Tellabs Reports Fourth Quarter Revenue Losses and 530 Layoffs - Mobility TechZone

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Featured Articles » 4G LTE Spending to Top $36 Billion in 2015: Report » London's Mobile Broadband: Nothing to Write Home About » 4GWE Speaker: The Anticipated Migration to 4G » Maximizing Real-Time Rich Communications Revenue Sponsored By: 4GWE The 4GWE Conference will focus on how carriers and other industry stakeholders can exploit the mobile Internet and successfully transition and provide services through it. 4GWE's conference sessions will weigh in on the implications that this new network infrastructure will have on carriers and their ability to develop strategies and business plans to succeed in this new age of the "anywhere, anytime mobile broadband network". Topics include; Carrier strategies for pricing and costing models, continuity between WiFi, 3G and 4G networks, over the top offerings and carriers ability to compete, app store business model, spectrum issues and more. 4GWE has become the industry's premier gathering place for Mobile Network Operators, fixed carriers, handset manufacturers, mobile internet device manufacturers, application providers, and venture capitalists. Top Stories » Mobility Tech Zone Wireless Backhaul Distinction Award for ADTRAN » TV White Space Spectrum Based Super Wi-Fi Emerges in Wilmington, NC » FL-Connect Telecom Services GmbH Gears up for ITEXPO East 2012 » Sandvine Deploys its Solutions in North America   From The Expert Corner January 31, 2012 Tellabs Reports Fourth Quarter Revenue Losses and 530 Layoffs By Tracey E. Schelmetic TMCnet Contributor Mobile Internet solutions company Tellabs (News - Alert) released its fourth quarter financial results today, and the news isn't good. The company's fourth quarter revenue totaled $317 million, as opposed to $410 million in the same quarter of 2010. The company reported a net loss of $5 million, compared with a net loss of $11 million in the fourth quarter of 2010. Along with the financial results came the news that the company will be restructuring. This will involve the  elimination of  about 530 jobs. The employees who are to be cut have already been notified, though the company did not indicate where these jobs are located. Tellabs employs about 3,250 people worldwide, and about half of those employees are based in Naperville, Illinois. The restructuring is expected to be completed by the first quarter of 2013, according to the Chicago Tribune. “In a climate of economic uncertainty, Tellabs needs to align expenses with revenue,” said Rob Pullen, president and CEO of Tellabs. “Unfortunately, our restructuring will affect about 530 people. We will reduce expense and stop new development work on the Tellabs SmartCore 9100 LTE (News - Alert) product, while continuing to support Tellabs SmartCore 9100 WiMax customers... Read More   From The Blogs January 31, 2012 Notification if in Bluetooth Range By: Rich Tehrani ITEXPO East 2012 in Miami. Imagine an app which notifies you if someone you met is within bluetooth range. This could be very helpful for a salesperson at an event like ITEXPO for example. It would also be useful at a retail store - a gym, department store, restaurant, etc. Lots of possibilities and like with just about everything else - privacy issues. Take it to the next level - this could be hooked in with Chemistry.com or eHarmony so if a compatible person is nearby you can both be notified. Services like this have been in place in Asia (sans bluetooth) where the carriers are on the leading edge... Read More Featured Videos Mobile Sleuthing: Time to Do Some Detective Work Featured Resources » Increasing Marketing Campaign Profitability » Customer Analytics Pay Off » Five Steps to Improving Business Performance through Customer Intimacy TMCnet's Blogs » Day 1 at ITEXPO » A Fun Chat with VAR Dynamics » Seriously? A Moon Base? Featured Channels » Business VoIP » Mobile Device Management » Mobile Banking Advertise With Us   General advertising Info: Click here      Become a MobilityTechzone columnist! Interested in reaching Mobility Techzone's Global Wireless and Mobile Communications Audience of 70,000 Unique Visitors? Please contact Matthew Gleeson to learn how at mgleeson@tmcnet.com or 1 (203) 852-6800 x145.

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