Key Developments For Infinera Corporation
Infinera Corporation (INFN.O) (Nasdaq)
Infinera Corp. Issues Q4 2009 Guidance Above Analysts' Estimates-Reuters
Reuters reported that Infinera Corp. expects to post a loss of $0.08-$0.09 a share (EPS), excluding items, on revenue of $86-$88 million in the fourth quarter of 2009. According to Reuters Estimates, analysts are expecting the Company to report a loss of $0.10, excluding items, on revenue of $82.5 million for the same period.
Infinera Corp. Dives Into Submarine Market With Photonic Integration-Based Systems
Infinera Corp. announced that it is launching a new submarine solution to bring the benefits of photonic integration to the world of undersea networks. The new Infinera submarine solution is designed to bring enhanced capacity, new services, and Infinera's rapid speed of deployment to the world of subsea networks.
XO Communications Selects Infinera Corp.'s ILS2 Line System To Deploy Ultra-Long-Haul Nationwide Network Expansion
XO Communications announced its third nationwide network upgrade, which will more than double the capacity of the XO inter-city transport network. XO Communications has selected Infinera Corp.'s ILS2 line system to deploy the ultra-long-haul nationwide network expansion, which will deliver 160 wavelengths on a single fiber and create 1.6 Terabits/second (Tb/s) of additional optical capacity.
NTT Communications Selects Infinera Corp. for Tokyo Metropolitan IP Backbone Network
NTT Communications Corporation (NTT Com), a global provider of information and communications technology solutions, has selected Infinera Corp. for its new IP backbone network in the Tokyo Metropolitan area. The new network will leverage Infinera's Digital Optical Networks to deliver a broader range of services with greater speed and flexibility to Internet Service Providers.
Jagdeep Singh to Step Down as CEO of Infinera Corp.
Infinera Corp. announced that Chairman and Chief Executive Officer (CEO) Jagdeep Singh plans to step down as CEO on January 1, 2010 and become Executive Chairman of the Company and that Chief Operating Officer Tom Fallon will succeed Singh as President and CEO at that time.
