ECI overhauls slow-growing former Laurel business
With the growth of its data networking division lagging behind expectations, ECI Telecom vowed to make significant changes to the business it inherited by acquiring Laurel Networks last year...
Ikanos CEO steps down
Rajesh Vashist, chairman and chief executive officer of DSL chip maker Ikanos Communications, has resigned both posts, effective immediately, the company announced late Tuesday. ...
BT acquires Counterpane
BT today announced that it has acquired managed security service provider Counterpane Internet Security, a privately held Silicon Valley company...
Tellabs’ sales of FTTP gear dip
Sales of Tellabs’ fiber-to-the-premises (FTTP) gear dipped in the third quarter as a major customer (most likely Verizon Communications) made an “inventory correction,” making more use of the gear it had already purchased, Tellabs said...
Lucent’s Russo: Alcatel merger ‘on track’
Lucent Technologies chairman and CEO Pat Russo said during the company’s earnings call this morning for its fiscal fourth quarter and fiscal year 2006 results that Lucent’s pending merger with French vendor giant Alcatel remains “on track” to close by the end of 2006...
Access line loss slows, says BellSouth
In what could be the last earnings call for BellSouth as a separate company, Chief Financial Officer Pat Shannon said access line loss rates are “flattening,” as cable VoIP deployment is completed and losses to wireless substitution are reduced...
Oracle agrees to acquire MetaSolv
Software giant Oracle announced at its Oracle Openworld conference in San Francisco today that it has agreed to acquire MetaSolv Software, a provider of service provisioning, fulfillment and other OSS functions, for $219.2 million in cash...
NewStep investors back FMC strategy with $7 million
NewStep Networks said today it has raised $7 million in Series B funding. Return investors are supporting the company’s standards-based approach to solutions that support fixed/mobile convergence...
AT&T revenues jump, U-verse ‘on track’
AT&T reported a 74% increase in third-quarter revenues, based on wireless growth, improved wireline performance and faster-than-expected integration of AT&T and SBC Communications...
Ericsson’s revenues, profits up
Ericsson saw its revenues climb 12% in the third quarter as the vendor achieved gains in network equipment sales as well as a healthy cash infusion from its outperforming handset venture with Sony...
VoIP Inc. completes first phase of restructuring
VoIP service provider VoIP Inc. raised $2.3 million in a private placement and also terminated a marketing and distribution agreement as part of the just-completed first phase of its corporate restructuring...
Redback sales to BellSouth dip
Sales of Redback Networks’ gear to its biggest customer, BellSouth, dropped in the third quarter, but the vendor expects the situation to return to normal next quarter...
Nokia increases market share, lowers prices
Nokia today claimed that the Finnish vendor boosted its global handset market share to 36%, broadening the gap between itself and rival Motorola, but it did so by slashing phone costs...
Cingular adds 1.4M subs, profits soar
If there were any lingering questions about Cingular’s recovery since its acquisition of AT&T Wireless two years ago, they were dispelled today. Cingular posted record profits and posted subscriber gains of 1.36 million in the third quarter...
Juniper CEO heralds end of carrier Ethernet
Juniper Networks’ new carrier Ethernet router, the MX960, will bring about the end of the market for carrier Ethernet gear, Juniper chief executive officer Scott Kreins said during the company’s third-quarter earnings call late Wednesday...
Expansion plans hurt EarthLink’s earnings
EarthLink’s sky-high ambitions have brought the company’s earnings crashing down to earth, as its Helio wireless investment was largely responsible for a third-quarter loss of $3.2 million, or two cents per share...
Korean vendors face surmounting handset pressure
Both Samsung and LG Electronics’ telecom divisions managed to boost handset sales in third quarter even while facing increasing pressure from Motorola and Sony Ericsson...
Moto’s momentum checked in Q3
Cracks in Motorola’s armor appeared this week, as the handset and infrastructure vendor continued its upward sales trajectory and reclaimed more global phone share but fell short of its revenue guidance and saw its profits fall 45%....
Updated: Level 3 buys Broadwing
Long-rumored as an acquisition target of either Global Crossing or XO Communications, Broadwing today was acquired instead by Level 3 Communications, which will pay $1.393 billion in aggregate stock and cash...
Nokia to close Texas plant
Nokia is closing a Fort Worth, Texas, handset repair and distribution facility by the end of the first quarter, laying off 300 of the facility’s 450 workers...
Turin wins White Rock
Turin Networks won the assets of White Rock Networks in a bankruptcy court auction last week, White Rock has confirmed. The companies expect the court to approve the deal Tuesday afternoon...
CLECs challenge AT&T 'back-room lobbying'
Two competitive carriers – NuVox Communications and XO Communications – this morning filed an emergency motion with the Federal Communications Commission, asked the agency to disclose all communications it has had with AT&T in the final hours before the FCC’s vote on the AT&T-BellSouth merger. ...
Time Warner Telecom changes its name
Time Warner Telecom is changing its name. To what, exactly, isn’t completely certain...
Convergys boosts guidance with BT extension
One can’t always make a distinction between the date of an announced vendor/service provider contract and the actual date the ink dried, so the five-year contract Convergys announced this week with BT may or may not have had an impact on its other announcement today that the company has raised its guidance for the third quart...
Turin bids on White Rock
Turin Networks has bid about $3 million for most of the assets of White Rock Networks, according to the Dallas Business Journal...
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