HP to resell Cisco switches
HP has extended its relationship with Cisco Systems to resell recently introduced fibre channel switches. It previously had an original equipment manufacturer relationship for a small fibre channel switch from Cisco but has now agreed to resell Cisco’s entire line of MDS 9000 Multilayer Directors and Fabric Switches. These include the MDS 9509 Multilayer Director and the 9216 Multilayer Fabric Switch. HP will add the switches to its StorageWorks line of storage area network (SAN) products. Cisco’s MDS 9000 switches are designed for SAN consolidation and expansion of storage resources. They provide multi-protocol support, traffic management, virtual SAN functionality and role-based security.
Fone Zone snaps up MPC
Brisbane-based mobile phone retailer, Fone Zone, has expanded its presence in South Australia by acquiring the seven outlets of MPC Communications. The deal takes the total number of Fone Zone stores across Australia to 89. The company has a presence in every state. The takeover, that follows the buyouts of Let’s Talk and In Touch Communications earlier this year, is the result of an $8 million capital injection from Investec in February. Fone Zone CEO, David McMahon, said the company aimed to reach 150 Australian stores within three years “through a mix of further acquisitions and organic growth”.
Nokia: Sales at low end
Nokia expects second-quarter growth from its mobile phone business to be at the low end of its earlier four to 12 per cent guidance or even below it. The company said the general economic downturn in Europe and the US, currency fluctuations and the severe acute respiratory syndrome (SARS) outbreak, particularly in China, have had a negative impact on sales in the first two months of its second quarter. However, it still expects diluted earnings per share to be within the group’s guidance range of $0.21 to $0.27, and estimates that its second quarter market share will be higher than the first quarter of 2003.