Paul Engle, President and Chief Operating Officer, will become Chief Executive Officer of the company effective July 1, 2001
Announces revenues of $30.3 million; $19.8 million year-to-year revenue growth
In full compliance with all covenants under the company's $1.2 billion senior secured credit facility
Northside Realty in Atlanta and The Group in Colorado's Front Range use Yipes's optical IP network
Carrier-class speed and service of TereScope 1000G offers service providers the wherewithall to provide robust data services quickly
Reports significant progress with seven-point restructuring program; pro forma revenues from continuing operations increased 36%
Acquires component makers, Cognet and nSerial; LightLogic acquisition pending
Training center in W. Long Branch, N.J., offers customers and employees hands-on training using Tellium's Aurora OpticalSwitches
Quarterly revenue grew nearly 12 percent over pro forma 2000; EBITDA growth of nearly 16 percent
Reports losses of $1.3 billion or $1.13 per share for the quarter; to vacate 25 buildings and reduce employment by approximately 5,000
IPSX 3500 Service Processing Switch for network-based IP services
They perform traffic management, statistics collection, and internetworking functions at 10 Gbit/s and above
Components startup concludes first funding round, led by Blueprint Ventures, Forrest Binkley and Brown, and The United Company
The Packet.8x8 has 8 input ports and 8 output ports and a switching time of less than 5 nanoseconds
Jay West, new vice president of sales and marketing, comes from Chorum Technologies
Vitesse will use its products in conjunction with Nortel's OPTera technology to develop 2.5-Gbit/s and 10-Gbit/s chipset platforms
For end-to-end provisioning, service, and network management
Optical wireless reference design uses TI's analog micro-mirror and DSP to deliver 100-Mbit/s Ethernet connections
Funding, led by Dominion Capital Management, will be used to purchase manufacturing equipment and expand facilities
China Netcom Corp. has selected Luminous Networks' PacketWave Optical Access Switches for deployment in major metropolitan area networks
Has entered into a partnership with Powernet, a leading manufacturer and supplier of broadband access solutions in Korea
The BOSS 1000 optical switch is shipping to two prominent carrier labs in May for customer trials
Masergy Communications has purchased the CoSine IP Service Delivery Platform for immediate deployment
The new architecture provides full multiprotocol label switching (MPLS) capabilities over a gigabit Ethernet interface
Has reduced its headcount by 45 people at its Chelmsford facility
A private securities action requesting class-action status has been initiated on behalf of Cisco stockholders
Japanese carrier has purchased CoSine's IP Service Delivery Platform to provide a transcontinental, network-, and IPSec-based VPN service
International FiberCom will resell Metro-Optix’s CityStream multiservice provisioning optical platform
400 million shares of Williams Communications will be distributed today to Williams shareholders in the form of a tax-free dividend
Announces A-2100 Optical Ethernet Edge Switch, A-5100 Optical Ethernet Aggregation Switch, A-8100 Optical Ethernet Core Switch
Has appointed Anil Khatod to the newly created position of Chief Marketing and Strategy Officer
Jupiter Telecommunications will use Tellabs' Cablespan 2300 telephony distribution system with its cable TV and high-speed Internet service
Ed Mowse, Director of Software Development, comes from Seagate Software
World Wide and AG Communication Systems enter product partnership for packet-based fiber deployments
Teleglobe has purchased XACCT Technologies' "Network-to-Business" (N2B) platform
The new 10-Gbit/s 3.3 V Cypress FIFO memories transfer data at speeds up to 133 MHz
Net revenues increased 5% compared to the first quarter of 2000 while declining 48% compared to the fourth quarter of 2000
Fourth-quarter 2001 revenues down 9.6% sequentially; up 63% year-to-year
Third-quarter net earnings double to $0.46 per share; backlog exceeds $1 billion for the first time
Negative cash flow was primarily attributable to operating losses in mobile phones and slower customer payments
Expects to report total net revenue for the second quarter of fiscal 2001 that will be 30 percent less than that of the first quarter
Revenues were US$6.18 billion for the first quarter of 2001, down from US$6.32 billion for the same period in 2000
Light Management Group has signed a letter of intent with France Telecom to test its acousto-optic switch
Proximion Fiber Optics gains SEK 28 million (US$2.77 million) with new issue
Receives quality assurance certification from accreditation body, Det Norske Veritas Certification Ltd.
Former Nortel President, Optical Internet Solutions, rejoins his old firm
Appoints Bruce Skoletsky, formerly of Ellacoya networks, Vice President of Strategic Accounts
The Aegean Networks product line employs proprietary technology to enable dynamic service provisioning and metering
N. American service provider expenditures for metro network equipment will grow to $17.2B by 2003, according to Infonetics Research
Revenues increase 67 percent annually; Q3 pro forma net loss of 7 cents per share
Suit claims Lucent breached its obligations under its strategic partnership agreement; blames alleged breach for bankruptcy petition
Aurora Optical Switch has received the 2000 Optical Networking Equipment Product of the Year award from Communications ASP Magazine
Industry’s first line interface to support 10-Gbit/s Ethernet WAN serial testing
Demonstrated the ability of MPLS-enabled products from Avici and others to support MPLS VPNs and IP traffic engineering
To implement multiprotocol label switching traffic engineering (MPLS-te) as a backbone transport technology on a global basis
Company announces plan to align expenses with revenue and exit SALIX® product line; to reduce its workforce by about 550 people
AMCC's 16-bit transceiver with clock and data recovery and Agilent's small form factor fiber optic transceiver demonstrate interoperability
Integrating operations, finance, and collaborative manufacturing commerce
First-quarter revenue increases 50% over prior quarter; customer total increases to 21
Revenues in the second quarter of fiscal 2001 were $121.8 million, a decrease of 26% from $165.1 million in the first quarter
President/COO Edward E. Thurman has resigned; Pete Patel named senior vice president, engineering and operations
Appoints Patricia Wehr as Vice President of Finance and Administration; Dr. Alan Willner to Technical Advisory Board
Employs 60 GHz and free-space optics to deliver 100-Mbit/s Internet access to businesses in Miami
Appoints Robert Finch Senior Vice President, Corporate Development; Rafael de Ory Managing Director, EMEA
OC48 and OC192 Resilient Packet Ring technology to use Cisco's Spatial Reuse Protocol and AMCC's framer and Physical Layer technology
Has submitted an application to the SEC to withdraw its Registration Statement for an initial public offering
Revenue and earnings for the fiscal fourth quarter ending April 30, 2001, will be lower than previously projected
Cisco expects revenue for its fiscal third quarter to be down approximately 30 percent from Q2; blames the economy
Has announced a new software and hardware release for its Optical Services Activation Platform (OSAP)
'Meta-Content' products complement technologies from Microsoft, Sony, and Cisco
Luminous joins Sonus's Open Services Partner Alliance to offer carrier-class voice and VOIP metro solutions
Announces successful eight-week demonstration of the world’s densest optical interconnect
New appointments include the promotion of Stephen Cleary to Vice President of Operations
Polaris Venture Capital and Ascend Technology Ventures have invested in the first funding round for the Israeli startup
Strategic agreements with Switch and Data and PAIX.net create increased connectivity to the Williams network
Announces new organizational structure to better align the company to meet its strategic, operational, and financial objectives
The complaint alleges false and misleading statements concerning the company's operations and prospects for Q4 2001 and beyond
End plan to jointly develop products for the photonics industry; stock restriction agreement will also terminate
Focal Communications deploys Unisphere Networks’ edge routing switch in its Focal Internet eXchange
ComCast subsidiary has adopted Narus's technology to develop differentiated services
Michael Fichtner, former head of global sales for Nortel Opto-electronics and Semiconductor unit, to lead Zenastra global sales
Optical component startup has received its first orders and is shipping sample products
Net revenue $332.1 million, up 420 percent; pro forma EPS $0.25 for the period ending March 31, 2001
Extreme teams with TelstraSaturn and Ericsson to establish national communications network in New Zealand
Vanessa Wittman was senior director of corporate development at Microsoft
Pearse Flynn, former president of the carrier networking group at Alcatel, has been named non-executive chairman at Terahertz Photonics
Releases an all passive, filter based, 50GHz optical add/drop multiplexer product suite aimed at metro and long-haul markets
PM8355 QuadPHY-II, PM8351 OctalPHY, and PM8353 QuadPHY provide multiport gigabit serial backplane interconnect for switches/routers
GTS Europe has successfully completed its solicitation of consents from the holders of its notes
Blames -- what else? -- industry slump
Funding round for intelligent IP traffic management (IPTM) services startup led by Accel Partners and Duff Ackerman & Goodrich
In 2000 Nortel had a 31% market share, followed by Lucent at 19%, Alcatel at 17%, and Ciena at 16%
Tiscali, one of Europe's largest Internet Service Providers, has selected Juniper Networks' M-series for its core IP backbone
TAT-14 undersea fiber-optic cable will allow Williams to transport traffic from Europe to its U.S. backbone network
Approximately $3.6 million of $4.7 million in backlog orders from a customer have been cancelled
With NetLogic and SiberCore for the development of OC192 solutions
Breakthrough on the monophase Sol-Gel sub-nanometer material processing method
Agilent Broadband Communications Laboratory at the University College London launched to the tune of $1 million
Broadband infrastructure startup closes second round funding led by The Carlyle Group
Provider of optical net management software closes equity investment round led by William Blair Capital Partners and Lovett Miller & Co.
Touts industry's first QOS-enhanced MPLS traffic engineering solution; also QOS DiffServ solution
Accused of disseminating "materially false and misleading financial results" and straying from accounting orthodoxy
3i Group led the third funding round with Jerusalem Venture Partners, joined by Corvis Corporation
To integrate physical fiber and logical network layers through Nortel Preside network management and Agilent accessFIBER
Optical components and subsystems maker has received ISO 9001 certification from SGS International Certification Services
Reports board changes, updates profit forecast
Fourth round of funding, led by Firsthand Capital Management, raises total to more than $150 million
Stephen Thomas, former CTO for TransNexus and AT&T Tridom
Metro-Optix has selected a suite of Agere optical components for use in its CityStream platform
Amend the agreement they reached last October to realign their cable businesses to create a new company
Announces deployment of its Metropolitan Ethernet Services Architecture (MESA); introduces "Liquid MegaBit" service
Bob Hewitt will serve as Vice President of Business Development and Sales for Seneca Networks
New sales and support offices in Beijing and Hong Kong
But expects to be cash-flow positive for the first quarter and post its ninth consecutive profitable quarter
nP7250 Network Processor, nPX5700 Traffic Manager, and nPX5800 Switch Fabric provide solution for OC48c, scaling to OC192c
Establishes international distribution agreement with Wandel Global Services
Announces expansion strategy for switch fabric product line, introduces Crosstream E chipset for access markets
Shomiti Systems has been merged with a wholly-owned subsidiary of Finisar Corp.
Japanese startup has opened its first U.S. office in San Jose
Wasserstein Ventures is a lead investor in component maker's first round of financing, along with Vantage Point Venture Partners
Amcom Telecommunications' sole supplier to provide Australia's third high-speed optical fiber network link between the West and East Coast
Will temporarily reduce employee pay by 10 percent
Collaborating on fiber optic network to provide connectivity to major European business centers
Expects to report a pro forma loss of approximately $0.06 to $0.08 per share for the third quarter
Projects EPS of 29 cents, compared with prior guidance of 35 to 38 cents
Logitech standardizes on broadband switching from Extreme Networks for its corporate net
TeleLink subsidiary's fiber optic technology attracts first-round financing of $2 million
For its MEMS-based switching technology
Customer cancellations are blamed for lower projections
Lights its 18,500-mile all-optical switched network
Exodus will resell Telseon's metropolitan gigabit Ethernet services to its customers
Series A funding for FBG components vendor led by Wynnchurch Capital
Employing ONI's ONLINE transport platform to deliver OC192 services to metro customers
Hank Zannini was forced to liquidate 300,000 shares of his holdings in Avici on a demand call from his lender, Merrill Lynch
Portal Software's billing platform integrated with net.com's SCREAM service creation platform
Has purchased TriLink Communications Corp. for approximately 1.2 million shares of Aeroflex common stock
Storm Telecommunications' StormWave flexible bandwidth services chosen by Abovenet to extend its network reach in Europe
Qwest has no current intention to acquire, purchase any assets of, or invest in WinStar Communications Inc.
Third round of equity financing was led by GM Capital Partners
Acquires Gefran Silicon Micro Systems Srl., a fiber optic technology lab, for approximately $55 million in cash
Sandia has granted Ardesta a nonexclusive right and license to make and sell products using Sandia's SUMMiT technology
Projects include IP backbone construction in Beijing and the provinces of Shandong, Hebei, and Yunnan
1300nm lasers can be modulated up to 10 GHz, providing the output power required for OC192 data rates
TalkingNets to deliver softswitch-based voice services to broadband service provider customers over Cogent's nationwide network.
Will close the BrightLink Texas Development Center and lay off 27% of its staff
Says insolvency rumors are groundless and restructuring plans are on track
Also John A. (Ian) Craig, Nortel VP; and Morgan O'Brien, founder of Nextel
Marc Thurman named vice president of Operations
POS-PHY Level 4 Specification developed by the Saturn Development Group and approved by the Optical Internetworking Forum
NetDiscovery Network Inventory Management and Data Integrity Services
Globe Telecom has selected Lightscape Networks' technology for a $20 million project
AN5000 Backplane Communications Transceiver delivers 5 Gbit/s on a differential pair (10 Gbit/s full duplex)
The PSI2G100 combines a 2.5 Gbit/s serial link, 100k gates of programmable logic, and 0.5 Mbits of communications memory
Combines its MTRX192L 10-Gbit/s photoreceiver and MTX-TEML 16-channel transmitter into a package that measures 2x3x0.59”
Bruce W. Roe, most recently at Nortel, appointed Vice President of Engineering
Sells more than 25% of capacity on transatlantic network; worldwide Q1 sales exceed US$475 million
Philip Chapman, former VP and CFO at Microchip Technology Inc., named president and CEO
Seti Trading Co., an investment holding company wholly owned by Frank H. and Wynnette L. Levinson, purchased a total of 1.2 million shares
Multisource agreement for next-generation, 4-channel, parallel fiber optic modules operating at data rates up to 10 Gbit/s
Exbit Technology is a fabless semiconductor company developing gigabit and 10-gig Ethernet switching and routing technology
Expects lower first-quarter 2001 results; will trim 150 jobs
Will sell about 12.2 million shares at $10.25 per-share, for a total of $125 million, and will retain approximately 2.9 million shares
It has reached the 1-watt power level from a single narrow-stripe pump laser chip
IBM Global Services will offer consulting, design, and implementation services for Nishan IP storage products
Florida's Seminole County Court has selected Alcatel's OmniSwitch to produce video streaming to the courthouses from the jail
Two Lantern executives will serve as officers of the newly created Resilient Packet Ring Alliance (RPRA)
34,000 square-foot facility in Calabasas Hills
Low- and high-power laser diode sources with ideal, round beams extend the range and reliability of fiberless laser communication
Adds amplifier to tunable laser, on same piece of indium phosphide
