mobile, has led to delays in spending as these operators re-evaluate their capital spending plans."http://www.powerwave.com/2176.asp
Shareholders in Telstra have voted to approve the company's participation in the roll out of the National Broadband Network (NBN), including the decommissioning of the company's copper network. The resolution on the NBN received the support of 99 percent of shareholders who have voted or lodged a proxy. 
Dropbox, a start-up based in San Francisco, raised $250 million in Series B financing for its online storage service. Dropbox currently has 45 million users who are collectively saving one billion files every three days. The company offers 2GB of free storage for Windows, Mac, Linux and mobile users. Subscriptions up to 100GB available. The service easily lets users share large files will friends, classmates and colleagues. Dropbox is seeking to extend its service to consumer devices and applications.
VSS Monitoring, a privately-held supplier of Network Intelligence Optimization, reported a record breaking Q3 2011 with 55 percent quarter-to-quarter growth. The company, which achieved year-over-year growth of 107 percent, , confirmed increased market demand for its analytics, security and WAN acceleration tools.
Etisalat, the leading mobile telecommunications operator in the United Arab Emirates, has signed an agreement with Alcatel-Lucent concerning the development of mobile broadband built around the Alcatel-Lucent lightRadio product family. The agreement was signed by Nasser bin Obood, Acting CEO- Etisalat and Mr. Nicolas Bouverot, Vice President ME, Alcatel-Lucent.
Michigan Technological University (Michigan Tech) has deployed BridgeWave's 80 GHz millimeter wave systems to connect several disparate buildings across its campus. The 80 GHz links eliminated the need to trench fiber under the nearby Portage shipping canal. The GigE wireless bridges have a highly secure, narrow antenna beam width, which is useful when transferring sensitive information across the campus network. BridgeWave's AdaptRate (AR) radios also include Advanced Encryption Standard (AES), the strongest data encryption available. The university reports that the connections continue to perform during Michigan's notoriously snowy winter. http://www.bridgewave.com
Xtera Communications announced a multi-year contract to supply its optical transport systems to Gulf Bridge International (GBI), the Middle East's first privately-owned submarine cable operator. Under the contract, Xtera Communications will supply GBI's 100G networking needs for terrestrial and upgrades of submarine routes in Europe, the Mediterranean and North Africa. The contract provides Xtera with full turnkey responsibilities. The contract also includes Xtera's full portfolio of optical networking products. Financial terms were not disclosed. http://www.xtera.com http://www.gbiinc.com
