Extreme Networks Reports Preliminary Unaudited Fourth Quarter Fiscal Year 2014 Results

SAN JOSE, Calif., July 21, 2014  -- Extreme Networks, Inc. (EXTR), a leading provider of high performance network solutions, today announced preliminary unaudited results for the quarter ended June 30, 2014, exceeding previously announced fourth quarter guidance.

GAAP revenue for Q4'14 is expected to be in the range of $153 million to $155 million, compared to guidance of $143 million to $148 million. Non-GAAP revenue is expected to be in the range of $154 million to $156 million, compared to guidance of $145 million to $150 million. GAAP gross margin is expected to be in the range of 52.5% to 53.5% compared to guidance of approximately 50%.

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Virtutone Announces $14.3 Million in Revenues for the Month of June

Sherwood Park, Alberta July 4th , 2014 / Virtutone Networks Inc. ("Virtutone" or the "Company") (TSX Venture: VFX.V) is pleased to announce that the Company has generated over $14.3 million in revenue for the month of June.

"We are down slightly this month due to the rise in the Canadian dollar, as our sales are all in USD and only 30 days in the month" said Jason Allen, Chief Executive Officer of Virtutone. "We continue to deliver strong results each and every month."

For further information please contact Jason Allen at 780-702-5777.

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xG Technology Awarded Subcontractor Position on $497 Million Multiple-Award Contract to Provide Communications and Networking Services to U.S. Army

SARASOTA, Fla., June 24, 2014-- xG Technology, Inc. ("xG" or the "Company") (Nasdaq: XGTI, XGTIW), a developer of wireless communications and spectrum-sharing technologies, has announced that it has been selected as a subcontractor to provide communications and network services to the U.S. Army's Communications-Electronics Research, Development and Engineering Center (CERDEC) Space and Terrestrial Communications Directorate (S&TCD). xG Technology teamed with prime contractor Science Applications International Corporation ("SAIC") (SAIC) on this five-year period of performance (a thirty-six (36) month base and two (12) month options) multiple-award indefinite delivery/indefinite quantity (IDIQ) contract. The contract has a ceiling value of $497 million, represents new work, and expands xG Technology's presence in its cognitive radio market area.

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BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability

WATERLOO, ONTARIO-- June 19, 2014) - BlackBerry Limited (BBRY)(BB.TO), a global leader in mobile communications, today reported financial results for the three months ended May 31, 2014 (all figures in U.S. dollars and U.S. GAAP, except where otherwise indicated).

Q1 Highlights:

  • Cash and investments balance of $3.1 billion at the end of the fiscal first quarter, up from $2.7 billion in the prior quarter
  • Adjusted Q1 gross margin of 48%, up from 43% in the prior quarter
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DragonWave Increases Growth Expectations for First Quarter Fiscal Year 2015

OTTAWA, CANADA--(Marketwired - Jun 4, 2014) - DragonWave Inc. (DWI.TO)(DRWI) a leading global supplier of packet microwave radio systems for mobile and access networks, announced today revised revenue expectations for its first quarter fiscal year 2015. DragonWave now expects revenue to show growth of approximately 60% over the revenue achieved in Q4 FY14. These revised revenue expectations are preliminary, have not been reviewed by DragonWave's external auditors, and are subject to completion of customary quarterly closing and internal and external review procedures. Revenue in this release is determined in accordance with U.S. generally accepted accounting principles.

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