France's Outremer Telecom Selects Redback's SmartEdge 800 Service Gateway

Outremer Telecom, a private telecommunications operator based in France, has deployed Redback Networks' SmartEdge 800 Service Gateway platform to offer high-bandwidth services to both its business and residential broadband subscribers. The SmartEdge Service Gateway platform combines subscriber management capabilities with edge routing functions. Outremer Telecom is using the SmartEdge 800 in its POPs to deliver VPN services to its corporate customers and DSL to residences. Redback said its service gateway was selected for the deployment because...

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Avanex Completes Acquisitions of Alcatel Optronics, Corning Assets

Avanex completed its acquisition of Alcatel Optronics France SA, a subsidiary of Alcatel that operates the optical components division of Alcatel, and the purchase of certain assets of the photonic technologies business of Corning Incorporated. Avanex said the acquisitions give it the "necessary scale and resources to be the leading supplier of optical solutions." The combined company is headquartered in Fremont, California, and includes former Alcatel facilities in France and Scotland and former Corning facilities in the U.S. and Italy. http://www.avanex.comIn...

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NETGEAR Raises $98 Million in IPO

Shares of NetGear began trading on the NASDAQ National Market under the ticker "NTGR." Net proceeds from the offering were approximately $98 million. NetGear offered seven million shares of its common stock at $14 per share. Trading ended on 31-July-2003 at $17.69. http://www.netgear....

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MCI WorldCom Barred from Future Government Contracts

The U.S. General Services Administration (GSA) will bar MCI WorldCom from receiving new U.S. federal government contracts. Specifically, the GSA concluded that "MCI WorldCom lacks the necessary internal controls and business ethics" to be eligible to compete for new government contracts. Neither GSA, nor any other U.S. federal agency, may award a new contract while MCI WorldCom is on the excluded parties list. The GSA is a centralized federal procurement and property management agency.In a press statement, MCI said it accepts the General Services...

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BT's Earnings Rise on Flat Revenue Growth

BT reported strong earnings of 4.1 pence per share, up 64% compared to the period last year, despite flat quarterly revenue of £4.586 billion. The company credited financial discipline for its ability to generate free cash flow of £618 million for the quarter. Net debt has now been reduced below £9 billion, £4.4 billion less than at this time last year. Some key operating statistics: BT Operating Statistics   30-June 2003 31-Mar 2003 30-June 2002 BT Group exchange lines Business,...

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Cavium Hires Intel Executive

Cavium Networks announced appointment of Rajiv Khemani as Vice President of Marketing. Khemani joins Cavium from Intel Corp., where as a Director of Marketing in its Network Processor Division, he led the product management, technical marketing and ecosystem development for Intel's network processor product line. During his five-year tenure with Intel, he also served as general manager of its high-end network processor business unit. He joined Intel through Intel's acquisition of Netboost, a venture-backed network processor startup. Before that,...

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Cavium Networks Secures $18M for its Security Processors

Cavium Networks, a start-up based in Santa Clara, California, raised $18 million in an oversubscribed Series C round of funding to support its rollout of security processing chips. In the two and a half years since its founding, Cavium has introduced three security processor families, with over 20 security processor and board products, targeted for IPsec, SSL, Wireless LAN and Multiservice applications. Cavium claims over 30 customers, including several tier-1 communication OEMs, who are using its security chips in VPN gateways, SSL VPNs, wireless...

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U.S. Court Issues $4.26B Judgment to Motorola in Telsim Case

A U.S. District Court issued a $4.26 billion judgment against the Uzan family of Turkey, ruling that the Uzans perpetrated massive fraud against Motorola. The court ruled that the Uzans fraudulently induced Motorola to loan $1.8 billion to Telsim Mobil Telekomunikasyon Hizmetleri A.S. ("Telsim"), a telecommunications entity owned and controlled by the Uzan family. Members of the Uzan family and the companies they control have been ordered by the court to pay Motorola $2.13 billion in compensatory damages and another $2.13 in punitive damages. ...

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net.com and Digiquant Enter Alliance

Network Equipment Technologies (net.com) and Digiquant entered into a product and marketing alliance focused on carrier-class VoIP solutions. The alliance combines net.com's SHOUTIP programmable packet telephony platform with Digiquant's Internet Management System (IMS), a software solution that authorizes and bills for network usage. Together the products deliver a fault-tolerant, distributed system that allows service providers to offer and precisely bill for services such as calling cards, toll bypass, and wholesale voice offerings. http://www.net.com...

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Comcast Increases Subscriber Forecasts, Network Integration Proceeding Well

Comcast increased its 2003 guidance for subscriber growth and financial performance following significant gains during Q2, which normally is a seasonally slow quarter. Pro forma Comcast Cable revenue for the quarter was $4.379 billion (not including QVC), representing a 9.2% increase over the $4.009 billion in the second quarter of 2002. QVC's consolidated revenues for the quarter were $1.101 billion, an increase of 11.3%. Last month, Comcast agreed to sell its 57% stake in QVC to Liberty Media for $7.9 billion. Some highlights for the quarter:Comcast...

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AT&T and Oracle Collaborate on Managed Hosting, Outsourcing Contract

Michael Baker Corporation, an engineering and energy management firm based in Pittsburgh, awarded a three-year, multi-million dollar managed hosting and application management outsourcing contract to AT&T and Oracle. Oracle will manage Baker's applications with its E-Business Suite Outsourcing services; AT&T will provide managed hosting services from one of its Internet Data Centers that support 24x7 monitoring and maintenance and includes performance-based SLAs. http://www.att.com http://www.oracle....

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Cisco Systems Ships its 2 Millionth IP Phone

Cisco Systems reached a major milestone by shipping its 2 millionth IP phone. The milestone phone was delivered to SouthTrust Corp., a bank that has replaced over 10,000 traditional phones on its legacy circuit-based PBX network in favor of a new virtual Enterprise IP PBX. The new system employs more than 10,000 Cisco IP Phones. http://www.cisco.comIn August of 2002, Cisco announced that it reached the 1 million milestone for shipped IP phones. Its first IP phone was introduced in 19...

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UTStarcom Wins New IP-DSLAM Contract with China Netcom

China Netcom Corporation awarded UTStarcom its second major contract to deploy over 100,000 lines of its AN-2000 IB IP-based DSLAM solution in ten major cities in the Inner Mongolia, Shandong, and Shanxi Provinces. UTStarcom said the new contract will bring its total IP-DSLAM deployments to more than 500,000 ADSL lines within multiple provinces in China. Financial terms were not disclosed. http://www.utstar....

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Charter Continues to Lose Video Subscribers, Cable Modem Growth Slows

Charter Communications reported Q2 revenues of $1.217 billion, an increase of 7.0% over last year's second quarter revenues of $1.137 billion. Income from operations totaled $112 million in Q2 2003, an increase of 31.8% from a year ago. Net loss was $38 million, or $0.13 per share. Charter said Q2 traditionally is weak in terms of subscriber growth due to disconnects from annual price adjustments and seasonality in many of its communities. Some highlights from the end of the quarter:Revenue generating units (RGU) totaled approximately 10,463,500,...

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Lucent Wins Two Optical Contracts with China's Guangdong Eastern Fibernet

Guangdong Eastern Fibernet Company (GEFC) awarded two contracts to Lucent Technologies for expansion of its SDH and DWDM network across Guangdong province. Under the contracts, Lucent's LambdaUnite MSSs will be deployed to form the core ring of the SDH network in the cities of Guangzhou, JiangMmn and Shenzhen. This core ring will connect the metro rings formed by Lucent Metropolis ADM in Zhaoqing, Zhanjiang, Jieyang, Shantou and Huizhou. GEFC also will deploy Lucent's WaveStar ITM-SC network management system to help integrate the new hardware...

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AOL 9.0 Optimized for Broadband

America Online introduced the latest version of its AOL and AOL for Broadband software. The major improvements in the AOL 9.0 release include better anti-spam filters, new instant messaging features for starting phone conversations and sharing files, email enhancements, McAfee Personal Firewall Express for broadband users, multiple simultaneous log-ins for up to seven screen names on one broadband account, and an enhanced Video@AOL media player supporting multiple formats. http://www.aol....

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