Thursday, June 12, 2003

WSJ: SEC May Sue Ex-Lucent Executives

The Securities and Exchange Commission (SEC) is considering whether to file civil actions against Nina Aversano, the former head of Lucent Technologies' North American sales, and William Plunkett, a senior vice president of sales, according to The Wall Street Journal. The two reportedly have received SEC notices that allow them to rebut claims prior to any legal action being taken. http://www.wsj....

DIRECTV Chooses Thomson's MEDIAHIGHWAY Middleware

Canal+ Technologies, Thomson's digital video software solutions business, won a major contract to supply its MEDIAHIGHWAY middleware platform for the newly enhanced standard DIRECTV digital set-top boxes. The Java-based MEDIAHIGHWAY interactive solution developed for DIRECTV will be ported on set-top boxes provided by multiple consumer electronics manufacturers. DIRECTV will use the Thomson solution to provide a simplified and more consistent on-screen user interface as well as for the planned deployment of a new suite of interactive shopping,...

FLAG Telecom Appoints New CFO

FLAG Telecom named Alex Gersh as its new Chief Financial Officer (CFO). Gesh has held a number of senior international and national finance roles within Motorola and British Telecommunications and, most recently, was Executive Vice President and CFO at NextiraOne. http://www.flagtelecom.comIn February 2003, FLAG Telecom named Patrick Gallagher as its new CEO, replacing Mark Spagnolo who retains his position on the company's board of directors. Gallagher previously served with British Telecom, including five years as the Chief Executive of BT...

Corvis and Cequel III Complete Acquisition of Broadwing Communications

Corvis and Cequel III, a St. Louis-based telecommunications and cable management firm, completed their acquisition of Broadwing Communications from Cincinnati Bell, subject to certain remaining state and local regulatory requirements. The companies said that in accordance with the asset purchase agreement, the originally announced network purchase price of $129 million has been reduced to approximately $91 million. In addition, C III Communications is purchasing net working capital of $17 million for which payment, with interest, will be deferred...

Cisco Offers Training for Former Russian Military Officers

Cisco Systems is partnering with The Institute for Vocational Training and Retraining at the Rostov State Civil Engineering University, to train former military officers in managing computer networks. The Cisco Networking Academy Program enables officers who have been discharged from the Russian Army on medical grounds, or who have served longer than five years, to retrain and obtain qualifications to help them find employment as civilians. The program is financed by the British Ministry of Defence. http://www.cisco....

Ericsson to Integrate InfoVista into Packet Backbone Management

Ericsson will integrate InfoVista's management solutions into its own IP Packet Backbone Network management suite. Specifically, InfoVista will provide Performance Management, Quality of Service Measurement, and Service Level Management functions for integration into Ericsson's Network Configuration and Fault Management suite. In a later stage, integration with Service Provisioning and other core elements will be offered. By automating these management functions, Ericsson enables mobile and fixed networks operators to control costs better and improve...

Sun: Java Becomes the Gold Standard for Intelligence at Network Edge

Java is destined to become the "gold standard" for moving applications from the data center to billions of smart devices at the network edge, said Scott McNealy, Sun's Chairman, President and CEO, in a keynote address at the JavaOne Conference in San Francisco. In comparison to Microsoft's .Net initiative, McNealy said Java deserves high marks for maturity, security, affordability and migration into mobile devices. As an example of Java's ability to tie together devices and services across multiple networks, McNealy demonstrated Verizon Communications'...

Verizon and Vodafone to Sell Equity Stakes in Mexico Iusacell

Movil@ccess, a Mexican telecommunications service provider, agreed to acquire 100% of the capital stock of Grupo Iusacell, a provider of wireless communications in Mexico, for US$10 million. Verizon Communications plans to sell its 39.4% share in Grupo Iusacell into the tender offer by Movil@ccess. Vodafone Americas will also sell its 34.5% stake in Grupo Iusacell. http://www.iusacell.com.mx/http://www.verizon....