What does it mean to change the way you compete? It means maximizing both the capabilities of your network, and the many ways your network contributes to your business. At Ciena, we understand that if you can tap into your network�s full potential, it can play a pivotal and proactive role in advancing your strategic initiatives to drive game-changing business outcomes. With our deep expertise in optical, Ethernet, and network automation, we specialize in unlocking that potential. We focus on what we do best, so you can be at your best.
Ciena Corporation (NASDAQ:CIEN), the network specialist, announced unaudited financial results for its fiscal third quarter ended July 31, 2011.
For the fiscal third quarter 2011, Ciena reported revenue of $435.3 million. On the basis of generally accepted accounting principles (GAAP), Ciena’s net loss for the fiscal third quarter 2011 was $(31.5) million, or $(0.33) per common share, which compares to a GAAP net loss of $(109.9) million, or $(1.18) per common share, for the fiscal third quarter 2010. Ciena’s adjusted (non-GAAP) net income for the fiscal third quarter 2011 was $8.3 million, or $0.08 per common share, which compares to an adjusted (non-GAAP) net loss of $(8.0) million, or $(0.09) per common share, for the fiscal third quarter 2010.
�Our third quarter results, which included a favorable product mix and reduced operating expense to achieve an as-adjusted operating profit, demonstrate our early progress in delivering additional operating leverage from the business,� said Gary Smith, president and CEO of Ciena. �Despite current macroeconomic headwinds that could cause the rate of market growth to be moderated, we believe that we are well-positioned to capitalize on the continued modernization of today’s networks and to grow faster than the market.�
More about CIEN at www.ciena.com
Voice over Internet Protocol (VoIP) has benefits for everyone. Voice over IP (VoIP) benefits for businesses help employees be more efficient with a variety of VoIP tools. Because VoIP technology is often considered to be beneficial for reducing communication and infrastructure costs, many corporations and businesses are switching to include VoIP technology in the form of communication and phone systems.
Crown Equity Holdings Inc. (CRWE.OB) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.
Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: �We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market.�
Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness. Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers.
In addition to these services, CRWE has transitioned into a multifaceted media organization that publishes clients� news online; sells advertising adjacent with its digital network targeted at a high-income audience; designs, hosts and maintains websites; produces marketing videos from concept to final product; crafts press releases and articles for maximum SEO; develops email campaigns; and forges branding campaigns to bolster client company images.
For more information, visit http://www.crownequityholdings.com
Astoria Financial Corporation (NYSE:AF) announced that it will be participating in the Barclays Capital 2011 Global Financial Services Conference on Tuesday, September 13, 2011. Astoria’s President and Chief Executive Officer, Monte N. Redman, will be presenting at the conference at 12:00 p.m. ET. A simultaneous webcast of Mr. Redman’s presentation, including any follow-up questions and answers, will be available and archived on the Company’s website, www.astoriafederal.com, through Friday, September 23, 2011.
Astoria Financial Corporation operates as the bank holding company for Astoria Federal Savings and Loan Association that provides various banking services in the United States.
MetLife, Inc. (NYSE:MET) announced that Martin Lippert will join the company as executive vice president and head of global technology, effective Sept. 6, 2011. Lippert will report to President and Chief Executive Officer Steven A. Kandarian and become a member of MetLife�s executive group.
MetLife, Inc., through its subsidiaries, provides insurance, annuities, and employee benefit programs primarily in the United States, Japan, Latin America, the Asia Pacific, Europe, and the Middle East.
Tempur Pedic International Inc. (NYSE:TPX), the leading manufacturer, marketer and distributor of premium mattresses and pillows worldwide, introduced the all-new TEMPUR�-Traditional Pillows and unveiled new textiles for the company’s popular collection of pillows.
Tempur-Pedic International Inc. manufactures, markets, and distributes bedding products in North America and internationally.
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