XO Offers to Acquire Global Crossing for $700 Million

XO Communications offered to acquire all of the assets of Global Crossing for $700 million. XO's offer is comprised of $250 million of cash, $200 million of new 11% notes secured by all of the assets of Global Crossing, $200 million junior preferred stock in New Global Crossing, a 100% owned subsidiary of XO, and 15 million 5 year warrants to acquire stock in XO at $10.00 per share. XO said its offer would increase the proceeds available to Global Crossing creditors by over $100 million versus the current bid by Singapore Technologies Telemedia....

Read More

D-Link Introduces Wi-Fi Internet Camera

D-Link introduced an enhanced 2.4 GHz Wireless Internet Camera that could be used as a home security monitoring solution. The D-Link DCS-2100+ can produce up to 30 frames a second at two separate resolutions using MPEG-4 compression. It features an integrated Web server, a built-in microphone, remote monitoring of up to 16 cameras via a Web browser, and compatibility with all 802.11b/g networks. The camera supports scheduled and manual recordings to a computer hard drive, and can trigger recording and send an email alert when motion is detected...

Read More

Telecom Association Predicts Strong Increase in Corporate VPN Spending this Year

The Telecommunications Industry Association (TIA) is predicting that corporate spending for VPN services in North America will rise by 43% in 2003. In 2002, the North American VPN market totaled $11.7 billion, consisting of $9.9 billion in services revenues and $1.8 billion in equipment spending, according to the recently released 2003 Telecommunications Market Review and Forecast, an annual TIA publication. Last year, businesses increased spending on ATM and Frame relay services by 38.7% and 19.3%, respectively, over the previous year. The TIA...

Read More

EarthLink Selects Netopia Routers for Business Service

Netopia announced a major contract to supply its R5300 router for use with EarthLink's new Extended DSL service. Financial terms were not disclosed. http://www.netopia....

Read More

Marconi Combines 3DES and SNMPv3 with its Management Software

Marconi now supports Triple Data Encryption Standard (3DES) for Simple Network Management Protocol, version 3, as a means to encrypt and secure the messages that manage its multiservice switch-routers. SNMP is a commonly used protocol for managing devices in a network. SNMPv3 improves security over previous versions by helping to ensure that each management message comes from an authenticated, verifiable source and has not been altered by unauthorized users. Marconi's 3DES for SNMPv3 is enabled with Marconi's management software and interoperates...

Read More

Turin Networks Adds Wideband DCS Functionality

Turin Networks, a start-up based in Petaluma, California, is adding scalable wideband DCS functionality to its flagship Traverse Platform. Turin's Traverse platform integrates SONET Add-Drop Multiplexer (ADM), digital cross connect (DCS) and edge switch functionality in a single compact system that scales from DS1 to OC-192 per system slot. Key features of the platform include the ability to natively aggregate/groom/transport/manage TDM and packet based traffic, and the ability to provide Ethernet switching with X.86 standards-based Ethernet-over-SONET...

Read More