& cplSiteName &

Corona Networks Disappears

Light Reading
News Analysis
Light Reading
8/20/2003
50%
50%

Corona Networks Inc., a six-year-old IP edge router startup, seems to be in the dumper, raising questions about its partnership agreement with Alcatel SA (NYSE: ALA; Paris: CGEP:PA).

Rumors of Corona Networks' demise are rampant; sources say the doors shut Friday and that 60-odd remaining employees are gone. Many phone numbers given on the company Website no longer work; and at least one office, in Cary, N.C., seems to have become the property of a townhouse developer.

Voicemail still works for several Corona Networks execs, including CEO Ramandeep Singh, but none returned calls. Today, an assistant in the offices of VC firm Redwood Venture Partners LLC said Bharat Gupte, a director at Redwood who's familiar with Corona, had confirmed the startup's closure.

Gupte didn't return calls and email at press time.

The news and the secrecy aren't surprising. Corona's been struggling for months with layoffs and funding crises, while trying to keep things quiet (see Headcount: Mississippi Spurning).

A big question is: If Corona Networks is history, what will happen to a deal it had to supply Alcatel with a broadband remote access server (B-RAS) for the French vendor's 7301 DSLAM? That deal originally appeared to help Corona get $8 million in Series D funding back in April (see Corona Gets a Boost).

Alcatel isn't saying much. "We can't comment on the situations of other vendors," says Jay Fausch, senior director for Alcatel's Fixed Communications group. He says Alcatel will live up to any customer commitments it's made to put that B-RAS module into Alcatel's 7301 DSLAM. But he won't comment on how many such commitments have been made.

Reportedly, in choosing Corona Networks for the B-RAS job, Alcatel shunned Redback Networks Inc. (Nasdaq: RBAK) last year (see Redback, Alcatel Close to Alliance). Now that things may have changed, could talks reopen?

Redback wouldn't comment at press time. Still, in an interesting ripple, Nokia Corp. (NYSE: NOK), an investor in Redback that competes with Alcatel in broadband access and other areas, has reduced its stake in Redback, officially in order to pare down "liquid assets." In a filing with the Securities and Exchange Commission (SEC) dated Monday, Nokia said it owns a 3.4 percent stake in Redback, compared with 10 percent owned last year.

Still, it's not clear whether Alcatel would consider a reduced stake an improvement over a large one.

Alcatel faces a challenge now, since other makers of compact B-RAS products include companies that compete in one way or another with Alcatel: Cisco Systems Inc.(Nasdaq: CSCO), Copper Mountain Networks Inc. (Nasdaq: CMTN), Juniper Networks Inc. (Nasdaq: JNPR), and Network Equipment Technologies Inc. (net.com) (NYSE: NWK), for example (see Carriers Want a Little B-RAS on the Edge).

NOTE: Please note that Corona Networks is not to be confused with Corona Optical Systems Inc., another startup that makes optoelectronic components and is still operating.

— Mary Jander, Senior Editor, Light Reading

(52)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Page 1 / 6   >   >>
Belzebutt
50%
50%
Belzebutt,
User Rank: Light Beer
12/4/2012 | 11:32:46 PM
re: Corona Networks Disappears
Why does Alcatel need another IP edge partner when they have Timetra? They don't intend to add B-RAS features to the 7750?
stuartb
50%
50%
stuartb,
User Rank: Light Beer
12/4/2012 | 11:32:45 PM
re: Corona Networks Disappears
The irony here is that the only time the corona can be viewed is during a (solar) eclipse. In this case, the corona actually disappeared during an (industry) eclipse. Good luck to the ex-employees.
wilecoyote
50%
50%
wilecoyote,
User Rank: Light Beer
12/4/2012 | 11:32:44 PM
re: Corona Networks Disappears
skeptic, why do you have such a hard on for basil alwan and procket networks? every chance you get, you take a shot at one of those two. i don't get it.

i know basil and i don't agree with you that he is a scam artist. he's a fast talker but a scam artist? procket is another story. i like the company, you don't, that's ok. but you take a lot of time ripping into each one and i'm curious why.
thanks
--wc
skeptic
50%
50%
skeptic,
User Rank: Light Beer
12/4/2012 | 11:32:44 PM
re: Corona Networks Disappears
Why does Alcatel need another IP edge partner when they have Timetra? They don't intend to add B-RAS features to the 7750?
--------------
Because there is a chance that the Timetra
product's development may have involved
a significant amount of "short-cuts" being taken.

It all depends on if the name Basil Alwan
inspires confidence or fear.
skeptic
50%
50%
skeptic,
User Rank: Light Beer
12/4/2012 | 11:32:43 PM
re: Corona Networks Disappears
Skeptic, what's your take on Timera's product?
-----------
It sounds ok on paper, but the money invested
into building it seemed less than it should have
been which would raise doubts about either the
completeness of features or the quality.

I dont know how you develop a full router plus
building your own programmable packet processor
plus all the interfaces they claim to have with
as little money as was claimed went into the
development.

When Lucent bought Nexabit years ago, people were
swearing up and down that it was a great finished
product. But the reality was something else.

Alcatel, in my opinion, doesn't have very good
judgement in IP products. Lucent is probably
worse, but thats not saying much.

The product came out of nowhere, there has been
no public evaluation of it and when I hear people
talking about this space, Laurel is the one
that gets positive attention.
skeptic
50%
50%
skeptic,
User Rank: Light Beer
12/4/2012 | 11:32:43 PM
re: Corona Networks Disappears
skeptic, why do you have such a hard on for basil alwan and procket networks? every chance you get, you take a shot at one of those two. i don't get it.
------------
I'll take shots at other people like Huber at
Corvis or vivace or Larry Roberts or Huawei or
Avici if its really upsetting you. But nobody
is doing articles on them.

In the past I've said positive things about
Procket. I said, for example, that Procket
deserved to be light reading's top ten startup
list a whole lot more than Caspian did. But
there isn't a whole lot positive to say about
them right now. Getting a CEO would be a positive
thing. So would orders.

As far as Basil goes, something doesn't add up
with Timetra. I look at the money and the time
and something just seems wrong there. And
if you combine that with a fast talker, it sets
off alarms.

Belzebutt
50%
50%
Belzebutt,
User Rank: Light Beer
12/4/2012 | 11:32:43 PM
re: Corona Networks Disappears
Skeptic, what's your take on Timera's product?
IP?
Throughput?
Carrier gradeness?
Features?
etc.
metrocore
50%
50%
metrocore,
User Rank: Light Beer
12/4/2012 | 11:32:42 PM
re: Corona Networks Disappears
Redback was named after an Australian Beer.
And Corona too....

both lying drunken under the table.
konafella
50%
50%
konafella,
User Rank: Light Beer
12/4/2012 | 11:32:40 PM
re: Corona Networks Disappears
skeptic,

i read your posts frequently and i must say you have excellent industry knowledge and insight, however on this occasion your spidey senses are way off - indeed you have lived up to your name!

kb
Belzebutt
50%
50%
Belzebutt,
User Rank: Light Beer
12/4/2012 | 11:32:39 PM
re: Corona Networks Disappears
Do you know if the Timetra box is actually shipping right now?
Page 1 / 6   >   >>
Featured Video
Upcoming Live Events
September 17-19, 2019, Dallas, Texas
October 1-2, 2019, New Orleans, Louisiana
October 10, 2019, New York, New York
October 22, 2019, Los Angeles, CA
November 5, 2019, London, England
November 7, 2019, London, UK
November 14, 2019, Maritim Hotel, Berlin
December 3-5, 2019, Vienna, Austria
December 3, 2019, New York, New York
March 16-18, 2020, Embassy Suites, Denver, Colorado
May 18-20, 2020, Irving Convention Center, Dallas, TX
All Upcoming Live Events