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Articles published in July 2001

Lucent Seeks to Raise a Billion


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July 31, 2001 : Intends to make a private offering of redeemable convertible preferred stock

Terayon Sails Across Tundra


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July 31, 2001 : Terayon's MainSail 8000 MMAP (Multi-function, Multi-service Access Platform) is being deployed by Matanuska Telephone Assoc. in Alaska

Report: EVOA Market to Explode


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July 31, 2001 : ElectroniCast study sees the global consumption value of EVOAs growing from $219.7 million in 2000 to $7.2 billion in 2010

AMCC Delivers Transceivers


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July 31, 2001 : S19206 and S19210 transceivers designed for OC192 Sonet/SDH and proposed 10-gigabit Ethernet applications

PMC-Sierra Offers Notes


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July 31, 2001 : To offer up to $225 million of Convertible Subordinated Notes due 2006; will be convertible into the company's common stock

Tellium Moves Down East


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July 31, 2001 : Opens 10,000-square-foot facility in Boxborough, Mass.

Redback Beefs Up SMS Platform


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July 31, 2001 : Announces new software enhancements and functionality to its subscriber management system platform

Telseon Teams With Everest


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July 31, 2001 : Deal to connect thousands of Everest-served multitenant unit office buildings to Telseon’s network in four metropolitan markets

Alcatel Scores in Yemen


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July 31, 2001 : Has provided Public Telecommunications Corp. of Yemen with 21 high-capacity Alcatel 1000 Multimedia Multiservices switches

DCL Adds LMP for OIF UNI


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July 31, 2001 : Data Connection releases portable LMP protocol software for the management of core optical networks and for the OIF UNI

OpNet Records Q1 Growth


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July 31, 2001 : Q1 2002 revenue was a record $11.1 million, an increase of 73% over Q1 2001 and 11% over Q4 2001

Motorola to Acquire RiverDelta


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July 31, 2001 : Acquisition adds intelligent, content-aware networking to Motorola's portfolio; transaction is valued at $300 million

Bookham Sees Q2 Slippage


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July 31, 2001 : Revenues were £5.9 million (US$8.3 million), up 27% on the Q2 2000 but down from Q1 2001 revenues of £11.6 million ($16.4 million)

TeraConnect Hires Marketing VP


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July 31, 2001 : Before joining TeraConnect, John Langevin was director of strategic marketing for PMC-Sierra

Paxonet Announces 2 Products


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July 31, 2001 : Integrated 10-gigabit Ethernet/OC192c transport device and low-power dual OC48 Sonet/SDH framer

OCPI Sees Q3 Slippage, Layoffs


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July 31, 2001 : Net income decreased 6.2% to $6.9M from $7.4M for Q3 2000 and 42.5% from $12.0M from Q2 2001; to trim about 110 manufacturing jobs

MRV Announces Q2 Returns


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July 30, 2001 : Revenues were $89.5 million, an increase of 21% over revenues of $73.9 million for Q2 2000

Coventor Offers MEMS VOA


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July 30, 2001 : Attenuator platform for optical network power management applications

Transparent Lures Cisco Exec


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July 30, 2001 : Transparent Networks appoints Wayne Cullen Vice President of Marketing

IntelliSpace Hires Lawyer


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July 30, 2001 : Phyllis G. Stein named General Counsel (slow news day)

Nortel Wins Overseas Deals


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July 30, 2001 : Wins $250 million in GSM awards from Chunghwa Telecom; to deliver UMTS network for Optimus in Portugal

Ciena Signs Agile Deal


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July 30, 2001 : Has signed a multimillion-dollar license agreement to use Agile Anywhere, a Web-based suite of collaborative manufacturing solutions

NurLogic Launches PLLs


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July 30, 2001 : Delivers family of phase locked loop -- PLL -- high-speed analog intellectual property ranging from 266 MHz to 4.8 GHz

Vpacket Cops Another $40M


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July 30, 2001 : Raises more than $40 million in its Series C funding round, bringing the total of investments to date to nearly $60 million

Overture Raises Curtain


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July 30, 2001 : Metro IP startup Overture Networks Inc. has completed its Series A round of funding led by Gray Ventures

LanOptics Reports on Q2


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July 30, 2001 : Revenues from continuing operations total $376,000; announces the final stages of its corporate restructuring

ONI Opens in Montreal


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July 30, 2001 : Its new Lightwave Design Centre in Montreal houses an optical research laboratory

Agere Adds to Portfolio


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July 30, 2001 : New pluggable transceivers, Netlight transceivers with extended temperature range, a 10-Gbit/s PIN receiver, and 2.5-Gbit/s receivers

Unisphere Names CFO


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July 30, 2001 : Announces the appointment of Mark Nasiff to the position of Chief Financial Officer

Alcatel to Acquire Kymata


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July 30, 2001 : Paper deal values the Scottish startup at 134 million Euros ($117 million)

Vitesse, Vixel Team on SANs


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July 30, 2001 : Vitesse and Vixel create 12-channel, 2-Gbit/s Fibre Channel loop switch IC for SANs

In-Stat Sees CLECs Surviving


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July 28, 2001 : According to Cahners In-Stat Group, CLECs should succeed in a volatile environment

Light Management Group Names CEO


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July 27, 2001 : Announces the appointment of Dr. Donald J. Iwacha, its current president, as its new Chief Executive Officer

OMM 86s 3D MEMS


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July 27, 2001 : To discontinue development of large-size photonic crossconnect subsystems based on analog MEMS technology; to cut 100 employees

Altera Announces 10-Gig Chip


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July 27, 2001 : 10-Gbit/s POS-PHY Level 4 chip-to-chip interface for next-generation POS Internet traffic, Ethernet, and ATM

AFOP Reports Q2 Slide


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July 27, 2001 : Alliance Fiber Optic's revenues for the second quarter totaled $4,568,000, a decrease of 38% from the first quarter

Finisar Lowers Expectations


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July 27, 2001 : Revenue and earnings for the fiscal first quarter ending July 31, 2001, to be lower than previously projected

Level 3 Scores $22M in Fiber Deals


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July 27, 2001 : To sell metropolitan dark fiber and related services to customers in North America and Europe

Veeco Posts Q2 Results


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July 27, 2001 : Sales for the quarter ended June 30 were $113.5 million: Pro forma diluted earnings per share were $0.42

Cisco to Acquire Allegro


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July 27, 2001 : Cisco common stock worth up to $181 million will be exchanged for all outstanding shares and options of Allegro Systems

JDSU Closes Fiscal Year


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July 27, 2001 : Sales for Q4 ended June 30 were 35% below the previous quarter; sales for the fiscal year of $3.2 billion were 83% above the prior year

360networks Leaves Nasdaq


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July 26, 2001 : Follows on Chapter 11 filing; will continue to trade on the Toronto Stock Exchange

Corvis Reports on Q2


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July 26, 2001 : Revenues of $65 million, pro forma net loss of $32.2 million or 9 cents per share

Report Sees ATM Boom


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July 26, 2001 : US ATM services revenue up 45% in 2001, according to latest research by Vertical Systems Group

Advanced Fibre Announces Results


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July 26, 2001 : Revenues for Q2 2001 were $78,609,000, compared with $101,232,000 for the second quarter of 2000

Corvis Wins Spanish Deployment


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July 26, 2001 : Telefónica to use Corvis's next-generation optical networking products to connect Mallorca with the mainland

Nortel Declares Dividend


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July 26, 2001 : Declares preferred share dividends; announces conversion of Series 4 preferred shares into common shares

WorldCom Reports on Q2


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July 26, 2001 : Second quarter revenues up 12 percent; cash EPS 28 cents

Agere Posts Q3 Earnings


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July 26, 2001 : Revenues for the quarter, ended June 30, were $927 million, slightly above guidance; pro forma net loss of 30 cents per share

Alcatel Closes Quarter


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July 26, 2001 : Q2 net loss was €3,117 million (US$2.76B) for a diluted loss per share of €2.74 ($2.40) per A share
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