Sycamore cuts 10% of staff
By: By Ed Gubbins
Sycamore Networks will cut 10% of its workforce this month, or 46 employees, the company announced Friday...
Covad cuts staff
By: By Ed Gubbins
Covad Communications cut 8% of its workforce in the second quarter, the company announced today...
CommScope to buy Andrew for $2.6 billion
By: By Dan O'Shea
Perhaps the second time is the charm for CommScope and Andrew. The companies announced a definitive agreement under which CommScope will acquire Andrew for about $2.6 billion (about $15 per share) in a transaction that will be at least 90% cash-based...
Sycamore sales VPs dwarf CEO pay
By: By Ed Gubbins
When he resigned as Sycamore Networks’ top sales officer last fall, Araldo Menegon was earning more than four times what his boss was...
RCN acquires Neon Communications
By: By Ed Gubbins
RCN has agreed to acquire Neon Communications for about $260 million in cash, expanding the carrier’s reach and presence in the Northeast...
NXTcomm survey: Spending growth ahead
By: By Dan O'Shea
A survey of 678 telecom industry professionals conducted at NXTcomm in Chicago this week by Tellabs and Telephony magazine found that a whopping 96% of respondents believe that network infrastructure spending will increase during the second half of the year...
Motorola takes over Amedia IP gateways
By: By Ed Gubbins
Motorola is taking over production of some IP home gateway products it developed jointly with Amedia Networks...
Notebaert to retire
By: By Carol Wilson
Qwest Chairman and CEO Richard Notebaert took the industry by surprise this morning, announcing his retirement...
Cisco takes stake in Oversi
By: By Ed Gubbins
Cisco Systems has taken a stake in an Israeli equipment start-up focused on content delivery...
Infinera IPO yields $182 million
By: By Ed Gubbins
Infinera raised $182 million in the initial public offering of its stock, surpassing expectations...
Analysts: Nortel wise to walk away from Avaya
By: By Ed Gubbins
After reportedly entertaining acquisition offers from Nortel Networks, enterprise telephony equipment vendor Avaya today announced an $8.2-billion acquisition by private equity firms TPG Capital and Silver Lake Partners. Some analysts are saying Nortel was right to walk away...
Tellabs: No big acquisitions anytime soon
By: By Ed Gubbins
Tellabs is considering what to do with its considerable cash stores since it doesn’t see any large acquisitions in its near-term future...
Eyeing convergence, Ciena’s outlook improves
By: By Ed Gubbins
Raising its expectations for the year amid continued revenue growth, Ciena attributed its current success to the burgeoning—though so far not clearly understood—market for converged optical Ethernet networks. ...
Broadband subscriber base to double by 2011
By: By Ed Gubbins
The number of broadband subscribers worldwide will nearly double over the next five years to more than half a billion, according to research analysis firm In-Stat...
Windstream grows NC presence with CT buy
By: By Tim McElligott
Windstream will acquire CT Communications in the second half of this year for approximately $585 million, the companies said today. In the process, Windstream eliminates a growing competitor in a growing market...
Speculation swirls around Nortel, Avaya
By: By Ed Gubbins
Nortel Networks is among the companies in talks with Avaya about a possible acquisition, according to the Wall Street Journal...
Carrier Access exposes Mangrove’s roots
By: By Ed Gubbins
Equipment vendor Carrier Access revealed new details last week surrounding Mangrove Systems, the company it acquired for $8 million in March. Mangrove had slightly more than $3 million in total assets at the end of last year—less than half their value a year earlier...
Juniper CEO vows internal overhaul
By: By Ed Gubbins
Speaking to investors at the company’s annual shareholder meeting today, Juniper Networks chief executive officer Scott Kriens vowed to improve the router vendor’s efficiency and productivity...
Alcatel-Lucent warns of a first-quarter slip
By: By Ed Gubbins
Alcatel-Lucent today warned that its first-quarter results, to be reported in May, will be worse than expected...
Motorola ups ante in video race with Terayon
By: By Ed Gubbins
Motorola continued its IPTV arms race today by announcing an acquisition of Terayon Communications, a vendor of digital video processing equipment...
Adtran comes out of the rough
By: By Ed Gubbins
Adtran today reported a return to healthy spending among major U.S. carriers in the first quarter despite earlier predictions of a lingering pause in their purchasing...
Icahn blasts Motorola board in open letter
By: By Ed Gubbins
Billionaire investor Carl Icahn appealed to Motorola shareholders to elect him to the company’s board in a letter dated yesterday. In the letter, which will be mailed to shareholders along with proxy ballots allowing them to elect him for the board, Icahn pledged to apply his business expertise to improve Motorola’s management...
Nortel replaces CPO after a year
By: By Ed Gubbins
Nortel Networks is replacing its chief procurement officer a year and two months after appointing him, the company announced today...
Novel funding sources emerge
By: By Ed Gubbins
In a lackluster market for U.S. venture capital, telecom firms are increasingly turning to newer and more creative sources of funding...
Level 3 doubles CEO’s salary
By: By Ed Gubbins
Level 3 Communications doubled the salary of its chief executive officer, James Crowe, in February, following a highly acquisitive year for the company...
