The update would combine with the Fiducian platform and would enable planners to execute switch orders
directly from FORCe after reviewing and modelling clients' portfolio changes.
An undisclosed South Korean LED packager contracted to supply Samsung has reportedly turned to FOREPI since October for the chips and will switch orders
originally set aside for Epistar to FOREPI.
And they'll switch orders
for up to pounds 1billion worth of parts for their new R40 model overseas as part of that economy drive.
Although our revenues were lower than expected, the shortfall was primarily due to delays in revenue recognition for previously booked switch orders
and delays in expected Bandwidth Optimization orders," said Doug Sabella, Chief Executive Officer of Veraz Networks.
Recently the sharp appreciation of the Japanese yen against the greenback has prompted foreign buyers to switch orders
to Taiwan from Japan.
The shortfall from previous guidance is primarily due to (1) approximately $2 million in Company's In-Flight Entertainment and Communications ("IFE&C") business that was originally scheduled for shipment in 2007, but is now scheduled for shipment in the first half of 2008 due to customer delays and (2) approximately $1 million in delayed switch orders
associated with the Defense Logistics Agency.
In addition, the second quarter gross margin was negatively impacted by the delayed receipt of higher margin digital switch orders
from the DSA as well as temporary gross margin reductions incurred during RO's transition of production to an outside contract manufacturer.
Deployments within existing customers are broadening to cover more locations and users, and about half of all LANShield Switch orders
came from existing LANShield Controller customers
However, our major customers, who we had expected to place additional ATM switch orders
in the quarter, have held those orders pending delivery and testing of this capability.