NEW YORK, April 27 (Reuters) – Tellabs Inc’s <TLAB.O>
results and sales outlook beat expectations as phone companies
bought more network equipment to handle increasing wireless
Internet traffic, sending the stock up more than 10 percent.
Chief Executive Rob Pullen said phone companies were
spending more on their wireless networks, although they were
keeping overall budgets for 2010 unchanged by cutting back on
wireline upgrades. That reflects the popularity of smartphones
and vindicates Tellabs’ focus on wireless networks, he said.
NEW YORK (Reuters) – AT&T Inc’s <T.N earnings beat expectations on the back of strong iPhone sales, but questions over how much longer it would remain the exclusive U.S. carrier for Apple Inc <AAPL.O> dampened investor enthusiasm.
AT&T activated 2.7 million iPhones in the first quarter, with one third of those for customers new to the carrier. It added 1.9 million wireless subscribers overall, bringing its total to 87 million.
NEW YORK (Reuters) – Juniper Networks Inc’s <JNPR.N> outlook disappointed investors expecting a stronger confirmation of a tech recovery and its shares dropped 7.5 percent after-hours on Tuesday despite strong quarterly results.
Juniper, which competes with network equipment leader Cisco Systems Inc <CSCO.O> in selling routers and switches that help direct Internet traffic, forecast second-quarter revenue of $950 million, plus or minus $20 million, compared with an average Street forecast of $945 million.
NEW YORK (Reuters) – IBM <IBM.N> nudged up its full-year outlook and reported stronger-than-expected quarterly results, as companies increased spending on software and IT consulting, adding to hopes of a sustained recovery for the technology sector.
Shares of International Business Machines Corp, however, fell 2 percent in after-hours trade, with some analysts pointing to profit taking after recent gains, while others said the company’s gross margin was slightly below expectations.
NEW YORK (Reuters) – Cisco Systems Inc <CSCO.O> is poised to step up investment and acquisitions in China regardless of trade frictions between Beijing and Washington, aiming to secure its place in a tricky but pivotal market.
Already the world’s largest Internet and mobile phone market, China is likely to become even more crucial to the network equipment maker’s growth as the country’s burgeoning middle class gains access to new technology.
NEW YORK/BRUSSELS (Reuters) – Cisco Systems Inc claimed two major victories on Monday to secure its position as the world’s top videoconferencing provider: a big sales contract for its high-end video system and regulatory approvals for its acquisition of Norway’s Tandberg.
Cisco <CSCO.O> said it won a multi-year deal to supply TelePresence systems to Bank of America <BAC.N>, reflecting the growing popularity of advanced, video communications systems.
NEW YORK, March 25 (Reuters) – Technology outsourcing and
consulting company Accenture Plc <ACN.N> reported a fall in
quarterly earnings on Thursday and lowered its outlook for the
year, citing a stronger dollar.
Accenture, which has been struggling over the past year to
recapture corporate spending, said it now expects full-year
earnings of $2.61 to $2.69 per share, down 6 cents from its
December outlook of $2.67 to $2.75 a share, due to exchange
NEW YORK (Reuters) – Private equity firm Apax Partners <APAX.UL> is no longer in talks to buy U.S. videoconferencing company Polycom Inc <PLCM.O>, a source with knowledge of the matter told Reuters on Tuesday.
Shares of Polycom fell nearly 7 percent on the news, erasing gains made last week, when the Financial Times reported that Apax had been in talks since November to take Polycom private for more than $3 billion.
NEW YORK (Reuters) – Super-fast Internet for every American may sound like a pipe dream, but if the U.S. National Broadband Plan is even partially successful, it will mean billions of dollars of new sales for network equipment makers such as Cisco and Motorola.
The Federal Communications Commission wants to speed up Internet connections by about 25 times for 100 million homes by 2020, which would require service providers from AT&T Inc <T.N> to Qwest Communications International Inc <Q.N> to make huge investments, such as on building fiber lines directly to homes.
NEW YORK, Feb 23 (Reuters) – Juniper Networks Inc’s <JNPR.N> CEO expects telecommunications carriers to step up capital spending in 2010 as new Web-surfing wireless devices force them to upgrade networks neglected during the downturn.
Kevin Johnson said an analyst’s forecast of 12 percent to 15 percent growth in global spending by telecoms service providers was consistent with what the company has heard from customers.