International Business News - Networks http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif F5 Networks Inc., which creates network traffic management products, posted a fiscal third-quarter decline of 12.4 percent Wednesday as robust sales failed to overcome higher costs. http://www.ibtimes.com/articles/20080723/f5-networks-fiscal-3q-profit-drops-12-4-percent.htm Wed, 23 Jul 2008 18:49:45 EDT Network equipment maker Cisco Systems Inc. on Wednesday said it intends to buy Pure Networks, which makes home networking-management software and tools, for $120 million. http://www.ibtimes.com/articles/20080723/cisco-to-buy-pure-networks-for-120-million.htm Wed, 23 Jul 2008 09:15:44 EDT Shares of Foundry Networks Inc. soared Tuesday after Brocade Communications Systems Inc. said it would buy the networking equipment maker for $3 billion, representing a 41 percent premium to Foundry's Monday closing stock price. http://www.ibtimes.com/articles/20080722/out-of-the-gate-foundry-networks-shares-soar.htm Tue, 22 Jul 2008 19:36:57 EDT Brocade Communications Systems Inc., dominant in an obscure corner of the data storage market, wants a piece of a bigger pie: Cisco Systems Inc.'s cash cow business of networking equipment that shuttles Internet traffic. http://www.ibtimes.com/articles/20080722/brocade-deals-for-foundry-networks-in-cisco-salvo.htm Tue, 22 Jul 2008 00:25:21 EDT Brocade Communications Systems Inc. is plunking down $3 billion for Foundry Networks Inc., melding two companies with presence deep in the data center and posing a direct challenge to industry behemoth Cisco Systems Inc. http://www.ibtimes.com/articles/20080721/brocade-to-acquire-foundry-networks-for-3b.htm Mon, 21 Jul 2008 21:10:36 EDT Cavium Network Inc.'s second-quarter profit met analyst expectations amid dramatically higher sales that helped the chip maker bounce back from a loss in the same period last year. http://www.ibtimes.com/articles/20080716/cavium-networks-swings-to-profit-in-2nd-quarter.htm Wed, 16 Jul 2008 19:21:06 EDT The marriage between the gay characters Kevin and Scotty in the season finale of ABC's "Brothers & Sisters" helped the network win the highest praise Sunday from an advocacy group that pushes for more visibility of such characters on television. http://www.ibtimes.com/articles/20080714/abc-fx-get-high-marks-from-gay-lesbian-alliance.htm Mon, 14 Jul 2008 08:08:11 EDT Limelight Networks Inc. said Wednesday its Chief Financial Officer Matthew Hale will leave at the end of the year. The company did not disclose a reason for his departure. http://www.ibtimes.com/articles/20080709/limelight-networks-cfo-hale-to-leave-at-year-end.htm Wed, 09 Jul 2008 17:20:07 EDT Sycamore Networks Inc. and three former executives on Wednesday agreed to settle federal regulators' allegations of improper backdating of stock options from late 1999 to mid-2002. http://www.ibtimes.com/articles/20080709/sycamore-3-ex-executives-settle-sec-charges.htm Wed, 09 Jul 2008 18:50:23 EDT Barack Obama's plan to accept the Democratic presidential nomination at a Denver outdoor stadium instead of the arena in which his party's convention will be held sent the television networks scrambling Monday. http://www.ibtimes.com/articles/20080708/stadium-speech-by-obama-sends-networks-scrambling.htm Tue, 08 Jul 2008 09:15:15 EDT Federal law does not bar satellite television provider EchoStar Communications Corp. from leasing a transponder to another company to transmit network signals, a U.S. appeals court ruled Monday. http://www.ibtimes.com/articles/20080707/appeals-court-echostar-not-barred-from-lease-deal.htm Mon, 07 Jul 2008 21:35:16 EDT Shares of networking equipment maker Juniper Networks are rising in premarket trading, after a Piper Jaffray analyst upgraded the stock because of Juniper's upcoming slate of products. http://www.ibtimes.com/articles/20080707/ahead-of-the-bell-juniper-networks-rises.htm Mon, 07 Jul 2008 09:15:27 EDT Shares of Scripps Networks Interactive Inc. began trading on the New York Stock Exchange Tuesday following the company's separation from E.W. Scripps Co. http://www.ibtimes.com/articles/20080701/scripps-networks-debuts-on-new-york-stock-exchange.htm Tue, 01 Jul 2008 13:57:55 EDT Sonus Networks Inc., a networking hardware and software maker, said late Thursday that its board has adopted a three-year stockholder rights plan to help protect shareholders and the company from an unwanted takeover. http://www.ibtimes.com/articles/20080627/sonus-networks-adopts-shareholder-rights-plan.htm Fri, 27 Jun 2008 09:06:33 EDT Gilat Satellite Networks Ltd., a provider of products and services for satellite-based communications networks, said Tuesday it named Ari Krashin chief financial officer. http://www.ibtimes.com/articles/20080624/gilat-satellite-networks-names-new-cfo.htm Tue, 24 Jun 2008 08:47:48 EDT Sonus Networks Inc., which makes networking hardware and software, said late Sunday it is in ongoing talks with Legatum Capital to address dissident shareholder complaints about board representation. http://www.ibtimes.com/articles/20080623/sonus-networks-in-talks-with-legatum-capital.htm Mon, 23 Jun 2008 07:46:05 EDT Shares of Limelight Networks Inc. rose Thursday as an analyst began coverage with a "Buy" rating, saying it is likely the Internet content delivery company will "work around" the technology at the center of patent litigation and avoid a permanent injunction. http://www.ibtimes.com/articles/20080619/limelight-rises-after-wedbush-starts-at-buy.htm Thu, 19 Jun 2008 15:38:57 EDT A group of dissident shareholders reported Thursday that they have dropped a proxy contest against Web site operator CNet Networks Inc., which is being acquired by TV and radio broadcaster CBS Corp. for $1.8 billion. http://www.ibtimes.com/articles/20080619/dissident-investors-drop-contest-at-cnet-networks.htm Thu, 19 Jun 2008 11:16:29 EDT A shareholder of Sonus Networks Inc., a networking hardware and software maker, on Wednesday said it would withhold its votes for all nominees up for election to Sonus board of directors at the company's annual meeting on Friday. http://www.ibtimes.com/articles/20080618/sonus-networks-shareholder-to-withhold-board-votes.htm Wed, 18 Jun 2008 18:28:47 EDT Among the stock activity stories for Thursday, June 12, from AP Financial News: NEW YORK (AP)--Shares of Nortel Networks Corp. rose sharply Thursday after the company's analyst day reassured Wall Street, leading a JPMorgan analyst to upgrade the Canadian telecommunications equipment maker. http://www.ibtimes.com/articles/20080612/movers-roundup-nortel-networks-elizabeth-arden.htm Thu, 12 Jun 2008 18:25:00 EDT