Cisco’s service provider VP quits
By: By Ed Gubbins
The head of Cisco Systems’ service provider group announced his resignation today, effective immediately...
Nortel to cut 2900 jobs in two years
By: By Ed Gubbins
Nortel Networks will reduce its workforce by 2900 people (or roughly 8%) by the end of 2008 as part of a restructuring effort announced last year, the company announced today...
NTCA urges self-reliance through regional and national networks
By: By Tim McElligott
ORLANDO--With recent merger and acquisition activity among national carriers limiting rural providers’ choice of access and purchasing power and threatening their very future, the National Telecommunications Cooperative Association urged members to consider or reconsider cooperating on the construction of regional and national networks...
Nortel CFO steps down
By: By Ed Gubbins
After a two-year run, Peter Currie will resign his post as chief financial officer of Nortel Networks, the company said today...
Mega-carriers wield 800-pound purses
By: By Ed Gubbins
The AT&T/BellSouth merger wreaked havoc on equipment vendors late last year, as both carriers curbed spending. But the tension didn't subside when the...
Occam sees 75% annual revenue growth
By: By Ed Gubbins
Occam Networks reported 75% revenue growth in 2006, with $68.6 million in annual revenue. And its net loss shrank nearly 80% last year to $1.9 million...
Digium steals two Adtran execs
By: By Ed Gubbins
A pair of Adtran executives has left the company to lead Digium, an eight-year-old maker of open-source enterprise telephony platforms based in the same town...
Ciena execs wooed by recruiters
By: By Ed Gubbins
Ciena is ratcheting up its compensation packages in an effort to retain key executives as the company’s return to profitability has led to outside offers for its top talent...
Extreme gets a makeover
By: By Ed Gubbins
Extreme Networks’ new chief executive officer Mark Canepa has reorganized the equipment vendor’s corporate structure and business focus as part of an effort to improve the company’s overall effectiveness after a difficult year...
Adtran anxiously awaits AT&T’s next moves
By: By Ed Gubbins
Adtran joined Tellabs today in predicting that conditions which led to revenue shortfalls in last year’s fourth quarter will continue in this year’s first quarter...
Tellabs’ fourth-quarter woes may continue
By: By Ed Gubbins
Calling the fourth quarter of 2006 a “tough” one for the company, Tellabs said the first quarter may be no easier....
Alcatel-Lucent issues Q4 warning
By: By Dan O'Shea
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...
Details emerge in Motorola’s Tut merger
By: By Ed Gubbins
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...
Arris, Tandberg to unite against Cisco, Motorola
By: By Ed Gubbins
By offering to acquire Tandberg TV this week, Arris will challenge Cisco Systems and Motorola for the residential video and triple-play equipment market...
Verizon spins off local lines in three states
By: By Carol Wilson
Verizon announced this morning it is spinning off its local lines in Maine, New Hampshire and Vermont to its shareholders and will merge that spin-off into FairPoint Communications, a North Carolina-based conglomerate of rural local exchange carriers...
Embarq, AT&T: Access line loss stabilizing
By: By Carol Wilson
Two major telephone companies are once again saying that access line loss is slowing. The same comments were made in November when third quarter results were announced, but many industry analysts were skeptical, given the sharp rise in cable VoIP and service bundle choices...
Ciena quietly partners with Anda Networks
By: By Ed Gubbins
Ciena has partnered with Anda Networks to offer the latter’s Ethernet access and aggregation technology with its own products, according to sources familiar with the two equipment vendors....
Fired Nortel CEO finds work
By: By Ed Gubbins
Frank Dunn, the former chief executive officer of Nortel Networks who was fired amid a financial scandal, is now employed by Ontario consultancy QCL Growth Partners...
Tellabs joins fourth-quarter warning trend
By: By Ed Gubbins
Tellabs has become at least the fifth telecom equipment vendor to warn of lower-than-expected fourth-quarter financial results....
Carrier Access warns of fourth-quarter revenue drop
By: By Ed Gubbins
Carrier Access today warned of “softness” in its fourth-quarter financial results as the company works to broaden and diversify its customer base...
Ciena, Time Warner Telecom CEOs cash in
By: By Ed Gubbins
Rising stock prices in December gave some telecom executives the opportunity to get their hands on some extra cash heading into the holidays...
Adtran lowers 2006 expectations a third time
By: By Ed Gubbins
Adtran lowered revenue expectations for the third time this year late Thursday. Adtran now expects to report fourth-quarter revenue between $108 million and $112 million, roughly 14% less than its previous expectation of $125 million to $130 million. ...
Stock option problems cost Juniper $900M
By: By Ed Gubbins
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....
Ericsson, Redback CEOs exchange vows
By: By Ed Gubbins
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...
Verizon names Strigl new prez, COO
By: By Dan O'Shea
Verizon Communications has announced several management moves in the wake of last week’s announcement by vice chairman Larry Babbio that he will retire at the end of the first quarter of 2007...
