SBC Increases Quarterly Dividend by 3.2%

SBC Communications announced a 3.2% increase in its quarterly dividend from 31.25 cents a share to 32.25 cents a share, or 4 cents a share on an annual basis, from $1.25 to $1.29 a share. SBC said this marks its 20th consecutive year for dividend increases. http://www.sbc....

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Lucent Supplies Tollgrade DSL Test to Saudi Project

Lucent Technologies will supply Tollgrade Communications' broadband test equipment for deployment throughout Saudi Telecom Company (STC). The project marks the first significant international selection of Tollgrade's DigiTest EDGE multi-layer broadband test system. The companies said Tollgrade's testing technology was selected for both POTS and DSL service. Tollgrade solutions will be incorporated into a network comprised of network elements manufactured by several leading global telecommunications equipment suppliers. Tollgrade's LoopCare Test...

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Lucent to Distribute Warrants in Connection with 03 Shareholder Deal

As part of its agreement to settle class action shareowner and related litigation that began in 2000, Lucent Technologies distributed 200 million warrants to purchase an equal number of shares of common stock at an exercise price of $2.75. The company also said that it will pay the remaining $215 million to the settlement fund in January 2005, and this obligation can be settled in either cash or stock at the company's option. Lucent currently expects to use cash for the remaining settlement, but a final decision will not be made until January....

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Nortel Announces New Waiver from Export Development Canada

Nortel Networks obtained a new waiver from Export Development Canada ("EDC"). The new waiver from will remain in effect until the earlier of certain events including the date on which the company's past financial reports have been filed with the SEC; or January 15, 2005. If the company fails to file the reports by January 15, 2005, there can be no assurance that it would receive any further waivers or any extensions of the waiver beyond its scheduled expiry date. The EDC Support Facility provides up to US$750 million in support, all presently...

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Ericsson to Serve as Integrator for China Telecom's CN2

China Telecom has selected Ericsson as the total solution integrator for building its next-generation IP backbone network, known as ChinaNet Next Carrying Network (CN2). According to the contract, Ericsson will provide total solutions for the entire national core network of CN2 and the major part of its backbone network in the southern and western parts of China. Under the contract, Ericsson will provide systems integration, supervision and support and training services, and will also provide equipment in partnership with Juniper Networks to China...

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Cisco Systems Marks its 20th Anniversary

Cisco Systems marked the 20th anniversary since its founding on December 10, 1984 by two Stanford University scientists. Since then, Cisco has grown from a start-up business with two employees to a global company with more than 35,000 employees in 259 cities worldwide and $22 billion in revenue. In its infancy, the company manufactured one router; today it offers more than 40 product lines. In support the anniversary, president and CEO John Chambers challenged every Cisco employee globally to volunteer one day in their community. Cisco employees...

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Intelsat Delays Launch of Intelsat-Americas-8, Pending IA-7 Review

Intelsat reported that 22 transponders on the Intelsat-Americas-7 satellite have been tested, are performing normally and are available to be put back into service. Already, several of these transponders are being used to provide service to Intelsat customers. Intelsat has temporarily delayed the launch of its IA-8 satellite pending the on-going investigation into the anomalies experienced this month with IA-7. The company said it is working closely with Space Systems/Loral to determine and fully analyze the cause of the anomaly, though the complexity...

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