Telecoms ♦ news digest
Anadigics has reported third quarter 2011 net sales of $37.3 million.
This represents a sequential increase of 4.7% and a decrease of 39.2% from the third quarter of 2010. For the first nine months ended October 1, 2011, net sales were $116.3 million, a decrease of 25.7% over the prior year. GAAP net loss for the third quarter of 2011 was $10.0 million, or ($0.15) per share.
Maryland Broadband selects Infinera InP PICs
The firm’s indium phosphide optical networks will be deployed statewide and should increase competitiveness for businesses in Maryland.
Infinera and the Maryland Broadband Cooperative have announced the launch of a statewide optical transport network built with Infinera’s regional DTN and metro ATN platforms.
Maryland Broadband says it chose Infinera because of the simplicity, scalability and efficiency of Infinera’s solution.
As of October 1, 2011, cash, cash equivalents and short and long-term marketable securities totalled $100.6 million compared with $103.4 million at July 2, 2011.
Ron Michels, President and Chief Executive Officer commented, “Our revenue increased 4.7% sequentially driven by increased sales at key wireless OEMs, and we continued to make notable progress with the largest reference design partner on next generation product development. Additionally, we are expanding our served available market with new product introductions, including PADs, MMPAs and dual band PAs, which will be the driving force behind our future growth. I remain confident in our current strategy and I want to emphasise our commitment to re-establishing Anadigics as a technology leader in our industry.”
The Maryland Broadband Cooperative is an open-access, middle-mile fibre provider, offering its members high-capacity synchronous optical network, Ethernet and Internet services. Spanning more than 1,300 miles, Maryland Broadband’s network will enable service providers to offer high speed broadband services to businesses, healthcare facilities, educational institutions, public safety offices and residents in rural Maryland.
“Maryland Broadband Cooperative was created to contribute to the quality of life of rural Maryland and spur economic development by providing cost effective high speed internet services to underserved regions,” said Patrick Mitchell, President & CEO of Maryland Broadband.
“We looked at all the market leaders and Infinera’s solutions made the most sense - it’s reliable, simple to deploy and manage, and scalable to meet future growth in our network,” he continued.
“This is a great private-public partnership and I am excited Maryland Broadband Cooperative selected Infinera for this network,” added Peter Franchot, Comptroller, State of Maryland. “This network is important to the state in promoting economic development through the deployment of cutting edge technologies that improves communications and broadband access to rural areas of Maryland.”
“We are delighted to partner with the Maryland Broadband Cooperative on this project to bring broadband services to underserved communities,” said Tom Fallon, Infinera CEO. “Infinera’s DTN and ATN platforms enable scalable, simple and efficient
November/December 2011
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