The US Department of Agriculture (USDA) has announced plans to provide loan guarantees to rural electric cooperatives and utilities in 12 states, aimed at helping the organizations to improve their generation and transmission facilities and introduce smart-grid technologies.
Investment firm Paulson & Co has indicated that it may join forces with P. Schoenfeld Asset Management (PSAM) in opposing the merger between T-Mobile USA and MetroPCS – the fourth- and fifth-biggest operators in the US – that was proposed in October last year.
Paulson & Co (New York, USA) is the largest MetroPCS (Richardson, USA) shareholder, with about 8.7% of the company, and its suggestion that it may vote against the merger signals growing disquiet with the terms of the transaction.
Virtual networking company Embrane has won hosting company Peer1 as a customer for its Heleos product, beating out larger vendors such as Cisco Systems Inc and Juniper Networks Inc.
Embrane (Santa Clara, USA) is one of a number of startups in an emerging and rapidly growing technology segment that has become known as software-defined networking (SDN).
SDN products allow businesses to reduce the amount of networking gear in data centers by replacing much of their functionality with software that is centralized in one or more servers.
Cisco Systems Inc's quarterly results topped Wall Street views on Wednesday amid early signs tech spending was on the mend, but CEO John Chambers warned the picture was mixed and parts of Europe remained challenging.
The company's shares were down 1.7 pct in after hours trading after Cisco (San Jose, USA) reported that revenue growth in Europe - which accounts for a quarter of its business - was down 5 percent. Revenue in the Americas was up 9 percent and was 8.3 percent higher in the Asia-Pacific region.
Google Inc and its Motorola Mobility unit struck back on Wednesday against BT Group Plc, filing patent lawsuits against the British telecommunications group more than a year after BT launched its own lawsuit against Google.
BT (London, UK), Britain's dominant fixed-line telecoms group, sued Google (Mountain View, USA) in 2011 over six patents related to mobile technology. But in a lawsuit filed on Wednesday in a California federal court, Google asserted four patents of its own.
Silicon Valley, CA:
Our executive forum gathered last year to discuss the advances in the connected car, and we revealed that the connected car will not be a one-radio solution. There is a drive for a 2G radio in all vehicles for telematics and safety, connectivity to cellphones to extend that personal experience, Wi-Fi as a link to homes and also smart road infrastructure, and for 4G as an option for media and entertainment and as a local hotspot.
Silicon Valley CA:
As the M2M wave rushes on, and the Internet of Things moves towards the vision of 50 billion devices by 2020, governments are incorporating this vision with their planning for smart cities. Smart Cities are places where sensors gather information, and that information is turned into knowledge, and that knowledge is used to improve the efficiency of the city. Costs are lowered, safety improved, conveniences rise.
US mobile broadband operator Clearwire reported a narrower fourth-quarter loss of $187 million, compared with $237 million in the same period last year, but revenues slid 14%, to $311 million.
The company is currently the target of a $2.2 billion takeover attempt by Sprint (Overland Park, USA), which already owns 50% of the company, but has also attracted the interest of satellite operator Dish Networks (Meridian, USA), which has proposed to buy it at a higher price.
MetroPCS shareholder P. Schoenfeld Asset Management has lashed out at the proposed merger between MetroPCS and T-Mobile USA and said it will vote against the deal unless substantial changes are made to the terms.
The hedge fund believes the combined entity would have unsustainable debts, a credit rating substantially below investment grade and have to pay a punitive rate of interest on financing provided by Deutsche Telekom (Bonn, Germany).
The Metro Ethernet Forum (MEF) celebrated the fortieth anniversary of Ethernet last month ahead of its quarterly meeting in San Diego. Ethernet’s father, Bob Metcalfe, presided as Metro Ethernet Forum President Nan Chen announced certification of 20 companies whose products passed rigorous testing for Carrier Ethernet (CE) 2.0.