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Archive for October 14th, 2009
Savvis Selects Compellent for High Performance Virtualized Storage for Next-Generation Cloud Platform
ST. LOUIS, Oct. 13 /PRNewswire-FirstCall/ — Savvis, Inc. (Nasdaq: SVVS), a global leader in outsourced Internet infrastructure services for the enterprise, today announced that it has selected Compellent Technologies, Inc. (NYSE: CML), a leading provider of enterprise-class network storage solutions, to provide the virtualized storage platform underpinning Project Spirit, Savvis’ next-generation cloud infrastructure platform. more
LOCAL TELECOMMUNICATIONS COMPANY RECEIVES AUTHORIZATION TO BUILD THE FIRST FIBER OPTIC CABLE FROM THE US TO CUBA
LOCAL TELECOMMUNICATIONS COMPANY RECEIVES AUTHORIZATION TO BUILD THE FIRST FIBER OPTIC CABLE FROM THE US TO CUBA
MIAMI, FL — October 12, 2009 - TeleCuba Communications, Inc. (”TeleCuba”) announced today that it has been granted licenses by the U.S. Government, Department of the Treasury (”OFAC”), to install the first of its kind direct fiber optic subsea cable between Key West, Florida and Havana, Cuba. The announcement comes in the wake of the Obama Administration’s removing of many of the telecommunications restrictions mandated by the embargo. “The Cable will be about 110 miles with a cost of approximately 18 Million Dollars” - says Luis Coello, President and CEO”. more
ADTRAN, Inc. Reports Results for Third Quarter 2009 and Declares Quarterly Cash Dividend
ADTRAN, Inc. Reports Results for Third Quarter 2009 and Declares Quarterly Cash Dividend
HUNTSVILLE, Ala., Oct 13, 2009 — ADTRAN, Inc. (NASDAQ:ADTN) reported results for the third quarter of 2009. Sales were $128,062,000 for the quarter, compared to $137,195,000 for the third quarter of 2008. Net income was $21,583,000 for the quarter, compared to $22,411,000 for the third quarter of 2008. Earnings per share, assuming dilution, were $0.34 for the quarter, compared to $0.35 for the third quarter of 2008. more
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