YOKNEAM, Israel -- EZchip Semiconductor Ltd. (NASDAQ: EZCH), a leader in Ethernet network processors, today announced its results for the fourth quarter and full year ended December 31, 2011.
Eli Fruchter, CEO of EZchip, commented, “2011 was a transition year for EZchip: a transition to Cisco as our largest customer, to NP-3 as our largest revenue generator and to NP-4 becoming our fastest growing product ever, accounting for 21% of 2011 revenues with over 90% related to sample shipments. NP-5 is well along in its development cycle and leading tier-1 customers have selected to continue the EZchip path with the NP-5. We believe that substantially all NP-4 customers will select the NP-5 for their next generation platforms. We are making good progress with our new product development in Kiryat Gat and we believe that we are building an extremely competitive, strongly differentiated product that will open a new market for EZchip and more than double our total addressable market. On the financial side in 2011, excluding our largest NP-2 customer (which declined 40% year over year), EZchip’s revenues grew over 30% in a challenging year with global economy worries. We were also able to grow our gross margin and net income during the year.
“Looking ahead, we believe that the NP-4 can significantly increase our revenues in the coming years based on more platform wins, higher ASP and the forecasted demand. In the shorter term, we expect continued growth in 2012, mainly in the second half of the year when all NP-4 based systems are likely to be in production and when carriers are expected to resume strong investments in Internet infrastructure.”
SAN JOSE, Calif. -- Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate, today reported its second quarter results for the period ended January 28, 2012. Cisco reported second quarter net sales of $11.5 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.2 billion or $0.40 per share, and non-GAAP net income of $2.6 billion or $0.47 per share.
"We delivered strong performance this quarter with record revenue and earnings per share," said John Chambers, Cisco chairman and CEO. "We are executing well on our three-year plan to drive earnings faster than revenue. Our operational focus continues to yield positive results -- we hit our billion dollar expense reduction a quarter early -- and our ongoing innovation enables our customers to solve their critical business needs. You will continue to see a focused and aggressive Cisco that is helping our customers use intelligent networks to transform their businesses."
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(Reuters) - AT&T Inc (T.N) and China Telecom Corp Ltd (0728.HK) have agreed to expand their relationship in China and the United States and will look into supporting each other in other regions.
AT&T said on Wednesday that the agreement would expand its services for business customers in China and that the companies would consider jointly developing services, including video conferencing and managed hosting.
They will also look at working together in other regions, according to AT&T, but it did not provide details.
China Telecom said it will be able to improve its services to Asian customers in the United States by using AT&T's network there for the first time in the expanded agreement.
MSO service providers can deploy cost-effective commercial services and mobile backhaul applications
Motorola Mobility has introduced a new, expanded product line of Carrier Ethernet offerings, which the company says will satisfy the diverse business services and mobile backhaul needs of the MSO market.
Motorola's new Carrier Ethernet portfolio consists of a number hub-based aggregation switches/routers, customer premises based demarcation products, an Ethernet Service Management platform, and an innovative 10 Gbps Carrier Ethernet switch designed for deployment in the Fiber Node.
With the new Carrier Ethernet product line, MSO service providers can deploy cost-effective commercial services and mobile backhaul applications and it offers "one-stop shopping" which offers service providers quality Carrier Ethernet products at competitive price points, enabling MSO service providers to continue to expand their share of the lucrative Ethernet business services market.