Whats Up With… Ciena, Vivo & Nokia, Ransomware Attacks

In today's industry news review: Ciena shares fall 11% after sales jump 19.3%; Smartphone maker Vivo says it faces Germany auf wiedersehen after losing case against Nokia; Verizon Business Report Highlights Rising Cost of Corporate Ransomware Attacks; And more!  

What should a technology company do to satisfy its investors? Apple unveiled a wide range of new and improved products at Monday's Worldwide Developers Conference , including the highly anticipated XR earphones , but shares fell for a second day, falling 0.7% to $178.24 in early trading Tuesday. . But if you think that's surprising and disappointing, take a look at the stock performance of Ciena, a provider of optical, routing and networking software systems: The company reported a 19.3 % year-over - year return of $1.13 billion . Earnings before interest, taxes, depreciation, amortization (EDITDA) and non-recurring items (EDITDA) and adjusted earnings of 39.7% were better than expected, but its share price fell nearly 11% to 42.42. Dollar "We delivered excellent results in our fiscal second quarter as we improved our supply chain dynamics while being able to ship more products to customers," said Gary Smith, president and CEO. "Given our backwardness and strategic position in an industry with advanced technology and a broad target market, we are confident in our ability to capture market share," he prepared. But it seems that excellent results are not enough. So why a storage tank? That's all because of a slightly revised forecast for the company's sales growth -- Ciena now expects annual sales growth of 18% to 22%, compared to a previous forecast of 20% to 22%. Is this enough to support an 11% stock price correction? These crazy people keep their accounts under the bed instead of investing in listed companies.

Chinese smartphone maker Vivo has left Germany. In a brief post on its website ( available in German here ), the company said: "Unfortunately, Vivo products are currently not available in Germany. Therefore, there is no product information on our website. German internet page". He added that users of Vivo products can always contact customer support and will also receive software updates in the future. This came after the German regional court in Mannheim ruled in favor of an injunction against Nokia's two patent infringement claims . FOSS Patent Blog . Vivo's latest statement on the matter, dated May 30, 2023, said the company "fully respects intellectual property and is committed to continuous innovation through extensive research and development." In recent years, Vivo has signed cross-licensing agreements with many leading companies. We are in discussions with Nokia to extend the mutual license, but have not come to an agreement yet. We are convinced that Nokia has not yet fulfilled its obligation to grant licenses under "FRAND" (Fair, Reasonable and Non-Discriminatory) terms. , 2023, and we stopped selling and marketing the affected products in Germany after Nokia implemented these decisions. We have appealed the decisions and will consider other options In the meantime, we are in close contact with Nokia to finalize licensing negotiations under FRAND terms ( available in German here ).

Companies are paying an increasing price to combat ransomware attacks (malicious software that encrypts a company's data and demands money to regain access), according to the latest figures from Verizon Business . inside him In its 16th Annual Data Breach Investigations Report (DBIR 2023), the company noted that the average cost of ransomware is "high" and has doubled over the past two years to $26,000. And almost all cases, about 95%, result in losses ranging from $1 to $2.2 million. Based on an analysis of 16,312 security incidents and 5,199 security breaches, the report identified a "sharp increase" in the frequency of ransomware attacks. Ransomware is one of the leading methods of cyber attack, accounting for nearly a quarter (24%) of all hacks. However, Denial of Service (DoS) attacks (compromising the availability of networks and systems, making them inaccessible to intended users) topped the list, accounting for 42% of all incidents. The report notes that "while companies protect critical infrastructure and increase training in cybersecurity protocols, human error still accounts for the majority of incidents, accounting for 74% of total breaches." He added that financial motivation is the number one motive for 97% of all cyberattacks, while only 3% is motivated by espionage, a finding that surprised Verizon, noting that "the number of government-sponsored attacks is on the rise." Not related to espionage-related attacks or the ongoing conflict in Ukraine. Chris Novak, general manager of cybersecurity consulting at Verizon Business, cited education and healthcare as two sectors where breaches are on the rise, as they are generally seen as easy targets, in response to a question from TelecomTV during an event in central London. .

The generative artificial intelligence (GenAI) craze has clearly reached FOMO levels, and everyone and their dog is announcing the integration of GenAI capabilities into their product portfolio. The latest to join the GenAI winner is telecommunications software giant Amdocs , who seems to have given its marketing team too much caffeine because its new product name is... amAIz (yes, that's lowercase and uppercase). According to Amdocs, amAIz is " the first telecom AI generation technology that uses open source technology to combine carrier-level architecture with multilingual AI models, laying the groundwork for global communications service providers and enabling them to capture the enormous potential."Generative AI" . What did you say? It looks like Amdocs is partnering with Microsoft (of course, the developer of ChatGPT is an OpenAI stakeholder) to solve the security, data privacy, scalability, and data management issues that carriers face every day. Sounds useful (probably awesome)! This Learn more about advertising .

Twitter's new CEO , Linda Iaccarino, has been at the helm of the social media giant for less than a month. Employed by owner and former CEO Elon Musk . "It's done - day one of the book! Stay tuned..." he said. He wrote on Twitter without giving details . Iaccarino, former head of ad sales at NBCUniversal , isn't the only Twitter executive to part ways with the media company: Joe Benrock, former senior vice president of communications, advertising and partnerships, has left Twitter to run the business. operation. Introduction, according to Reuters . In December 2022, after an opinion poll suggested that Musk step down as CEO of Twitter, he He announced that he would retire "if anyone is stupid enough to take the job" . Iaccarino joins the company at a time when it is struggling to monetize its advertising revenue.

Indian telecommunications giant Bharti Airtel has been awarded a contract to provide cloud network and content delivery (CDN) solutions for India's national open educational digital content platform called DIKSHA (Digital Infrastructure for Knowledge Sharing). According to the approval given to telecom operator Digital India Corporation (DIC), a non-profit organization set up by India's Ministry of Electronics and Information Technology , Bharti Airtel will act as a "trusted end-to-end partner". . Comprehensive management of DIKSHA online platform on mobile app and website. Its app and website will now be powered by Airtel Cloud, and the company said in an announcement that it will "provide seamless access to Hindi educational content of their choice to students across the country for free" . Another responsibility of Airtel Cloud will be the transition from DIKSHA to Oracle Cloud , as well as provision of managed services as well as CDN solutions. Airtel Cloud is part of the Airtel business and claims to offer a "one-stop hybrid cloud strategy".

New Zealand operator Spark has teamed up with satellite communications provider Link Global to test mobile satellite services later this year . Spark Mobile customers will be able to take part in a free trial of a "subset" of the service, which will initially allow texting throughout the day before expanding to "more regular service in 2024" as more commercial satellites become available. Bad At the same time, the service will be offered "more widely" to its customers, the New Zealand operator said. Its future plans include adding voice and data services to its mobile satellite offerings. "Although the satellite cannot provide 100 percent coverage - because it needs a clear line of sight in the sky to connect - it certainly adds an additional layer of resilience, especially now that weather conditions are becoming more severe and frequent due to the climate. Difference," said Tessa Tierney, Spark product manager, added that in the future, the telecom operator must "integrate the technology into our network and get regulatory approval to launch the service." Find out more .

- Worker, TelecomTV