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Digital Teleport Goes Chapter 11
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December 31, 2001 : Files voluntary reorganization; obtains $5 million financing
Banks Give GX a Waiver
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December 31, 2001 : Agreement between Global Crossing and the banks provides for a waiver of certain financial covenants through February 13, 2002
MRV, Luminent Finalize Merger
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December 31, 2001 : Became effective on December 28, 2001
Paradyne Gets Elastic
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December 28, 2001 : Paradyne Networks to acquire Elastic Networks in a deal valued at approximately $28.8 million
Telia Sells Orbiant Group
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December 28, 2001 : Finalizes the agreement with Flextronics Network Services covering the sale of six companies belonging to the Orbiant Group
Opnet Names CFO
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December 27, 2001 : Joseph Kuhn has joined the company as chief financial officer
SBC Tears Off a Piece of Yahoo!
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December 27, 2001 : Yipee-ti-yi-oh!
SwitchCore Deals With Its Issues
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December 27, 2001 : Will start delivering devices in production volumes to customers about to launch their switches and routers
Verizon Touts NJ Investment
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December 26, 2001 : Investment in New Jersey communications network tops $1 billion this year; expects to offer long-distance service in 2002
Sanmina Appoints
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December 26, 2001 : Promotes company veterans to new positions; announces resignation of Robert Bradshaw, former president and general manager
Thermo Electron Buys Spectra-Physics
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December 24, 2001 : Thermo Electron Corp. has successfully completed its cash tender offer of $17.50 per share for Spectra-Physics Inc.
Accelerated, Occam File for Merger
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December 24, 2001 : Accelerated Networks and Occam Networks file S-4 registration statement pursuant to the proposed merger of the two companies
Lucent Unloads Customer Care
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December 24, 2001 : CSG Systems International to acquire Lucent Technologies' billing and customer care assets for approximately $300 million in cash
ATV Launches $800M Fund
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December 24, 2001 : Advanced Technology Ventures announces $800 million fund to invest in emerging IT and healthcare technology companies
EDS Takes Over Alcatel 's IT Services Unit
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December 24, 2001 : Acquisition of Ansaware will result in EDS providing IT services to Alcatel and other French companies
Lucent Sells Software Unit for $300m
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December 22, 2001 : CSG buys Lucent's billing and customer care assets for about $300 million in cash
KPNQwest Touts VPN Wins
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December 21, 2001 : According to survey from consultancy BRC, company is winning 50% of all current bids to implement new IP VPNs
Consortium Runs Ring Around Asia
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December 21, 2001 : Submarine cable system connects China, Hong Kong, Japan, Korea, Malaysia, Philippines, Singapore, and Taiwan
Marconi Gets out of Washing Machines
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December 21, 2001 : To sell its 50 percent share in General Domestic Appliances Holdings Ltd. to Merloni Elettrodomestici SpA for US$173 million
Zygo Lowers Outlook
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December 21, 2001 : Now expects 2Q02 sales to be in the range of $18 to $20 million with a loss per share of between $0.29 and $0.33
Global Crossing Nixes Loan
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December 21, 2001 : Asia Global Crossing Ltd. has requested a loan of $400 million; Global Crossing is not prepared to make it
Nortel Offers Updates
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December 21, 2001 : Provides update on fourth quarter of 2001; also announces amendments to certain committed credit facilities
360networks Gets Extensions
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December 21, 2001 : US Bankruptcy Court approves a 6-month extension of a cash collateral order; Supreme Court of BC extends the time to file a reorg plan
CableLabs Certifies Seven
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December 21, 2001 : Ambit, Arris, Ericsson, Scientific-Atlanta, Tellabs, Toshiba, and Texas Instruments receive DOCSIS certification from CableLabs
Fitch Remains Negative
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December 21, 2001 : AT&T and Comcast remain on Rating Watch Negative as their merger proceeds
MRV Reaffirms Guidance
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December 21, 2001 : Reaffirms its increased revenue guidance (excluding Luminent) of $54-$58 million for the fourth fiscal quarter ending December 31, 2001
Applied Materials Boasts Sales
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December 20, 2001 : Applied Materials' TEOS FSG low k film gains broad acceptance for volume manufacturing of copper chips
Pittsburgh Libraries Get Yiped
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December 20, 2001 : Yipes has completed Phase I of a 250-mile optical data network linking libraries across Allegheny County
New Focus Adds to Board
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December 20, 2001 : Don G. Hallacy and Dr. Peter F. Bordui have joined the company's board of directors
Light Reading Displays Privates
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December 20, 2001 : Revises Top Ten Private Companies list; Unisphere named most likely IPO candidate
Stocker Yale Polarizes
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December 20, 2001 : Polarization maintaining fiber is available in operation wavelengths in the range of 850nm to 1550nm
Agilent Oscillates
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December 20, 2001 : Introduces surface-mount, voltage-controlled oscillators for 40-Gbit/s networking systems
JDSU to Buy IBM Transceiver Division
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December 20, 2001 : JDS Uniphase Corp. has agreed to purchase the optical transceiver business of IBM for $340 million in cash and stock
Marconi Dumps Petrol
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December 20, 2001 : Sells Marconi Commerce Systems, a supplier of fuel dispensing equipment, to Danaher Corp. for $325 million
Juniper Warns
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December 20, 2001 : Expects revenue for the fourth quarter of 2001 to be approximately $150-155 million, down from the original guidance of $200 million
Siemens, Pirelli Combine in Sumatra
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December 20, 2001 : Install new submarine and terrestrial fiber optic backbone in Sumatra – order worth more than $62.8 million
ElectroniCast Celebrates 20th Birthday
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December 20, 2001 : ElectroniCast was founded in 1981 to meet the information needs of communication industry planners and related suppliers
HP, Net Insight Join on Video
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December 20, 2001 : Become partners in the introduction of a new system for high quality video conferencing
Zolo Zmuxes
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December 20, 2001 : Delivering passive Zmux thermally compensated (PTC) multiplexers and demultiplexers
Riverstone Reports Record Q3
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December 19, 2001 : Reports revenues of $60.1 million for its fiscal third quarter 2002, a 124 percent increase compared with the same period last year
IBM Gets IP Infusion
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December 19, 2001 : IP Infusion's ZebOS Advanced Routing Suite has been ported to the IBM PowerNP NP4GS3 network processor
Boffins Set a Record
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December 19, 2001 : Researchers at the University of Essex claim a world record for the amount of computer data sent over a single multimode optical fiber
Alcatel CIT Laying Off
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December 19, 2001 : Je te couperai le job!
Broadcom Adds to Processor Suite
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December 19, 2001 : Highly integrated BCM112x products scale up to 1 GHz with power consumption starting below 4 Watts
PMCS & TSMC OEM CMOS SOC
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December 19, 2001 : PMC-Sierra and Taiwan Semiconductor Manufacturing Co. collaborate to develop system-on-chip products with higher levels of integration
Peribit Scores in Korea
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December 19, 2001 : Leading Korean systems integrator to distribute Peribit's WAN optimization products to Korea's enterprise market
Vpacket Teams With CommWorks
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December 19, 2001 : To develop cost-effective, revenue-generating technologies for delivering converged networks to the enterprise
Telecom Outlook Report Published
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December 19, 2001 : New report from the IEC identifies potential growth areas in the rapidly changing telecommunications environment
GiantLoop to Sell ConEd Fiber
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December 19, 2001 : GiantLoop will resell ConEd Communication's dark fiber in NYC and surrounding areas
Cisco Goes European
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December 19, 2001 : Tiscali, the leading pan-European Internet communication company, will implement Cisco's MPLS technology
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