Carrier Access cuts costs as revenues dwindle
By: By Ed Gubbins
Carrier Access is restructuring some operations to cut costs this year after another disappointing quarter...
Level 3 completes AT&T asset buy
By: By Carol Wilson
Divestiture orders are spreading AT&T and Verizon fiber assets through the competitive industry. Level 3 Communications today announced that it has completed the acquisition of fiber assets from AT&T in Detroit, Hartford, Kansas City, Milwaukee, San Francisco and St. Louis...
Ciena searches for new CFO
By: By Ed Gubbins
Ciena has begun looking for a replacement for Joe Chinnici, who will resign his position as the company’s chief financial officer by the end of this year. Chinnici worked for the optical equipment vendor for 12 years...
Alcatel-Lucent acquires ROADM vendor Tropic
By: By Ed Gubbins
Alcatel-Lucent has agreed to acquire optical equipment vendor Tropic Networks for an undisclosed sum, the companies announced today. The two have been partners since they jointly pursued a deal to supply reconfigurable optical add/drop multiplexers (ROADMs) to SBC Communications in 2004...
OFC: Analyst blames Cisco for unprofitable optics
By: By Ed Gubbins
ANAHEIM--“This is an era of profitless prosperity,” Andrew Schmitt, general partner of Niquist Capital, told a crowd at the Optical Fiber Communications conference...
AT&T CEO paid $32M for 2006
By: By Ed Gubbins
AT&T paid Ed Whitacre nearly $32 million for his work as the company’s chairman and chief executive officer last year...
Genband acquiring Tekelec switching biz
By: By Dan O'Shea
Somehow, Charlie Vogt’s career keeps intersecting with Tekelec, only this time Tekelec is coming to Vogt. Genband, the Plano, Tex.-based vendor of which Vogt is CEO, has signed a definitive agreement to acquire Tekelec’s switching business unit...
Global Crossing vows return to growth this year
By: By Ed Gubbins
Two years ago, Global Crossing Chief Executive Officer John Legere told investors significant revenue declines in the company’s future were “a good thing” because they signaled a transition to a more profitable business...
Juniper departures raise concerns
By: By Ed Gubbins
Executive departures announced by Juniper Networks this week have some analysts concerned about the company’s turnover...
Acquisitions define Adva’s direction
By: By Ed Gubbins
Adva Optical Networking ended 2006 with 50% more employees than it had a year earlier, and nearly 50% more revenue, thanks to two acquisitions that give the equipment vendor added opportunity and added uncertainty in 2007...
SEC charges ex-Nortel execs with fraud
By: By Ed Gubbins
The U.S. Securities and Exchange Commission charged four former Nortel Networks executives with accounting fraud today...
Ceterus collects another $20 million
By: By Ed Gubbins
Ceterus Networks collected another $20 million in funding, the equipment vendor announced today, raising its total funding to nearly $60 million...
Alcatel to lead Alcatel-Lucent revenue growth
By: By Ed Gubbins
Most of the revenue growth Alcatel-Lucent will see in the next two years will come from the Alcatel side of the house, according to estimates published by UBS Investment Research this week...
Carrier Access acquires Mangrove
By: By Ed Gubbins
Carrier Access has acquired Mangrove Systems for $8 million in cash, the company announced today. The news comes more than a month after Mangrove told its suppliers it was ceasing operations...
Ciena’s optical business snowballs
By: By Ed Gubbins
Ciena beat the expectations of Wall Street analysts today, reporting $165 million in fiscal-first-quarter revenue when the street expected $164 million. But its quarterly earnings, at $0.22 per share, were below the street consensus of $0.23, the result of a lot of low-margin installation services Ciena performed in the quarter...
Nortel to restate financials yet again
By: By Ed Gubbins
Nortel Networks will once again restate its financial reports for previous years, following years of accounting problems and restatements...
Comptel: AFS continues expansion with IDACOMM
By: By Carol Wilson
LAS VEGAS--Under the radar of some of the larger consolidations in the competitive carrier industry, American Fiber Systems is quietly building a CLEC empire in Tier 2 and Tier 3 cities. Most recently, the company completed its acquisition of IDACOMM, adding the Nevada cities of Las Vegas, Reno, and Carson City as well as Boise, Ida., to its list of cities served...
Infinera sales VP out-earns CEO in 2006
By: By Ed Gubbins
Scott Chandler earned more than four times what his boss did last year. As vice president of worldwide sales for Infinera, the soon-to-be-publicly-held optical switch maker, Chandler was paid more than $1.2 million in 2006, while chairman, president and chief executive officer Jagdeep Singh made $276,086...
Sycamore works to bring acquisition up to speed
By: By Ed Gubbins
Sycamore Networks has completed the integration of Eastern Research, but the company it acquired last year has yet to return to its previous revenue run rate...
Juniper bulks up former Kagoor staff
By: By Ed Gubbins
Juniper Networks is hiring 25 engineers as part of an expansion of its Israeli research and development facility, the company told the Israeli business press this week...
US LEC preens heading into merger
By: By Ed Gubbins
A week before shareholders will vote on its proposed merger with Paetec, US LEC reported a more than 9% increase in annual revenue and a 57% improvement in its net loss during 2006...
Legal fees a third of muni fiber cost
By: By Ed Gubbins
About a third of the money spent so far on a municipal fiber-to-the-home (FTTH) project in Louisiana has gone to lawyers, according to local media reports...
Yipes declares positive cash flow
By: By Ed Gubbins
Yipes Enterprise Services’ cash flow from recurring operations swung positive in 2006, the privately held Ethernet service provider reported today...
Ericsson acquires Entrisphere
By: By Ed Gubbins
Ericssson today announced its acquisition of fiber access equipment vendor Entrisphere. “Fiber technology is essential for high-definition IPTV and other IP-based services,” Ericsson said in a statement released today. “Entrisphere has a well proven and competitive product portfolio, ready for large scale deployment....
Alcatel-Lucent job cuts climb to 12,500
By: By Ed Gubbins
Reporting its first quarterly earnings as a merged company today, Alcatel-Lucent announced an increase in the number of jobs it intends to cut over the next three years from 9,000 to 12,500...
