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AT&T gets ready to cut 12,000 jobs

Sure enough, as Christmas gets closer the layoffs start to come in. Today's chopping comes from AT&T , which said it will cut 12,000 jobs, or 4% of its workforce. This isn't a surprise, given how rapidly AT&T's wireline business is deteriorating. People had already been dumping their landline phones at a remarkable rate, and the recession has only sped that along. Home sales have plunged, leading...

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With AT&T Job Cuts, Telco Recession is Official

AT&T announced this morning that it is going to cut 12,000 jobs, or 4 percent of its workforce, joining a long list of companies that are making cuts in response to the economy’s growing woes. These job cuts are not a surprise, because AT&T is seeing its wireline customer base eviscerated. The cuts will be [...]

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Infonetics Research: Infonetics Research: Worldwide service provider switch and IP router market down 4% to $3.3 billion in 3Q08

CAMPBELL, CA (MARKET WIRE) Worldwide sales of service provider switches and IP core and edge routers dropped 4% sequentially to $3.3 billion in 3Q08, with varying results across world regions, reports communications market research firm Infonetics Research in a new report.

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Fed to lend billion to sandisk markets central banks.

Samsung has withdrawn its bid for memory card company SanDisk after the companies failed to make progress on long running negotiations. Stocks Advancing Amid Heavy Short Interest CIENA Corp, WebMD. This deal offers of these MP. Hands On SanDisk Sansa slotMusic Player. By Greg Scoblete TWICE, AM New York The volatile world of flash memory manufacturing jolted some more this month as SanDisk sold. Pursuit...

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Read full story for latest sandisk.

Sort by date with duplicates included. Stocks Advancing Amid Heavy Short Valium CIENA Corp, WebMD. Hands On SanDisk Sansa slotMusic Player. Dropped a buyout bid for the maker of flash memory components. Samsung Electronics Nixes Offer to Buy SanDisk. SanDisk could be worth a share. Samsung Electronics hearby withdraws its proposal to acquire all the outstanding shares of SanDisk Corporation for per...

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Astvinayak Auto - Dents in the Car

Dear Sir, I had bought Spark from Astavinayak Auto based out of Malad link Road in Mumbai on the 3rd of Oct 2008. Its Just over 2months and I notice some dents appearing on the roof top of my Car....

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Ciena Announces Reporting Date and Webcast for Unaudited Fiscal 2008 Fourth Quarter and Year-End Results

LINTHICUM, Md.--(BUSINESS WIRE)--Ciena Corporation (NASDAQ:CIEN) will announce unaudited results for its fiscal 2008 fourth quarter and year end on Thursday, December 11, 2008, via Business Wire and First Call before

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Ciena Delivers Network Capacity, Resiliency and Managed Services for RCN Metro Optical Networks

LINTHICUM, Md. & HERNDON, Va.--(BUSINESS WIRE)--Ciena® Corporation (NASDAQ:CIEN), the network specialist, today announced that RCN Metro Optical Networks, a division of RCN Corporation (NASDAQ:RCNI) and premier

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SC08 Video: Ciena Demo of 100-Gigabit Data Transfer

I’m a geek groupie when it comes to technology. I can’t actually produce any of these life-changing products, but I can recognize something cool when I see it. And the 100-Gigabit data transfer demo that Ciena was showing off at SC 08 in Austin, Texas, today was very cool. Unlike previous demonstrations , Ciena’s was a 100-Gigabit data transfer over a single channel, rather than one aggregated over...

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SC08: The New Data Center Conference?

The folks in charge of the SC 08 conference being held in Austin, Texas, this week have trumpeted the phenomenal growth of the supercomputing show, with attendance up by almost 10 percent from the previous year, but I'm beginning to doubt that high-performance computing is driving this growth as much as the broad changes in the data center world. As Ori Aruj, CEO of switch chipmaker Dune Networks,...

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Citrix purchases Vapps for $26.6 Million in cash

Vapps investors and executives got an exit opportunity in a year that has made exits increasingly difficult to accomplish. Citrix Systems announced that it has acquired the small start up from Azure Capital Partners for $26.6 million in cash. Typically the most profitable method for making money with a start-up is taking them public. However, with the economy in a downward spiral this venue is no longer...

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Ciena Enhances Network Flexibility and Efficiency at Northwestern University

LINTHICUM, Md.--(BUSINESS WIRE)--Ciena® Corporation (NASDAQ:CIEN), the network specialist, today announced that Northwestern University, a major private research university based in Evanston, Ill., has deployed

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Citrix buys venture-backed Vapps for $26.6 million

Citrix said today it bought audio-conferencing services firm Vapps for $26.6 million in cash. If Vapps continues to perform well, it will get an additional $4.4 million. Counting options, the value of the deal is $34 million at most. The deal is a small one, but Azure Capital Partners, the largest investors in Vapps, said that [...]

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Former Employee Sentenced in Loan Fraud Case - Ordered to Pay $30 Million in Restitution to Business Loan Center

NEW YORK, Nov. 13 /PRNewswire/ -- Business Loan Center, LLC (BLX), formerly a national non-bank small business lender, announced that a former employee of its Troy, Michigan office, Patrick J. Harrington, was sentenced today in the United States District Court for the Eastern District of Michigan for conspiring with third parties to defraud BLX and the U.S. Small Business Administration (SBA). In October...

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Listline e-Newsletter 11/12

Horizon House Publications has appointed Edit Roman Associates Inc. to oversee a list of 82,247 subscribers to Telecommunications magazine.