Webwire: Airvana sues Ericsson; Cisco profit beats estimates
Airvana Networks is suing Ericsson for $330 million, accusing its rival of stealing trade secrets by developing a product based on Airvana technology.
Cisco lifted its fiscal 2Q12 (calendar 4Q11) profit 44% to $2.2 billion (€1.6 billion), and beat analysts' estimates with an 11% increase in revenue $11.5 billion.
Credit agency Standard & Poor’s 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 (€977 million) in 4Q11, compared to $929 million in 4Q10.
German researchers claim to have cracked the ETSI encryption algorithms - used to secure satellite phone calls.
Huawei has won its second fiber contract in New Zealand’s planned ultrafast broadband network. The Chinese vendor is deploying equipment to Enable Networks, which operates in Christchurch.