Sycamore: Former employees falsified records
By: By Ed Gubbins
Sycamore Networks filed restated financial reports for the fiscal years 2000 through 2004 to increase net losses this week, after an internal investigation of stock option grants issued between 1999 and 2001 revealed that some employee records were deliberately falsified to affect the value of stock option grants....
Debt repayment doubts put Time Warner Telecom on ‘CreditWatch’
By: By Ed Gubbins
Standard & Poor’s Ratings Services placed Time Warner Telecom on CreditWatch Thursday based on concerns over the competitive local exchange carrier’s outstanding debt, which stood at about $1.2 billion at the end of June...
Ciena benefits as U.S. metro, long-haul networks awaken
By: By Ed Gubbins
Ciena grew its revenue faster than expected in its fiscal third quarter and narrowed its loss as traffic increases forced the expansion of some long-haul and metro networks in North America...
Cisco beats metro ROADM leader Fujitsu in Q2
By: By Ed Gubbins
Cisco Systems overtook Fujitsu Network Communications to lead the market for metro reconfigurable optical add/drop multiplexers (ROADMs) in the second quarter, according to new data from Infonetics Research...
IP edge router market up 31% in Q2
By: By Ed Gubbins
The IP edge router market grew 13% sequentially to $820.6 million in the second quarter of 2005, a 31% increase from last year’s second quarter, according to data released today by Infonetics Research...
Alloptic gets $30M in fifth round
By: By Ed Gubbins
Access equipment vendor Alloptic has secured $30 million in a fifth round of venture funding, the company announced today...
Multi-service switch and router market up 9% in Q2
By: By Tim McElligott
Ditttberner Associates’ quarterly report this week showed that IP convergence drove growth for multi-service switches and routers in service provider networks to $1.68 billion in the second quarter...
Dell'Oro: Optical market bright again
By: By Ed Gubbins
The worldwide optical transport equipment market saw more sequential growth in the second quarter of 2005 than it has since 2000, according to data released this week from Dell’Oro Group...
Cisco gains in core as Juniper edges up
By: By Ed Gubbins
Juniper Networks increased its share of the edge router market in the second quarter at the expense of its larger rival, Cisco Systems, but Cisco made greater gains in the core router market, according to data released this week from Dell’Oro Group...
McLeodUSA CEO, CFO resign
By: By Ed Gubbins
Competitive local exchange carrier McLeodUSA announced the resignation of both its chief executive officer and chief financial officer today as the company negotiates with its lenders to restructure its capital...
Major vendors resisting the urge to merge
By: By Ed Gubbins
More vendors and analysts challenge the conventional wisdom that consolidation among carriers must be repeated in the equipment sector...
Next-gen switch providers poised for deals from IOCs
By: By Tim McElligott
CopperCom gains big win with Iowa Telecom; market awaits further deals...
Birch Telecom files Chapter 11, CEO resigns
By: By Ed Gubbins
Birch Telecom has filed for Chapter 11 bankruptcy, the competitive local exchange carrier announced today...
XO gains ground
By: By Ed Gubbins
XO Communications cut its net loss by 31% sequentially--and by about a third from a year earlier--to $29.5 million in the second quarter...
MCI posts profit, anticipates Verizon deal
By: By Dan O'Shea
MCI reported in its second-quarter earnings report this week that it posted a positive net income of $64 million for the quarter, the company's first profit since the former WorldCom emerged from bankruptcy, in its first financial report since MCI's board of directors agreed in May to allow the firm to be acquired by Verizon Communications...
Birch Telecom slashes workforce
By: By Ed Gubbins
Competitive local exchange carrier Birch Telecom has cut 330 employees, or more than 38% of its workforce, the company said Tuesday, citing difficulties in adapting to network unbundling regulations passed by the Federal Communications Commission earlier this year...
Cisco CEO on Nokia: Don’t confuse partnerships with M&A
By: By Ed Gubbins
Without naming it specifically, Cisco Systems Chief Executive Officer John Chambers dismissed recent apocryphal news reports of a rumor that the router giant was considering acquiring Finnish cell phone vendor Nokia...
DSL Port Sales Explode
By: By Carol Wilson
DSL port shipments hit record levels in the second quarter of 2005, as Asian and European carriers brought higher speeds and more advanced services to their customers, according to broadbandtrends.com. Global port shipments exceeded 19 million, driven primarily by upgrades to ADSL 2+ and Ethernet platforms designed to offer IPTV, said Teresa Mastrangelo, principal analyst with broadbandtrends.com....
Motorola invests in BPL chipmaker
By: By Ed Gubbins
Motorola Ventures, the equity investment arm of Motorola, has invested in Intellon, a provider of integrated circuits with a focus on broadband over powerline...
Nortel has ‘acceptable’ second quarter
By: By Ed Gubbins
Nortel Networks reported $2.9 billion in revenue for the second quarter, a 10% increase from last year’s second quarter and a 13% increase from this year’s first quarter. Overall net income was about one cent per share...
Qwest narrows loss in Q2
By: By Jason Meyers
In its second quarterly earnings report since abandoning its bid to acquire MCI, Qwest Communications noted improving revenue trends in several service sectors...
MCI acquires Totality
By: By Ed Gubbins
MCI has agreed to acquire Totality, a six-year-old designer of enterprise networks and provider of remote managed services for business-critical applications...
Comcast revenues up, on digital products
By: By Carol Wilson
Comcast is reaping the rewards of its network investment and new service initiatives, today reporting major increases in revenue and operating income...
ECI Telecom up 26%, looks to IPTV future
By: By Tim McElligott
Israel’s ECI Telecom reported a 26% increase this week in second-quarter revenues as it generated $153 million. The company also announced a contract with a major European carrier to deliver IPTV services...
Citizens stalls IPTV, stays the course on wireless, VoIP
By: By Vince Vittore
As part of its second quarter earning report today, Citizens Communications said it would delay a planned rollout of an IP video service until 2006 because of several factors...
