A U.S. judge and a Canadian judge agreed on Friday to a joint, simultaneous trial to decide how to divide $9 billion from the liquidation of Nortel Networks, overruling objections that the unusual arrangement would lead to "chaos."
Kevin Gross, a U.S. Bankruptcy Court judge in Wilmington, Delaware, told the parties on a conference call held jointly with a Canadian judge that the litigants should prepare for a trial late this year.
Driven by increased consumer expectations for mobile broadband, solving operator problems by adding small cells to more traditional network topographies in outdoor environments was a recurring theme at this year’s Mobile World Congress. A roundup of some of the backhaul news from the shows follows.
As spring approaches in the Rocky Mountains, the Cable and Telecommunications industry is preparing for the premiere, annual networking event, formerly known as SkiTAM. This year, the event will take place Thursday, April 4 through Sunday, April 7 in Vail, Colorado.
Huawei’s strategic partnership with SAP has received a boost from the launch of a new rack server that comes with HANA certification.
SAP (Walldorf, Germany) describes HANA as an in-memory computing platform that lets enterprise customers “dramatically accelerate analytics, business processes and predictive analysis”.
Speaking at a press conference during this week’s CeBIT show in Hannover, where the product was unveiled, SAP senior vice president Alex Atzberger said that Huawei (Shenzhen, China) was “the first Chinese hardware partner to be HANA-certified”.
Telecom network equipment maker DragonWave Inc said revenue for the fourth quarter would miss its forecast, citing lower sales in the microwave technology business it bought from Nokia Siemens Networks last year.
DragonWave (Ottawa, Canada) shares slid 25 percent to a three-month low of C$1.81 on the Toronto Stock Exchange on Monday.
Ottawa-based DragonWave also said it will cut costs further but did not specify what the measures were. Chief Financial Officer Russell Frederick said he could not provide more information on cost cutting.
Security software maker Palo Alto Networks reported second-quarter revenue and earnings per share that beat expectations amid strong demand for products that offer protection from cyberattacks.
Revenue in its second quarter, that ended January 31, rose 70 percent to $96.5 million compared with a year earlier, the company said on Thursday.
Non-GAAP earnings were $3.9 million, or 5 cents a share.
Analysts had expected revenue of $93.3 million and earnings per share of 4 cents, according to Thomson Reuters I/B/E/S.
Small cell radio equipment that boosts network coverage is providing big opportunities for telecom operators as they face growing demand for smartphone Internet access in busy streets, shopping centers and stadiums.
The devices - small radio nodes which provide network coverage over a range of between 10 and 200 meters - have been used by businesses and consumers to provide a signal in areas of poor coverage for years.
Networks, whether superfast mobile broadband, wifi or a combination of both, are helping add pizzazz to new mobile products as the rapid evolution in smartphone and tablet design slows to a trickle.
The world's fastest smartphone, new "phablets" - sized between a phone and tablet - and small tablets optimized to watch video and run multiple applications on 4G mobile networks were making the biggest splash at the Mobile World Congress in Barcelona.
Networks are also enabling millions of other devices, from coffee makers to bicycles and cars to homes, to become "smart".
Juniper Networks Inc is reviewing its enterprise-focused networking business after talks fell through late last year to sell assets, including security unit NetScreen Technologies, several sources close to the matter told Reuters.
Nokia-Siemens Networks is mounting an expansion drive in North America where the world's third-largest telecom equipment maker believes a spate of deal-making among mobile carriers will play out in its favor.
Chief Executive Rajeev Suri said deals by Japan's Softbank (Tokyo, Japan) to buy 70 percent of Sprint Nextel Corp (Overland Park, USA) for $20 billion, and Deutsche Telekom's (Bonn, Germany) purchase of MetroPCS (Richardson, USA) was an opportunity for NSN to grab new U.S. business.