Friday, March 7, 2014

Verizon Posts Dividend and Confirms Share Buy Back Program

Verizon Communications announced a quarterly dividend of 53 cents per outstanding share, unchanged from the previous quarter.

In addition, the company's Board authorized the corporation to repurchase up to 100 million shares of its common stock. Under the previous program, which terminated on Feb. 28, 2014, Verizon purchased 3.5 million shares. The new program – which is for the same number of shares and the same three-year duration as the recently expired authorization – will terminate when the aggregate number of shares reaches 100 million or at the close of business on Feb. 28, 2017, whichever is sooner.

Mexico' Grupo Pochteca Picks Cisco Unified Computing System

Cisco announced customer for its Unified Computing System - Grupo Pochteca, one of the largest distributors of industrial raw materials in Mexico and part of Latin America.

Grupo Pochteca's newest data center will use Cisco Unified Computing System (UCS) servers , NetApp storage (FAS3220 HA systems) within the FlexPod architecture, and Cisco Networking and Security Appliance for a private cloud.

FlexPod is a converged computing, networking and storage solution developed by Cisco and NetApp. FlexPod components include Cisco UCS servers, NetApp unified storage systems, and Cisco Nexus networking fabric.

Cisco said Pochteca is achieving time and cost savings through snapshot technology for backups, quick server (physical and virtual) provisioning through UCS service profiles and NetApp’s FAS3220 Storage Platforms, and virtualization.

Global 700M Alliance Proposed

A new Global 700M Industry Alliance has been proposed to push for worldwide adoption of LTE in the 700MHz band along with a deepening of the supply chain of vendors supporting this spectrum.

The Alliance was proposed at the first Asia Pacific Telecommunity 700 (APT700) Seminar held on the eve of Mobile World Congress 2014 in Barcelona.  During the meeting Chris Quin, CEO of Telecom Retail at Telecom New Zealand, was named Chairman.