Tag: Financial

Citing continued softness in its markets, Applied Micro Circuits Corporation (AMCC) announced another round of job cuts. At the beginning ...

Nokia Networks, the infrastructure arm of Nokia, will eliminate 1,800 staff positions as part of cost-cutting measures. Up to 1100 ...

Juniper Networks reported first quarter revenue of $157.2 million, compared with $122.2 million for the same period last year and ...

The ITXC Board of Directors rejected IDT's acquisition proposal saying the offer was not in shareholders' best interests. ITXC noted ...

IDT Corporation publicly announced a proposal to acquire ITXC Corp. in a stock-for-stock transaction that would provide a 15% premium ...

Ronald T. LeMay, Sprint's president and chief operating officer, has left the company. LeMay, who joined Sprint in 1985, has ...

Sonus Networks reported Q1 revenue of $16.0 million compared with $12.7 million in Q4 2002 and $21.2 million in Q1 ...

AT&T announced further management streamlining as part of its corporate restructuring following the spin-off of AT&T Broadband in November 2002 ...

News Corporation announced plans to acquire GM's 19.9% stake in Hughes Electronics and a further 14.1% of Hughes from public ...

Zarlink Semiconductor announced a write-off of its investment in privately-held Mitel Networks to a nil value. Zarlink said it believes ...

Broadcom announced a voluntary stock option exchange for its employees as means to retain and provide an incentive to key ...

Extreme Networks reported quarterly revenue of $85.2 million, compared to $90.2 million for the preceding quarter. Including deferred compensation totaling ...

P-Com has terminated its letter of intent to acquire Procera Networks, a start-up based in Sunnyvale, California that offers Layer ...