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.
NEW YORK, Feb 11 (Reuters) – Motorola Inc <MOT.N> said it
aims to split into two companies in the first quarter of 2011,
one to focus on cellphones and television set-top boxes, and
the other on enterprise networking.
Motorola said on Thursday that splitting into two
independent and publicly traded companies would help improve
its position in the different markets.
NEW YORK, Feb 8 (Reuters) – Juniper Networks Inc <JNPR.N>
will begin selling new wireless products for mobile carriers,
responding to bigger rival Cisco Systems Inc’s <CSCO.O> recent
acquisition of a wireless technology firm.
Juniper said on Monday its new software includes Juniper
Traffic Direct which, used together with its MX 3D routers, can
help mobile carriers reduce network congestion and
NEW YORK (Reuters) – Cisco Systems Inc’s quarterly results and outlook exceeded Wall Street expectations as more customers upgraded their networks to handle growing Internet traffic, leading CEO John Chambers to declare a very strong recovery.
Shares in the leading network equipment maker rose 4 percent as the company forecast revenue growth of 23 percent to 26 percent in the current quarter, far exceeding the average analyst forecast for a rise of 16.5 percent.
NEW YORK (Reuters) – Cisco Systems Inc’s results and outlook soared past expectations and Chief Executive John Chambers said business has improved dramatically in nearly all areas.
The leading maker of network equipment, whose shares rose 4 percent, expects to hire 2,000 to 3,000 people in the next several quarters, Chambers said in another sign of his confidence in the economic recovery.
NEW YORK (Reuters) – Lexmark International Inc <LXK.N> reported a higher-than-expected rise in quarterly profit, helped by cost-cuts and improving demand for printers and ink, lifting the shares over 11 percent.
Lexmark, which competes with Hewlett-Packard Co <HPQ.N>, Canon Inc <7751.T> and Samsung Electronics Co Ltd <005930.KS>, said customers began spending more in the fourth quarter.
NEW YORK (Reuters) – Cisco Systems Inc <CSCO.O> is expected to post its first quarterly revenue growth in more than a year when it reports results, as customers more confident about the economy upgrade their networks.
While stronger-than-expected results could provide a jolt to the stock, which has languished for the past three months, investors will also focus on longer-term issues like new rivals Hewlett-Packard Co <HPQ.N>, International Business Machines Corp <IBM.N> and China’s Huawei Technologies Co <HWT.UL>.
NEW YORK, Jan 28 (Reuters) – Network equipment maker
Juniper Networks <JNPR.N> reported surprisingly strong
quarterly results, as customers like AT&T Inc <T.N> boosted
infrastructure spending after a year of budget cuts.
Juniper also forecast further improvement throughout 2010
and gave an outlook for the current quarter that was on the
stronger side of analysts’ forecasts.