Trapeze Names Ex-Nortel Exec as CEO

Trapeze Networks, a start-up based in Pleasanton, California named James W. Vogt as its new president and CEO. Prior to joining Trapeze, Vogt was president and CEO at Ingrian Networks, where he led the privately held secure appliance firm through two rounds of funding. He also was president of the Nortel Networks small business solutions group, and before that, served as vice president of product management for Bay Networks' desktop products group. Trapeze Networks offers a wireless LAN Mobility System. http://www.trapezenetworks.comTrapeze Networks...

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Marconi Supplies Access Hub to Versatel Deutschland

Versatel Deutschland is deploying Marconi's Access Hub Multi Service Access Node (MSAN) platform to support its rollout of broadband access services to private customers. Specifically, Marconi is supplying its AXH600 and AXH2500 platforms, alongside its Distributed Multiservice Platform (DMP). The combined platforms will enable Versatel to offer broadband access services, including ISDN and xDSL. Financial terms were not disclosed. http://www.marconi....

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Rogers Cable to Launch 5 Mbps Home Service

Canada's Rogers Cable is planning to launch a new, 5 Mps Internet service in Ontario and New Brunswick. This new service will be in addition to the current offering with speeds up to 3Mbps (already faster than the DSL competitor) provided to existing Rogers Hi-Speed Internet customers. http://www.rogers.c...

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BellSouth Adds 127,000 DSL Subs in Q4

Long distance and DSL revenue growth offset access line declines at BellSouth during 2003, holding the company's communications revenues nearly flat at $18.4 billion compared to 2002. For Q4, BellSouth reported consolidated Q4 revenues of $5.7 billion, an increase of 0.9% compared to the same quarter of the previous year. Net income was $787 million compared to $574 million in the same quarter a year ago. Operating free cash flow totaled $5.3 billion for the full year. Over the last seven quarters, the company has increased its quarterly dividend...

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Tellabs' Q4 Revenue Up 14% to $279 Million

Tellabs reported Q4 revenue of $279 million up 14% from $245 million in Q3 2003, marking the fourth increase in sequential revenue in the past five quarters. Tellabs International generated 40% of the quarter's overall revenue. The company recorded a net loss of $23 million or 6 cents per share. Excluding previously announced restructuring charges of $44 million, Tellabs earned 3 cents a share or $12 million in Q4 2003. Some highlights:Optical Networking -- Sales of optical networking systems, which include Tellabs' strategic North American products,...

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IBM Releases Linux Platform for Telecom Applications

IBM released a new Linux-based Carrier Grade Open Framework (CGOF) Reference Implementation platform for telecom service providers. The platform includes CGOF compliant hardware and middleware components and services. The Carrier Grade Open Framework (CGOF) Reference Implementation is available through IBM Global Services. The Linux framework is being supported by various network equipment manufacturers and IBM business partners, including Cirpack, jNETx, Lucent, Snowshore, Sylantro, and Ubiquity.IBM said its Carrier Grade Open Framework would...

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Global Crossing Stock Begins Trading on NASDAQ

Global Crossing's new common stock began trading on the NASDAQ National Market on 22-January-2004, under the trading symbol GLBC. The company's stock had been trading in the over-the-counter market under the symbol GLBCF since Global Crossing's emergence from Chapter 11 on 09-December-2003. http://www.globalcrossing....

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Nortel Networks/Flextronics to Evolve Supply Chain

Nortel Networks will divest substantially all of its remaining manufacturing activities, including product integration, testing, and repair operations carried out at its facilities in Calgary and Montreal (Canada), Campinas (Brazil), Monkstown (Northern Ireland), and Chateaudun (France). It will also divest itself of certain related activities, including the management of the supply chain and related suppliers for these locations. Nortel Networks is in discussions with Flextronics about the activities being considered for divestiture. The company...

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Vitesse Returns to Profitability

Vitesse Semiconductor reported quarterly revenues of $50.3 million, compared to $35.7 million in the same period last year and $42.8 million in the preceding quarter. On a GAAP basis, net loss for the first quarter of fiscal 2004 was $8.0 million or $0.04 loss per share. Pro-forma net income for the first quarter of fiscal 2004 was $172,000 or $0.00 income per share. http://www.vitesse....

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UTStarcom Reports 16th Consecutive Quarter of Revenue Growth

UTStarcom reported Q4 net sales of $643.6 million, an increase of 114% over net sales of $301.1 million reported in the fourth quarter of 2002. Full-year net sales increased to $1.96 billion, an increase of 100% over net sales of $981.8 million reported in 2002. Net income for the fourth quarter of 2003 was $66.4 million, or $0.52 per share. The period marked the 16th quarter of record revenues and profitability since the company's IPO in March 2000.Backlog at the end of 2003 was $1.06 billion, an increase of 75% over the $605.4 million backlog...

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MCI Provides 2004 Guidance.

MCI is on-track to emerge from Chapter 11 bankruptcy protection in February 2004. The company issued the following financial guidance for full-year 2004:revenue is expected to be between $21 billion and $22 billion, a decline of approximately 10 to 12% versus expected 2003 results, primarily reflecting overall industry conditions and continued declining trends in the consumer market. operating income is expected to be between $1.1 billion and $1.3 billion, which includes depreciation and amortization of $1.7 billion and restructuring charges of...

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AT&T Wireless Evaluates Acquisition Bids

AT&T Wireless confirmed market reports that it is currently entertaining acquisition bids from several industry players. The company postponed its annual analyst meeting and said there can be no assurance that a transaction will occur.Separately, AT&T Wireless posted Q4 services revenue of $3.904 billion, up 4.4% from the year-ago quarter. For the fourth quarter, net loss per share (EPS), was ($0.03) per share. ARPU for Q4 was $58.70, down 2.2% from the same period last year. Steady ARPU was supported by data revenues, international...

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AT&T Posts Double Digit Revenue Decline

AT&T cited increasing pricing pressures and predicted declining overall revenues for 2004. The company reported Q4 2003 consolidated revenue of $8.1 billion, which included $5.9 billion from AT&T Business and $2.2 billion from AT&T Consumer. This represented a consolidated revenue decline of 12.8% versus Q4 2002, primarily due to continued declines in long distance (LD) voice revenue, partially offset by the continued success of AT&T Consumer's bundled local and LD offering, as well as growth in several key markets of AT&T...

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