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Tag: networks
Juniper Networks to cut 6% of global workforce
2014-04-03 08:29:00| Telecompaper Headlines
(Telecompaper) Juniper Networks announced further details of its planned restructuring, including a 6 percent reduction in its workforce. In a SEC filing, the company said the "integrated operating plan", or IOP, is aimed at focusing Juniper on high-growth segments and right-sizing certain functions. The majority of the headcount reductions are immediate, and a significant proportion are middle management positions. The company estimates cash severance costs at around USD 35 million in the first quarter of fiscal 2014. To improve its portfolio, Juniper is also ending development of the application delivery controller technology licensed in July 2012. This will result in an impairment charge of USD 85 million in Q1, but will have no impact on revenues. In addition, the company expects to record other non-cash asset write-downs of approximately USD 10 million in the first quarter. Additional actions and restructuring charges are expected to be taken in the second quarter and the balance of fiscal 2014, including facilities consolidations, marketing program reductions, and other asset restructures. This will result in the future disposal of around 300,000 square feet of leased facilities, representing 12 percent of Juniper's global facilities square footage. The cost of consolidating facilities is expected to be USD 70 million over the full year. Additional restructuring charges of around USD 20 million are expected later in fiscal 2014.
Tags: global
cut
networks
workforce
Lightower Fiber Networks Chooses NetCracker To Help Meet Aggressive Growth Goals And Customer Demand
2014-04-03 06:14:27| fiberopticsonline Home Page
NetCracker Technology announced recently that Lightower Fiber Networks will upgrade to NetCracker 9.0 in order to improve its network resource visualization and accelerate network planning for its high-performance networking solutions
Tags: customer
meet
growth
networks
Aurora Networks Introduces Double-Density 1310 nm Transmitter System
2014-04-03 06:08:14| fiberopticsonline Home Page
Aurora Networks, A Pace Company and a leading developer and manufacturer of advanced, next-generation Optical Transport and Access Network solutions for broadband networks that support the convergence of video, data and voice applications, recently unveils its HT3300H Series Double-Density 1310 nm Transmitter System
Tags: system
networks
introduces
aurora
Arista Networks Expands Cloud Platform With New 100 Gigabit Options
2014-04-03 05:31:32| fiberopticsonline News Articles
Interop Booth #1151 - Arista Networks recently announced two new 100GbE modules that, with Arista EOS, provide scalability, multi-tenancy, and network virtualization through open and programmable overlays, helping customers achieve seamless workload and VM mobility
Tags: options
networks
platform
cloud
Arista Networks files for IPO
2014-04-01 09:15:00| Telecompaper Headlines
(Telecompaper) Arista Networks, a competitor of Cisco in the cloud networking market, has filed for an initial public offering of shares. Since shipping its first products in 2008, US-based Arista has focused on its Linux-based Extensible Operating System and applications for cloud network management. It also offers 10/40/100 Gigabit Ethernet switches for the data centre market. Arista counted 2,340 customers at the end of 2013, mainly large internet companies such as Facebook, Microsoft and Yahoo as well as major banks and media groups. The company's sales jumped to USD 361 million last year from USD 193 million in 2012, and net profit more than doubled to USD 42 million. Arista plans to list on the New York Stock Exchange. For the purposes of the SEC filing fee, it estimated proceeds of the IPO at USD 200 million. Further details of the IPO were not disclosed. Arista said it did not have specific plans for the proceeds of the share sale, and the IPO was aimed more at creating a public market for its stock and financial flexibility. The company's main shareholders include its founders David Cheriton and Andy Bechtolsheim.
Tags: files
networks
ipo
arista
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