Monday, January 20, 2014

Licensing Terms Announced for HEVC (aka H.265 and MPEG-H Part 2)

A group of 25 companies have agreed on license terms for the High Efficiency Video Coding (also known as H.265 and MPEG-H Part 2).

HEVC is designed to improve video coding efficiency for the benefit of Internet and mobile service providers.  It is also expected to deliver next generation higher resolution HDTV video displays for 4K and 8K Ultra High Definition TV (UHDTV).

Some key elements of the HEVC Patent Portfolio License, which is expected in early 2014:

Decoder-Encoder Manufacturer Sublicenses

  • HEVC products sold by a legal entity to end users
  • 0 – 100,000 units/year = no royalty (available to one legal entity in an affiliated group)
  • US $0.20 per unit after first 100,000 units each year
  • Maximum annual royalty payable by an enterprise (company and greater than 50% owned subsidiaries): initially starts at $25M
  • Includes right to make, use and sell
  • Royalties are payable for HEVC products from May 1, 2013 forward

“As contemplated, the HEVC license will utilize a modern streamlined pool licensing approach with simple easy-to-understand terms making the technology readily accessible to the largest possible market in the shortest possible time,” said MPEG LA President and CEO Larry Horn. “MPEG LA salutes the cooperation of patent owners who have worked hard to reach common ground in making a joint patent license available for the convenience of HEVC adopters. As a result of their efforts, consumers benefiting from a marketplace of competitive technology choices will be the clear winners.”

As work continues on evaluating patents for essentiality and concluding terms in final agreements, the license is currently supported by 25 prospective HEVC essential patent holders including the following:

  • Apple Inc.
  • British Broadcasting Corporation
  • Cisco Technology, Inc.
  • Electronics and Telecommunications Research Institute (ETRI) of Korea
  • Fraunhofer-Gesellschaft zur Foerderung der angewandten Forschung e.V.
  • Hitachi Maxell, Ltd.
  • HUMAX Co., Ltd.
  • JVC KENWOOD Corporation
  • KT Corp.
  • LG Electronics Inc.
  • M&K Holdings Inc.
  • NEC Corporation
  • Nippon Hoso Kyokai
  • Nippon Telegraph and Telephone Corporation
  • NTT DOCOMO, INC.
  • Orange SA
  • Siemens AG
  • SK Telecom
  • Telefonaktiebolaget LM Ericsson
  • Thomson Licensing
  • Vidyo, Inc.


http://www.mpegla.com/main/Pages/Media.aspx

Avantel Picks NSN for LTE Launch in Colombia

Avantel, a new entrant in Colombia’s LTE landscape, has selected Nokia Solutions and Networks to supply the complete infrastructure for its LTE network.


NSN will provide the complete suite of radio and core network equipment along with, as well as build and operate services so that subscribers in Bogota can enjoy a host of advanced mobile broadband services.

“We aim to transform Colombia’s communications landscape with this next-generation LTE network – one that will open up a world of new high-speed services for our customers in Bogota,” said Raul Amaya, chief strategy officer at Avantel. “Our longstanding relationship with NSN, coupled with the company’s experience and expertise in deploying world-class networks across the globe, made it a natural choice as our partner for this important initiative.”

Under the build-operate-transfer agreement, NSN will deliver an LTE network using its Flexi Multiradio 10 Base Stations and Evolved Packet Core (EPC). The network will use NSN's Subscriber Data Management (SDM) solution, including New Technology Home Location Register (NT-HLR) and One-NDS for a centralized database repository. NSN will also supply its ATCA-based Mobile Voice Core solution, which, in the first phase of the roll out, will be implemented with CSFB voice call features to ensure voice services for LTE customers. In the second phase, NSN will deploy its IMS solution to enable the implementation of VoLTE for providing high-definition voice services to Avantel’s subscribers.

In addition, NSN will provide its NetAct management system to ensure consolidated configuration, monitoring and network optimization for Avantel’s radio and core network. The Performance Manager will enable 360 degree insight to network performance.  NSN said the deal also includes a complete range of services such as network implementation, planning and optimization, systems integration and network operations where the OSS will be managed by NSN.  Financial terms were not disclosed.

http://www.avantel.co/
http://nsn.com/news-events/press-room/press-releases/avantel-chooses-nsn-for-high-speed-mobile-broadband-services-in-colombia


  • NSN noted that it now has 117 commercial references for the delivery of LTE as of January 2014.
  • In November 2013, Avantel announed US$250 million in venture funding to support its rollout of LTE in Colombia.  Avantel Investors included Grupo Banco Mundial, Appaloosa Management, CAF - Banco de Desarrollo de América Latina and other private parties.
  • In Colombia's recent auction, Avantel secured 30 MHz of AWS (Advanced Wireless Services) spectrum in the 1710-1755  and 2110-2155 MHz bands.

Telekom Malaysia Implements Level 3's CDN

Level 3 Communications will provide Telekom Malaysia with capabilities to locally cache high-demand content on its network to enhance Internet connectivity, network efficiency, reliability and security.

As an extension of its high-speed Internet services, Level 3's Internet Localization service combines the company's content delivery network (CDN) with deep edge caching and high-speed IP to efficiently route traffic on TM's network.

"The rapidly increasing consumption of high-bandwidth content is changing the Internet landscape and altering the way communications providers configure and manage their network infrastructure," said Gary Breauninger, Level 3's group vice president of Strategic Enterprise and Wholesale Sales. "By leveraging the global reach of the Level 3 network to deliver content closer to high-demand population centers, we are able to dramatically improve content access and provide a richer Internet experience."

http://www.level3.com/en/global-reach/asia-pacific/

Siklu Reports Growing E-band Millimeter Wave Backhaul Sales in 2013

Siklu reported double-digit growth in sales of its EtherHaul E-band millimeter wave backhaul system in 2013.

The company says it sold more than 6,500 EtherHaul units in 2013, to service providers, operators and private networks. Siklu estimates this represents more than 30 percent market share for the year.

“Siklu entered the market with a disruptive price point, which has driven adoption and pulled down average unit prices across the market,” says Richard Webb, Directing Analyst, Microwave and Carrier WiFi, for Infonetics Research, “In 2013 Siklu was a major driver of unit volumes with its EtherHaul licensed millimeter wave products.”

In 2014, Siklu will offer a low-priced, tiny, and unobtrusive V-band (60 GHz) backhaul radio that will enable mass deployment of street-level networked devices. Applications range from carrier small cells backhaul through Wi-Fi offload to security solutions. Combined with its E-band products, these new radios allow Siklu to address multiple backhaul use cases that challenge operators and service providers worldwide.

“We have already transformed the millimeter wave market with our all-silicon E-band radio, and now we’re going to shake up the 60 GHz V-band market,” said Siklu’s CEO, Itzik Ben-Bassat. “Driving small cell backhaul costs down – from unit cost to installation and operational costs - is crucial for profitable deployments.


ZTE Sees Profits in 2013 Thanks to Cost Controls

ZTE issued new financial guidance saying it now expects full-year net profit attributable to shareholders will be between RMB 1.2 billion and RMB 1.5 billion, thanks to stringent control in expenses and tighter scrutiny of business that offer lower margins. The company also cited better management of cash flow and account receivables, resulting in a large increase in operating cash flow. Sales, administrative and research and development expenses were reduced from a year earlier. The full 2013 financial report has not yet been released.

http://wwwen.zte.com.cn/en/press_center/news/201401/t20140120_416963.html


Sunday, January 19, 2014

Brocade Divests Network Adapter Business to QLogic

Brocade has sold its network adapter business to QLogic for an undisclosed sum.

The deal includes the entire Brocade network adapter product portfolio:

  • Brocade 1860 Fabric Adapters
  • Brocade 815/825 and 415/425 Fibre Channel Host Bus Adapters, or HBAs
  • Brocade 1010/1020 Converged Network Adapters, or CNAs
  • HBA and CNA mezzanine adapters for select OEM partners.

The companies also agreed to work together closely to affirm their commitment to the storage area networking industry, collaborate on the development of the next generation Gen 6 Fibre Channel technology, and strengthen the Fibre Channel vendor ecosystem for the benefit of mutual customers.

Brocade said the sale enables it to focus on meeting the data center networking needs of customers through next-generation fabrics and software defined networking -- the two critical building blocks for modern data centers.

"This transaction continues the execution of our business strategy, which will further enable Brocade to focus on core networking technologies in the data center in order to better serve our customers and partners and to drive better value for our shareholders," said Ken Cheng, chief technology officer and vice president of Corporate Development and Emerging Business at Brocade. "This transaction also benefits our customers through the two companies firmly committing to the success of the current Gen 5 Fibre Channel technology as well as Gen 6 technology, which is now in development."

http://www.brocade.com
http://www.qlogic.com/pages/default.aspx

Huawei Signs On with Arsenal as Official Smartphone Partner

Huawei has been named the "Official Smartphone Partner" of Arsenal Football Club until the end of season 2015/16.

The deal brings together two high performing organisations with a global presence; Huawei, a global technology and communications market leader, and Arsenal FC, one of the world's biggest football clubs.

Tom Fox, Chief Commercial Officer at Arsenal Football Club, said: "We are delighted to welcome Huawei to Arsenal as an official partner. This is the first global deal we have signed with a Chinese brand, demonstrating our long-term commitment to the market through pre-season tours and sustained digital fan engagement.


Saturday, January 18, 2014

VMware Appoints Ben Fathi as CTO - former Cisco Exec

VMware has appointed Ben Fathi to the role of chief technology officer, replacing Steve Herrod who served as VMware's chief technology officer since 2008.

Fathi most recently served as senior vice president, R&D, at VMware and has been with the company since 2012. Prior to joining VMware, Fathi served as a senior vice president at Cisco leading the operating systems and networking protocol teams. Prior to Cisco, he held multiple roles at Microsoft over 12 years, most recently as corporate vice president of development for the Windows core operating system division.

http://www.vmware.com/company/news/releases/vmw-newsfeed/VMware-Appoints-Ben-Fathi-as-Chief-Technology-Officer/1796843

Thursday, January 16, 2014

IBM to Invest $1.2 Billion in 15 New Softlayer Data Centers

IBM will invest $1.2 billion to expand its cloud business and build on its acquisition of Softlayer data centers last year. The plans call for 15 new data centers worldwide, including new Softlayer facilities in Washington D.C., Mexico City, Dallas, China, Hong Kong, London, Japan, India and Canada. The expansion will bring the number of IBM cloud data centers to about 40 worldwide.

http://www.ibm.com
http://www.softlayer.com

Last summer, IBM agreed to acquire SoftLayer Technologies, which operates 13 data centers in the United States, Asia and Europe.  Bloomberg valued the deal at about $2 billion.

SoftLayer allows clients to buy enterprise-class cloud services on dedicated or shared servers, offering clients a choice of where to deploy their applications. The company is based in Dallas, Texas, and serves approximately 21,000 customers.  

The acquisition strengthened IBM's position in cloud computing.  At the time of the deal, IBM said its expects to reach $7 billion annually in cloud revenue by the end of 2015.

IBM also announced the formation of a new Cloud Services division. The new division will provide a broad range of choices to both IBM and SoftLayer clients, ISVs, channel partners and technology partners. SoftLayer’s services will complement the existing portfolio with its focus, simplicity and speed. The division will report to Erich Clementi, Senior Vice President, IBM Global Technology Services. IBM plans to expand SoftLayer cloud offerings to include OpenStack capabilities.

Juniper Unveils Firefly Virtualized Security Suite

Juniper Networks unveiled its Firefly Suite, a virtualized security portfolio that provides granular, dynamic and secure connectivity for the private and public cloud. The goal is to proactively protect virtual workloads and applications in real-time with security intelligence, automation and unified control over virtual firewalls.

The suite introduces Firefly Perimeter, a virtual version of the Juniper Networks SRX Series Services Gateway, as well as Junos Space Virtual Director, an application that automates the management and deployment of Firefly Perimeter. When combined with enhancements to Firefly Host, which provides hypervisor-based protection between virtual machines, the suite secures traffic within a virtualized data center as well as traffic to and from it.

Key elements include:

  • Firefly Perimeter -- a new virtual and software-based version of the Juniper Networks SRX Series Services Gateway. It delivers high availability, granular security with segmentation capabilities between zones, organizations, lines of business and applications, as well as rich connectivity features like Network Address Translation (NAT), routing and VPN. Firefly Perimeter can be easily deployed and managed centrally or individually as a security VM for each department, application or tenant.  The solution is optimized to leverage multiple virtual CPUs to maximize packet processing and overall throughput in the virtual environment.  Juniper said its Contrail SDN controller seamlessly integrates with Firefly Perimeter to dynamically provision service-chained virtual and physical security services in cloud environments.
  • Junos Space Virtual Director -- a new Junos Space application delivering full lifecycle management of Firefly Perimeter VMs. It enables organizations to automate provisioning and resource allocation of virtual machines associated with Firefly Perimeter VMs. It provides oriented workflows, pre-tested configuration, and open APIs for integration with third-party management platforms.
  • Firefly Host (formerly named vGW Virtual Gateway) -- a purpose-built firewall for virtualization designed to protect intra-VM traffic. It provides hypervisor-based stateful firewall for East-West traffic between virtual machines, including integrated intrusion detection (IDS), virtualization-specific antivirus (AV) protection and compliance tools, with management scale. Firefly Host is tightly integrated into the VMware hypervisor and VMware management framework. Synchronization of security policies across Firefly Host management centers provides automated policy management and granular control of VMs for multi-tenant environments with unparalleled performance in the industry. 

"Juniper's Firefly Suite allows companies to attach, create and manage security policy across physical and virtual firewalls with a high level of flexibility supporting error-free, fast scale out deployment for the most demanding environments. We provide complete protection for the cloud and from the cloud," stated Michael Callahan, vice president global product marketing, Security Business Unit, Juniper Networks.

Firefly Perimeter and Junos Space Virtual Director will be released in Q1 2014.



In September 2013, Juniper Networks announced the commercial launch of its Contrail software-defined networking (SDN) solution for enterprise data centers and Service Provider networks. 

The company said the primary benefit of Contrail is that it provides a simple way to connect physical networks with a virtual environment and provision underlying services, reducing the time, cost and risk for customers when configuring the network. In addition to virtualizing network resources, Contrail promises automated configuration for Network Functions Virtualisation (NFV). The launch represents the third step in Juniper's SDN strategy announced earlier this year (see below)

Juniper Networks Contrail, formerly known as JunosV Contrail, is comprised of an SDN controller, vRouter, and analytics engine.  It creates a virtual network, enabling seamless integration between physical and virtual networks.  Contrail's hypervisor forwarding plane provides line rate routing and switching in a multi-tenant virtualized environment that is completely decoupled from the underlying physical fabric switches. Contrail enables a variety of VPNs in software, including L3 VPNs, E-VPNs, Site-to-Site IPSec, and SSL VPNs.

IBM Debuts X6 Architecture with Optimized x86-Based Servers for Cloud, Analytics

IBM introduced the sixth generation of its enterprise X-Architecture for System x and PureSystems servers, featuring optimized x86-based systems for analytics and cloud applications.

Some highlights of the X6 architecture:

  • Integrated eXFlash memory-channel storage -- an industry first, this DIMM-based storage provides up to 12.8 terabytes of ultrafast flash storage close to the processor, increasing application performance by providing the lowest system write latency available, essential for analytics applications. X6 can provide significantly lower latency for database operations, which can lower licensing costs and reduce storage costs by reducing or eliminating the need for external SAN/NAS storage units;
  • A modular, scalable design that supports multiple generations of CPU -- another industry first -- and can reduce acquisition costs, up to 28 percent in comparison to one competitive offering. [3] X6 provides stability and flexibility through forthcoming technology developments, allowing users to scale up now and upgrade efficiently in the future;
  • Resiliency features for cloud delivery models of mission-critical applications -- memory and storage increase virtual machine capacity to allow SaaS delivery of applications. Autonomous self-healing CPU and memory systems maximize application uptime by proactively identifying potential failures and taking action to correct them. In addition, Upward Integration Modules can help reduce the cost and complexity of system administration by allowing operators to perform management tasks through virtualization tools. 

Server models supported by this new architecture currently include the System x3850 X6 four-socket system, System x3950 X6 eight-socket system, and the IBM Flex System x880 scalable compute nodes. IBM also is introducing the System x3650 M4 BD storage server, a two-socket rack server supporting up to 14 drives delivering up to 56 terabytes of high-density storage -- the largest available in the industry. It provides 46 percent greater performance than previous comparable IBM System x servers and is ideally suited for distributed scale-out of big data workloads.

IBM will offer specific configurations of its X6 architecture for analytics, database and cloud deployment, including IBM System x Solution for DB2 with BLU Acceleration on X6 for accelerating analytics, IBM System x Solution for SAP HANA on X6 for analytics, and System x Solution for VMware vCloud Suite on X6 for infrastructure-as-a-service capabilities.

In addition, IBM is enhancing its software defined environment (SDE) portfolio with the introduction of IBM Platform Resource Scheduler for private and hybrid IBM SmartCloud clients.  This provides a virtualized, open and programmable architecture for all available IT resources -- from application software licenses to available network bandwidth.

IBM Global Financing is also rolling out new financing offerings to help reduce upfront costs for adopting these new cloud and analytics solutions. Credit-qualified clients can obtain Fair Market Value leasing when acquiring X6 architecture solutions.

http://www-03.ibm.com/press/us/en/pressrelease/42796.wss

In October 2013, IBM rolled out new systems and solutions to help enterprises and managed service providers (MSPs) to build  private and hybrid clouds .

The rollout included new PureSystems, Power Systems, Smarter Storage Systems, System x, and Technical Computing offerings that provide the flexibility clients need to quickly deploy clouds. IBM noted that its now has more than 100 cloud Software as a Service (SaaS) solutions and a network of more than 25 global cloud delivery centers. Since 2007, IBM has invested more than $6 billion in acquisitions to accelerate its cloud initiatives.

"IBM is uniquely positioned to compete aggressively for public, private and hybrid cloud computing opportunities," said Tom Rosamilia, Senior Vice President, IBM Systems & Technology Group and Integrated Supply Chain. "The new IBM Systems and solutions provide superior efficiency and agility to help clients quickly deploy the right cloud infrastructure that best meet their needs."

Google Acquires Impermium for Social SIGNIT Account Defense

Google has acquired Impermium, a start-up specializing in web account security, for an undisclosed sum.

Impermium, which was based in Redwood City, California, delivers threat intelligence and risk-based authentication to protect against account hijacking.  The Impermium Edge Sentinel featured a risk-based authentication system instead of simple username+password for each session.  The technology identifies the predictable patterns of legitimate users based on behavioral analytics and social intelligence (Social SIGNIT) from 1,500,000 websites, along with adversarial machine learning to build its risk-based profile.   It can be used to protect against account hacking, comment spam, malware placement, hate speech, profanity, information theft and registration fraud.  The company had previously cited a number of major websites as customers, including Tumblr, Pinterest, ESPN, CNN and The Washington Post.

Investors in the Impermium included Accel Partners, AOL Ventures, Charles River Ventures, Data Collective, Freestyle Capital, Greylock Partners, Highland Capital Partners, Morado Ventures, and the Social+Capital Partnership.

https://www.impermium.com/

Vitesse Debuts Carrier Ethernet Services Suite

Vitesse Semiconductor introduced its CEServices software suite for easier provisioning and management of Carrier Ethernet business services.

CEServices software works in tandem with Vitesse's ViSAA-enabled Carrier Ethernet switch engines -- Jaguar, LynX, Caracal, and Serval -- to simplify Ethernet business service provisioning and monitoring at greater scale and wire-speed performance with various standards-based capabilities including:
  • Service classification and MEF compliant policing to meet advanced Service Level Agreements (SLAs);
  • Performance Monitoring and Service Activation Measurements - RFC2544, Y.1731 and Y.1564;
  • Multi-operator OAM - Up and Down MEPs;
  • Extensive suite of Carrier Ethernet and MPLS/MPLS-TP networking protocols; and
  • SyncE and IEEE 1588v2 PTP protocol support with Vitesse's VeriTime, the industry's de facto highest accuracy IEEE 1588v2 synchronization technology.

For service subscriber Edge applications, such as SLAs, ViSAA Service Edge Software control functionality enables per EVC, policers, shapers, queues, tagging and marking, statistics and extensive OAM to ensure traffic flow compliance.

For network applications, CEServices software enables ViSAA networking functionality for provider bridge (Q-Q) tunneling. Traffic protection enables scalability, while ensuring reliability. CEServices also enables end point and immediate point access to MEF CE 2.0 capabilities and functions.

"Vitesse's CEServices software has been vetted in multiple industry-wide interoperability events such as EANTC, with many of our customers seamlessly achieving MEF CE 2.0 certification during the first wave of 2013 MEF equipment certifications," said Harpreet Chohan, product marketing director at Vitesse. "Vitesse remains committed to enabling low cost and low power MEF CE 2.0-compliant access platforms for Carriers to monetize Ethernet service delivery in Mobile Access and Cloud networks."

Vitesse also confirmed that over 40 OEMs have licensed Vitesse's CEServices software, with several starting field trials with proven MEF CE 2.0 compliance in less than six months, versus 18 month cycles or more for typical solutions.

http://www.vitesse.com/ceservices


Carlson Wireless Gains FCC Certification for TV White Space Radio

Carlson Wireless Technologies has been granted certification by the FCC for its RuralConnect TV white space (TVWS) radio system for use with the Spectrum Bridge TV white spaces database.

RuralConnect delivers extended coverage, non-line-of-sight (NLOS) broadband connectivity by transmitting over TV white space (TVWS) frequencies, 470 to 698 MHz.

"FCC certification enables us to offer this technology domestically," said Jim Carlson, CEO of CWT. "And because of the FCC's stature worldwide, it also gives a boost to global efforts to adopt TVWS technology," Carlson continued. "Providing connectivity to underserved populations worldwide is more than an interest to us. It's our corporate mission."

Carlson Wireless noted that RuralConnect has operated for the last three years in more than 58 trial deployments both domestically and internationally, including a highly successful trial with Google and others in 2013 with schools in Cape Town, South Africa. These trials have played a pivotal role in demonstrating to both regulators and potential users the ability of TVWS technology to provide high-speed data across rugged terrain.

In 2014, CWT will seek FCC approval for use of RuralConnect with other approved databases by Google and iconectiv.

http://www.carlsonwireless.com

Pacnet Completes 100G Upgrade on US-Japan Cable with Ciena

Pacnet has completed a 100G upgrade to its trans-Pacific link connecting the U.S. West Coast to Japan using Ciena’s 6500 Packet-Optical Platform.  Pacnet is now able to offer a suite of high-capacity OTN and Ethernet services to meet customer demand while reducing cost-per-bit.

Ciena’s 6500 Packet-Optical Platform, powered by WaveLogic 3 coherent optical processors, combines advanced digital signal processing with soft-decision forward error correction. In addition, Ciena’s WaveLogic 3-based submarine solution is equipped with integrated test capabilities that provide Pacnet with critical information about its network health, capacity and resilience, allowing it to leverage network resources efficiently and proactively without complex and expensive external testing gear.

http://www.ciena.com

CipherCloud Acquires CloudUp Networks

CipherCloud has acquired CloudUp Networks, a privately held provider of SaaS application security. The transaction closed in early January. The financial terms of the acquisition are not being disclosed.

CipherCloud provides cloud encryption and tokenization gateways to help enterprises to securely adopt cloud applications by eliminating concerns about data privacy, residency, security and regulatory compliance.  The company began its cloud protection journey by delivering encryption, tokenization and Data Loss Prevention (DLP) capabilities.  The company has since integrated visibility capabilities into its platform to help customers discover data anomalies and determine the relevant security controls to protect their cloud bound data.

CipherCloud said the integration of CloudUp brings new capabilities to scan and tag different classes of data in order to protect sensitive organizational information. Additionally, the CloudUp technology provides a holistic view of the sensitivity of data across all cloud applications and enables DLP policies to be enforced on cloud data based on the sensitivity or risk level of that data. These capabilities enhance an organization's visibility into and compliance controls for data throughout its cloud lifecycle.

"We continue to raise the bar for cloud information protection," said Pravin Kothari, founder and CEO of CipherCloud. "The consumption of multiple cloud applications into the enterprise requires security to be in lock step with visibility. This acquisition reflects our strategy of growing our business with the tools our customers need to go to the cloud."

http://www.ciphercloud.com

In December 2012, CipherCloud, a start-up based in San Jose, California, announced $30 million in new venture funding from Andreessen Horowitz for its cloud protection.  The CipherCloud product portfolio supports popular cloud applications including Salesforce, Force.com, Chatter, Google Gmail, Microsoft Office 365, and Amazon AWS. Customers include top firms in banking, insurance, healthcare and technology, as well as government agencies. CipherCloud’s existing investors include Andreessen Horowitz, Index Ventures and T-Venture, the venture capital arm of Deutsche Telekom.

Riverbed Rejects Elliott’s Unsolicited Proposal

Riverbed's Board of Directors has rejected the unsolicited proposal from Elliott Management Corporation to acquire all of the outstanding shares of Riverbed common stock for $19.00 per share, saying the proposal "undervalues the company and is not in the best interests of shareholders."

“Riverbed has been executing a strategy focused on the creation of sustained growth for our business and increasing value for all of our shareholders,” said Jerry M. Kennelly, chairman and CEO, Riverbed.  “Earlier today, we announced favorable preliminary fourth quarter 2013 results and our first quarter 2014 view, which are indicative of the strong early traction we have achieved against our strategy.”

Seperately, Riverbed announced preliminary Q4 numbers, saying non-GAAP revenue for Q4’13 is expected to be in the range of $284 million to $285 million, compared to the company’s previous guidance of $270 million to $276 million. Q4’13 non-GAAP net income is expected to be in the range of $0.30 to $0.31 per diluted share, compared to the company’s previous guidance of $0.26 to $0.27 per diluted share.

http://www.riverbed.com

Orange Jordan Upgrades Base Stations and Packet Core with Ericsson

Ericsson will upgrade Orange Jordan’s existing packet core and renew its radio access network by replacing the operator’s old radio base stations and introducing Ericsson’s latest RBS 6000 family of base stations. The packet core upgrade includes SGSN on Ericsson Blade System and Ericsson Evolved Packet Gateway on SSR 8000 family, which will provide an enhanced experience for Orange Jordan subscribers by securing the bandwidth needs of the most demanding online applications with minimal latency. Financial terms were not disclosed.

Jean-Francois Thomas, Orange Jordan CEO said; "Ericsson has been our exclusive partner of choice for over a decade, supporting us in our strategic expansion objectives and our ongoing efforts to provide subscribers with the best possible connectivity. We have made significant contributions to the telecommunications sector and have ensured its continued evolution.

http://www.ericsson.com

See also