Marvell reported a more-than-expected 112 percent rise in profit, helped by strong demand from storage and networking companies, and said it expected its mobile business to pick up in the current quarter.
Marvell forecast first-quarter revenue between $870 and $910 million, which is above what the cocaine nose jobs of Wall Street predicted. Chief Executive Sehat Sutardja said that in his company’s first quarter, he was expecting some revenue and unit growth for our 4G LTE mobile platform from multiple customers. Marvell said results were not so hot in the mobile business in the fourth quarter as some customers delayed product launches.
The company, which also makes communications and processor products used in mobile phones, said net income doubled to $106.6 million, or 21 cents per share, in the quarter ended February 1 from $50.2 million, or 9 cents per share, a year earlier.
Revenue rose to $931.7 million, beating analysts’ estimate of $901.1 million.
Marvell’s biggest customer is Western Digital which reported better-than-expected quarterly results in January, citing strength in its gaming and notebook business.
The US and UK are stragglers when it comes to consumer broadband download speeds and appear far down in table rankings.
This puts the countries, swaggering authoritarian surveillance monsters that they are, rather low down on the satisfaction scale.
The ranking produced by Ookla is based on results from Speedtest servers, and is called the Net Index.
“Based on millions of recent test results from Speedtest.net, this index compares and ranks consumer download speeds around the globe,” is the explanation.
“The value is the rolling mean throughput in Mbps over the past 30 days where the mean distance between the client and the server is less than 300 miles.”
Hong Kong takes pole position and it is credited as having download speeds in the area of 71.03 Mbps. There is a big drop of around 20 Mbps down to Singapore in second place with 52.85 Mbps and third is Romania, where speeds are 50.82 Mbps.
You have to look a long way down the list before arriving at the UK, which is in 25th place. Here, or there depending on where you live, consumers get a rather meagre sounding 23.55 Mbps.
The United States weighs in at 31st place and has download speeds of 20.77 Mbps. This puts it below the UK, Germany, Estonia, Hungary, Greece and 25 others.
Closer to home the European Commission has published its report on Broadband Coverage in Europe (2012) and reveals progress on broadband coverage targets. It found that while broadband has improved, it could be faster.
A federal judge denied Marvell’s request to declare a mistrial in a patent infringement case in which a jury awarded $1.17 billion in damages to Carnegie Mellon University.
Carnegie Mellon sued Marvell in March 2009 over patents issued in 2001 and 2002 related to how accurately hard disk-drive circuits read data from high-speed magnetic disks. The suit involved nine Marvell circuits which incorporated the patents, and that the infringement let the Bermuda outfit blog billions of chips with its tech on board.
The damages award in December 2012 was one of the largest by a US jury in a patent infringement case. Marvell asked the judge to declare a mistrial and it claimed that Carnegie Mellon’s lawyer made improper, misleading and prejudicial comments during closing arguments that “inflamed” the jury.
US District Judge Nora Barry Fischer in Pittsburgh federal court disagreed and said that Marvell was trying to do what it could not do at trial convince the court to throw out this case and have another crack at it. Marvel has said that it will appeal so this case will run and run.
Cisco reportedly has hired Barclays to find a buyer for its Linksys business.
Cisco bought Linksys back in 2003 to get into the consumer networking business and the firm has put out some good products, most notably the WRT54G wireless router that was a favourite with technology savvy punters. Now Cisco is looking to offload Linksys as it continues to pull back from the consumer networking market.
Cisco has been cutting jobs and products such as the Flip video camera, as it wants to get back to the high margin enterprise networking business. Back in 2003, Cisco paid $500m for Linksys and got access to an established business that focused on producing consumer network equipment.
A decade later, it is being reported that Cisco will be lucky to get its $500m back. Cisco has been pulling out of its failed attempt to get into the consumer market and is now focusing on flogging both network infrastructure hardware and servers, though it is widely expected to be hit hard as software defined networks become more popular.
Unlike Cisco’s core enterprise business, Linksys products typically have low margins, and with its parent firm’s slowing sales growth, it is not surprising Cisco wants to offload it. Bloomberg’s sources said Cisco might find interest in buying Linksys from television makers, though they wouldn’t provide any more details.
Huawei has replied to US rival Cisco after the networking firm made allegations about the Chinese company relating to a lawsuit between the two firms.
The case dates back to 2003 and relates to the alleged theft of source code by Huawei from Cisco for use in its networking products. The case was settled confidentially out of court.
Cisco complained about what it saw as a willful distortion of the facts of the case after Huawei’s chief representative in the US, Charles Ding, claimed the outcome was that Cisco stood down over its allegations.
In response, Cisco released excerpts from a report by an independent analyst that was used to form the basis of a settlement, which Cisco said proved Huawei had used its source code in its products.
However, in a statement sent to The INQUIRER, Huawei said it was “disappointed with the continued rhetoric from Cisco” and claimed there was no basis to its argument.
“With respect to the lawsuit which took place about 10 years ago, the fact is the court dismissed the case, upon a joint stipulation of the parties, after the neutral expert’s review. This shows Cisco’s present allegations have no merit,” it said.
Furthermore, the firm also said it didn’t believe Cisco had the right to report elements of the review.
“We don’t think Ding violated the agreement between Cisco and Huawei, which had a negotiated confidentiality provision in it,” it said. “Cisco’s general counsel’s selective and misleading cropping of a confidential report from the Neutral Expert may have violated that provision.”
Huawei added that it would consider releasing more information on the case, though, in an effort to paint a more complete picture of the case.
“However, since Cisco has put selected snippets into the public domain, the truth may require that more than carefully selected quotes be put in the public record. Huawei is exploring the best way to accomplish that goal,” it said.
The enthusiastic backer of Enron and serial over charger of mortgage payers, JPMorgan Chase has just splashed out on a new $500 million data center.
CEO Jamie Dimon announced the move which practically everyone in the IT industry finds a bit strange. While Chase is the US’s largest bank, the new facilities are a little big by anyone’s standard. It is about the same about of money that Google and Microsoft in their largest data centres for their cloud networks.
Dimon cited the figure as one of the advantages of being a big size. It can afford to invest cash in this way. Size lets Chase build a $500 million data centre that speeds up transactions and invest billions of dollars in products like ATMs and apps that allow your iPhone to deposit cheques, he enthused.
JPMorgan Chase operates two large data centres in Delaware and a 400,000 square foot facility. It also acquired data centres in its deals for distressed rivals Bear Stearns and Washington Mutual in the early days of the 2008 financial crisis. So why it needs a huge new one is anyone’s guess.
Network equipment maker Cisco Systems said on Monday that it plans to eliminate about 1,300 jobs as part of ongoing efforts to restructure the company.
“We are performing a focused set of limited restructurings that will collectively impact approximately 2 percent of our global employee population,” the company said in an emailed statement.
These actions are part of a continuous process to simplify the company and assess the economic environment in certain parts of the world, it said.
Cisco had 65,223 employees at the end of its fiscal third quarter, according to its website.
Cisco last year started a plan to cut expenses by $1 billion in an effort to make the company leaner and more efficient.
Marvell has shed some light on its new Avastar 88W8897 802.11ac low power WiFi chip. In addition to up to 867Mbps of WiFi transfer throughput, the new chip also integrates Bluetooth 4.0, near field communications (NFC) as well as Wi-Fi certified Miracast and integrated location engine. Aimed at notebooks, ultrabooks, tablets, gaming consoles and smart TVs, the new Avastar 88W8897 is expected to show up in various devices around this time next year.
The implementation of 802.11ac standard and Bluetooth 4.0 in the same chip is not something that we have not seen so far, but with NFC, it is certainly becomes a quite interesting chip. As noted, the new Avastar 88W8897 will feature 867Mbps of transfer throughput which is not as fast as we are other chip manufacturers but still faster than 802.11n. Marvell reckons that 802.11ac is still young but should become a big thing as of next year.
Marvell also claims that the Avastar 88W8897 SoC offers the highest level of integration available enabling a rest of bill of materials footprint reduction of 40 to 50 percent and cost reduction of 75 percent when combined to previous wireless solutions. The Wi-Fi certified Miracast, expected to be certified later this year, 802.11ac transfer speeds and Marvell’s dynamic rapid channel switching (DRCS) technology will allow users to stream video from a smaller device like tablet to a larger display while simultaneously surfing the net without losing the connection in 2.4GHz. The last, but not least, is the integrated location engine that enables accurate indoor positioning by implementing 802.11v time of flight protocol inside the hardware.
Cisco released an API at the Interop 2012 Conference this week for its branch routers designed to enable third-party developers to write applications to beef up the security of phone calls over the router network.
The Cisco UC Gateway Services API is a Web-based programming interface that allows customers and developers access to call information over a Cisco ISR G2 router at the edge of a voice network, such as signaling and media. This information can be used to detect and help prevent malicious activity such as social engineering and identity theft scams, contact center account takeover fraud, unauthorized network and service use, and denial-of-service attacks.
Applications written to the API can then apply appropriate action to terminate, redirect or record the call.
Cisco, citing data from the Communications Fraud Control Association, says global telecom fraud losses are estimated to be $40 billion annually.
Comcast has begun the production rollout of its new IPv6 service, with 100 customers upgraded in San Francisco’s East Bay in one week.
IPv6 is an upgrade to the Internet’s main communications protocol, which is called IPv4. IPv6 features an expanded addressing scheme that can support billions of devices connected directly to the Internet at faster speeds and lower cost than IPv4, which is running out of addresses.
Comcast began an IPv6 trial 18 months ago and is a leader in the deployment of IPv6-based services among U.S. ISPs.
The production rollout began on Oct. 31. It offers customers “native dual-stack service,” which means Comcast is supporting both IPv6 and IPv4 services.
The initial subscribers of Comcast’s production-quality IPv6 service have stand-alone computers running Microsoft Windows 7, Windows Vista or Apple Mac OS X that are connected directly to a Comcast cable modem. Comcast plans to support IPv6 for customers with home routers at a later date.