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BUSINESS BRIEFS.(TO THE POINT)
DIVERSIFIED
Lancaster Q1 profit missed views
The maker of food, glassware, candles and auto gear earned 56 cents, up a penny from last year but 8 cents below views. Lancaster Colony blamed weak demand. Sales rose 4% to $275.8 mil on gains in its auto and foods units. The firm will shift glass manufacturing from Indiana to Oklahoma, displacing about 240 employees. Lancaster tumbled 9, or 20%, to 36.45.
ABB in asbestos settlement talks
The reeling Swiss industrial firm expects to pay the sum of its Combustion Engineering unit's assets, $812 mil as of Sept., plus $300 mil more over time. That's far less than many feared. The deal needs an OK from 75% of plaintiffs. It's already paid claimants $865 mil. Also, Moody's downgraded ABB's debt to junk.
TELECOM
Verizon seen starting data service
- Massachusetts-Based Telecom Gear Maker Telica Closes $60 Million Venture Round.
- Newspaper article from: Knight Ridder/Tribune Business News January 14, 2002 700+ words
...announce later this winter that a big-name multinational telecom gear maker he would not immediately identify has agreed to resell...Wall Street sentiment turns back in favor of the battered telecom-gear sector. To see more of The Boston Globe, or to subscribe...
- Intel Puts Solaris on Telecom Gear.
- Newspaper article from: Linux Gram July 23, 2007 700+ words
...grade rack-mounted servers that are NEBS Level 3- and ETSI-compliant and blades that meet the ATCA spec, in other words telecom gear. Intel says the new Carrier Grade Rack Mount Server TIGW1U is that first such Intel box to support both Linux and Solaris...
- A federal grand jury is investigating whether Qwest Communications...
- Magazine article from: Telecom Asia November 1, 2003 700+ words
...A federal grand jury is investigating whether Qwest Communications International improperly made deals with small telecom-gear suppliers. The grand jury is looking into small equipment companies' practice of awarding so-called friends...
- Telecom-Gear Maker Ciena to Shut San Jose, Calif., Facility.
- Newspaper article from: Baltimore Sun (Baltimore, MD) April 21, 2004 700+ words
Byline: William Patalon III Apr. 21--Ciena Corp., the locally based maker of telecommunications-networking gear, said yesterday it is shutting down its San Jose, Calif., engineering facility on Sept. 30, a move that will save millions while costing 425 workers their jobs. The company will shift the
- Global telecom gear market to expand 33%.(INSIGHT: ONE MONTH'S TELECOM RESEARCH)
- Magazine article from: Telecom Asia June 1, 2006 700+ words
Telecom and datacom equipment revenue worldwide is seen growing 33%, from $107.9 billion in 2005 to $145.5 billion in 2009. An Infonetics report states that while wireless broadband and mobile radio equipment are the biggest revenue contributor now, sales will slow down this year as operators shift
- Makers of Telecom Gear to Benefit from New Fiber-Optic Standards.
- Newspaper article from: Knight Ridder/Tribune Business News June 20, 2003 700+ words
By Diwata Fonte, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News Jun. 20--The recent agreement by the country's three largest local telephone companies to streamline the construction of super-fast Internet connections to homes could give a boost to equipment makers
- United States: Mobile telecom gear market fell 12% in Q2-Dell Oro.
- News wire article from: TendersInfo September 1, 2009 700+ words
Byline: Mamta03 The mobile telecom equipment market shrank 12 percent in April-June from a year ago, as declines in the GSM market outweighed strong growth in 3G equipment sales, researcher Dell'Oro said on Monday. The telecoms equipment market has seen cutthroat competition for new business during
- Linthicum, Md.-based telecom gear maker's shares surge 25 percent.
- Newspaper article from: Knight Ridder/Tribune Business News December 10, 2004 700+ words
By William Patalon III, The Baltimore Sun Knight Ridder/Tribune Business News Dec. 10--Ciena Corp. shares jumped nearly 25 percent yesterday after the battered maker of telecommunications gear reported better-than-expected results for its fiscal fourth quarter -- and said first-quarter sales would