Ciena: Orders getting bigger, profit next year
By: By Ed Gubbins
After declining to predict Ciena’s break-even date for some time, chief executive Gary Smith said today he expects the company to reach profitability before the company’s next fiscal year ends on Oct. 31, 2006...
In the spotlight: Philippe Morin, Nortel Networks
By: By Ed Gubbins
Telephony’s Ed Gubbins recently spoke with Philippe Morin, general manager of Nortel's optical business, on what drove those third-quarter results and where the optical market is headed next...
Arnason moves to market research
By: By Vince Vittore
Bernardin Arnason, who helped co-found the Telco TV show as vice president of business development, has left the National Telecommunications Cooperative Association to co-found a market research group focused on independent telcos....
RCN buys Con Ed’s telecom business
By: By Ed Gubbins
Consolidated Edison has agreed to sell its telecom subsidiary, Con Ed Communications, to cable provider RCN for $32 million in cash, the companies announced today...
World Wide Packets cashes in on Ethernet surge
By: By Vince Vittore
Carrier Ethernet vendor World Wide Packets announced today that it has completed a $25.5 million funding round that was co-led by Craig McCaw’s Eagle River Holdings, and Rally Capital. The new investors join existing shareholders Argo Capital, Azure Capital Partners, Madrona Venture Group, Northwest Venture Associates and Entrepia Ventures. ...
2Wire finds some big friends, cash
By: By Vince Vittore
2Wire said today that Alcatel, AT&T and Telmex have acquired a combined 51% stake in the San Jose-based residential gateway and set-top vendor...
Alcatel puts Juniper on defense
By: By Ed Gubbins
Juniper Networks issued a press release today pointing out that the company maintained its position as the world’s No. 2 supplier of service provider edge routers in the third quarter...
McFadden, Spradley leave Nortel
By: By Ed Gubbins
Longtime Nortel Networks executives Brian McFadden and Sue Spradley have left the company, according to a research note issued this afternoon from UBS Investment...
Calence, Avnet Enterprise combine
By: By Ed Gubbins
Two enterprise networking providers--Calence and Avnet Enterprise Solutions--are combining to form what its executives believe will be one of the largest companies in the U.S. focused solely on building and managing enterprise data and communications networks...
Sycamore revenue surges
By: By Ed Gubbins
Sycamore Networks reported 92% more quarterly revenue today than it did a year ago. ...
Data Connection, MetaSwitch see revenue jump
By: By Vince Vittore
Data Connection today announced that its yearly revenue for the fiscal period ending Aug. 31 rose 30% to $68 million...
Cisco grows IPTV footprint with Scientific-Atlanta
By: By Vince Vittore
Company becomes new challenger to traditional vendor powers...
Analysts base Tellabs' future on success of 8800 product
By: By Ed Gubbins
Vendor still optimistic despite loss of Cable & Wireless order...
Carpenter elevated to president at Pannaway
By: By Vince Vittore
Access vendor Pannaway has named its vice president of business development, Mark Carpenter, to be its next president. Carpenter succeeds Gary Davis, who will retain his Chairman role and also take on the CEO title, a position that previously was vacant....
Asset impairments drag Eagle Broadband earnings
By: By Ed Gubbins
In a filing with the Security and Exchange Commission yesterday, Eagle Broadband reported an estimated 31% drop in annual revenue and an estimated 43% wider net loss for its 2005 fiscal year, which ended Aug. 31...
Wholesale prices stabilize amid higher traffic volumes
By: By Ed Gubbins
However, carrier consolidation not expected to pull fiber prices up...
Cox counts losses from Katrina
By: By Ed Gubbins
Cox Communications reported dramatic losses for the third quarter of 2005 following the effects of Hurricane Katrina, which ravaged the Gulf Coast in late August...
Calix acquires Optical Solutions
By: By Vince Vittore
SAN DIEGO—Calix today announced that it is acquiring Optical Solutions Inc. in a deal that will bring together the dominant provider of gigabit passive optical networks (GPON) to independent telcos and with one of the more aggressive access vendors in the same market. ...
Adva pledges dramatic U.S. investment
By: By Ed Gubbins
Fresh from its acquisition of Texas-based Ethernet equipment vendor Covaro Networks, Adva Optical Networking pledged an aggressive focus on the American market in its third-quarter earnings conference call Thursday...
Raising wholesale LD prices costs Broadwing revenue
By: By Ed Gubbins
Broadwing reported a sequential dip in revenue for the third quarter resulting from the carrier’s recent decision to raise wholesale long-distance prices...
ECI revenue up on IPTV, broadband growth
By: By Vince Vittore
ECI Telecom reported third-quarter revenue of $162 million, a 26% increase from the $128 million recorded in the third quarter of 2004 and up 6% compared to the $153 million recorded in the second quarter of 2005...
Riverstone shifts R&D to India
By: By Ed Gubbins
Ethernet equipment vendor Riverstone Networks announced plans today to shift a greater portion of its research and development workforce overseas in an effort to reach profitability quicker...
CoSine still searching for acquisitions
By: By Ed Gubbins
CoSine Communications, the erstwhile vendor of IP service delivery products, is still searching for other companies to acquire, five months after its own shareholders successfully blocked an acquisition by Tut Systems...
Motorola settles suit against new Nortel CEO
By: By Ed Gubbins
Nortel Networks has reached a settlement with Motorola, which sued to prevent its former chief operating officer Mike Zafirovski from becoming Nortel’s next chief executive...
Carrier Ethernet gear market shaking up
By: By Ed Gubbins
The market for carrier Ethernet equipment is experiencing a “shake-up,” according to Infonetics Research—one that could shuffle the positions of competing vendors but won’t disturb that of the market’s leader, Cisco Systems...
