Tag: Financial

FLAG Telecom completed the redemption of outstanding notes at a discounted rate, enabling the company to reduce its total outstanding ...

ADC named Gokul Hemmady as its new CFO. Hemmady joined ADC in 1997 as Assistant Treasurer and has served as ...

Avanex agreed to acquire certain assets of Vitesse Semiconductor's Optical Systems Division located in San Jose, California, for approximately 1.2 ...

The U.S. bankruptcy court overseeing Metromedia Fiber Network's (MFN's) Chapter 11 case has confirmed the company's plan of reorganization, clearing ...

CIENA reported quarterly revenue of $68.5 million for the period ending 31-July-03, an increase of 37% from the same period ...

CIENA agreed to acquire Akara Corporation, a start-up developing SAN over SONET/SDH solutions, for an aggregate consideration of $45 million ...

ADC reported quarterly sales of $189 million, compared to $192 million in the prior quarter and $235 million for the ...

Riverstone Networks named Oscar Rodriguez as its new president and CEO, replacing Romulus Pereira, who will continue to serve as ...

Level 3 Communications agreed to sell the Midwest Fiber Optic Network (MFON), a regional communications system it acquired through its ...

Marsha J. MacBride has resigned as Chief of Staff of the FCC. Michael Powell said MacBride has been his "most ...

Deutsche Telekom reported half-year revenues of EUR 27.2 billion, up by EUR 5.0 billion compared to last year. Net income ...

MCI recorded $2.075 billion in revenue in June 2003, versus $2.034 billion in May 2003. Operating income in June was ...

XO Communications reported Q2 revenue of $283.9 million, compared to $286.1 million reported for Q1 2003, and $325.5 million reported ...