Revenues were USD79.8 million for the fourth quarter and USD286.9 million for the year-ended December 31, 2006, representing an 8% increase over the previous quarter, and a 30% increase over 2005 revenues; however, excluding a non-recurring revenue adjustment that the Company recorded in connection with its adoption of Staff Accounting Bulletin No. 108 (SAB 108), pro forma revenues were USD81.0 million for the fourth quarter and USD288.1 million for the year-ended December 31, 2006, representing a 10% increase over the previous quarter, and a 30% increase over 2005 revenues.

Sun MicroSystems has reported its second quarter fiscal results, which saw a profit of USD126 million USD (compared with a loss of USD223 million USD a year ago). Revenues for the three months to the end of December 2006 rose by 7% to $3.57 billion USD.

BT is to acquire International Network Services (INS) - a California-based company of IT consultants - to bolster its expansion into North America. INS, which employs around 900 staff, designs and installs networks for larger businesses. It claims to have won contracts with three-quarters of the Fortune 500 and builds on a series of acquisitions that BT Global Services has been making in the professional services and consultancy sectors.

India's largest mobile telecoms operator, Bharti Airtel, has announced the acquisition of the 49.99% shareholding in Network i2i from SingTel. Network i2i provides a submarine cable between Singapore and India. Bharti Airtel now owns 100% of the cable company and has stated that it intends to make further cable acquisitions. The President of Bharti Airtel, Manoj Kohli said: We expect a significant increase in global traffic entering and exiting India in the next five years. This is a move to become a global carrier.

Belgian based QLayer has closed a 7M round with Munich based Wellington Partners, and San Francisco based Partech International and Big Bang Ventures. QLayer provides a datacenter-as-a-service solution by combining server, networking and storage infrastructure virtualisation software on commodity hardware for commercial data centres. QLayer plans to use the proceeds of this round to build a presence in Europe and the US. The company was founded in 2005 by a group of data centre veterans, and raised 1.4M in May 2006.

Blade.org, the open collaborative community has stated that the global venture capital community has invested more than USD1 billion during the last two years to fund companies developing emerging technologies and solutions to help customers simplify business computing with blade servers. In 2006, technology leaders, including Blade Network Technologies, Brocade, Citrix, IBM, Intel, NetXen, Nortel and VMware joined to form Blade.org, an open collaborative community is dedicated to building blade-based solutions for customers.