LONDON-Marconi plc said it has added security enhancement to its network management software that ensures smooth communications between network devices in commercial and government networks. The company also said it is partnering with Metallic Power to provide zinc-based fuel cell back-up power sources."The new...
LONDON-Marconi plc continues to feel the pangs of a sliding market as it announced plans to lay off 500 workers, warning that future conditions do not look promising."A continuing deterioration in the market for telecommunications equipment and services translated into single-digit sales declines quarter...
TABY, Sweden-Allgon said it will supply microwave radio equipment to Marconi Communications GmbH for sale as standalone units or as part of a package to complement Marconi's fixed wireless communications solutions."The Allgon range of products, with its technical excellence and flexible design, perfectly complements...
NEW ORLEANS-Marconi's Wireless Business Unit and SnapTrack Inc., a unit of Qualcomm Inc., said they have agreed to cooperate on the development of an enhancement to Marconi's Planet EV network planning and optimization product family.The companies are cooperating to empower Planet EV with its...
NEW YORK-The Marconi Foundation announced Andrew Viterbi, who developed the interference suppression algorithm used for major digital standards, will be a panelist at its Nov. 8 conference, "WWW Redux: Trends, Obstacles, Potential."Viterbi will take part in a session on the global reach and future...
LONDON-Unconfirmed reports stated telecom equipment maker Marconi has sold its mobile unit to Italian state-controlled defense and engineering company Finmeccanica. Finmeccanica has approved US$594.5 million to acquire the struggling mobile division, according to the reports, although Marconi has not yet confirmed the sale."Those discussions...
LONDON-Unconfirmed reports stated telecom equipment maker Marconi plc has sold its mobile unit to Italian state-controlled defense and engineering company Finmeccanica SpA.Finmeccanica has approved $594.5 million to acquire the struggling mobile division, according to the reports, although Marconi has not yet confirmed the sale."Those...
DUBLIN, Ireland-BAE Systems and Marconi Mobile have been chosen as the preferred bidders for a major contract with the British armed forces for the provision of a secure wireless communications system.The contract is worth
LONDON-Hewlett-Packard Co. and Marconi Plc say they will work together to provide wireless and wireline products and services for the Latin American market."By combining the networking expertise of Marconi with the systems integration and operations support systems capabilities of HP, customers in Latin America...
LONDON-U.K. telecom player Marconi plc said on Friday that the company would be delisted from the Nasdaq on July 3. The company said its American Depositary Receipts will be delisted because Marconi could not meet the minimum bid price to trade on the U.S....
LONDON—U.K. vendor Marconi plc said it will not unveil a new business strategy because of its talks with banks and bondholders have entered a new phase."Tripartite discussions are now under way and have been constructive in nature," said the company, which has pruned staff...
PITTSBURGH, United States—Marconi said it will provide wireless access and a synchronous digital hierarchy (SDH) backbone to Brazilian mobile operator Tele Centro-Oeste Celular (TCO). Marconi will also provide all necessary enclosures, power systems and aerial towers under the US$10 million project.The deployment is under...
FRANKFURT, Germany—Ratings agency Moody's Investors Service has downgraded Marconi plc to Ca from B2 in its unsecured bond, while the company's senior implied rating dropped to Caa3 from B1."The rating action reflects Marconi's extremely weak liquidity profile, uncertainty regarding the company's funding horizon from...
LONDON—Equipment vendor Marconi posted a US$7.4 billion pre-tax loss in its first-half report, attributing the results to a flagging market and the uncertainties created by the 11 September attacks in the United States.The company has embarked on cost cutting, which included job cuts this...
LONDON-Marconi Corp. and Somera Communications announced a strategic partnership to deliver configuration of Marconi's power solution combined with Somera's OneSource services for rural carriers across the United States."Through our supply of equipment, asset recovery programs and OneSource configuration, integration and installation services, Somera will...
LONDON-European vendor Marconi said its third-quarter results met its projections with an operating profit of US$7.5 million.The company, which announced the resignation of its chief executive in the wake of dropping sales and shares, said it was able to reduce its debt.
LONDON—European vendor Marconi PLC said its third quarter results met it projections with an operating profit of $7.5 million.The company, which announced the resignation of its chief executive in the wake of dropping sales and shares, said it was able to reduce its debt.
LONDON—Moody's Investor Services has cut the ratings of European vendor Marconi plc to Ba1 from Baa2, the second ratings agency to relegate the firm to junk status.Standard & Poor's was the first."Moody's noted the increased pressure on operating profit with low visibility going forward,...
Standard and Poor's has downgraded U.K. telecom equipment maker Marconi to "BBB-" from "BBB+", just on the edge of junk bond status. The credit ratings agency said it could downgrade the company further if sales and profitability did not improve.Rental car company Hertz Corp....
LONDON—Standard and Poor's has downgraded U.K. telecom equipment maker Marconi to "BBB-" from "BBB+", just on the edge of junk bond status.The credit ratings agency said it could downgrade the company further if sales and profitability do not improve.
LONDON-Panting from a barrage of criticisms from its shareholders and calls for a boardroom overhaul, Marconi plc said it will go back to basics by cutting costs and concentrating on its core competencies."Our customers need to understand that we are not a risk going...
Two major equipment vendors, one in the United States and the other in Europe, continued to walk on clay feet last week.Motorola Inc. announced a second-quarter loss while Marconi plc's stock fell, triggering speculations of a takeover, lawsuits from investors and anger among unions.However,...
OTC WirelessOTC Wireless unveiled its AirEZY-Access Management Unit, a product designed to make managing LAN and MAN networks easier. "Our new AirEZY AMU allows for massive scalability coupled with many desired management capabilities," said Kim Gough director of sales and marketing for OTC Wireless....
Their words were cautious yet wise, and at times peppered with remorse, but as Cingular Wireless Chief Executive Officer Stephen Carter and Verizon Wireless President and CEO Dennis Strigl addressed attendees at the wireless keynote session at SuperComm last week in Atlanta, it became...
