Networking supplier Cabletron bounced back from recent poor results to make an impressive profit in its second quarter, as Don Reed settles in as chief executive.
Reed replaced retiring president and CEO Bob Levine on 1 September and chairman Craig Benson said Reed will lead the vendor as voice, data and networking technologies converge.
The networking company made $57.6 million profit on turnover of $371.3 million, up from $36.9 million profit on $340.9 million turnover in Q2 1996. The figures include an acquisition charge of $27.1 million.
Analysts expected lower profits than this from Cabletron, which announced poor sales and flat profit levels in its Q1. They said the company's switching business was performing well and that bodes well for its future business.
Nanocrystals embedded in glass or a polymer could be the next step for nano-crystal storage method
Space Telescope to be used as part of the organisation's Transiting Exoplanet Survey Satellite
Second quarter PC sales up by 2.7 per cent, suggests IDC
Apple updates MacBook Pro with Coffee Lake CPUs, 32GB memory and up to 4TB storage - at a price, of course
A maxxed out MacBook Pro will cost a mere £6,209