Key Developments For Network Equipment Technologies, Inc.
Network Equipment Technologies, Inc. (NWK.O) (Consolidated Issue listed on NASDAQ Global Market)
Network Equipment (dba net.com) Announces Departure Of CFO
Network Equipment (dba net.com) announced today that John F. McGrath, Jr., Vice President and Chief Financial Officer (CFO), is leaving the Company to pursue other opportunities. David Wagenseller, Vice President and Controller, will be the Company's acting CFO.
Network Equipment (dba net.com) And Tango Networks Join Forces To Deliver Mobility For Unified Communications
Network Equipment (dba net.com) and Tango Networks announced a strategic sales and product-solution partnership. The partnership has two major components. Under the first component, the Company will offer Tango's Abrazo e fixed-mobile convergence (FMC) solutions to its enterprise and government customers, channel partners and carriers, globally, as a reseller. The second component enables the Company to integrate the Tango Abrazo eFMC solution into future the Company products to provide a single-box solution supporting mobility for unified communications and voice systems.
Network Equipment (dba net.com) Issues Q3 2010 Revenue Outlook Below Analysts' Estimates-Conference Call
Network Equipment (dba net.com) announced that for the third quarter of 2010, it expects revenue to decline sequentially 10% to 20%. The Company reported revenue of $19.76 million in the second quarter of 2010. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $23 million for the third quarter of 2010.
Network Equipment Co Issue H1 2010 Revenue Guidance-Conference Call
Network Equipment announced that for first half of 2010, it continue to expect the revenue to increase 15% to 20% over the first half of fiscal 2009.
Network Equipment (dba net.com) Selects Japan Distributor To Deliver Unified Communications Networks
Network Equipment (dba net.com) announced that it has selected Sumitomo Shoji Machinex (SMX), as its premier Japanese distribution partner to facilitate the expansion of the Company's existing partner networks. SMX is owned by the Sumitomo Corporation Group and provides optimal business solutions in the areas of machinery, telecommunications, electronics and building services. The Company selected SMX for their ability to efficiently deliver UC solutions to channel reseller partners, as well as their extensive knowledge, skills, and expertise in the communications industry.
