Key3Media Sells Voice-on-Net (VON) Conference Back to Pulver.com

Key3Media has sold its Voice on the Net (VON) conference events back to pulver.com. It originally purchased the industry event from pulver.com in September 2001. Financial terms were not disclosed. http://www.key3media.comSpring 2003 VON will be taking place March 31st - April 3rd in San Jose. The conference focuses on the convergence of the telecom and Internet industries. http://pulver.com/...

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Level 3 Gains Court Approval for Acquisition of Genuity

A bankruptcy court approved Level 3 Communications' planned acquisition of Genuity. The deal is expected to close in February. In addition, Genuity announced plans to reduce its employee headcount by 700 to 800 from its current 2,300-person work force. http://www.genuity.com http://www.level3.comIn November, Level 3 Communications agreed to acquire substantially all of Genuity's assets and operations for $242 million. The acquisition requires Genuity to file for Chapter 11 protection and then to gain the approval of the bankruptcy court. Other...

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Marconi Reports Slightly Lower Sales, Progress in its Restructuring

Marconi said that despite slightly lower sales revenues during the last fiscal quarter its key financial performance measures improved. Based on preliminary data, the company's core sales for the period ending 31-December-2002 were £456 million, a sequential decline of 5%. Marconi also noted continued progress and some delays in its ongoing financial restructuring, which it now anticipates will be implemented in April. Some other highlights:Marconi's 10 largest customers during the quarter were (alphabetical order): BellSouth, BT, Ericsson, Metro...

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STMicroelectronics Offers High-output Op Amps for xDSL

STMicroelectronics introduced a pair of wide-band operational amplifiers that have the high output current necessary for driving xDSL line interfaces and multiple video lines. The devices can be configured for differentially to drive signals in telecommunication systems using multiple carriers. http://www.st....

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Korea Telecom Tests ArrayComm's Wireless Broadband System

KT (Korea Telecom) completed the first phase of tests of ArrayCom's i-BURST broadband wireless system. ArrayComm uses spatial processing software and smart antennas to deliver data rates of up to 40 Mbps per cell, which could be shared between many simultaneous users at user data rates in excess of 1 Mbps in a fully loaded system. The South Korean field trials, which took place over several months, measured the system's data speed, range, scalability, capacity, and interoperability with Wi-Fi services. KT is planning a new wireless Internet business...

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Cisco Systems to Acquire Okena for Network Security Software

Cisco Systems agreed to acquire Okena, a network security start-up based in Waltham, Massachusetts, for approximately $154 million in Cisco common stock. Okena's network security software provides threat protection for desktop and server computing systems by intercepting all operating system, file system, configuration, registry, and network requests, preventing malicious activity from occurring. The behavior-based security software aggregates and extends multiple endpoint security functions, such as Host-based Intrusion Detection (HIDS), distributed...

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European Regulators Meet to Set EU Telecom Agenda for 2003

The European Regulators Group (ERG) met in Amsterdam last week to set the 2003 agenda for telecom legislation within the European Commission. Priority will be given to those issues related to the new regulatory framework that needs to be transposed into national laws by the end of July 2003. The ERG said the implementation of effective competition for local services is a clear priority. Other top items on the work agenda include:Termination tariffs for mobile trafficInternational roaming policies for mobile serviceBroadband access -- the ERG...

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