Equipment vendor Cisco Systems Inc (San Jose, Calif., U.S.A.) slashed its long-term forecasts, acknowledging that it will find it harder to drive growth even after cutting thousands of jobs in a sweeping reorganization.
The cut, while sharp, was largely in line with Wall Street expectations and investors pushed Cisco's shares 2% higher, relieved that the overhaul was bearing fruit by reducing costs and setting Cisco on a path for slower but more stable growth.
On Tuesday, the U.S. Commerce Department's National Institute of Standards and Technology (NIST) and the European Union's (EU) Smart Grid Coordination Group (SG-CG) jointly announced their intention to work together on smart grid standards development, emphasizing common goals and areas of focus.
The Telekom Austria Group (Vienna Austria), a telecom provider, on Tuesday announced that it has set up a new subsidiary in the M2M business field. The new company, the Telekom Austria Group M2M GmbH, acts as the competence and service center of the Telekom Austria Group, focusing solely on the development and marketing of M2M services, according to the company.
Last week, Sprint (Overland Park, Kan., U.S.A.) announced that the Proliphix IMT-550 Internet Managed Thermostat is now available with Sprint wireless network connectivity. This connected thermostat allows small- to medium-sized retail business owners to reduce energy expenses and remotely monitor their storefronts, according to the company.
In a recent study conducted by research consultancy Market Strategies International (Livonia, Mich., U.S.A.), consumers rated energy smart metering and health monitoring as the two most appealing M2M solutions in the marketplace,
Healthcare technology provider American Well (Boston, Mass., U.S.A.) and Numera (Seattle, Wash., U.S.A.), a telehealth provider, last week announced a collaboration to deliver health monitoring information directly into live online encounters between physicians and patients.
Chipmaker Broadcom Corp (Irvine, Calif., U.S.A.) plans to buy NetLogic Microsystems Inc (Santa Clara, Calif., U.S.A.) for about $3.7 billion to expand its lineup of chips used in wireless network equipment to take advantage of growing demand for mobile data services.
The $50-per-share deal, which represents a premium of 57% over NetLogic's Friday close of $31.91 on the Nasdaq, sent NetLogic's shares soaring 50% on Monday. But Broadcom shares were down 2.5% at $32.60 as some investors questioned the steep premium.
Verizon Communications (New York)
High-profile launches from players such as Amazon, Google and Apple are expected to galvanize the growing market for consumer cloud mobility services, generating revenues reaching almost $6.5 billion per annum by 2016, a new report from Juniper Research (Hampshire, England) has found.
AT&T Inc (Dallas, Texas, U.S.A.) and T-Mobile USA, who is owned by Deutsche Telekom AG (Bonn, Germany), fought back against the Justice Department's challenge to their proposed merger, arguing the deal would "usher in more intense competition."
AT&T and T-Mobile argued in a federal court filing on Friday that the massive $39 billion deal would free up spectrum and create new capacity for Americans whose mobile devices are transmitting increasingly large amounts of data.