OFC/NFOEC: Crowded component vendors can't raise prices, says RHK
By Ed Gubbins
In describing the current state of the long-troubled optical component sector in his keynote address to the newly combined OFC/NFOEC show, John Ryan, founder of analysis firm RHK, reiterated the same need for consolidation that has been echoing throughout the sector for the past half decade....
Former Cisco exec named Nortel COO
By Ed Gubbins
Nortel Networks named former Cisco Systems executive Gary Daichendt its new president and chief operating officer today....
NeoPhotonics buys big stake in Chinese component firm
By Ed Gubbins
NeoPhotonics became the largest shareholder in Photon Technology, China's largest manufacturer of active optical components, this week. ...
Infonetics: Metro WDM 'on fire'
By Ed Gubbins
"Metro WDM optical equipment is on fire," Infonetics Research analyst Michael Howard declared upon the release of new data today charting equipment revenue in the sector....
Meriton targets major carriers with new CEO
By Ed Gubbins
Equipment vendor Meriton Networks named Michael Pascoe its new chief executive officer today amid a new focus on tier 1 carriers....
Ciena sees new life in core networks
By Ed Gubbins
A rare, unexpected surge in sales of its core transport equipment helped Ciena post higher than expected revenue for its fiscal first quarter 2005, providing a shot in the arm to what has long been a stagnant sector....
Sycamore cuts loss, bides time
By Ed Gubbins
Sycamore Networks refused to elaborate on its ongoing search for “strategic alternatives” in a harsh optical equipment market while reporting a smaller net loss and increased revenue for its second fiscal quarter of 2005...
Broadwing reports first full quarter with Focal
By Ed Gubbins
In the company's first full quarter of contribution from acquired competitive local exchange provider Focal Communications, Broadwing reported increased revenue and a smaller loss for the fourth quarter and full year 2004. CEO David Huber called the results "the capstone for a remarkable year."...
Verizon-MCI backbone spending unclear
By Ed Gubbins
Total spending among North American carriers may be higher than previously expected as a result of the Verizon Communications/MCI merger, Lehman Brothers analyst Steve Levy wrote in a report issued today. ...
Ed Kennedy joins Hatteras board
By Ed Gubbins
Former Tellabs executive Edward Kennedy has joined the board of directors for Hatteras Networks, a vendor of Ethernet access equipment, the company announced today. ...
Nortel glimpses 2005 in 1H04 report
By Ed Gubbins
Nortel Networks today released unaudited financial reports for the first and second quarters of 2004, reporting $75 million in net earnings (or 2 cents per share) for the six-month period. ...
Nortel names Currie CFO--again
By Ed Gubbins
Nortel Networks' former chief financial officer Peter Currie will be its new CFO effective Feb. 14, and assistant controller Karen Sledge will be its new interim controller effective Feb. 7....
New CEO struggles to turn Avici around
By Ed Gubbins
In his first quarterly earnings call as Avici Systems' new interim CEO, Bill Leighton said he was very pleased with the company's management team but "clearly disappointed" with the amount of revenue Avici earned in the second half of the year. ...
Tellabs talks AFC, Vinci integration
By Ed Gubbins
In its first quarterly earnings report to include contributions from the acquisition of Advanced Fibre Communications, Tellabs provided more detail on its expectations for the new access business, including its more recent acquisition of Vinci Systems. ...
Nortel comes clean
By Ed Gubbins
A report commissioned by Nortel Networks and conducted by the law firm Wilmer, Cutler, Pickering, Hale & Dorr confirmed last week what many analysts had...
Tellabs' Vinci buy raises interop concerns
By Ed Gubbins
The recent acquisition of FTTP equipment vendor Vinci Systems by Tellabs has since raised concerns among some prospective buyers of FTTP gear...
Alcatel names new CTO
By Ed Gubbins
Alcatel has named Olivier Baujard its new chief technology officer, replacing Niel Ransom, to whom Baujard has been reporting since Ransom became Alcatel’s...
FlexLight gets new CEO
By Ed Gubbins
Equipment vendor FlexLight Networks has named J. Michael Camp its new CEO, replacing Gary Lee, who will become the company’s chief marketing officer....
Nortel files audited 2003 restatement
By Ed Gubbins
Nortel Networks filed audited financial statements for the year 2003 yesterday, reflecting the restatements of 2001 and 2002. In a teleconference this...
Conversent, FiberNet merge
by Ed Gubbins
Conversent Communications, a competitive local exchange carrier (CLEC) operating in seven Northeastern states, has agreed to merge with FiberNet, which...
Lehman: Cisco, Nortel may have won Comcast optical RFP
By Ed Gubbins
Cisco Systems and Nortel Networks may have won contracts to supply equipment for Comcast’s nationwide optical network, according to a research note issued...
Tellabs acquires Vinci
by Ed Gubbins
Tellabs acquired Vinci Systems, a privately-held vendor of customer premises equipment for fiber-to-the-premises (FTTP) networks, for “up to” $52.5 million...
ITC^Deltacom cancels three-way CLEC merger
by Ed Gubbins
ITC^Deltacom announced today it has cancelled its planned merger with two other competitive local exchange carriers, FDN Communications and Network Telephone....
In the Spotlight: Ciena's Gary Smith
By Ed Gubbins
Ciena won some long-awaited praise in its fiscal fourth-quarter earnings report last week, with higher-than-expected revenue, lower-than-expected cash...
Nortel expects Q4 sales increase, flat year
By Ed Gubbins
In its latest financial restatement update, Nortel Networks provided its first quarterly guidance in some time by predicting a 23% to 28% sequential increase...
