In Today’s Industry News Report: Cisco Sales Up but Plans to Cut Costs and Jobs; The mobile ecosystem rating system attracts three more operators; European commissioner presses Twitter to get his house in order; and more.
Cisco In good health, it seems. The networking technology giant reported a 6% year-over-year rise in fiscal first-quarter revenue to $13.6 billion and an operating profit increase of 3% to $3.5 billion, and expects full fiscal year sales to increase 4.5% and 6.5% compared to 51.6 billion that it made in its previous fiscal year, which ended in July 2022. This sales forecast for the year was up slightly from its previous forecast and was met positively by investors, who would have also liked the news that Cisco is cutting its expenses by $600 million annually from During a restructuring that will result in the loss of an unspecified number of jobs: The company’s share price rose more than 3.5% in pre-market trading Thursday, to $45.97. “We got fiscal 2023 off to a good start, posting the largest quarterly revenue and second highest non-GAAP quarterly earnings per share in our history,” CEO Chuck Robbins said. “These results demonstrate the importance of our strategy, our outstanding innovation, and our unique position to help our customers become more agile.” Tell that to the employees of the profitable company who are on the verge of losing their jobs during the economic downturn…
holding on Cisco, There is talk that it may be about to make a major acquisition. Seasoned industry commentator Scott Rinovich, founder and principal analyst at Futuriom, has heard about two possible M&A targets for the networking giant: splink And the hashcorp. To find out more, check out This article.
The consumer cell phone ecosystem is gaining popularity and expanding. Three more operators have joined the scheme for a total of eight: Which (the consumer arm of BT), Portugal NOS and Belgium next one It has signed up for the Eco Rating labeling program initiated by Deutsche Telekom, Orange, Telefónica (under the brands O2, Movistar and Vivo), Telia and Vodafone last year. The scheme now also supports 22 device manufacturers. Geographically, the scheme, which originally included 24 European countries, has now expanded to 35 countries across Europe, Africa, Latin America and the Asia Pacific region. The scheme’s average environmental rating was introduced just 18 months ago, and has already improved as phone manufacturers adapt their designs and processes to meet the demands of consumers and the concerns of operators who are increasingly aware of the importance of their sustainability and environmental credentials. As of today, the average environmental rating is 74 out of a possible 100, up from the 72 recorded at the end of 2021. In Europe, the relationship between mobile operators and manufacturers is particularly strong and both sides want it to remain that way: it is in their mutual interest , hence the high levels of collaboration. The scheme is designed to help consumers compare the environmental impact of mobile phones and thus enable them to make more environmentally conscious “green” choices. The environmental assessment provides consistent and accurate information, both at the retail and online level, on the environmental impact of the production, use, transportation and disposal of smartphones and feature phones, and provides a snapshot of the total environmental footprint. It has also developed standards to promote carbon efficiency and reduce e-waste, such as alternatives to plastic packaging, improved device durability, extended warranties and longer maintenance support. Eco Rating has launched a new database at www.ecoratingdevices.com so that users can compare scores for rated devices from participating suppliers: it covers aspects such as brand, model and scores. And in January 2023, a new, more detailed methodology for scoring results will be introduced.
We continue to monitor the chaos Twitter With the news that Margarethe Vestager, Executive Vice President of the European Commission and The Competition Commissioner took a close look at Elon Musk’s $8 per month Twitter Blue Verification subscription model and declared it “completely flawed”. A spokeswoman in Brussels, Belgium, said: “If you have quack accounts… your business model is fundamentally flawed. If you’re going to pay to be examined and certified as who you are and everyone can be you… that business model is simply completely flawed.” “. Vestager’s comments will reinforce EU concerns that Musk is playing fast and loose with European regulations and will have to comply with recently strengthened legislation to identify and punish misinformation and online impersonation and policing, and ensure that the privacy and security of users of social media platforms are protected. The Digital Services Act (DSA), which came into force yesterday, is an updated and strengthened iteration of the European Union’s e-commerce directive that regulates illegal content, transparent advertising, and misleading information. The landmark legislation mandates safer and more accountable online environments, includes digital services that connect consumers with goods, services or content and creates sweeping new commitments for online platforms to minimize harm and address online risk and crime. To this end, it provides stronger protection of users’ online rights, and places digital platforms under strict new requirements for transparency and accountability. The DSA was designed to be “the first regulatory toolbox of its kind” that “sets an international standard for a regulatory approach to online brokers.” Twitter will have to rest on its laurels as it scrambles to introduce the “rock” boosted blue verification badge by November 29th. If it was against EU laws, there would be a problem. Meanwhile, back in Twitterland, as the Twitter Blue Verification saga continues to unravel, Musk receives another media rout after it emerges that he knowingly submitted a photo with two fake employees (i.e. scammers selling fake news) who lied about it. Musk fired them and then rehired them when he realized he made a mistake. While Musk was in reality wielding an ax and sacking half of Twitter’s real workforce, two clowns wearing (fake) Twitter employee badges identifying them as Rahul Legma and Daniel Johnson were outside Twitter’s San Francisco headquarters telling anyone who would listen that they were engineers who had just had their boot order. . In fact, the couple had never worked with Twitter, but Musk somehow heard about their hilarious banter, and invited them to take a picture of them in front of the giant Twitter logo. He also tweeted: “Welcome back to Ligma & Johnson! It’s important to admit when I’m wrong and firing them was truly one of my biggest mistakes.” How thousands laughed redundantly. What a card the richest man in the world has – sensitive and considerate to fault. his fault. As one tweeter wrote: “The irony of firing people while you’re firing tells us all about exactly what kind of boss you are.” As if we don’t already know. Ligma Johnson, by the way, is the bonus line to one of the more pathetic cliched teen jokes: It’s the kind of thing that might make an 11-year-old, upon hearing it behind bike sheds, laugh a little. For everyone else, it’s just too childish to be embarrassing.
EricssonAnd the Nokia And the Huawei Among telecom technology vendors “best at helping telcos drive sustainability initiatives,” 81 vendors were rated “unbiased” by ABI Research. “Sustainability initiatives were considered through two main dimensions: current implementation (the ability to measure impact), including global deployment of 5G networks and market share of equipment; and forward-looking impact, assessing innovation in technologies to reduce carbon emissions and waste, such as the use of next-generation silicon and integrating AI and machine learning (ML) to reduce the overall energy consumption of the equipment,” according to the research firm. The top 20 companies best positioned to help carriers, as measured by ABI, are Ericsson, Nokia, Huawei, ZTE, Samsung, Intel, Qualcomm, NEC, Mavenir, Cisco, Fujitsu, Rakuten Symphony, CommScope, Dell, AMD, IBM (Red Hat ) , VMware , Airspan , Parallel Wireless , and Schneider Electric . Read more.
After it was announced late Wednesday that board director Franck Cadoret had resigned, Telecom Italia (TIM) quickly followed through. a permit to indicate that Cadoret’s decision to step down”is motivated by personal reasons.” Cadoret’s resignation is very sensitive because he was appointed to TIM’s largest single shareholder, the French media and telecoms giant Vivendi, which was not engaging with the Italian operator’s management team on a number of issues, notably the valuation of the fixed access to the network that, if Everything went as planned, so it will be Unpacked and merged with its national rival, Open Fiber, in a deal brokered by the Italian government. But, this is not the first time that this deal has been threatened as there are influencers in the new Italian government who are in favor of fully re-nationalizing TIM and bringing it under state control. Cadoret’s decision to quit probably seemed like a sign that Vivendi was reacting to such suggestions… It’s never been a dull moment in the halls of TIM, it seems!
Brendan Carr, one of the FCC’s Republican commissioners, is urging the release of more wireless spectrum for commercial telecom services, just as he’s about to give up his right to do so: The FCC’s spectrum auction is set to expire on June 16. Dec. Speaking at what was described as a “fireside talk” hosted by the R Street Institute in Washington, D.C., but was in fact a stage interview during which Carr made his points live in front of his audience of gleaming steel and bright yellow faux leather The President, the commissioner advocated that the U.S. Congress should grant A swift extension to allow the regulator to continue auctioning the electromagnetic spectrum, adding that allowing that right to expire would be unacceptable. “We’ve never seen a lapse in this auction authority. We need to keep signaling the world and our private sector that we know what we’re doing, we qualify here, and you can count on a steady pipeline of American spectrum.” Carr agreed that Congress was right to give the independent FCC authority to auction spectrum given the authority’s long experience and technical expertise in all aspects of communications and regulation, and should continue to fully support it. He noted that President Biden earlier extended the powers of the FCC, and that the Spectrum Innovation Act, which passed the House of Representatives in July, would effectively extend the powers of the current FCC for another 18 months, so Congress needs to get busy ensuring the commission is not impeded by a misstep that can avoid it. The law also establishes a process for auctioning specific portions of spectrum currently set aside for federal use. It’s a complex business: The Office of Management and Budget must transfer certain funding to federal entities to plan activities related to spectrum reallocation and auctioning, while the National Telecommunications and Information Administration (NTIA) advises the Executive Office of the President, which is ultimately responsible for planning. Further, the Department of Commerce, having given full consideration to the planning decision, must select spectrum for auction, while the FCC must adopt rules for the use of selected spectrum and auction licenses. Meanwhile, federal authorities are extremely reluctant to turn over any of the Spectrum they now own, and are fighting a determined rear guard to keep what they have. The law also addresses the thorny issue of joint use of spectrum bands by both federal and non-federal users. Everything is a minefield. (Note. The R Street Institute is a nonpartisan think tank and one of its main areas of operations and policy research is industry regulation, including communications and information technology.)
– TelecomTV staff