Tuesday, January 31, 2012

JDSU Beats Guidance -- Revenue of $412.8 million

JDSU reported quarterly revenue of $412.8 million and net loss was $(10.2) million, or $(0.04) per share. This compares to net revenue of $420.8 million and net loss of $(5.8) million, or $(0.03) per share for the prior quarter, and net revenue of $473.5 million and net income of $23.6 million, or $0.10 per share for the same period a year earlier.

“Our fiscal second quarter financial results surpassed our expectations. The outstanding efforts of our team and our manufacturing partner in Thailand coupled with our continued focus on expense control resulted in revenue and operating income that exceeded our guidance. Our balance sheet remains strong and we generated over $45 million of cash from operations during the quarter,�? said Tom Waechter, JDSU’s President and Chief Executive Officer. “Looking ahead, we are pleased with the improving demand for our products, as evidenced by a book to bill of greater than one in each of our business segments, although we expect macro-economic conditions to cause margin pressure in the near-term.�?

Some notes:

Communications Test and Measurement revenue of $196.2 million increased by 5.9% compared to the prior quarter and decreased 15.2% compared to the second quarter of fiscal 2011. Revenue from this segment represented 47.5% of total net revenue.

Communications and Commercial Optical Products revenue of $163.2 million decreased 9.5% compared to the prior quarter and decreased 14.6% compared to the second quarter of fiscal 2011. Revenue from this segment represented 39.5% of total net revenue.

Advanced Optical Technologies revenue of $53.7 million decreased 3.4% compared to the prior quarter and decreased 1.8% compared to the second quarter of fiscal 2011. Revenue from this segment represented 13.0% of total net revenue.

Americas’ customers represented 51% of total net revenue for the quarter. EMEA and Asia-Pacific customers represented 24% and 25%, respectively, of total net revenue.

eircom Seeks Investors or Buyer

The board of directors of eircom has retained Morgan Stanley & Co International to seek a buyer or new investors in the company, Discussions are also underway with bondholders regarding options for the balance sheet remediation process.http://pressroom.eircom.net/
  • In December 2011, a proposal from Singapore's ST Telemedia (STT) for investment in eircom was rejected by a majority of the First Lien lenders in eircom.

Facebook Connects 483 million Users per Day -- 48% YoY Growth

In an SEC filing for its expected IPO, Facebook disclosed key facts about operations. Some site metrics:

Worldwide Monthly Active Users (MAUs) reached 845 million, up 39% from a year earlier.

In the U.S., MAUs reached 161 million, up 16% over a year earlier. In India, Facebook had 46 million MAUs in December.

Worldwide Daily Active users (DAUs) increased 48% to 483 million during December 2011 from 327 million during December 2010.

DAUs as a percentage of MAUs increased from 54% in 2010 to 57% in December 2011.

Mobile MAUs reached 425 million during December 2011. The Facebook app for the iPad launched in October 2011.

In April 2011, Facebook began serving traffic out of its first wholly-owned data center in Pineville, Oregon. The company is investing in new data centers in the U.S. and in Europe.

There were more than 100 billion friend connections on Facebook as of December 31, 2011.

On average more than 250 million photos per day were uploaded to Facebook in the three months ended December 31, 2011.

Users generated an average of 2.7 billion Likes and Comments per day during the three months ended December 31, 2011.

Cisco Boosts 40/100 Gigabit Ethernet Capabilities

Cisco introduced a 40 Gigabit Ethernet Interface Module for its Catalyst 6500 Series and 40/100 Gigabit Ethernet capabilities for its Nexus 7000 data center switch. To expand its campus aggregation and data center top of rack switching, Cisco also announced two new fixed-configuration platforms that provide high-density 10 GE switching.

The enhancements include two new M2-Series modules for the Nexus 7000: a 2-port, 100 GbE Module with XL Option, which enables up to 32 high-density, non-blocking 100 GE ports in a Nexus 7000 chassis; and a 6-port 40 GbE Module with XL Option that enables up to 96 non-blocking 40 GE ports per Nexus 7000 chassis. A new Nexus 3064-X Switch is offers ultra-low-latency Ethernet specifically targeted at financial services companies. Cisco Nexus 1010-X Virtual Services Appliance offers a dedicated hardware platform for scalable deployment of services critical to virtualization infrastructure.

Cisco also introduced a "Easy Virtual Network" tool for its Catalyst 6500, 4500 and Aggregation Services Router (ASR) 1000 product lines to make it easier to manage virtual services. It simplifies the creation of separate logical networks on a single physical infrastructure.

Broadcom Posts Q4 Revenue of $1.82 Billion, Down 7% Sequentially

Broadcom reported Q4 revenue above guidance of $1.82 billion. a decrease of 7.0% compared with the $1.96 billion reported for the third quarter of 2011 and a decrease of 6.4% compared with the $1.95 billion reported for the fourth quarter of 2010. Net income (GAAP) for the fourth quarter of 2011 was $254 million, or $.45 per share (diluted), compared with GAAP net income of $270 million, or $.48 per share (diluted), for the third quarter of 2011 and GAAP net income of $266 million, or $.47 per share (diluted), for the fourth quarter of 2010.

"Broadcom delivered solid results in 2011, as we gained significant market share, secured record design wins across our businesses, and delivered record revenue and cash flow from operations," said Scott McGregor, Broadcom's President and Chief Executive Officer. "Looking forward, we will remain focused on product innovation and engineering execution that position us to grow faster than the industry."http://www.broadcom.com

Belgacom Offers Alcatel-Lucent’s Application Assurance

Belgacom has begun offering a new tool to enterprises that provides visibility into which applications are using up the most resources on enterprise networks at any given time as well as how these applications are performing.

The new capability is based on Alcatel-Lucent's "Application Assurance" solution, which is offered on top of the 7750 Service Router (SR) and 7450 Ethernet Service Switch (ESS). The solution is based on the Multiservice Integrated Service Adapter (MS-ISA) - which extends the intelligence of the 7750 SR and 7450 ESS - in combination with the 5670 Reporting and Analysis Manager (RAM), which provides extensive tools and capabilities to analyze and process detailed, application-level statistics per-subscriber.

Tom Wuyts, director WAN, Internet & Security (Enterprise Business Unit) at Belgacom said: “With the Alcatel-Lucent Application Assurance solution, our enterprise customers will have clear insight into how much bandwidth various applications are using – this is a key element of our 'Smart Networking' initiative, which is geared toward bringing greater intelligence to our networks for the benefit of our customers. On the whole, enterprises are very concerned about the performance of applications they access from the cloud – this new solution will help eliminate those concerns, and put enterprises in a better position to take advantage of the cost and flexibility benefits that the cloud has to offer. As importantly, our customers can take advantage of the service quickly and cost effectively, because there is no need for on-site equipment.�?http://www.alcatel-lucent.com

Verizon Wireless and Comcast Launch Joint Marketing

Verizon Wireless and Comcast have been offering each other's services in the San Francisco Bay area. New customers who sign up for both a qualifying Xfinity offering and a Verizon Wireless smartphone or tablet plan will be eligible to receive a Visa prepaid card valued up to $300. Similar programs have been launched in Portland and Seattle.
  • Verizon Wireless announced a deal to acquire 122 Advanced Wireless Services spectrum licenses from SpectrumCo, a joint venture between Comcast Corporation, Time Warner Cable, and Bright House Networks, for $3.6 billion. The transfer of licenses will require approval from the FCC and review from the Department of Justice. The companies also announced several agreements to resell each others' services. The cable companies will have the option of selling Verizon Wireless' service on a wholesale basis. Furthermore, the companies will form an innovation technology joint venture to develop technology that better integrates wireline and wireless products and services.

Qualcomm Posts Record Quarter, up 14% Sequentially

Qualcomm reported record quarterly revenue of $4.68 billion, up 40 percent year-over-year and 14 percent sequentially. Net income was $1.40 billion, up 20 percent y-o-y and 33 percent sequentially. Diluted earnings per share were $0.81, up 14 percent y-o-y and 31 percent sequentially.

"I am pleased to report another record quarter with revenues, earnings and MSM shipments reaching all-time highs, driven by our industry-leading chipset portfolio and the continued strong demand for smartphones around the world," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "We are raising our revenue and earnings guidance as our broad licensing partnerships and extensive chipset roadmap, led by our integrated Snapdragon processors, position us well for strong growth in fiscal 2012. We continue to invest in innovative wireless technologies, products and services, and we are excited about the opportunities ahead as 3G and 4G continue to expand across new device types and geographies."

The y-o-y comparisons include the results of Qualcomm Atheros, which was acquired on May 24, 2011. Gains from Qualcomm's sale of substantially all of its 700 MHz spectrum for $1.9 billion will be reported in the next quarterly report.

Some notes:

MSM shipments reached 156 million units, up 32 percent y-o-y and 23 percent sequentially.

September quarter total reported device sales reached approximately $41.4 billion, up 22 percent y-o-y and 6 percent sequentially.

September quarter estimated 3G/4G device shipments were approximately 191 to 195 million units, at an estimated average selling price of approximately $212 to $218 per unit.

Qualcomm is currently holding approximately $22.0 billion in cash equivalents and marketable securities. Of this, approximately $15.9 billion is overseas.

Aviat Networks Posts Revenue of $105 Million

Aviat Networks reported quarterly revenue within its previous guidance -- $105.0 million, compared with $115.3 million in the year-ago quarter. Revenue and results of operations from WiMAX are classified as discontinued operations for all periods presented. The company reported a net loss, including discontinued operations, of $(12.8) million or $(0.22) per share, compared with a net loss of $(12.5) million or $(0.21) per share in the year-ago quarter. Loss from continuing operations was $(10.0) million or $(0.17) per share compared with the loss from continuing operations of $(10.0) million or $(0.17) per share in the year-ago quarter.

"We are pleased with another solid quarter across the board," said Michael Pangia, president and CEO, Aviat Networks. "Our global team executed as planned and we overcame the challenges in Thailand from the recent flooding. Given the progress and momentum we have made in meeting our commitments in the first half of our fiscal year 2012, we are confident that we are on track to meet our key objectives during the remainder of this year."http://www.aviatnetworks.com