FirstNews Briefs for February 28, 2012
• Motorola Solutions said Sunday it is buying back $1.16 billion of its stock from investor Carl Icahn as part of its $3 billion stock repurchase program. As part of the deal, Vincent Intrieri, who holds positions with several of Icahn's investments, has resigned from Motorola Solutions' board of directors. Motorola purchased 23.7 million shares for $49.15 apiece, a slight premium from its Feb. 27 opening price of $48.82.
• Wi-Fi specialist Ruckus Wireless has landed $21.7 million in new funding, bringing its total financing to $72.7 million since the company's formation in 2004. The round was led by two new investors, Meritech Capital Partners and SingTel Innov8. Ruckus also added two industry heavyweights to its board of directors, former Verizon Communications Chief Technology Officer Dick Lynch and former Ericsson executive Georges Antoun.
• Qualcomm says its new Gobi chipsets will be the first to support HSPA+ Release 10 and LTE Advanced. The silicon comes with improvements in performance and power consumption. They will be available for sampling during the fourth quarter of this year.
• Polaris Networks says its new NetEPC network architecture will make it easier for regional wireless operators and public safety agencies to deploy LTE. NetEPC combines the functions of the evolved packet core, including the mobile management entity, serving gateway and packet data network gateway. It is specifically designed to support single cell deployments for military or disaster response.
• Aylus Networks has come out with a new platform that allows users to post live video streams from their smartphones to social media sites like Facebook and Twitter. The phones don't have to be equipped with rich communication services, but the technology will still work if they are.
• Sandvine says ClearSky Technologies and Nex-Tech Wireless are using its network policy control solution. The technology allows companies to tailor data plans beyond basic usage quotas with device-specific add-ons such as unlimited email, web browsing, social networking, BlackBerry service and unlimited smartphone tethering.
• Dell has come out with new servers for telecommunications companies. The equipment is NEBS-complaint, meaning it conforms with network equipment building systems standards, which help ensure technology can keep running during earthquakes, floods and other natural disasters.
• Rovi Corporation, which specializes in cloud-based content discovery and management solutions, yesterday made a couple of announcements at MObile World Congress (MWC). The company revealed that the Rovi Entertainment Store, an end-to-end, white-label solution for entertainment storefront creation and management, powers the new Video Store movie service on RIM's Blackberry Playbook. Additionally, Rovi said Pantech's new Pantech Element tablet has achieved DivX HD certification.
• Aepona, the cloud platform and network services provider, announced today that the Small Cell Forum (formerly the Femto Forum) has selected the company to provide the reference implementation platform for its recently-announced Developer API Initiative. Aepona also announced the launch of its new Services Aggregation and Merchandizing (SAM) platform, which provides a suite of service lifecycle management tools that enable service providers to aggregate, merchandize and deliver a range of cloud services, enterprise applications, physical goods and value-add products and services.