Ericsson Secures US$625 Million Loan from Swedish Export Credit Corp.
Ericsson signed a long-term bilateral loan of USD$625 million with SEK (The Swedish Export Credit Corporation), partially backed by EKN ...
Tag: Financial
Sprint Nextel to Divest iDEN Assets in Parts of Midwestern States
Sprint Nextel is seeking a buyer for certain of its Integrated Digital Enhanced Network (iDEN) assets in parts of several ...
Paul Geason appointed Group Managing Director of Telstra Wholesale
Paul Geason has been appointed to Group Managing Director, Telstra Wholesale, effective from June 30. Mr Geason has been Executive ...
UTStarcom Cuts Jobs by 50%, Narrows Focus to China, India
UTStarcom announced a broad corporate restructuring under which it will reduce employment levels by 50% and focus its remaining resources ...
Ixia Announces Corporate Restructuring and Job Cuts
Ixia announced a company-wide restructuring initiative expected to produce annual cost savings of approximately $6 million. The restructuring plan includes ...
Marvell Settles Shareholder Class Action Lawsuit for $72 Million
Marvell Technology Group reached an agreement to resolve a shareholder class action lawsuit filed on August 16, 2007 against Marvell ...
TI Raises Q2 Financial Outlook
Texas Instruments raised and narrowed its expected ranges for revenue and earnings per share (EPS). The company now expects its ...
Ciena Reports Q2 Revenue of $144 Million, Impairment Charge of $455 Million
For its second fiscal quarter ended April 30, 2009, Ciena reported revenue of $144.2 million, compared to fiscal first quarter ...
2009 Mobile Asia Congress Scheduled for November in Hong Kong
The 2009 Mobile Asia Congress will be held 18-19 November 2009 at the Hong Kong Convention and Exhibition Centre. Under ...
Blue Coat Reports Revenue of $114 Million
Blue Coat Systems reported total net revenue for its fourth quarter of fiscal 2009 (ended 30-Apr-2009) of $114 million, an ...
Former Enron Broadband CFO Pleads Guilty
Kevin Howard, former chief financial officer and vice president of finance for Enron Broadband Services (EBS), Enron's failed telecommunications business, ...
EMC Proposes to Acquire Data Domain, Outbidding NetApp
EMC announced a bid to acquire all of the outstanding common stock of Data Domain, Inc. (NASDAQ: DDUP) for $30.00 ...
NetLogic to Acquire RMI for $175 Million
NetLogic Microsystems agreed to acquire RMI, a developer of multi-core, multi-threaded processors, in a deal valued at approximately $175 million. ...
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