Light Reading
As expected, Marlin Equity will combine the Tellabs and Coriant optical businesses under the Coriant name, with Dan Kelly taking an advisory role during the transition.

Tellabs CEO Kelly Out as Brand Goes Bye-Bye

Dan Jones
1/31/2014
50%
50%

Tellabs CEO Dan Kelly is on his way out as Marlin Equity moves ahead with its plans to merge its Tellabs and Coriant businesses under the Coriant brand.

Marlin Equity Partners said in a press release this week that Kelly has stepped down as chairman and CEO of Tellabs Inc. (Nasdaq: TLAB; Frankfurt: BTLA) but will take an advisory role during the transition. (See Tellabs Delivers Final Earnings Fizzle.)

Marlin closed its acquisition of the troubled optical equipment vendor Tellabs for $891 million in December. Marlin, an emerging optical powerhouse, had been expected to roll some or all of the Tellabs assets into Coriant. (See Tellabs' Last Hope: Marlin's Optical Ambition and Tellabs to Be Sold to Marlin for $891M.)

In February of last year, Marlin created Coriant by combining optical units from Sycamore and NSN. (See Sycamore + NSN Optical = Coriant.)

A Light Reading regular, brookseven, even predicted on our message board in December that the Tellabs CEO was on the way out. "I expect Dan... to be gone within 90 days." (See Tellabs: To Be Continued.)

Marlin has appointed Bob Leggett as chairman of the board, Pat DiPietro as CEO, and Herbert Merz as president and chief operating officer of the unified organization. It has also said that it will establish an independent business for the Tellabs Access product portfolio.

The PE firm hasn't specified how long combining the two optical units will take.

— Dan Jones, Mobile Editor, Light Reading

(8)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
DanJones
50%
50%
DanJones,
User Rank: Blogger
2/1/2014 | 3:23:47 PM
Re: Pat DiPietro?
Everything read up on when I was writing this story suggested that optical LAN was a slow sell cycle even if it was steady. Not the kind of thing to get financial analysts excited, generally speaking.
DOShea
50%
50%
DOShea,
User Rank: Blogger
2/1/2014 | 10:56:31 AM
Re: Pat DiPietro?
Ok, I'm placing my bets on Seattle and Calix then... The Tellabs guys really tried to brag on the optical LAN stuff quite a bit, though it never seemed to impress the financial analysts who followed them. Maybe Coriant sees something there despite other LAN tech options?
brookseven
50%
50%
brookseven,
User Rank: Light Sabre
2/1/2014 | 1:19:12 AM
Re: Pat DiPietro?
 

As a NY Giants fan (I grew up in Upstate NY), I want the Seachickens to win.  Gotta love Eli at 2 with Peyton at 1.  But I somehow think it will be Peyton as I think Russell Wilson's inexperience will be the difference.

As to a plan, it would seem to me that Coriant could cut the current structure to profitability and invest in some new technology.  Between the fNSN and fTellabs there has to be lots of overlap.

As an extra notion, I heard the Optical LAN Access product is staying with Coriant.  Either way, I will bet they will sell the fAFC product.  Calix is the natural buyer as it would make them a vendor to Tier 1 telcos.

seven

 

 
DOShea
50%
50%
DOShea,
User Rank: Blogger
1/31/2014 | 9:34:30 PM
Re: Pat DiPietro?
Good call. Who do you like in the Super Bowl? (Though maybe it's too soon to ask after the 49ers just missed...)
DOShea
50%
50%
DOShea,
User Rank: Blogger
1/31/2014 | 9:32:37 PM
Re: Pat DiPietro?
Maybe they have one eye on an IPO. They have been getting some decent 100G wins of late--TeliaSonera and others. DiPietro is not necessarily the first person you would think of for this job even though he does have relevant experience. Maybe he was the one pushing Marlin's money in this direction.
DanJones
50%
50%
DanJones,
User Rank: Blogger
1/31/2014 | 7:35:26 PM
Re: Pat DiPietro?
Marlin's long-term game plan isn't obvious to me. Is Coriant some kind of optical Borg that swallows up the reminants of dead or dying optical firms now? Aren't really that many left are there?
brookseven
50%
50%
brookseven,
User Rank: Light Sabre
1/31/2014 | 7:10:11 PM
Re: Pat DiPietro?
 

So, score one for the old guy from Petaluma.  Which is too bad, because Dan Kelly is a really nice man. 

 

seven

 
DanJones
50%
50%
DanJones,
User Rank: Blogger
1/31/2014 | 6:00:17 PM
Pat DiPietro?
Pat DiPetro was VP of 3G Systems at Nortel way back when. He's been on optical and wireless boards through PE firms since about about 2001 though.
Flash Poll
From The Founder
It's clear to me that the communications industry is divided into two types of people, and only one is living in the real world.
LRTV Huawei Video Resource Center
Building a Secure Telefonica Network With Huawei's High-End Firewall

11|24|14   |   4:37   |   (0) comments


Andrew Davies, IP architect of the Telefonica, a leading digital communications company, discusses the Huawei security gateway solution and putting the solution into the testbed.
LRTV Huawei Video Resource Center
Huawei Partners with Spirent to Verify CE12816's 10GE Port & TRILL Networking Capabilities

11|24|14   |   2:50   |   (0) comments


Spirent Communications is the world's leading supplier for telecom testing appliances and solutions. Spirent has been in a close partnership with Huawei for a long time.
LRTV Huawei Video Resource Center
Saudi Airlines & Its ICT Transformation

11|24|14   |   2:07   |   (0) comments


In this video, Saudi Airlines discusses its network problems and how Huawei's Agile Network is its all-in-one solution.
LRTV Huawei Video Resource Center
Huawei's Agile Switch Benefiting Saudi Arabia's Yamamah Hospital

11|24|14   |   2:40   |   (0) comments


Saudi Arabia's Yamamah Hospital speaks about how Huawei's Agile Switch has improved the medical service's network infrastructure.
LRTV Huawei Video Resource Center
FanPlay & Huawei Build a Wireless Agile Smart Stadium

11|24|14   |   2:13   |   (0) comments


FanPlay is a cloud-based white label service, which is effectively a football fan engagement platform underpinned by mobile payment technology.
LRTV Huawei Video Resource Center
Building an Agile Stadium

11|24|14   |   3:54   |   (0) comments


Stadiums may be thousands of tons of concrete and steel, but they now need to be agile. Being at the stadium may not be as alluring as it once was. Sports franchises and stadium operators discuss how to get fans back.
LRTV Huawei Video Resource Center
Huawei Helps ChinaCache Tackle Challenges in the Internet Industry

11|24|14   |   3:09   |   (0) comments


ChinaCache is China's largest content distribution network supplier. Huawei's CE12800 has provided ChinaCache with very strong support in its establishment of an infrastructure network.
LRTV Huawei Video Resource Center
Cefinity on Managed Security Services & Next-Generation Firewall

11|24|14   |   7:05   |   (0) comments


Cefinity is a cloud management service provider in Southeast Asia. Ivan Zhang, CEO of the company, discusses the implementation of security service management in the cloud era.
LRTV Huawei Video Resource Center
Huawei's Agile Gateway in the Eyes of Cefinity

11|24|14   |   2:11   |   (0) comments


Cefinity is a managed service provider for enterprise networks. The company currently uses Huawei's AR series routers for the most complete range of functions. CEO Ivan Zhang speaks about the advantages of the AR series routers.
LRTV Huawei Video Resource Center
CTO of Bus-Online Talks About Huawei's Agile Gateway

11|24|14   |   2:53   |   (0) comments


Bus-Online covers around 100 million users everyday. In addition to providing mobile TV, and advertising services to the public, Bus-Online has also entered the field of mobile Internet.
LRTV Huawei Video Resource Center
Amsterdam ArenA as an Agile Campus

11|24|14   |   3:31   |   (0) comments


The Amsterdam ArenA, home of the Ajax soccer team, can be a crowded space. ArenA has partnered with Huawei to work on bringing ample bandwidth to 53,000 people at the same time.
LRTV Huawei Video Resource Center
Building a Gigabit Wireless Network

11|24|14   |   3:15   |   (0) comments


3W is dedicated to customer-centric services such as catering, incubator and PR. To do this requires a solid IT structure. In this video, 3W discusses how Huawei has helped to achieve its goals.
Upcoming Live Events
December 2, 2014, New York City
December 3, 2014, New York City
December 8-10, 2014, Reykjavik, Iceland
February 12, 2015, Atlanta, GA
April 14, 2015, New York City, NY
May 6, 2015, McCormick Convention Center, Chicago, IL
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 9-10, 2015, Chicago, IL
Infographics
Irish Telecom outlines the rise of VoIP technology, including its adoption within businesses and their perception of its quality.
Hot Topics
Bell Labs Chief Slams 'Toy' Networks
Robert Clark, 11/19/2014
$38.3M: Ain't That a Kik in the SMS
Sarah Reedy, Senior Editor, 11/20/2014
Do You Have a 2020 Vision?
Dennis Mendyk, Vice President of Research, Heavy Reading, 11/21/2014
The New Wave of IP + Optical Integration
Ray Le Maistre, Editor-in-chief, 11/21/2014
$35B+ Spectrum Auction Dings Verizon, Shines Dish
Dan Jones, Mobile Editor, 11/24/2014
Like Us on Facebook
Twitter Feed