Alcatel-Lucent issues Q4 warning
Alcatel-Lucent won't report quarterly earnings for the first time as a combined company until Feb. 9, but already the new megamerger in town has issued a warning that fourth-quarter 2006 revenue will be lower than Alcatel's 2005 figure--and that new cost-cutting measures may lie ahead...
Start-up targets SMS for FMC
In an era of consolidation, start-ups have become rare but Stoke, a venture capital-funded newcomer, is nonetheless going bravely where it thinks no one...
Details emerge in Motorola’s Tut merger
A single top-tier U.S. carrier played a large, influential role in the merger negotiations between Motorola and Tut Systems, regulatory filings revealed this week. Clues suggest that carrier could be Verizon Communications...
Linda Beck becomes New Edge chief
Linda Beck is taking over as only the second person to lead New Edge Networks, but the EarthLink veteran hopes to bring unique expertise to the competitive service provider....
Tellabs joins fourth-quarter warning trend
Tellabs has become at least the fifth telecom equipment vendor to warn of lower-than-expected fourth-quarter financial results....
Level 3 completes Broadwing buy
Level 3 announced today that it has completed its acquisition of Broadwing but is not providing details until its fourth-quarter earnings are released in February...
EarthLink’s Betty succumbs to cancer
Garry Betty, the man who led EarthLink through its transformation from a popular Internet service provider to a multimedia operator in voice, wireless, business services and data, died Tuesday due to complications from cancer...
Juniper bids 2006 good riddance
As 2007 arrives, one company that probably welcomes the calendar change more than most is Juniper Networks, for whom next year promises to be better than this one....
Stock option problems cost Juniper $900M
Juniper Networks expects to record a $900-million charge as a result of improprieties in its stock option granting practices, the company revealed late Wednesday....
Motorola acquires Tut Systems
Motorola has agreed to acquire video systems vendor Tut Systems for $39 million in cash, or $1.15 per share. The move is only the latest acquisition meant to bolster Motorola’s growing presence in the residential video market. ...
Ericsson, Redback CEOs exchange vows
In a press conference this morning, Redback Networks Chief Executive Officer Kevin DeNuccio described the proposed acquisition of his company by Swedish wireless giant Ericsson as a marriage of the two most important technologies of future networks: Internet protocol and mobile networks...
IP Unity, Glenayre messaging to combine
In a move designed to capitalize on fixed/mobile convergence and increased scale, IP Unity has acquired the Glenayre Messaging division of Glenayre Technologies...
Eagle Broadband grows IT business via acquisition
Eagle Broadband last week agreed to acquire the corporate information technology (IT) customers of Houston-based Connex Services, the company announced today...
Cisco adds $2B in financing to emerging markets
Cisco Systems’ financing arm, Cisco Capital, is dedicating $2 billion per year in short-term inventory financing capacity for its channel partners in emerging countries....
ITU: Micro-funding could aid telecom development
HONG KONG--Microfinancing is in the spotlight at the ITU Telecom World show here, as the global telecom community looks at ways to better leverage technology to improve the quality of life in developing nations...
Motorola acquires Netopia
Motorola will acquire Netopia for about $208 million in cash, the companies announced today...
XO narrows loss on cost control
XO Holdings reported higher adjusted EBITDA and a narrower loss, despite lower revenues for its primary unit, XO Communications. For the third quarter, the company had $352.3 million in revenue, $33.9 million in adjusted EBITDA and a net loss of $23.0 million...
Worldwide cable surging
Cable TV operators are slowly growing their base worldwide but more importantly are improving their reputation for service, according to In-Stat’s annual survey of cable operations...
TWT narrows loss
Time Warner Telecom announced improved results from a third quarter that included major financial events including closing of its acquisition of Xpedius, the metro fiber optic service provider TWT bought for $576 million...
Cable companies make a comeback
The cable industry, led by Comcast, made a significant comeback in selling cable modems in the third quarter, according to Information Gatekeepers Inc., an industry analyst firm that has been predicting DSL growth will overtake cable modem deployment...
