Cisco Systems Inc's quarterly results topped Wall Street views on Wednesday amid early signs tech spending was on the mend, but CEO John Chambers warned the picture was mixed and parts of Europe remained challenging.
The company's shares were down 1.7 pct in after hours trading after Cisco (San Jose, USA) reported that revenue growth in Europe - which accounts for a quarter of its business - was down 5 percent. Revenue in the Americas was up 9 percent and was 8.3 percent higher in the Asia-Pacific region.
Google Inc and its Motorola Mobility unit struck back on Wednesday against BT Group Plc, filing patent lawsuits against the British telecommunications group more than a year after BT launched its own lawsuit against Google.
BT (London, UK), Britain's dominant fixed-line telecoms group, sued Google (Mountain View, USA) in 2011 over six patents related to mobile technology. But in a lawsuit filed on Wednesday in a California federal court, Google asserted four patents of its own.
The Internet Retailing Expo (IRX) is the UK’s largest trade event for online and multichannel retailers. It has 6 conferences, all free to attend, which cover Internet Retailing In-Store, Operations and Logistics, the Customer Journey, International and Cross-Border, Online Merchandising and Social-Local-Mobile.
Silicon Valley, CA:
Our executive forum gathered last year to discuss the advances in the connected car, and we revealed that the connected car will not be a one-radio solution. There is a drive for a 2G radio in all vehicles for telematics and safety, connectivity to cellphones to extend that personal experience, Wi-Fi as a link to homes and also smart road infrastructure, and for 4G as an option for media and entertainment and as a local hotspot.
Silicon Valley CA:
As the M2M wave rushes on, and the Internet of Things moves towards the vision of 50 billion devices by 2020, governments are incorporating this vision with their planning for smart cities. Smart Cities are places where sensors gather information, and that information is turned into knowledge, and that knowledge is used to improve the efficiency of the city. Costs are lowered, safety improved, conveniences rise.
Network equipment maker Netgear Inc forecast current-quarter revenue below analysts' estimates as telecom service providers cut spending, sending its shares down 7.5 percent after the bell.
The company forecast revenue of $290 million to $305 million for the first quarter. Analysts on average were looking for $317.6 million, according to Thomson Reuters I/B/E/S.
Oracle Corp will buy network equipment maker Acme Packet Inc for $2.1 billion, putting it in a better position to compete with Cisco Systems Inc (San Jose, USA) in moving data securely over internet networks.
Shares of Acme (Bedford, USA) were trading 7 cents above the offer price of $29.25 in early trading on Monday, suggesting that some investors anticipate a counter bid.
The deal is Oracle's (Redwood Shores, USA) biggest since it bought Sun Microsystems in 2010 for about $7 billion.
A sales recovery at Ericsson's key networks unit raised hopes on Thursday the world's top mobile telecom gear maker is beginning to shake off the global downturn.
Ericsson's (Stockholm, Sweden) biggest business, which builds mobile networks, showed fourth-quarter sales growth - the first rise in more than a year - helping the company as a whole to post year on year sales up 5 percent. Margins in the unit also rose from the previous quarter.
UK fixed-line incumbent BT reported a disappointing 6% fall in third-quarter sales, to £4.5 billion ($7.1 billion), as tough economic conditions, adverse regulation and dwindling revenues from line rentals and calls all took their toll.
Although pre-tax profit was 7% higher than a year earlier, at £675 million, the increase was partly attributed to “the reduced cost of sales due to the decline in revenue”, plus lower depreciation and amortisation charges as the company reins in capital expenditure.
First generation Carrier Ethernet already dominates WAN equipment revenue, and now Carrier Ethernet 2.0 is making it easier for Carriers to meet and exploit the demand that Carrier Ethernet has already fuelled
Ten years ago The Metro Ethernet Forum (MEF) was founded to develop and promote a new generation of Ethernet called Carrier Ethernet. Since then Carrier Ethernet has transformed WAN and enterprise connectivity as well as providing an infrastructure to fuel soaring user expectations for mobile applications.