FBR Expands Coverage
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August 31, 2001 : Friedman Billings Ramsey & Co. initiates coverage of Ciena, Juniper, and Lucent with Underperform ratings
Component Insights Has Some
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August 31, 2001 : Announces ProteOSS Integration Product Suite, a frameworks solution for telecommunications industry providers
Teleglobe 'Revectors' 450 Jobs
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August 31, 2001 : To eliminate approximately 20 percent of its workforce and take a Q3 restructuring charge of $70 million to $90 million
Fitch Cuts Corning
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August 31, 2001 : Fitch has lowered Corning's senior unsecured debt to A- from A, the convertible preferred stock to BBB+ from A-
Terabeam Enters Dallas
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August 30, 2001 : Dallas will be the third US market to receive Terabeam's free-space optics service
Intel Outlines Cost Reduction
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August 30, 2001 : Ways for businesses to reduce their infrastructure costs while supporting ever-increasing demands for performance and bandwidth
Japanese School Picks Nortel
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August 30, 2001 : The University of Tsukuba has selected Nortel Networks to build the first university optical network in Japan
Stratos Reports on Q1
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August 30, 2001 : The net loss for the first quarter on a pro forma basis was $3.7 million, or $0.06 per share
Sichuan Unicom Selects Alcatel
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August 30, 2001 : Alcatel has signed a $20 million contract with Sichuan Unicom for transmission network expansion
Report: China Transport Thriving
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August 30, 2001 : China's optical transport market is on track to reach $1.9 billion for the full year, according to a recent report by RHK
Riverstone Sues Tellabs
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August 30, 2001 : Alleges Tellabs failed to make its minimum purchases pursuant to the Strategic Alliance Agreement between Riverstone and Tellab
Nortel Runs Ring Around Brazil
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August 30, 2001 : Nortel Networks delivers 3,000-kilometer, 10-Gbit/s optical ring for Brazil's Embratel
Sorrento Intros Automation Ware
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August 30, 2001 : Sorrento Networks introduces TeraConfigurator software to simplify carrier optical network planning and design
Tropic Names Sales Boss
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August 30, 2001 : David Grimes hired as the Company's new senior vice president of sales and marketing
Chastelet Joins Fiberspace Board
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August 29, 2001 : Digital Lightwave's chairman, president, and CEO, Gerry Chastelet, has been elected to the board of directors for Fiberspace
Redback Hires DeNuccio
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August 29, 2001 : Former senior Cisco executive Kevin DeNuccio has joined Redback Networks as president and chief executive officer
Acorn Ships Widget, Picks CEO
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August 29, 2001 : Announces delivery of its genFlow OC48c traffic management co-processor; Eric Broockman named president and CEO
Cogent, Allied Riser to Merge
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August 29, 2001 : Companies have entered into a definitive agreement for the acquisition of ARC by Cogent
Xanoptix Goes With Mapics
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August 29, 2001 : Mapics Inc. announces software license and professional services agreements with Xanoptix
Cable Spans Pacific
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August 29, 2001 : Japanese expected to embrace Doogie Howser reruns
Sphera Unveils Trading Scheme
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August 29, 2001 : Sphera's MetroHub solution provides a delivery mechanism for traded long-haul bandwidth
Mindspeed Passes Ethertest
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August 29, 2001 : Conexant subsidiary demos feasibility of Xaui 10-Gig Ethernet technology and interoperability with Blaze and Alvesta optical modules
AIFOtec Makes a Switch
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August 29, 2001 : AIFOtec 1x2 fiber optic switch is designed for use in configurable add/drops using singlemode fiber
Alcatel Helps Storm Storm US
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August 29, 2001 : Storm Telecommunications extends its pan-European network to the US with the Alcatel 1000 International Gateway Exchange
Navini Nabs $51 Million
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August 29, 2001 : New round of financing for broadband technology startup was led by Sternhill Partners
Peribit Borrows From Biology
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August 29, 2001 : Methods used to decode the human genome reveal that more than 70 to 90 percent of WAN traffic is littered with repetitive data
MEMS Gains Momentum
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August 29, 2001 : Sales of MEMS for use in optical networking will rise from $67M in 2001 to $2.3B in 2005, according to Cahners In-Stat
ITF Pumps It Up
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August 29, 2001 : ITF Optical Technologies launches its All-FiberT 980 nm Polarization Pump Combiner
Siemens, AT&T Expand Agreement
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August 29, 2001 : Siemens expands global network outsourcing agreement with AT&T to include North America
Lucent Hires Some Management
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August 29, 2001 : Global trade management firm Vastera enters into $25 million agreement with Lucent Technologies to manage its trade operations
Pangea Wins Swedish Deal
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August 29, 2001 : Has secured a contract to supply high-capacity network infrastructure to Tiscali Sweden
Optillion Appoints a CFO
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August 29, 2001 : Lars Carlson joins the company from XponCardGroup (formerly Graphium) where he was CFO
Finisar Reports on Q1
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August 28, 2001 : Revenues for Q1 2002 of $34.2 million were in line with expectations, up 26% from Q1 2001 but down sequentially by 35%
Comcast Lights Detroit Building
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August 28, 2001 : To provide high-speed Internet access via Comcast's fiber optic service, as well as Web hosting and other data services
FTTH Council Convenes
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August 28, 2001 : Fiber-to-the-Home Council elects eight members to its board of directors at its first meeting
Power X Unmasks Interface
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August 28, 2001 : Fully validated interface for the Intel IXP1200 network processor reduces development time for intelligent, multiservice platforms
Onetta Has Moved
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August 28, 2001 : Moves into new 52,000-square-foot corporate headquarters to increase production capabilities and accommodate business growth
FiberCity Offers Bargain DWDM
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August 28, 2001 : FiberCity Networks launches breakthrough metro DWDM system built for less than 10 percent of the cost of other systems
Kennedy Lands at Openwave
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August 28, 2001 : Kevin Kennedy, former senior VP at Cisco Systems, joins Openwave today as COO
Qwest Allies With Loudcloud
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August 28, 2001 : Qwest Communications and Loudcloud form strategic alliance to deliver full suite of managed Web hosting services
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