Files voluntary reorganization; obtains $5 million financing
Agreement between Global Crossing and the banks provides for a waiver of certain financial covenants through February 13, 2002
Became effective on December 28, 2001
Paradyne Networks to acquire Elastic Networks in a deal valued at approximately $28.8 million
Finalizes the agreement with Flextronics Network Services covering the sale of six companies belonging to the Orbiant Group
Joseph Kuhn has joined the company as chief financial officer
Yipee-ti-yi-oh!
Will start delivering devices in production volumes to customers about to launch their switches and routers
Investment in New Jersey communications network tops $1 billion this year; expects to offer long-distance service in 2002
Promotes company veterans to new positions; announces resignation of Robert Bradshaw, former president and general manager
Thermo Electron Corp. has successfully completed its cash tender offer of $17.50 per share for Spectra-Physics Inc.
Accelerated Networks and Occam Networks file S-4 registration statement pursuant to the proposed merger of the two companies
CSG Systems International to acquire Lucent Technologies' billing and customer care assets for approximately $300 million in cash
Advanced Technology Ventures announces $800 million fund to invest in emerging IT and healthcare technology companies
Acquisition of Ansaware will result in EDS providing IT services to Alcatel and other French companies
CSG buys Lucent's billing and customer care assets for about $300 million in cash
According to survey from consultancy BRC, company is winning 50% of all current bids to implement new IP VPNs
Submarine cable system connects China, Hong Kong, Japan, Korea, Malaysia, Philippines, Singapore, and Taiwan
To sell its 50 percent share in General Domestic Appliances Holdings Ltd. to Merloni Elettrodomestici SpA for US$173 million
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
Asia Global Crossing Ltd. has requested a loan of $400 million; Global Crossing is not prepared to make it
Provides update on fourth quarter of 2001; also announces amendments to certain committed credit facilities
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
Ambit, Arris, Ericsson, Scientific-Atlanta, Tellabs, Toshiba, and Texas Instruments receive DOCSIS certification from CableLabs
AT&T and Comcast remain on Rating Watch Negative as their merger proceeds
Reaffirms its increased revenue guidance (excluding Luminent) of $54-$58 million for the fourth fiscal quarter ending December 31, 2001
Applied Materials' TEOS FSG low k film gains broad acceptance for volume manufacturing of copper chips
Yipes has completed Phase I of a 250-mile optical data network linking libraries across Allegheny County
Don G. Hallacy and Dr. Peter F. Bordui have joined the company's board of directors
Revises Top Ten Private Companies list; Unisphere named most likely IPO candidate
Polarization maintaining fiber is available in operation wavelengths in the range of 850nm to 1550nm
Introduces surface-mount, voltage-controlled oscillators for 40-Gbit/s networking systems
JDS Uniphase Corp. has agreed to purchase the optical transceiver business of IBM for $340 million in cash and stock
Sells Marconi Commerce Systems, a supplier of fuel dispensing equipment, to Danaher Corp. for $325 million
Expects revenue for the fourth quarter of 2001 to be approximately $150-155 million, down from the original guidance of $200 million
Install new submarine and terrestrial fiber optic backbone in Sumatra – order worth more than $62.8 million
ElectroniCast was founded in 1981 to meet the information needs of communication industry planners and related suppliers
Become partners in the introduction of a new system for high quality video conferencing
Delivering passive Zmux thermally compensated (PTC) multiplexers and demultiplexers
Reports revenues of $60.1 million for its fiscal third quarter 2002, a 124 percent increase compared with the same period last year
IP Infusion's ZebOS Advanced Routing Suite has been ported to the IBM PowerNP NP4GS3 network processor
Researchers at the University of Essex claim a world record for the amount of computer data sent over a single multimode optical fiber
Je te couperai le job!
Highly integrated BCM112x products scale up to 1 GHz with power consumption starting below 4 Watts
PMC-Sierra and Taiwan Semiconductor Manufacturing Co. collaborate to develop system-on-chip products with higher levels of integration
Leading Korean systems integrator to distribute Peribit's WAN optimization products to Korea's enterprise market
To develop cost-effective, revenue-generating technologies for delivering converged networks to the enterprise
New report from the IEC identifies potential growth areas in the rapidly changing telecommunications environment
GiantLoop will resell ConEd Communication's dark fiber in NYC and surrounding areas
Tiscali, the leading pan-European Internet communication company, will implement Cisco's MPLS technology
Opens a sales office in Shenzhen, China
Alcatel has signed a $12M dollar contract with Saudi Telecom Co. to deliver its LMDS (local multipoint distribution service) solution
KPNQwest to provide the United Kingdom Education and Research Networking Association (UKERNA) with an IP Transit service to the US
Advanced silicon germanium carbon clock driver family provides new choices for system design to 3.0 GHz
Company’s custom Reconfigurable Optical Add/Drop Multiplexing designs include 2, 4, or 8 channel, or larger configurations
Scott Lyons brings more than 20 years of telecommunications and marine construction experience to the 360networks board
Industry's first '48-Port FE + 4-Port GbE' switch in a 1U form factor
The four most recent suppliers to sign strategic alliance agreements with Lucent are AVX, FCI, JDS Uniphase, and Texas Instruments
Hopes to raise approximately $150 million through a private offering of convertible subordinated notes due 2008
Announces enhanced Internet Protocol standard IPv6 capabilities on its SmartBits test system
Separates mobile communications, broadband access, and Internet infrastructure; to merge wireless business with Alpha Industries
Secures additional $7 million in financing from Ericsson Venture Partners and Saturn Venture Partners
Its gain flattening optical components have passed the Telcordia GR-1221 and GR-1209 environmental testing guidelines
Tim Gigg, formerly Director of Operations at Global Crossing UK, has been appointed as Fibernet’s UK Network Operations Director
Native Networks and Kenetec join forces to deliver broadband data plus voice solutions
According to ElectroniCast, global consumption of fiber optic couplers will reach $1.18 billion in 2005 and $2.8 billion by 2010
NetOctave has licensed the SSH IPSec Express Toolkit for high-speed security processors
Sonus Networks opens regional office in Beijing, appoints former Juniper sales director Michael Li to serve as country director
Metromedia Fiber Network will provide Internet connectivity and co-location services to ChainCast Networks
Announce joint sales and marketing agreement for active fiber optic components and modules; NEC to expand N. America business
Cisco 12000 series Internet routers and Cisco 7500 series routers chosen for three new IDCs in Korea
Its Deep Fiber Solutions have been selected for a pilot network in Chelan County, Washington
Fahri Diner has joined Xebeo Communications' board of directors
Shipping 10GBASE-LX4 compliant transceivers in the XENPAK MSA pluggable form factor
Strategic alliance will focus on acquiring, developing, and commercializing MEMS technology and intellectual property
Has introduced a new, monolithic, 16 element, large area avalanche photodiode (LAAPD) array
Dynamic Band Equalizer to both monitor and adjust the power levels in groups of four bands based on 50, 100, or 200 GHz channel grids
China Netcom selects Unisphere Networks’ ERX Edge Router and Service Selection Center for broadband service delivery
Huge Dallas-based industrial firm breaks bandwidth bottlenecks with high-speed Yipes service
10-gigabit Ethernet, Xenpak-compliant, serial transceiver module for metro access networks
Its Manchester fiber optic network completes its 32 European city networks rollout
Launches Ethernet private line service in US and Europe over its scaleable optical MPLS network
Mumford was previously president, Optical Long Haul Networks
Lightspeed Europe 2001 and Last Mile Europe 2001 events pronounced a success
Gary Brown appointed to the newly created position of chief operating officer
eAccess Ltd. will extend its deployment of the Redback® SMS™ 10000 subscriber management system
Federal jury has ruled in favor of Broadcom on all of the infringement claims brought by Intel regarding two of its patents
Marconi will get 12,891,000 shares in Bookham, valued at £19.7 million
The IQ2200 improves system integration and time-to-market for multi-gigabit Ethernet and OC48 applications
On the outstanding Nortel Networks Cumulative Redeemable Class A Preferred Shares Series 5
Announces the approval, by its lenders, of an amendment to its Credit Agreement
French company launches its US subsidiary in Emeryville
Compaq board of directors sends letter to the Hewlett Foundation, which opposes the transaction
Net.com had filed suit against CoSine to prevent two former net.com employees hired by CoSine from appropriating net.com's trade secrets
Single-chip AD8304 logarithmic converter provides 160 dB dynamic range, 0.1 dB accuracy, and direct interface to photodiodes
Fitch has changed the rating outlook on Qwest Communications to Negative from Stable
New M27205 10-gigabit SkyRail SerDes transceiver exceeds 10-gigabit Ethernet specifications in recent interoperability tests
Has sold its Automation Systems Group to Brooks Automation for $11 million cash
Has been awarded a contract to provide gigabit Ethernet service to Norlight Telecommunications
For 2001, the company expects reported revenue of approximately $19.8 billion; expects to reduce its workforce by 7,000 by mid-2002
$1.4 billion in bondholder debt eliminated and pre-existing shareholders maintain nearly 80 percent of the company
Yankee Group predicts network integration services to carrier market will reach $9.5 billion by 2005
Telecom Package gives the European Commission powers to oversee national regulatory regimes
IPG gift establishes new photonics laboratory at Worcester Polytechnic Institute
Claims world's first wide optical bandwidth electro-absorption modulator based on indium phosphide
With MPLS Draft-Martini, Foundry's NetIron Internet router delivers end-to-end Layer 2 virtual private network
Integrating the Tornado for Managed Switches (TMS) 2.0 product line with the IBM PowerNP NP4GS3 Network Processor
Bounced from Nasdaq, expects to begin trading on the NASD over the counter bulletin board
A number of positions will be centralised at the Swedish head office and the activities of the subsidiary Wineasy will be coordinated
New series of 10-Gbit/s distributed feedback (DFB) laser diodes for high-speed, high-volume Internet communications
New software for PacketShaper and AppVantage enables delivery of end-to-end application performance over MPLS networks
Expects pro forma Q1 loss per share of 23 cents to 26 cents, return to profitability and positive cash flow during fiscal year 2002
Internet Photonics formed to deliver carrier-grade optical Ethernet solutions for metro networks, raises $31 million to date
Fourth-quarter revenue of $367.8 million, adjusted net income of $0.05 per diluted share, net loss of $1.8 billion
Has passed the International Organization for Standardization (ISO) 9001 registration audit
To collaborate with Pisa Research Center on the development of Automatic Switched Optical Network (ASON) technology based on GMPLS
Ultra-compact optical channel performance monitors (OCPMs), based on highly efficient VPG and InGaAs array detector
New capabilities offer embedded personal firewall and increased performance
Its first carrier-grade server ‘building block’ products that conform to stringent telecommunications reliability requirements
Communications Industry Researchers releases 300-page study on the metro core optical networking market
Develops silver-based gradient index (GRIN) lens for telecom applications
Ted Finlan, ex-Telcordia, has joined the company as director of product management
Has declared a regular quarterly cash dividend of one and one quarter cents per common share
New modules for the Acterna ONT-50 and ANT-10Gig testers provide portable 10-Gbit/s test solutions for optical and Sonet/SDH networks
Complaint alleges that the Prospectus filed preparatory to its IPO was 'materially false and misleading'
Deborah Sellers named senior vice president of sales at Sphera Optical Networks
British Telecom announced that it had named Ben Verwaayen, vice chairman of Lucent Technologies, as its new chief executive
Corning and Hitachi Cable sign a memorandum of understanding to explore joint cable manufacturing in Japan
Ericsson founding member of Ethernet alliance promoting open standards in the first mile
No injuries reported
NexVerse Networks secures $15 million in private financing; acquires ipVerse product and related assets
Cahners In-Stat says the market for optical linear amplifiers on long-haul and MAN apps will grow from about $3.3B in 2001 to $4.7B in 2006
To integrate EXFO’s automated manufacturing subsystems and test systems into ATS’s turnkey custom and standard automation solutions
ATM Service Intelligence software for DSLAM backhaul applications
Quake Technologies has reduced its workforce by 11
Announces working prototypes of an internally developed Parallel Optical Transceiver module
Acquires Siemens' 51 percent stake in Indonesian optical fiber cable company
Has completed the placement of its series J preferred stock and warrants, raising up to $9.3 million
Infonetics research says Tellium has 25 percent of third quarter 2001 market share
Network capacity to qwadruple, enabling 190 universities to work on global issues; Qwest's investment is valued at $300 million
Successfully completes optical system testing With China's Wuhan Research Institute
Essex has provided high resolution hyperfine WDM information to the Massachusetts Institute of Technology
Has received commitments to finance a pilot plant for the company's Plasma Outside Vapor Deposition (POVD) technology
Plans to make transceivers, transponders for high speed interconnects in switches and routers
Newsletter sorts through the field of leading players and outlines the hot and cold optical switching technologies
OptiWork, Inc. secures $13M financing in a third round of funding led by PouChen Group
Releases integrated Cisco Internetwork Operating System simulation tool, MIMIC IOS Simulator, as part of MIMIC Simulator 5.20
Sorrento's DWDM equipment to be deployed in Looking Glass Networks' Washington, D.C., fiber optic network
Bob Fish, ex-Cisco, appointed vice president of corporate strategy for CloudShield Technologies
Announce new integration between the two companies' network management offerings
Steven DeFrain, ex-Mitel, will be responsible for StarGen's sales operations in the western US
ChinaNet boosts backbone to 10-gigabit speeds with Cisco 12400 Internet routers
Dominion Ingenieria will supply the Integral Access PurePacket products to service providers in Spain and Portugal
Second round of venture capital funding, led by Investor AB, included 3i and Boston University's Community Technology Fund
Adds BGP-4, OSPF, and IS-IS routing protocols to its Adtech Routing Conformance Test Suites
IEEE's 10 Gigabit Task Force resolves all outstanding technical issues and moves to sponsor ballot
Steven Haley, ex-Juniper and Cisco, has joined the company's board of directors
The MT92210 is a TDM-to-IP network processor; the MT92220 offers TDM-to-IP or voice-over-ATM
The Total Access OPTI-3 delivers three DS3s in one tenth the space of typical OC3 multiplexers
Will provide YellowBrix with optical IP infrastructure and colocation
Series B investment led by Sevin Rosen Funds; company also expands PathControl product line introduced in August 2001
Has purchased from Koninklijke KPN NV approximately 14 million shares of KPNQwest; KPNQwest announces IP VPN solution contract
Has signed a contract with Mississippi-based Telepak Networks to provide dark fiber in Mississippi and Louisiana
Siemens ICN appoints Greg Langdon chief technology officer for carrier products, and Dennis Young as chief operating officer
The Ethernet in the First Mile Alliance (EFMA) will support the EFM standards effort conducted in the IEEE's P802.3ah Task Force
Will provide broadband connectivity products, systems, and integration services
Engineering samples of its Coolerless 980nm laser pump module, EPM980, for erbium-doped fiber amplifiers
Sees 'glimmer of hope on the horizon' for slumping DSL IC market
Realizes high yields of 1550nm and 1600nm fixed wavelength VCSELs
Astral Point installs beta version of ON 7000 integrated optical transport node in ILEC facility
Has signed a five-year $80 million networking supply agreement with Grande Communications, a Texas-based broadband service provider
Says it's the first operator to activate MPLS on an OC192 transatlantic link
Adds third party service provisioning capabilities to the Shasta 5000 Broadband Services Node
Bought 95,729,946 ordinary shares, 3.43% of the issued share capital of Marconi, On Dec 7
Law firm alleges shareholder equity was "destroyed" in exchange for $800m cash infusion on Nov 29, 2001
"Major" contract is with un-named submarine system manufacturer
Claims industry first with high speed SSL (secure sockets layer) chips
The ON 7000 Integrated Optical Transport Node has started trials
Will spend $250 million to break into FPGA market
Its 1 Watt GaAs FET amplifier, the AH201, targets broadband wireless applications
Will use IDT's RC32355 comms processor and CODECs in its fiber-to-the-home equipment
Companies will offer joint reference designs that incorporate AMCC's network processor with Cavium's security chip
Photonics startup now has $24M
Steven Haley, ex Juniper, Cisco and StrataCom, joins board of service-aware switch startup
Optical equipment renamed under "Flashwave" brand and given logical numbering system
Behrooz Rezvani is elected editor of the draft standard for Ethernet in the First Mile (EFM) over copper
New gear deploys last-mile Ethernet for metro networks
Alcatel plans multiprovince optical backbone for Chinese provider
Optical semiconductor firm hires former Intel director
Group says royalty-free offering will speed adoption of embedded specs
Appoints Electec NorCal as its manufacturer's representative in Northern California
Metro equipment maker sets up San Diego and opens regional US offices
Dispute claim that IntelliSpace is physically deploying Cisco routers globally throughout its network
Sohale Mufti appointed chief of marketing and sales, and Bill Simpson senior quality engineer
$27 million from the DKB Bank of Germany and will bring the total investment in the new plant to approximately $50 million
Verizon's network in downtown Seattle will compete directly with Qwest Communications
Have completed the merger of the two companies after receiving approval from their respective stockholders
FCC report ranks Qwest Communications first among major local service providers in key service categories
DMT-based data transceiver meets international standards for four-band, 12MHz VDSL
Has successfully deployed more than 20,000 WDM channel cards in metropolitan networks
Richard J. Hanna was CEO of Cidera
Third-party multivendor interoperability testing of MPLS on the Alcatel 7670 Routing Switch Platform and 7411 Broadband Access Server
Robert Richmond has joined NEC Eluminant Technologies as senior vice president and chief technology officer
For the quarter ended October 31, 2001, the company reported revenues of $10.1 million
IntelliSpace is using the Cisco 7600 in the backbone of its network
48 channels and 2.5 Gbps per channel make the T48 the highest density optical interconnect module available today, company claims
Latest study shows Foundry Networks takes top spot with 35.3% Of Layer 3 fixed-configuration Ethernet switch port shipments
Adopts a shareholder rights plan to help protect investors against potential unsolicited takeover attempts that are coercive or unfair
Gary Seagraves is vice president of operations and Joann Johnson is vice president of finance
Closes its largest round of financing to date
Mobius Venture Capital (formerly SOFTBANK Venture Capital) led the round; other investors include AOL Time Warner Ventures
AFOP's New CFO, Phil Rehkemper, was previously corporate controller at Calient Networks
Song Networks leases fiber to Sweden's National carrier, Telia, and outsources its mobile business
Woodrow Cannon replaces Marty Kaplan, who served as the company’s CEO since June of 2001
Cuts another 950 jobs
Fiber optic company revises first quarter 2002 outlook
Foundry gets funding round from European Digital Partners, Intel Capital and private investors
Siemens AG has given up its voting right majority on Infineon Technolgies AG shares
David Huber tells Lightspeed Europe conference that fast, flexible optically optimized networks will differentiate carriers
Leads the Subscriber Management Router category in the third quarter of 2001, based on a report issued by Infonetics Research
Molex, iTracs sign global alliance to develop IT physical layer management solution
The New Focus iPBC performs the dual functionality of a polarization beam combiner and an isolator
Largest ever gigabit laser deployment beams across South Africa's defense industry
Has been awarded a US$110 million contract from Chunghwa Telecom, Taiwan's incumbent operator
Has been selected by PentaCom as a key supplier in the development of its Moscow region broadband network
Launches New York City/New Jersey network, successfully meeting its planned buildout schedule for 2001
Expands fiber optic design and manufacturing capabilities
Has acquired Global Knowledge Services, which provides advanced data mining services to improve semiconductor manufacturing yield
David Lam, founder of Lam Research, joins its technical advisory board
Appoints Kevin Kennedy, CEO of Openwave Systems, and Richard T. Liebhaber, retired executive VP and CTO of MCI Communications
Nortel Networks, SBC Communications, and Northwestern University trial OMNInet test bed for next-generation applications
Second financing round was led by a new investor, Advent International
Lightspeed Semiconductor has appointed Michael Sydow vice president of marketing and applications engineering
Telindus, Landis Public Networks, and Sirti Limited have joined its Global BusinessPartner program
MEMS-based digital variable optical attenuator and fast dynamic gain equalizer
Integrated Tap Monitor Array (ITMA), a compact, multichannel power monitor for optical networks
Former SDL executive Richard Craig joins Santur Corp. as CEO
Claims breakthrough performance in its silicon germanium (SiGe) integrated circuit process technology
Next-gen services demonstrated using IPDR standard at Softswitch Expo 2001
Clock driver capable of providing the high voltage levels required by optical return-to-zero systems for advanced OC192 fiber optic networks
Offers industry’s first optical power head and sensor
Is providing light-speed data services to the North American headquarters of Dresdner RCM Global Investors
Will lead a consortium building a pan-European, high-capacity IPv6 research network largely funded by the European Commission
RHK report says Corvis controlled 77 percent of the total market for photonic optical core switches in 2001
Introduces small form factor clock and data recovery module for 12-Gbit/s transmission systems
Multiservice optical access platform and service-aware network management system
James T. Wandrey, formerly at Next Level, appointed chief financial officer; sets up European software design facility
JumpStart 400 optical access platform for carrier optical edge applications
EurNetCity selects Juniper Networks for advanced metropolitan network services, video on demand, and secure Internet options
Plans to offer services in eight new markets in 2002, using existing capacity from other carriers
Sprint to use MFN's global infrastructure to expand last mile footprint
COMET portfolio includes the ONS 15808 long-haul/extended long-haul DWDM system; Williams has selected the ONS 15454 for metro transport
Completes $127.5 million sale of Optical Sensing Systems business to Weatherford International
Intercity Ethernet services among all of its 63 US markets
Complete chassis-based 14-port reference design kit based on the Star-200 TeraChannel switch fabric chip set
Cisco ONS 15540 metro DWDM platform interoperates with IBM, MFN, Compaq
Can support 10 SDH/Sonet client signals on one signal wavelength by multiplexing/demultiplexing 2 STM4/OC12 and 8 STM1/OC3 signals
Michael Leigh, president and co-founder of Lynx Photonic Networks, to speak on European optical switch panel at Lightspeed Europe 2001
French firm has selected Architect MEMS design software from Coventor
Global consumption value for optical modulator market will increase about 40.3% per year over the next five years to $1.37B in 2006
RouterTester 900 increases protocol and traffic testing capacity and port density; Cisco Systems selects SOC test systems
Harris Corp. to manufacture optical networking devices incorporating hyperfine WDM technology for Essex Corp.
SwitchCore invention is a sense amplifier that shortens the latency in transistor circuits
Corvis President and CEO Dr. David Huber will deliver the keynote address on Wednesday, December 5, at Lightspeed Europe 2001
Agere Systems researchers report semiconductor industry's smallest transistors with a novel gate insulator material
FLAG deploys Celerity(TM) CP 3200 (formerly the Zaffire Z3000) DWDM equipment
IBM, Interphase Corp., SBE Inc. join Motorola in proposing compactPCI serial mesh backplane PICMG standard
Appoints former Bay Networks CEO Andy Ludwick to board of directors; Dave Stiles and Dr. Raj Jain join its advisory board
Mid-range switch product family designed to fulfill the workgroup and wiring closet needs of enterprise users
Cypress Semiconductor and SiGe Semiconductor to collaborate on an advanced silicon germanium (SiGe) process
Introduces clock management devices with more than 20 I/O combinations
To create a new suite of flow-through tools from network planning to engineering
Internet Engineering Task Force has granted experimental standard status to the Pragmatic General Multicast (PGM) protocol
Can carry twice the electrical current, operate at up to twice the speed, and be reduced in size well below conventional transistors
Announces the appointment of Mark Stibitz to vice president and general manager
Sensors-Demeter Components division announces 2.5- and 10-Gbit/s indium gallium arsenide (InGaAs) avalanche photodiodes
Fully-converged, gigabit Ethernet, IP optical platform delivering voice, video, and high-speed data
Prestera-MX family of packet processor switching ICs support MPLS
Thulium-doped fluoride fiber pumped by laser diodes at 1055 nm
Christian Lepiane named vice president, worldwide sales
Next-generation 0.10 micron CMOS technology and new gate dielectric material
New switching products enable Layers 3 and 4 services in the wiring closet; expands IPv6 availability
A 144x144 crosspoint switches with integrated CDR and input equalization
PM2329 ClassiPI (Classification by Packet Inspection) packet content classification processor for Layers 2 through 7
Équipe 3200 to enable ILECs and IXCs deploy MPLS in their existing Layer 2 or ATM core networks
The Meigs-I, an advanced 10-gigabit Ethernet MAC chip
Bandwidth9’s MetroFlex™ tunable transmitter to be integrated into the Metro-Optix CityStream™ bandwidth management platform
Appoints optical communications components industry expert Ranjit Mand to its research analyst team
Gross loss was $168M for the first nine months of 2001, compared with a gross profit of $138M for the same period in 2000
Company says technology is 'crucial' to it becoming a big player in optical components
