U.S. Markets closed

City of Hoover, Alabama, Simplifies Network Management and Increases Bandwidth with Pica8 PICOS® NOS

City Achieves Crucial Redundancy, High Capacity and Low Latency, with 35% Savings over Proprietary Solutions

PALO ALTO, Calif., Oct. 16, 2019 (GLOBE NEWSWIRE) -- Pica8, the leading provider of automated open networking software for enterprise campus and access networks, today announced that the City of Hoover, Alabama, has opted to replace their legacy data networking switching infrastructure with an open networking solution from Pica8 run by the company’s Linux-based network operating system, PICOS®. In deploying the Pica8 PICOS NOS, the city has simplified network management, increased bandwidth, reduced costs and achieved sub-millisecond response times to users throughout the city.

The city’s previous network, predominately from Cisco, included many unwanted and unnecessary features, making costs higher and network management more complex. After the Mayor and City Council of Hoover allocated funds to upgrade the city’s IT infrastructure, the City of Hoover investigated new solutions. Inspired by recent success stories with open networking, the city partnered with local IT solutions provider, Logista Solutions, to replace switches to support the city’s operations information systems, including telephone, public safety systems and emergency operation centers.

“The city needed to reduce maintenance costs and position itself to take advantage of cutting-edge technologies, such as software-defined networks and open network concepts,” said Greg Boykin, Information Systems Manager for the City of Hoover. “In addition, since tax dollars fund our operations, finding economical ways to future-proof our network is key, and deploying PICOS, along with Edgecore hardware, allows us to cost-effectively grow the network over time, investing tax dollars wisely without sacrificing performance.”

PICOS gives the City of Hoover the needed redundancy and performance needed to properly support two 911 and emergency operations centers. With a fault-tolerant meshed network for redundancy, the city has seamless failover in case of a yet-to-be-seen network failure. In terms of performance, the City of Hoover began with 10 gigabit ethernet, and has upgraded to 40 gigabits, which decreases response times from 2-4 milliseconds, to sub-millisecond.

“The City of Hoover has built a fully redundant, high performance network for its nine city facilities, including police and fire stations and emergency response dispatch, while also positioning itself for future technologies,” said Jeff Paine, SVP of marketing for Pica8. “By implementing a two-tier leaf-spine network architecture with PICOS, the city can lower latency and increase performance, which is crucial when it comes to 911 dispatch and other emergency operations.”

About Pica8

Pica8 was the first company to market a modern, disaggregated open networking alternative to tightly coupled legacy Ethernet switches when it released its Linux-based network operating system (NOS), PICOS®, running on a wide variety white box and brite box ODM switches. Today, with well over 1,000 customers in 40+ countries, Pica8 offers the only open networking solution portfolio capable of replacing any enterprise access and campus network from legacy companies like Cisco and Juniper. This portfolio is anchored by Pica8’s new AmpConTM automation framework – the only open networking automation framework on the market for access and campus data networks – as well as the world’s first open networking replacement solutions for IDF switch stacks – TURBO StackingTM – and chassis switches – OPEN ChassisTM.  Ideal for SLED customers – State and Local government and Education – through the Fortune 1000, Pica8 solutions can be ordered directly from Pica8, from Dell EMC field sales, or through a variety of other global partners. For more information, visit www.pica8.com, email us at sales@pica8.com, or follow us on LinkedIn or on Twitter @pica8.

Media Contacts:

Holly Hagerman, Connect Marketing – (801) 368-6928

Jeff Paine, SVP Marketing, Pica8 – (650) 575-4037

  • Business
    Thomson Reuters StreetEvents

    Edited Transcript of LXRX earnings conference call or presentation 7-Nov-19 1:00pm GMT

    Q3 2019 Lexicon Pharmaceuticals Inc Earnings Call

  • Focus: Ford bets on an electric Mustang to charge its turnaround
    Business
    Reuters

    Focus: Ford bets on an electric Mustang to charge its turnaround

    The Mustang Mach E electric sport utility vehicle Ford Motor Co unveiled in Los Angeles on Sunday is more than another car for the storied automaker. The Mach E has become within Ford a high-profile test for a restructuring that has been marred by profit warnings, costly quality problems and the troubled launch this year of another important vehicle, the Ford Explorer sport utility. For Chief Executive Jim Hackett, the Mach E's aggressive design and futuristic interior represent a long-awaited, visible sign of the overhaul of the company's product creation process that he has tried to explain to skeptical Wall Street analysts for the past two years.

  • Business
    Financial Times

    ‘Their house is on fire’: the pension crisis sweeping the world

    Jan-Pieter Jansen, a 77-year-old retiree from the Netherlands, had high hopes for a worry-free retirement after having saved diligently into a pension during his working life. “This is causing me a lot of stress,” says Mr Jansen, who retired 17 years ago and hoped to use his pension pot to treat his grandchildren and afford good hotels on holidays. Mr Jansen is not alone in experiencing pension pain.

  • Politics
    Financial Times

    FBI tried to warn BofA against ill-fated buyout

    The FBI tried to warn Bank of America against an ill-fated leveraged buyout led by former Blackstone dealmaker Chinh Chu, telling an executive that “the entire transaction was setting alarms off, and there was a concern that someone was attempting to defraud” the bank. BofA faces steep potential losses after ignoring the warnings about now-bankrupt Constellation Healthcare Technologies, which are detailed in FBI files made public by a federal court last week. It was the first acquisition for his investment vehicle CC Capital, which he created after ending his 25-year stint working on multibillion-dollar transactions for Blackstone.

  • Ford Unveils Electric Mustang SUV to Challenge Tesla Dominance
    Business
    Bloomberg

    Ford Unveils Electric Mustang SUV to Challenge Tesla Dominance

    Ford Motor Co. is reinventing one of its marquee models -- the Mustang muscle car -- as a battery-powered crossover to become a player in the electric-vehicle market that is expected to take off in the coming decade.In a splashy ceremony Sunday ahead of the Los Angeles Auto Show, the carmaker unveiled the Mustang Mach-E, a swoopy hatchback with distinctive pony-car haunches and familiar shark nose that it claims has the power to take on Porsche. When it goes on sales next fall, Ford hopes to convince mainstream buyers its electrified Mustang is an alternative to the Tesla models dominating the EV market.

  • Top Facebook VP launches charity to find a cure for her currently incurable cancer
    News
    Yahoo Finance UK

    Top Facebook VP launches charity to find a cure for her currently incurable cancer

    Nicola Mendelsohn, Facebook's vice-president of Europe, the Middle East and Africa, has launched a new charity to find a cure for the currently incurable blood cancer she and hundreds of thousands of other people have. The Follicular Lymphoma Foundation (FLF) is the only charity that is dedicated solely to funding research that finds new treatments and cures for follicular lymphoma, while supporting patients, and their families. “Despite hundreds of thousands of people living with follicular lymphoma it has a very low profile and there has been comparatively very little investment into the disease,” said Mendelsohn in a statement sent to Yahoo Finance UK.

  • '7 employees were terminated:' Brawl at Wisconsin Popeyes caught on camera
    U.S.
    WLS – Chicago

    '7 employees were terminated:' Brawl at Wisconsin Popeyes caught on camera

    Several employees at a Wisconsin Popeyes restaurant lost their jobs after a brawl was caught on cellphone video.

  • Dow Jones Futures: Stock Market Rally Is At Highs; But This Should Worry You
    Business
    Investor's Business Daily

    Dow Jones Futures: Stock Market Rally Is At Highs; But This Should Worry You

    Dow Jones futures edged lower Sunday night, along with S&P 500 futures and Nasdaq futures. The stock market rally looks great as the Dow Jones, S&P 500 index and Nasdaq composite continue to set highs. Apple and Microsoft are thriving with chips such as AMD stock and Applied Materials are thriving.

  • Why Dow 28,000 could mark that ‘blowoff top’ bears have been predicting
    Business
    MarketWatch

    Why Dow 28,000 could mark that ‘blowoff top’ bears have been predicting

    Smith used this chart to help make his point: “Calling QE not-QE doesn't make it different than QE,” Smith wrote. The Fed's level of panic is noteworthy, as is the absurd transparency of its laughable attempt to conceal its panic. And with that panic, Smith believes that the recent pop to new highs in the stock market could finally mark that elusive blowoff top.

  • Business
    GuruFocus.com

    Stocks That Fell to 3-Year Lows in the Week of Nov. 15

    HSBC Holdings declined to $37.01 The price of HSBC Holdings shares declined to $37.01 on Nov. 15, which is only 4.5% above the three-year low of $35.36. HSBC Holdings is a British international financial services holding company. As of December 2018, it is the largest bank in Europe with total assets of $2.558 trillion.

  • Boeing, Airbus kept in suspense over big Dubai jet deals
    Business
    Reuters

    Boeing, Airbus kept in suspense over big Dubai jet deals

    Airbus and Boeing fought to save billions of dollars of jet deals on Sunday as host airline Emirates kept the Dubai Airshow in suspense over dozens of tentative orders designed to fine-tune the world's largest international airline network. The world's top jetmakers are trying to win final approval for more than $30 billion in orders from Emirates that have been on ice for up to two years as Emirates protests about industrial delays. Interlocking deals involving a total of 110 Boeing 787 and Airbus A330neo and A350 are up for grabs, but it remains unclear whether there was room for all them in Emirates' revised fleet, delegates said.

  • AbbVie's Humira on Pace to Become Biggest Seller by 2024
    Business
    GuruFocus.com

    AbbVie's Humira on Pace to Become Biggest Seller by 2024

    Humira, AbbVie Inc.'s (NYSE:ABBV) flagship drug, is projected to supplant the popular heart treatment Lipitor as the best-selling drug of all time, reaching cumulative sales of $240 billion in 2024. GuruFocus has detected 5 Warning Signs with ABBV. Sales of Humira, an immunology medication, have reached $137 billion since it was launched in 2003.

  • Analysts Recommend These 2 Falling Knives
    Business
    GuruFocus.com

    Analysts Recommend These 2 Falling Knives

    CLXT 30-Year Financial Data The intrinsic value of CLXT Peter Lynch Chart of CLXT However, if an investor chooses falling knives with a moderate to low financial burden, he can significantly lower the risk of loss. The following securities also have recommendation ratings of moderate buy to strong buy, which increases the odds the investment will turn out to be a successful one. Calyxt Shares of Calyxt Inc.

  • Finance
    Oilprice.com

    17-Year Old Genius Gets Google Prize For Renewable Energy Breakthrough

    Each year Google hold an international science fair for innovative teens to solve a problem they care about with science. The breakthroughs coming from these young, driven researchers have been as far-ranging and impactful as a method of pulling microplastics out of ocean waters (this year's grand prize winner) to sensors that help mitigate risk for ambulatory Alzheimer's' patients (the grand prize winner from 2014). According to facts and figures from non-profit organization The Water Project, there are 783 million people worldwide--that's about one in nine individuals globally--that do not have access to clean drinking water, and one out of every five deaths of children under five years old is directly caused by a water-related disease.

  • Malaysian KFC Operator’s Owner Considers Selling It
    Business
    Bloomberg

    Malaysian KFC Operator’s Owner Considers Selling It

    QSR Brands (M) Holdings Bhd. s owners are considering a sale of the fast-food operator, which runs KFC and Pizza Hut restaurants in Southeast Asia, after shelving an initial public offering earlier this year, people with knowledge of the matter said. The Malaysian company's major shareholders, which include private equity firm CVC Capital Partners, are working with an adviser to gauge interest from potential buyers for a controlling stake in QSR, according to the people.

  • German automation talent drove Elon Musk's Tesla move into Europe
    Business
    Autoblog

    German automation talent drove Elon Musk's Tesla move into Europe

    To unclog bottlenecks last year in Tesla Model 3 production in California, Elon Musk flew in six planeloads of new robots and equipment from Germany to speed up battery output. Now the Tesla CEO is trying to tap that German automation ecosystem directly with Tuesday's announcement that the electric carmaker will build a European car and battery factory near Berlin. So far, Musk has failed in his plans to create a factory so highly automated that it allows Tesla to make cars more efficiently than much bigger rivals.

  • President Trump Undergoes Testing During Medical Checkup Not Listed on His Public Schedule: White House
    Politics
    Meredith Videos

    President Trump Undergoes Testing During Medical Checkup Not Listed on His Public Schedule: White House

    President Donald Trump spent more than two hours at Walter Reed National Medical Center on Saturday for what the White House said were medical tests as part of his annual physical

  • 5 Very Large Cap Stocks Hedge Funds Are Piling Into
    Business
    Insider Monkey

    5 Very Large Cap Stocks Hedge Funds Are Piling Into

    In our opinion one of the best tools for ordinary investors who are on the hunt for new ideas is 13F filings. Once every quarter hedge funds with at least $100 million in total positions in publicly traded US stocks are required to open the kimono and disclose the number of shares and the total value of its positions in each of the stocks and options in its portfolio. On Thursday, around 600 hedge funds which waited till the last minutes of the filing deadline disclosed their US equity holdings as of September 30th.

  • Hedge Funds Open Kimono: Here Are Their Top 5 Large-Cap Stock Picks
    Business
    Insider Monkey

    Hedge Funds Open Kimono: Here Are Their Top 5 Large-Cap Stock Picks

    Yesterday we published the list of 30 most popular stocks among hedge funds. This list's top 20 stock picks have been performing much better than the market indices that you see on your financial news websites and channels. In 2019 the top 20 most popular hedge fund stocks returned nearly 34% and outperformed the S&P 500 Index by more than 8 percentage points.

  • Cisco Systems, Inc. First-Quarter Results: Here's What Analysts Are Forecasting For Next Year
    Business
    Simply Wall St.

    Cisco Systems, Inc. First-Quarter Results: Here's What Analysts Are Forecasting For Next Year

    Cisco Systems, Inc. (NASDAQ:CSCO) shares fell 7.7% to US$45.09 in the week since its latest first-quarter results. It was a credible result overall, with revenues of US$13b and earnings per share of US$0.68 both in line with analyst estimates, showing that Cisco Systems is executing in line with expectations. Following the result, analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual.

  • Marijuana Stocks Are Tumbling — Are Any Good Buys Right Now?
    Business
    Investor's Business Daily

    Marijuana Stocks Are Tumbling — Are Any Good Buys Right Now?

    Marijuana stocks received enormous hype after legal recreational sales took hold in Canada and sales became legal in some form or another across more than half of the U.S. Producers in Canada listed on the big U.S. exchanges, while their U.S. counterparts sought listings in Canada. Are any marijuana stocks on major U.S. exchanges a good buy now? Overall, the marijuana industry is showing little profit growth as weed producers burn through money to expand.

  • ‘When Should I Retire?’ The Pros and Cons of Different Ages
    News
    Investopedia

    ‘When Should I Retire?’ The Pros and Cons of Different Ages

    Reports from the U.S. Census Bureau show the average national retirement age in 2019 was 63—64 for men and 62 for women, according to a 2015 report by the Center for Retirement Research. A 2015 paper published by the National Bureau of Economic Research, for example, found that “retirement improves both health and life satisfaction,” in part by factoring in the number of people who are forced to retire due to health issues. Relatively few people have the financial resources to support an extended retirement.

  • Too Rich for a Roth? Do This
    Business
    Investopedia

    Too Rich for a Roth? Do This

    For 2020 Roth IRA contributions are not allowed for single filers with a modified adjusted gross income (MAGI) of $139,000 (up from $137k in 2019) or more and married couples filing jointly whose MAGI exceeds $206,000 (up from $203k in 2019). A Roth IRA allows for tax-free qualified distributions in retirement, which may be invaluable if you anticipate landing in a high tax bracket when you retire. Fortunately, there is an available solution to the Roth IRA roadblock for affluent taxpayers: a backdoor Roth IRA.

  • 2 Stocks You Really Should Consider Shorting This Week
    Business
    TheStreet.com

    2 Stocks You Really Should Consider Shorting This Week

    Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each Friday that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Fossil Group Inc. recently was downgraded to Sell with a D rating by TheStreet's Quant Ratings.

  • Two of America’s biggest coal plants closed this month
    Business
    Quartz

    Two of America’s biggest coal plants closed this month

    America's coal plants are turning off the boilers, facing brutal economics and customers fleeing for natural gas and renewable energy. This week, Arizona's 2.25-GW Navajo Generating Station burned its last load of coal after no buyers turned up during a two-year search. Trade publication Utility Dive reports that the fate of the financially ailing plant was sealed after a bid to force an Arizona water agency to buy its electricity failed.