NAPERVILLE, Ill.-Tellabs Inc.'s second quarter net profits rose 30 percent year over year, from $41 million to $54 million.Revenues jumped 19 percent year over year, from $463 million to $549 million.The company said its broadband business contributed revenues of $298 million, a 20 percent...
NAPERVILLE, Ill.—Tellabs Inc.’s second quarter net profits rose 30 percent year over year, from $41 million to $54 million. Revenues jumped up 19 percent year over year, from $463 million to $549 million.The company said its broadband business contributed revenues of $298 million, a...
At last week's Globalcomm show in Chicago, telecom vendors paraded their technological wares, giving us a peek at their network roadmaps. The future, as the vendors see it, will be dominated by mobile TV, and this phenomenon is shining a bright light on Internet...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersRobert W. Baird raised its 2006 estimates on BellSouth Corp. from EPS of $1.90 to $2.20 on a change in accounting related to acquisition-related amortization...
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms. CarriersStandard & Poor's Ratings Services affirmed its A- corporate credit rating on Sprint Nextel Corp. and its subsidiaries, while all ratings for Nextel Partners...
BOULDER, Colo.-Broadband equipment provider Carrier Access Corp. said it signed a memorandum of understanding with Tellabs Inc. calling for the companies to develop an integrated solution to optimize wireless backhaul traffic.The solution will consist of Carrier Access' FLEXengine compression technology and Tellabs' 5500 digital...
Kristen BeckmanFollowing are ratings changes and other financial information for wireless companies announced this week by investment banking and financial firms.CIBC raised its estimates on Powerwave Technologies Inc. following the company's strong second-quarter report. CIBC said it expects revenues and earnings per share for...
LONDON-Cable & Wireless plc awarded a contract to Tellabs to deploy its AssuredEthernet solution as part of the carrier's Next Generation Network rollout."This product enables seamless migration to new Internet Protocol services, consolidating five separate technologies onto one platform," said Frank Mount, director of...
The following wireless companies had debt ratings changes by financial services firms this week.Standard & Poor's Ratings Services placed its ratings on four wireless tower companies on CreditWatch with positive implications. The companies are SpectraSite Inc., Crown Castle International Corp., AAT Communications Corp. and...
NAPERVILLE, Ill.-Tellabs Inc. said it will acquire broadband access company AFC for $1.9 billion in cash and stock.The deal was approved by both companies' board of directors, according to Tellabs.Under the terms of the deal, Tellabs stockholders will own approximately 75 percent of the...
CHICAGO-Tellabs Inc. posted its first quarterly profit in two years, raising its shares by 10 percent.The equipment supplier had a net profit of $13 million, or 3 cents per share, compared with a loss of $42.9 million, or 10 cents per share a year...
NAPERVILLE, Ill.-Telecommunications equipment company Tellabs Inc. has named Krish Prabhu president and chief executive officer, succeeding co-founder Michael Birck. Prabhu most recently served as partner at Morgenthaler Ventures, a Cleveland-based venture-capital firm that invests in communications and technology firms. He previously held various roles...
HIGH WYCOMBE, U.K.-Tellabs said it will outsource manufacturing of its international products and transfer ownership of its Espoo, Finland-based manufacturing operations to Elcoteq Network Corp. The company has notified certain employees they will become employees of Elcoteq following required approvals, expected by the end...
CHICAGO-Tellabs Inc. reported a third-quarter loss of $64.8 million, or 16 cents a share, better than a year ago when it posted a quarterly loss of $91.1 million, or 22 cents a share.The company said its sales fell 15 percent to $244.5 million from...
CHICAGO, Ill.-Tellabs Inc. said it plans to slash 665 more employees, including 490 in the Chicago area, as part of its cost-cutting strategy.The company also reported a loss of $43 million, or 10 cents a share on a $223 million revenue for the first...
CHICAGO, Ill.-Telecom equipment vendor Tellabs Inc. said it anticipates a third-quarter loss and will slash 800 jobs, or 14.5 percent of its staff. The layoffs are due to a slump in carrier orders, according to the company.The company, which also plans to shut down...
NAPERVILLE, Ill.-Tellabs announced several changes to its corporate management team that it said will strengthen relations with customers, speed product development and grow international business. The changes, effective August 5, include:Edward Kennedy will continue to serve as senior vice president of the metro networking...
NEW YORK-Wolf Haldenstein Adler Freeman & Herz LLP has filed a lawsuit against Tellabs Inc. as well as some of its officers and directors on behalf of purchasers of Tellabs stocks between December 11, 2000 and June 19, 2001.The complaint alleges Tellabs and some...
NAPERVILLE, Ill.—Telecom equipment maker Tellabs Inc. said it will cut 1,200 jobs as it announced first-quarter earnings of $5.3 million in contrast with $122.5 million a year ago, representing a 96-percent drop.The company, which said it would record a second-quarter restructuring charge, intends to...
NAPERVILLE, Illinois, United States—SingTel in Asia will use Tellabs' EC Duo 8000 echo canceller and voice-quality enhancement technology in its GSM network, Tellabs announced.The EC Duo 8000 eliminates echo, reduces background noise and helps maintain consistent speech levels.
NEW YORK—Tellabs is planning to cut 1,000 jobs and shut down two facilities in an effort to cut costs, the company announced 16 November.The company is planning to cut 800 U.S. employees and 200 overseas employees, bringing the total cuts in workforce Tellabs has...
Even the last bastion has been hit.The heat of the economic slowdown is choking contract electronics manufacturers that help the major original equipment manufacturers make their phones and infrastructure equipment.The scourge of high inventory levels with the OEMs and operators has infected the CEMs,...
H.O. SystemsH.O. Systems has chosen Scott Berry as vice president of professional services. His 12 years of industry experience includes executive positions at Alltel, Convergys and Cellular One. At H.O., Berry will be responsible for streamlining and growing business operations for the company. Of...
LISLE, Ill.- Despite first quarter news that was in line with Wall Street estimates, Tellabs Inc. said it will continue to "realign its cost structure" by reducing spending, cutting jobs, eliminating salary increases, cutting corporate officer pay, aligning its manufacturing with demand expectations and...
