Topic: Corporate News
The new items published under this topic are as follows.
Enterasys Networks Opens Regional Technology Center in Shanghai; Expands Presence in China
ANDOVER, MA-- October 24, 2003--Enterasys Networks Inc. (NYSE: ETS), a global provider of Business-Driven NetworksTM for enterprise customers, today announced that it has opened a new Regional Technology Center (RTC) in Shanghai to service partners and customers throughout China.
The new RTC will provide solution and product demonstrations, training, partner and customer briefings, and will serve as the main Chinese office for Enterasys local sales and technical personnel. Enterasys has seven other RTCs, including New York, Atlanta, Chicago, Dallas, Irvine and Menlo Park (California), and Reston, Virginia. In addition, the Company has local demonstration centers in Newbury, England; Frankfurt, Germany; Sao Paulo, Brazil and Mexico City, Mexico.
After-School Program Challenges Youth to Develop Creativity and Problem Solving Skills
DETROIT, Oct. 23, 2003 - The City of Detroit and Intel Corporation today opened four Intel? Computer Clubhouses in support of Mayor's Time*, a collaborative after-school campaign that provides development opportunities for Detroit's youth. The Clubhouses are sponsored by the Boys & Girls Club of Southeastern Michigan (Holden and Diehl Clubs), Latino Family Services and the Northwest Activities Center.
TTP Communications? subsidiary ip.access announces nanoGSM solution is chosen by T-Mobile USA, Inc. to enhance in-building coverage
? ip.access has inked a multi-year supply agreement with T-Mobile for the supply of nanoGSM basestations in the USA
? Solution delivers capacity and coverage in indoor environments and will be used to deliver service for a variety of applications.
Cambridge, October 23rd ? ip.access ltd., a wholly owned subsidiary of TTP Communications plc (LSE:TTC), today announces it has been awarded a multi-year contract to supply its nanoGSM? products, including basestations, basestation controllers and management systems, for use in T-Mobile USA, Inc.?s network nationwide.
DigitalNet Holdings, Inc. Schedules its Q3 2003 Earnings Release
HERNDON, Va, October 23, 2003 /Wi-Fi Technology News/-- DigitalNet Holdings, Inc. (Nasdaq: DNET), a provider of managed network services, information security solutions, and application development and integration services to U.S. defense, intelligence, and civilian federal government agencies, will release its third quarter fiscal 2003 earnings press release on Thursday October 30th at 8am E.T. Following the release, DigitalNet senior management will host a conference call at 10am E.T. to discuss the results.
Avaya?s Fourth Fiscal Quarter Revenue Increases 4 Percent Sequentially From Third Fiscal Quarter
--Company Reports Net Income Of $66 Million
--Company Earns 15 Cents Per Diluted Share In Fourth Fiscal Quarter On A GAAP Basis
-- Cash Balance Increases For Fifth Straight Quarter To $1.192 Billion, Putting Company In Net Cash* Position
BASKING RIDGE, N. J. /Wi-Fi Technology News/-- Avaya Inc., (NYSE:AV) a leading global provider of communications networks and services for businesses, today reported fourth fiscal quarter net income of $66 million or earnings of 15 cents per diluted share for the fourth fiscal quarter ended Sept. 30, 2003.
These results compare to net income of $8 million or earnings of 2 cents per diluted share in the third fiscal quarter of 2003.
magic4 brings on board more new recruits
Sheffield, UK and Worldwide, October 22 2003 /Wi-Fi Technology News/-magic4, the world?s leading supplier of seamless mobile messaging software solutions, today announces two strategic appointments. Joe Pienta has been appointed Motorola Program Manager and Chris Goswami has been appointed Product Manager.
Revenues of $35.1 million ? exceeding mid-quarter target by $2 million
Non-GAAP net loss of $(0.04) per share ? in line with target
GAAP net loss of $(0.31) per share versus $(0.40) per share net loss in second quarter 2003
Proxim ORiNOCO Wi-Fi portfolio sales growth outpaces third quarter 2003 industry forecasts
SUNNYVALE, Calif., October 21, 2003 -- Proxim Corporation (Nasdaq: PROX), a global leader in wireless networking equipment for Wi-Fi and broadband wireless, today announced financial results for the third quarter and nine months ended September 26, 2003. Total revenue for the third quarter of 2003 was $35.1 million, compared to total revenue of $24.1 million for the third quarter of 2002. Total revenue for the nine months ended September 26, 2003 was $109.9 million, which included license revenues of $6 million, compared to total revenue of $94.7 million for the nine months ended September 27, 2002. The 2002 financial results include: the results of the former Western Multiplex Corporation for the period from January 1, 2002 to September 27, 2002, the results of the former Proxim, Inc. from March 27, 2002 to September 27, 2002, and the results of the former Agere Wireless LAN Systems business from August 6, 2002 to September 27, 2002, in accordance with generally accepted accounting principles (GAAP) for accounting for business combinations.
Enterasys Networks Announces Settlement of 2002 Shareholder Lawsuits
ANDOVER, MA-- October 18, 2003--Enterasys Networks Inc. (NYSE: ETS) announced today that it has reached agreement to settle all outstanding shareholder litigation against Enterasys, its directors and former officers filed in connection with the Company's restatement of financial results for the 2001 fiscal and transition years. The settlements, which are subject to final court approval, do not reflect any admission of wrongdoing by Enterasys or its directors or former officers.
Revenues up 46%, Operating Income up 149% Over Third Quarter 2002
LONDON, UNITED KINGDOM, October 17, 2003 -- iPass Inc. (Nasdaq: IPAS), a leading virtual network operator enabling secure enterprise connectivity services around the globe, today announced financial results for its third quarter ended September 30, 2003.
IBM Announces CDN $720-Million Services Agreement With TD Bank Financial Group To Manage 40,000 PC?s And Network Infrastructure
ARMONK, NY, October 16, 2003 -- IBM announced today that it has signed a seven-year agreement with TD Bank Financial Group worth approximately CDN $720-million to manage the bank's desktop and network technology infrastructure.
Under the agreement, IBM will provide the desktop and network related services for more than 40,000 personal computers within TD Bank Financial Group and over 1,200 TD Canada Trust Branches. These services include the implementation of a state-of-the-art data network for rapid deployment of new financial services for the bank.