Wednesday, June 26, 2002
Hughes Software Systems (HSSL), specialists in convergent
network software and a leader in providing GPRS, UMTS as well
as VoP software to original equipment manufacturers (OEMs)
announced the launch of its global technical seminar series
in the United States of America (USA).
The first two MindSystem seminars will be held
on 10 July 2002 in Boston, Massachusetts, and on 11 July 2002
in Denver, Colorado. These interactions will disseminate information
on the development of standards and protocols, besides providing
insights on the trends in network architecture and
network component for Net Generation networks. Targeted at
telecommunication professionals, who are keen to keep their
knowledge base updated, the seminars will fulfill the need
to understand the evolution of standards.
For HSSL, tracking protocol standards is a core
activity, critical to maintaining its market leadership position.
Telecom experts from HSSL- Saghan Aggarwal, senior product
manager (mobile networks), Arjun Roychowdhury, product manager
(next generation networks), and Dhruv Sharma (solution architect)
will share their views on the evolution of protocol standards.
HSSL's MindSystem seminar series will also serve
as an interactive forum for telecom professionals from across
the world to share their perspectives on the emerging trends
in the telecom market.
Earlier this month, HSSL signed an agreement
with NEC Corporation, the world's leading provider of Internet,
broadband network and enterprise business solutions, to enhance
NEC's routers, switches and IP applications that are used
for building IP optimised backbones as well as edge and
access solutions.
Under the agreement, HSSL will develop features
for existing NEC products, working on testing process improvement
initiatives as well as evaluating new areas in line with emerging
technology trends to create additional business opportunities
for NEC.
HSSL has set up a state-of-the-art dedicated
development facility at Gurgaon for this specific purpose.
The offshore facility will conform to NEC's stringent international
standards, and will also cater to potential expansion of the
co-operation.
Earlier, HSSL unveiled its Service Creation
Environment (SCE) product at Supercomm 2002 in Atlanta.
HSSL's SCE is a web-based, network-centric,
easy-to-use GUI programming environment to design, develop,
test and maintain services in a fast, easy and flexible manner.
It allows for the creation of customer-driven convergent services
for PSTN, Wireline (IP) and Wireless Networks.
HSSL also announced that it has bagged a contract
from Thrane & Thrane, a leading supplier of Inmarsat terminals
& ground stations, for supplying Radio Network Controller
(RNC) side UMTS stacks & services to implement a Core
Network Gateway (CNG).
The solution will be used as a bridge between
proprietary satellite network technology and 3G services to
the user. For the end user, this entails the usage of satellite
wireless for broadband 3G applications and usage. This fixed
price contract entails the supply of core 3G stacks and
development services for interfacing in a mobile network.
HSSL also released its upgraded SIGTRAN suite
of protocol stacks consisting of the SCTP software product.
The SCTP stack is part of the complete range of SIGTRAN Suite
protocols like M2UA, M2PA, M3UA, IUA and SUA. The products
are available from HSSL in the source code and binary
form.
Last month, HSSL announced a tie-up with solutions
provider Motorola to provide mediation and service activation
solution for Bharat Sanchar Nigam's (BSNL) cellular technology
GSM network. This is the first time that HSSL has partnered
with a leading vendor such as Motorola in India for
implementing its ready-to-deploy billing mediation solution.
HSSL is a subsidiary of Hughes Network Systems
(HNS), a unit of Hughes Electronics Corporation (HEC). HNS
is a networking company, dedicated to providing products and
services to build and operate digital communication networks
worldwide. HNS is the world leader in VSAT-based networks.
HEC is a world leader in the design, manufacture and marketing
of advanced electronic systems. It was a wholly-owned subsidiary
of General Motors Corporation, USA.
HNS India Inc is the principal shareholder in
HSSL. The promoter holding in HSSL is 55.72%.
However, on 29 October 2001, General Motors
entered into an agreement to sell HEC to EchoStar Communications
Corp for $25.8 billion in cash and shares. General Motors
and HEC together with EchoStar Communications signed definitive
agreements that provide for the spin-off of HEC from GM and
the merger of HEC with EchoStar.
This merged company would use the EchoStar name
and adopt the DIRECTV brand for its services and related products.
HSSL has posted a net profit of Rs 12.7 crore
for the quarter ended 31 March 2002 as compared to Rs 22.1
crore in the corresponding period previous fiscal. Total income
decreased from Rs 64.5 crore in the quarter ended 31 March
2001 to Rs 61.2 crore in the quarter ended 31 March 2002.
The company has posted a net profit of Rs 52.2
crore for the year ended 31 March 2002 as compared to Rs 62.9
crore for the previous year ending 31 March 2001. Total income
increased from Rs 209.5 crore in the financial year ended
31 March 2001 to Rs 248.1 crore in the year ended 31 March
2002.
The HSSL scrip closed 2.39% lower at Rs
212.35 on the BSE today, with a volume of 55,205 shares.
Last updated : February 2, 2004
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