Corvis Reports $7M in Q4 Revenue, Ends Year With $504M in Cash

Corvis reported Q4 revenues of $7.1 million and a net loss was $190.2 million, or $0.47 loss per share. Pro forma net loss, excluding special charges for write-downs and restructuring, was $46.0 million, or $0.11 loss per share. The company ended Q4 with $504.4 million in cash and virtually no debt, down from $548.7 million at the end of Q3. Revenue for the quarter was generated from existing customers Qwest, Broadwing and France Telecom. On January 29, Corvis announced a workforce reduction of 180 positions, mostly in its R&D group. h...

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Gluon Networks Names New CEO, Readies its Converged Local Exchange

Gluon Networks, a start-up based in Petaluma, California, appointed Shirish Patel as its new president and CEO, replacing Jo Anne Miller, who has stepped down. Patel is the former Founder and CEO of Rapid5 Networks. Gluon is developing a Converged Local Exchange (CLX) platform that integrates functions such as voice and DSL access and switching, CALEA, circuit-to-packet interworking, signaling and transport. Gluon has commenced trials with five rural local exchange providers. http://www.gluonnetworks.comTotal financing raised by Gluon Networks...

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Ericsson Names New CEO

Ericsson appointed Carl-Henric Svanberg as its new President and CEO, replacing Kurt Hellström, who will stay with the company until year-end. Svanberg is presently CEO for Assa Abloy, an international manufacturer of locks for a variety of industries. http://www.ericsson....

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Marconi Ships Broadband Internet Kiosks to BT

Marconi has started to supply its new Neptune 1000 Internet kiosks to BT. The new Internet kiosks are broadband-enabled and can be used in place of a payphone. About 300 of the new units will be shipped to BT before the end of March 2003, with a further 900 to be supplied during the following financial year. http://www.marconi....

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Nuera, Syndeo and InnoMedia Team on Cable Telephony Voice Encryption

Nuera Communications, Syndeo and InnoMedia are demonstrating an end-to-end cable telephony voice encryption system that combines the Nuera ORCA BTX gateway, the Syndeo Syion softswitch and the InnoMedia MTA 3328-1 single-port standalone Multimedia Terminal Adapter. The joint solution is based on CableLabs PacketCable 1.0 security requirements. This solution provides encrypted and authenticated phone conversations over a cable network. It also leverages Advanced Encryption Standard (AES) and Multilinear Modular Hash (MMH), which authenticates...

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Redback Adds VPN Provisioning and Activation Partners

Redback Networks named two OSS partners to enhance provisioning and management of IP/MPLS VPN services enabled by its SmartEdge 800 Router. CPlane's service activation solution for deployment and management of MPLS-enabled IP VPNs now supports Redback's SmartEdge 800 Router. The Cplane software combines provider-specific SmartEdge configuration with SmartEdge resource level awareness, enabling end-to-end bandwidth guarantees and bandwidth-on-demand service features. Separately, Redback has extended its existing partnership with Sheer Networks...

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New Edge Networks Reports DSL Operational Highlights

New Edge Networks, a privately held carrier supplying broadband services to small and mid-sized cities across the US, reported that its 2002 year-over-year revenues almost tripled to $60 million. Q4 revenues were $18.4 million, more than double the $8.8 million for the same three-month period a year earlier. About 60% of New Edge Networks' 600 central office locations for DSL service are producing positive operating income, up from 24% of central offices at December 31, 2001. Another 21% of the central office locations are within $1,000 a month...

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Centile Supplies iPBX Software to AG Communication Systems

Centile is supplying software to AG Communication Systems (a Lucent subsidiary) for use in its iPBX platform. AGCS's SoftConnect is a software based IP communication system that offers a full suite of PBX features as well as VoIP features. These include standard PBX features such as voice mail, auto attendant, N-way conferencing, call forwarding/find-me options, do not disturb, call waiting, hunt/ring/FAX groups and automatic call distribution, as well as new computer telephony features for converged networks. The product can be deployed by...

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THUS plc Selects CIENA CWDM for its City Ethernet

THUS plc has selected CIENA's ONLINE Edge Multiservice Coarse Wavelength Division Multiplexing (CWDM) platform for LAN extension services marketed as "City Ethernet." The service scales to Gigabit speed. THUS also offers a "National Ethernet" service spanning the UK. Financial terms were not disclosed. http://www.ciena....

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BT Wholesale Provides Virtual ISP Platform for Eurotel

BT Wholesale will provide EURtel with a fully outsourced Virtual Internet Service Provider (VISP) solution. EURtel will use the BT Wholesale platform to offer its own branded ISP services to business customers in the UK. BT Wholesale's VISP service also provides hosting for specific tasks such as end user authentication, registration, billing, and dial-up connection via PSTN and ISDN connections. http://www.btwholesale....

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iBasis Reports 12% Sequential Increase in VoIP Minutes

iBasis carried 748 million minutes of voice traffic over its global IP network in Q4, a 78% increase over the 421 million minutes carried in Q4 2001, and a 12% sequential increase over the 670 million minutes in Q3 2002. Average revenue per minute was 5.7 cents per minute in Q4 2002, essentially unchanged from Q3 2002. In Q4, overseas-originated calls accounted for 54% of wholesale telecommunications revenue and 41% of wholesale traffic, up from 40% of wholesale revenue and 34% of wholesale traffic in Q3. The iBasis network ended the year with...

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deltathree Receives Acquisition Bid for its SIP-based Network

deltathree, a provider of Internet telephony services, received an acquisition bid from D3 Acquisition to purchase all of the outstanding shares of deltathree not held by Atarey Hasharon Chevra Lepituach Vehashkaot Benadlan Ltd. and its affiliates for a price of $0.70 per share in cash. D3 Acquisition is a wholly owned special purpose acquisition corporation formed by Atarey. Together, Atarey and its affiliates currently own approximately 71% of deltathree.http://corp.deltathree.comdeltathree operates a SIP-enabled network based on Cisco equipment....

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France Telecom announces WiFi initiatives

France Telecom unveiled initiatives to promote WiFi wireless broadband services. The plan includes deployment of public WiFi hotspots, as well as use of the technology to enhance its existing ADSL, corporate networks, GPRS and forthcoming UMTS services. France Telecom said it would focus on security to ensure the success of the technology. http://www.francetelecom....

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Level 3 Providing Internet Access Service to eBay

Level 3 Communications will provide Internet access service to eBay. The deal makes Level 3 one of eBay's primary providers of bandwidth. http://www.Level3....

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Marvell Acquires RADLAN for its Communications Software

Marvell agreed to acquire Radlan Computer Communications, a provider of embedded communications software. Marvell, which currently owns 9% of Radlan, will issue a combination of cash and shares of Marvell common stock valued at $49.7 million based on yesterday's closing price of Marvell in exchange for the remaining outstanding shares of Radlan capital stock and employee stock options. Marvell said Radlan's networking infrastructure drivers, interfaces and software modules provide a good match for its mixed-signal ICs. Radlan is based in Tel...

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TI Introduces DOCSIS 2.0 Software and Hardware Solution

Texas Instruments (TI) introduced its next generation single chip cable modem platform based on the DOCSIS 2.0 standard. The device integrates the DOCSIS Media Access Controller (MAC) and Physical Layers (PHY) with a high-performance communications processor and peripherals for networking and communication applications. The chip includes both advanced time division multiple access (A-TDMA) and synchronous code division multiple access (S-CDMA) modes of DOCSIS 2.0. A high-speed serial interface will support expansions for additional interface...

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