ShoreTel Reports Financial Results For First Quarter Fiscal Year 2014

32 Percent Cloud Revenue Growth Year-Over-Year
Record Non-GAAP Profitability

 ShoreTel^® (SHOR), the leading provider of brilliantly simple unified communications solutions, today announced financial results for the first quarter of its fiscal year 2014, which ended September 30, 2013.

For the first quarter of fiscal 2014, total revenue was $84.3 million, an increase of 12 percent compared to the first quarter of fiscal 2013. Non-GAAP net income, which excludes stock-based compensation charges, amortization of acquisition-related intangibles, other charges and related tax adjustments, for the first quarter of fiscal year 2014, was $4.0 million, or $0.07 per share.

Gogo Goes Global: Partners with Japan Airlines to Deliver In-flight Internet

Gogo (GOGO), the world leader of in-flight connectivity and a pioneer in wireless in-flight digital entertainment solutions, announced today that it has signed a contract with Japan Airlines (JAL) to provide Gogo's in-flight Internet service on JAL's entire domestic fleet, which consists of 77 aircraft.

"We couldn't be more excited to work with JAL on bringing Gogo's connectivity services to JAL's passengers," said Gogo's president and CEO, Michael Small . "We know from our experience that having connectivity has become a competitive necessity for airlines. We look forward to providing this service to JAL and keeping its passengers productive, connected and entertained during their travels."

Microsemi Corporation to Acquire Symmetricom, Inc.

- Strengthens Microsemi's position in high-value communications timing markets
- Creates industry's largest and most complete end-to-end timing portfolio
- Expands Microsemi timing opportunities in aerospace, defense and industrial markets
- Brings scale to timing portfolio, expands customer base, drives increased content
- Delivers immediate EPS accretion and synergies

 Microsemi Corporation (MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, and Symmetricom, Inc. (SYMM), a worldwide leader in precision time and frequency technologies, announced today that they have entered into a definitive agreement to acquire Symmetricom, Inc. for $7.18 per share through a cash tender offer, representing a premium of 49 percent based on the average closing price of Symmetricom's shares of common stock during the 90 trading days ended Oct. 18, 2013.

Zhone Technologies Reports Third Quarter 2013 Financial Results

Zhone Technologies, Inc. (ZHNE), a global leader in FTTx network access solutions, today reported its financial results for the third quarter ended September 30, 2013.

Revenue for the third quarter of 2013 was $31.5 million compared to $30.0 million for the second quarter of 2013 and $29.2 million for the third quarter of 2012. Net income for the third quarter of 2013, calculated in accordance with generally accepted accounting principles (“GAAP”), was $1.6 million or $0.05 per share compared with net income of $1.1 million or $0.03 per share for the second quarter of 2013 and a net loss of $4.2 million or $0.14 per share for the third quarter of 2012.