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 Canadian telecommunications equipment maker Nortel Networks Corp. said Thursday it bought DiamondWare Ltd. for $10 million in a move to strengthen its virtual web and voice communications offerings. http://www.ibtimes.com/articles/20080821/nortel-networks-buys-diamondware-for-10-million.htm Thu, 21 Aug 2008 08:00:55 EDT Shares of Limelight Networks Inc. fell sharply Wednesday after the company reported a wider second-quarter loss. The stock fell 46 cents, or 10.5 percent, to $3.91 in midday trading. The stock has ranged from $2.62 to $13.67 over the past year. http://www.ibtimes.com/articles/20080813/limelight-networks-shares-fall-on-wider-2q-loss.htm Wed, 13 Aug 2008 12:02:40 EDT Limelight Networks Inc. reported that its loss for the second quarter widened by 44 percent over year-ago levels, although the company still beat Wall Street's estimates by a penny a share. http://www.ibtimes.com/articles/20080812/limelight-networks-2q-loss-widens-by-44-percent.htm Tue, 12 Aug 2008 19:59:50 EDT Shares of Sonus Networks Inc. fell sharply Tuesday after the company cut its revenue growth estimates for 2008. Sonus shares fell 70 cents, or 16.7 percent, to close at $3.49. The stock has ranged from $2.92 to $7.59 over the past year. http://www.ibtimes.com/articles/20080812/sonus-shares-down-on-lowered-revenue-projection.htm Tue, 12 Aug 2008 19:19:39 EDT Extreme Networks Inc., which makes computer network components, said Monday it is seeking to repurchase $100 million of its stock through a so-called modified Dutch auction tender offer. http://www.ibtimes.com/articles/20080811/extreme-networks-makes-tender-offer.htm Mon, 11 Aug 2008 09:47:15 EDT Hewlett-Packard Co., which makes printers, computers and servers, said Monday it will buy Colubris Networks Inc., a privately held maker of wireless networks. http://www.ibtimes.com/articles/20080811/hewlett-packard-to-acquire-colubris-networks.htm Mon, 11 Aug 2008 09:10:50 EDT Network services provider Limelight Networks Inc. said Friday the U.S. District Court for the District of Arizona has granted the its motion to dismiss a shareholder class action lawsuit. http://www.ibtimes.com/articles/20080808/limelight-says-court-grants-motion-to-dismiss-suit.htm Fri, 08 Aug 2008 17:01:13 EDT Shares of Extreme Networks Inc. jumped Friday, a day after the maker of computer network components said it swung to a profit in its fiscal fourth quarter on better-than-expected sales. http://www.ibtimes.com/articles/20080801/extreme-networks-shares-rise-on-solid-4q-results.htm Fri, 01 Aug 2008 13:49:28 EDT Shares of BigBand Networks Inc. rose Friday, a day after the digital-video network provider beat Wall Street's second-quarter earnings estimates. The company said quarterly profit fell 25 percent on revenue that dropped 21 percent. But analysts had forecast an even weaker performance. http://www.ibtimes.com/articles/20080801/bigband-shares-rise-after-2q-earnings-beat-street.htm Fri, 01 Aug 2008 13:40:18 EDT Shares of Nortel Networks Corp. plunged Friday after the Canadian telecommunications equipment maker posted a wider second-quarter loss and forecast a tough economic environment ahead. http://www.ibtimes.com/articles/20080801/nortel-networks-shares-sink-after-2q-loss-widens.htm Fri, 01 Aug 2008 19:47:33 EDT Shares of Harris Stratex Networks Inc. plummeted to a new year low in heavy trading Thursday after the wireless networking products and services company disclosed accounting errors and predicted it would miss earnings targets. http://www.ibtimes.com/articles/20080731/harris-stratex-shares-plunge-after-weak-08-seen.htm Thu, 31 Jul 2008 15:57:50 EDT Shares of Starent Networks Corp. soared Wednesday, after the maker of equipment for wireless networks reported second-quarter earnings which beat Wall Street estimates and raised its guidance for the full fiscal year. http://www.ibtimes.com/articles/20080730/starent-networks-shares-climb-after-earnings-beat.htm Wed, 30 Jul 2008 13:34:40 EDT Shares in Juniper Networks Inc. rose in premarket trading Friday as analysts raised their recommendations, after the maker of networking equipment reported strong earnings. http://www.ibtimes.com/articles/20080725/ahead-of-the-bell-juniper-rises-analysts-upgrade.htm Fri, 25 Jul 2008 08:29:54 EDT Juniper Networks Inc., the maker of networking equipment, Thursday reported a 40 percent increase in earnings for the second quarter, helped by a new product line. http://www.ibtimes.com/articles/20080724/juniper-2q-profit-climbs-40-percent.htm Thu, 24 Jul 2008 16:58:01 EDT 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