Webwire: Ericsson sued for $330m; Cisco Q2 profit grows 44%

Webwire: Ericsson sued for $330m; Cisco Q2 profit grows 44%

Staff writer
telecomasia.net
Ericsson is being sued for over $330 million by broadband network vendor Airvana networks, which is accusing Ericsson of stealing trade secrets and developing a “knock off” product based on Airvana technology.
 
Cisco lifted its Q2 profit 44% to $2.2 billion, and beat analysts' estimates with an 11% increase in revenue growth to $11.5 billion.
 
German researchers claim to have cracked the ETSI encryption algorithms - used to protect satellite transmissions from eavesdropping – in less than an hour, using open-source software.
UPI    
 
Huawei has won multi-million dollar contract to deploy the fiber equipment for Enable Networks' leg of New Zealand's ultrafast broadband (UFB) network. It is the vendor's second big win from the project.
 
Credit agency Standards and Poors has little faith of a turnaround in Japanese consumer electronics firm Sony’s earnings. The ratings firm has cut Sony’s long-term debt status to just two rungs above junk status.
 
Apple’s iPhone is being blamed for higher losses at US carrier Sprint, as the cost of subsidizing the device takes its toll. The operator lost $1.3 billion in 4Q11, compared to $929 million in 4Q10.
 
Analysts believe Facebook faces an uphill battle if it follows through with plans to re-enter the China market, as the homespun competition could be already saturating the market.
 
Samsung hopes to be able to sell at least 25 million internet-enabled televisions this year, the company announced while unveiling a model that can recognize voice commands and hand gestures.