Network gear maker Juniper Networks Inc, which is under pressure from investor Elliott Management Corp to slim down, said it plans to reduce its global workforce by 6 percent and focus on its high-growth businesses.
Juniper (Sunnyvale, CA, USA) said most of the cuts would impact middle management positions and that it expected to incur cash charges of about $35 million in the first quarter, related to severance and other expenses.
The company had 9,483 full-time employees as of December 31.
Cisco Systems Inc plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world's biggest online retailer Amazon.com Inc, the Wall Street Journal reported.
Cisco (San Jose, CA, USA) said it will spend the amount to build data centers to help run the new service called Cisco Cloud Services, the Journal reported.
Cisco, which mainly deals in networking hardware, wants to take advantage of companies' desire to rent computing services rather than buying and maintaining their own machines.
Westbase Technology is to begin distributing Vodafone’s MachineLink 3G router, which has been designed for use across a number of vertical markets globally.
In a statement the company said the router would provide M2M connectivity in areas covered by 2G and 3G cellular networks, and could be “mass deployed” to connect remote assets, premises, equipment and vehicles using Vodafone’s (Newbury, UK) network or infrastructure available from Vodafone partners.
Kore Telematics and B&B Electronics have unveiled a new M2M service that is aimed at allowing customers to develop fully connected industrial M2M applications more quickly and conveniently.
The networking player and MVNO have taken the wraps off an M2M-enabled cellular router that comes prepackaged with GSM or CDMA data connectivity options.
Branded Spectre, the router is being made available through a three-month promotional data plan from Kore (Alpharetta, GA, USA) and targeted at companies looking for industrial M2M monitoring and control applications.
US internet-technology giant Cisco has taken the wraps of a new platform aimed at helping companies to better manage the data being generated by so-called Internet of Things (IoT) applications.
Branded IOx, the platform allows applications to run directly at the edge of the network, says Cisco (San Jose, CA, USA), and will allow companies across a variety of sectors to develop, manage and run software applications directly on Cisco devices, including its routers and switches as well as IP video cameras.
Industrial giant GE has launched a new platform of industrial wireless routers aimed at helping oil and gas and mining companies to expand their communications infrastructure using a variety of technologies.
The company describes its MDS Orbit Platform as a next-generation wireless solution integrating cellular, licensed and unlicensed networks in a single device.
Cisco Systems Inc and Huawei Technologies Co, two of the world's largest communications equipment makers, have been slugging it out for a decade now - in court, in emerging markets, in the lobbies of government and even on blogs.
The past year suggests they've ground to an expensive stalemate, raising questions about their futures on each other's lucrative home turf.
Earlier this month Cisco (San Jose, CA, USA) CEO John Chambers admitted in an earnings call that political dynamics were stymieing his company's long march into Huawei's backyard.
Network equipment maker Juniper Networks says Barclays executive Shaygan Kheradpir will take over from Kevin Johnson as chief executive at the start of 2014.
Johnson had announced plans to retire in July, having led the company since 2008, when he joined from software giant Microsoft (Seattle, WA, USA).
Kheradpir is currently chief operations and technology officer at financial services provider Barclays (London, UK), and before that he worked as executive vice president and chief information and technology officer at Verizon Communications (New York City, NY, USA).
Network equipment maker Juniper Networks has flagged a nearly six-fold increase in profits for the three months ending September on signs of improving demand for its products.
The company – which competes against Cisco in the market for internet routers and switches – said net income for its third quarter rose to $99.1 million, from just $16.8 million in the same period last year, with revenues up by 6%, to $1.19 billion.
Hardware giant Cisco has taken the wraps off a new network processor designed to power so-called “Internet of Everything” applications.
The company said the new nPower X1 would deliver new levels of performance and bandwidth, besides programmable control through open APIs.
Cisco (San Jose, CA, USA) also claims the nPower X1 is the first processor capable of scaling to “multi-terabit performance levels” while also handling trillions of transactions.