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Business 2012 P

  • 11/07/2012 -- Ericsson to slash Swedish workforce
    Ericsson (NASDAQ:ERIC) today has given its Swedish employees notice that it will shrink its headcount in its home country by approximately 1,550 people – just under 9% of its 17,768 Swedish employees as of September 30. The workforce reduction will touch “all job areas,” the company says, including sales, general and administration, research and development, supply, and service delivery.
  • 07/17/2012 -- Ovum: Global service provider switching and routing sales to hit $15.4B this year
    The global service provider switching and routing (SPSR) market may not have gotten off to a good start this year, but should right itself by the end of this year, according to market research and consulting firm Ovum. SPSR sales should grow 4.4% to $15.4 billion this year, according to Ovum’s “Market Share Alert: 1Q12 SP Switching & Routing.”
  • 07/02/2012 -- Tellabs CEO Pullen dies from cancer
    Tellabs CEO Rob Pullen died today of cancer, company Chairman Mike Birck revealed in a letter to stockholders, customers, employees, and others.
  • 05/15/2012 -- ElectroniCast: APAC drives growth in fusion splicer market
    ElectroniCast Consultants has released a new report covering the worldwide market for fiber-optic fusion splicers. The report provides a review of 2011 and a five-year forecast (2012-2016) of the use of fusion splice machines – specialized instruments used to join optical fibers to each other.
  • 03/19/2012 -- Zayo Group to acquire AboveNet
    Zayo Group, LLC has announced its plans to acquire fellow communications services provider AboveNet, Inc. (NYSE: ABVT) for approximately $2.2 billion. The boards of both companies have approved the agreement, Zayo and Abovenet say.
  • 04/02/2012 -- Confident Oclaro, Opnext savor future
    One anticipates the participants in any announced merger will publicly express confidence in the results of the deal. But when it comes to the recently announced Oclaro and Opnext merger, such anticipation might be exceeded.
  • 05/03/2012 -- Infonetics pegs optical transceiver sales at $3.3 billion in 2016
    Growth in 100-Gbps, tunable, and SFP+ optical modules points toward an overall expansion of the optical transceiver market, according to Infonetics Research. The market research firm expects the optical transceiver market to be worth $3.3 billion, according to its newly released 10G/40G/100G Optical Transceivers Market Size and Forecast.
  • 07/17/2012 -- Insight Research: Spending on Carrier Ethernet services will hit $5B in 2012
    US enterprises and consumers are expected to spend more than $47 billion on Ethernet services provided by carriers over the next five years, according to new market analysis from The Insight Research Corp.
  • 07/24/2012 -- Infonetics: Ethernet, IP MPLS VPN services top $81B by 2016
    Infonetics Research says that demand for cloud services and an overall increase in data traffic will boost the market for Ethernet and IP MPLS virtual private network (VPN) services to beyond $81 billion by 2016. The market research firm makes the prediction in its newly released 2012 Ethernet and IP MPLS VPN Services report.
  • 07/24/2012 -- Oclaro, Opnext merger completed
    Optical component and subsystem vendors Oclaro, Inc. (NASDAQ: OCLR) and Opnext, Inc. (NASDAQ: OPXT) have closed their planned merger, creating the second largest supplier of optical communications components, modules, and subsystems, behind Finisar. The deal, which hit a temporary snag when Oclaro had to work overtime to receive shareholder approval to issue new stock to foot the bill, closed this past Monday, July 23, the companies say.

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