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Report: Huawei to climb ranks this year

Light Reading reports that Chinese vendor Huawei is on track to become at least the fourth-largest telecom equipment vendor this year (in terms of revenue), potentially usurping its higher-profile western rivals.

Cisco earnings fall 21 percent but beat expectations

Cisco Systems said yesterday that earnings fell 21 percent in its latest quarter, but the profit comfortably beat Wall Street expectations amid signs that the market is stabilising, reports AP News.

Cisco forges ties with Chinese firms

Telecompaper reports that Cisco has signed framework agreements with China Telecom, China Mobile, China Construction Bank and others at the China-US Strategic Economic Dialogue held in Washington DC on 27 April.

Cisco gives mobile WiMAX backing to Clearwire

US WiMAX operator Clearwire received a major fillip yesterday, announcing that networking giant Cisco is to be its national IP NGN core infrastructure provider and will also supply mobile WiMAX devices targeting consumers and enterprises. Cisco’s move marks its first major push into the WiMAX space.

Cisco moves ahead with more layoffs

The Wall Street Journal reports that Cisco Systems laid off several hundred employees yesterday, as part of the company’s plan to control its costs amid declining sales.

Cisco sees ‘positive signs’ despite sales downturn

Networking giant Cisco has reported revenues of US$8.5 billion for its fiscal fourth quarter (ended 25 July), down 18 percent from a year earlier, while net profit fell to US$1.1 billion from US$2.0 billion a year ago, notes Telecompaper.

Cisco to buy Starent for US2.9B

Cisco yesterday announced it is buying mobile packet core specialist Starent Networks for US$2.9 billion (US$35 per share).