Lucent Agrees to Settle Shareowner Class Action Lawsuits

Lucent Technologies reached an agreement to settle all pending shareowner and related litigation against the company, its current and former officers and directors, and certain other defendants. Lucent described the agreement as a global settlement of what were 54 separate lawsuits. Under the agreement, Lucent will pay $315 million in common stock, cash or a combination of both, at the company's option. Lucent will also seek partial recovery of this amount from its fiduciary insurance carriers under certain policies that are worth up to $70 million....

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Riverstone Reports Revenues of $15 Million, Net Loss of $41 Million

Riverstone Networks reported revenues of $15.1 million for the quarter ended 01-March-2003, a sequential increase of 9.7% over revenues of $13.8 million in the prior quarter, but down from $51.3 million from the same period in the prior year. GAAP net loss for the fourth quarter was $40.6 million or $0.33 per share, including a $1.3 million stock-based compensation charge, a restructuring charge of $1.2 million, impairment charges of $7.4 million related to investments in privately-held companies, a $5.1 million inventory charge associated with...

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Broadwing Reports Positive Cash Flow in Q4, Initiates Recapitalization

Broadwing reported Q4 revenue of $503 million, an 8 percent decline over the same period in 2001. While the company's Cincinnati Bell businesses grew 4 percent, the revenue decline was due to weakness in its Broadwing Communications operations. In the quarter, the company announced an asset impairment charge due to the exit of its Broadwing Communications business. This non-cash charge produced an operating loss of $2.2 billion for the quarter. On a per share basis, the loss from continuing operations was $10.92, versus a loss of $0.95 per share...

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SR Telecom to Acquire Netro for Fixed Wireless

SR Telecom agreed to acquire Netro Corporation for approximately US$121 million, which represents a premium of 28% to Netro's closing stock price of US$2.43 on 26-March-2003. Both companies are suppliers of carrier-class fixed wireless access solutions. SR Telecom said the merger would increase its addressable market in urban markets with licensed frequencies in the low (1.9-3.5 GHz) and the high (10-39 GHz) bands. The deal includes Netro's next generation 3.5 GHz Angel product, which benefited from hundreds of millions in development dollars,...

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Pagoo Announces Hosting Agreement With XO for its Internet Voice Mail

Pagoo, a provider of Internet voice mail services, is hosting its application server in XO Communications' data centers. Pagoo claims 40,000 customers for its Internet Voice Mail service. Subscribers can customize their Web-based voice mail player, set-up personal greetings, define their notification options, and store and organize voice messages similar to how they manage email. Voice messages can also be forwarded to email or via SMS text messaging. http://www.pagoo....

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US Congressman Lobbies for CDMA in Post-war Iraq

U.S. Congressman Darrell Issa (R-CA) issued a public letter to Secretary of Defense Donald Rumsfeld and U.S.AID Administrator, Ambassador Wendy Chamberlain, urging the U.S. Armed Forces not to deploy a mobile phone network in post-war Iraq based on GSM. The mobile communications network presumably would be operated by the U.S. Reconstruction and Civil Affairs Office for some time after the end of hostilities and then privatized. Congressman Issa is proposing CDMA technology for political and technical reasons. Issa represents California's 49th...

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Verizon Expands Coverage with Nortel's CDMA2000 1X Gear

Verizon Wireless, the largest wireless service provider in the United States, is currently deploying CDMA2000 1X wireless voice and data network infrastructure equipment from Nortel Networks in Georgia and Alabama, markets recently acquired from Price Communications. The deployment includes Nortel Networks Univity CDMA2000 1X Metro Cell radio base station equipment, mobile switches and related infrastructure for expansion of Verizon Wireless' wireless data network. Verizon's Express wireless data network is now available in 900 cities across the...

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Kagoor Networks Delivers VoiceFlow Network Aggregation

Kagoor Networks released its newest VoIP border control application, VoiceFlow Network Aggregation, to address the growing use of network-based VPNs and VLANs by VoIP service providers to aggregate and subsequently deliver VoIP network services. The new application for the carrier-side VoiceFlow 3000 platform handles a variety of security and NAT issues faced when delivering VoIP traffic at network aggregation points in conjunction with VPN network deployments. http://www.kagoor....

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OFS Introduces New Specialty Photonics Products

OFS introduced a series of specialty fibers designed for use in both telecom and non-telecom applications in a variety of industries, including medicine, defense, telecom, aerospace, geophysical, acoustic and sensor applications. The OFS ClearLite Micro Photonic Fibers offer 80-micron micro-cladding diameters to enable miniature components and tight sensor coils. Specialty coatings such as polyimide, carbon/polyimide, and carbon/acrylate allow fibers to withstand, and maintain optimum functionality in, temperature extremes, high humidity, and...

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MetaSwitch Positions for CLECs Facing the End of UNE-P

In response to recent FCC rule changes affecting the availability of UNE-P services to CLECs, MetaSwitch is positioning its VP3500 Next Generation Class 5 Switch as a next generation telephone solution for CLECs needing to move to facilities-based networks. MetaSwitch said the recent change in the FCC unbundling regulations has led many UNE-P based CLECs to revise their business models. MetaSwitch believes the key news for CLECs includes the finding that switching will no longer be an unbundled element for business customers and that individual...

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TeliaSonera Expands its DSL Footprint

TeliaSonera will expand its DSL network to another 104 switching centers in 73 municipalities in south and central Sweden. Approximately 450,000 customers already have broadband access through agreements with a number of the operators that use TeliaSonera's network. Slightly more than 100,000 households will be covered by the new installations. After the new installation, about 76% of Swedish households will be capable of receiving DSL. http://www.teliasonera....

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TIA Predicts Return to Growth for both Network Services and Equipment Markets

The Telecommunications Industry Association (TIA) is predicting a 6.1% increase in spending in the United States on network transport services during 2003, achieving a total market size of $345.3 billion. Unlike 2002, TIA predicts growth will be positive across all transport services, though greatest in wireless services and specialized services such as high-speed Internet access. Local service revenues will expand by 5.8%, toll services will return to positive growth with a 1.7% increase, and wireless services will sustain 12% growth in 2003....

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Equant Offers Outbound Option for Network Based Internet Gateway

Equant announced a unique outbound option for customers using its network-based gateway for providing Internet access to their global VPNs. The service provides a means for accessing the public Internet without exposing the VPNs to undue security risk. With the addition, Equant now offers two Network Based Internet Gateway configurations: Premium and Basic Outbound. The Premium tier is a bi-directional Internet service for larger sites where both inbound and outbound Internet access is required. It provides customizable security policy to and...

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Xerox Develops Reconfigurable Optical ADM on a Chip

Xerox has developed a single-chip that integrates a MEMS photonic switch with planar light circuits, providing the functionality of a Reconfigurable Optical Add/Drop Multiplexer (R-OADM). Xerox said it currently has a working prototype 8-channel reconfigurable OADM operating on a single crystal silicon wafer produced using a common semiconductor process. Xerox intends to license the technology to other companies in the optical switching market. The technology builds on a MEMS fabrication platform developed under a grant provided by the National...

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SBC to Deploy WaveSmith's Distributed Node Multiservice Switch

SBC is deploying WaveSmith Networks' DN 7100 multiservice switch to provide DSL aggregation across 200 sites nationwide. The multiyear, multimillion-dollar contract is the largest announced to date by WaveSmith. WaveSmith's DN multiservice platform combines ATM, Frame Relay, Time-Division Multiplexing/Circuit Emulation Services (TDM/CES), and MPLS in a compact form factor. http://www.wavesmithnetworks....

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OFC: Service Provider Architects: AT&T, DT, FT, Cogent, Sprint, Cox

Legacy support and low cost are the two vital factors in planning metro optical upgrades, said Kathy Tse of AT&T's Optical Transport Planning at the OFC Service Provider Summit in Atlanta this week. CWDM is of great interest to AT&T due to its low cost, standards-defined integrated optics for interconnection, and its ability to leverage existing and fiber. AT&T is also seeking ways to reduce capital expenditures through the elimination of unneeded OEO connections and the use of lower cost components. Operating expenses will be reduced...

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