PMC-SIERRA TO ACQUIRE ABRIZIO FOR BROADBAND SWITCH CHIP FABRICS
PMC-Sierra will acquire Abrizio Inc., a privately held, fabless semiconductor start-up, for approximately US$400 million (4.35 million shares of stock). Abrizio specializes in switch chip fabrics for core ATM switches, digital cross-connects and terabit routers. The chipset design supports POS, ATM, Frame Relay, voice, and IP traffic at up to OC-192 rates. Abrizio's first chipset has been designed into several Tier 1 broadband customers' mainstream systems. The company was founded by Dr. Nick McKeown, an Assistant Professor of Electrical Engineering and Computer Science at Stanford University, and Anders Swahn, previously Executive Vice President of World Wide Sales and Marketing for Allied Telesyn International.  The Mountain View, California company raised $6 million in venture funding from Benchmark Capital and Sequoia Capital. http://www.abrizio.com
http://www.pmc-sierra.com/pressRoom/pr/1999082400.html
PMC Sierra, August 24, 1999

NORTEL TO ACQUIRE PERIPHONICS FOR INTERACTIVE VOICE - CALL CENTER
Nortel Networks will acquire Periphonics Corporation, a provider of interactive voice solutions used in call centers, for about US$436 million in stock. Periphonics offers software for Interactive Voice Response (IVR), advanced speech processing with large vocabulary recognition, natural language processing and text-to-speech, speech output as well as interactive processing via Web browsers, messaging, and fax. The New York company has 900 employees and annual revenue of US$142 million. Nortel said the acquisition would allow it to develop new solutions for unifying call centers with the Internet. http://www.peri.com/
http://www.nortelnetworks.com
Nortel Networks, August 24, 1999

AT&T TO ACQUIRE BRAZIL'S NETSTREAM FOR US$300 MILLION
AT&T will acquire Netstream, an emerging Brazilian carrier with an IP/ATM-based network and its own fiber facilities in Sao Paulo, Rio de Janeiro and Belo Horizonte, for approximately US$300 million. Netstream has about 30,000 km of installed fiber, 160 buildings on its network and 400 customer accounts. Netstream is owned by Promon Tecnologia S.A., Brazil's leading engineering, design and construction management firm. AT&T said the Brazilian telecommunications industry is a $14 billion market, with business representing $9 billion, and advanced data services growing in excess of 20% a year. http://www.att.com/press/item/0,1193,619,00.html
AT&T, August 24, 1999

3COM SUPPLIES CDMA WIRELESS DATA ACCESS GATEWAY TO SPRINT PCS
3Com will supply a circuit-switched wireless data access gateway solution for Sprint PCS. 3Com's CDMA InterWorking Function (IWF) platform serves as a gateway between wireless CDMA and wireline networks. The CDMA - IP gateway eliminates the need for a network modem, providing mobile users on the Sprint PCS network with direct digital access to the Internet and corporate intranets. The solution will support transmission speeds of 14.4 kbps. Connect times from the mobile phone to the data network will range from 5 to 7 seconds. Sprint PCS plans to a full-scale, nationwide launch its Wireless Web service in late September. The Sprint service will use a microbrowser from Phone.com to enable mobile phones to receive updates from Yahoo! and other partner content providers. Sprint PCS subscribers will also be able to use the mobile data service to connect their notebook computers or PDAs. Voice and data minutes will be combined in a single pricing bundle. Sprint PCS currently has 4 million mobile phone subscribers. 3Com's IWF technology is based on the company's Total Control multiservice access platform. http://www.3com.com/news/releases/pr99/aug2499a.html
3Com, August 24, 1999

DRAFT SPECIFICATION FOR HOME VIDEO ELECTRONICS USES IP/IEEE 1394
The Video Electronics Standards Association (VESA) released a draft specification for networking home electronic devices, such as PCs, TV, VCRs, security systems, residential gateways and cable modems. The proposed specification includes physical media and data link layers using 1394b, a long distance version of IEEE 1394-1995 as the digital backbone and IP as its standard internetworking protocol.  The Common Application Language (CAL), AV/C and X-10 models, and associated commands will be transported over existing protocols using HTTP and XML. Participants in VESA include CAL Interoperability Council (CIC), Canon Information Systems, Consumer Electronics Manufacturers Association (a sector of the Electronic Industries Alliance), Lexmark International, Metro Link Inc., Motorola, Inc., Panasonic, Samsung Electronics, Telcordia Technologies and over 240 other companies. http://www.vesa.org/ 
VESA, August 24, 1999

LUCENT ANNOUNCES 10 GBPS ENTERPRISE FIBER CABLING SOLUTION
Lucent Technologies announced a 10 Gbps fiber-optic cabling solution for enterprise networks. Lucent's new LazrSPEED combines a short- wavelength multimode fiber developed by Bell Labs with Lucent's high-performance LC small-form-factor connector. LazrSPEED permits the use of low-cost, short-wavelength vertical cavity surface-emitting laser (VCSEL) transceivers for one- and 10 Gbps applications. For 10 Gbps rates, it supports transmission distances of up to 300 meters. http://www.lucent.com/press/0899/990824.nsc.html
Lucent Technologies, August 24, 1999

EFFICIENT NETWORKS ADDS TO ADSL CPE LINE
Efficient Networks introduced two new ADSL modems: the SpeedStream 3041, an ADSL internal modem for Windows PC users; and the SpeedStream 4041, a standalone ADSL Universal Serial Bus modem suited for telecommuters and residential users. The new modems support both full-rate DMT ADSL and the G.lite standard. http://www.efficient.com/news/199908241.html
Efficient Networks, August 24, 1999

COLT INTERNET APPOINTS MANAGING DIRECTOR
COLT Telecom Group plc (COLT) appointed Rob Mainor as Managing Director of its Internet unit. Mainor formerly served as Senior Vice President of Bell Atlantic Data Solutions Group and previously as VP of CompuServe, where he launched its Internet services business. London-based COLT Telecom currently has network facilities operations in eighteen European cities in nine countries and plans to be providing service in 24-26 cities by the end of 2000. http://www.colt.co.uk/
COLT, August 24, 1999

ONEPOINT SELECTS LUCENT FOR IP-BASED VOICE AND DATA NETWORK
OnePoint Communications, a start-up service provider targeting apartment communities, signed a $50 million, three-year agreement with Lucent Technologies for an IP-based voice and data network. OnePoint plans to deploy Lucent's revolutionary PathStar Access Server to deliver integrated voice/data. Lucent's PathStar Access Server is being designed to deliver an essential set of "Class 5" or local telephony features, DSLAM aggregation, and edge router functionality based on IP and/or IP over ATM networks for new and emerging carriers. The first PathStar systems are expected to be deployed in Phoenix in November. OnePoint's service areas include Maryland, Virginia, Pennsylvania, Illinois, Georgia, Colorado, Arizona, North Carolina and the District of Columbia. http://www.lucent.com/press/0899/990824.nsb.html
Lucent, August 24, 1999

EQUINIX HIRES FRONTIER GLOBALCENTER AND POINTCAST EXECUTIVES
Equinix announced the appointments of Philip Koen as chief financial officer (CFO) and Peter Ferris as vice president of worldwide sales. Koen previously served as CEO of PointCast. Ferris formerly served as senior vice president of sales at Frontier GlobalCenter. Equinix, a start-up based in Redwood City, California, is developing Internet Business Exchanges (IBXs) for eCommerce. The Equinix concept is to provide interconnection and financial grade security at a common exchange point for ISPs, carriers, content providers and application service providers (ASPs). Equinix had received funding from Cisco Systems, Microsoft and Benchmark Capital to develop its highly secure Internet Business Exchanges. http://www.equinix.com/
Equinix, August 24, 1999

BROADSOFT UNVEILS ENHANCED SERVICE CREATION PLATFORM
BroadSoft Inc., a start-up based in Gaithersburg, Maryland, announced a hardware-independent software platform for creating enhanced services over the PSTN and next generation packet networks. BroadSoft's distributed architecture separates the service creation layer from the network fabric (switches, routers, SONET multiplexers, and access devices), allowing new services to be created without changes to network devices. The platform manages subscriber and service information while integrating telephony support with Internet services. It will also provide access to resources such as voice response units, credit card validation systems, billing systems, text-to-speech translation, email servers, etc. The system uses standard protocols and open interfaces to create services that converge the telephony and data networks. BroadSoft was founded by former employees of Celcore (DSC/Alcatel USA) and received funding from Bessemer Venture Partners, Charles River Ventures and Columbia Capital Corp. http://www.broadsoft.com/
BroadSoft, August 24, 1999

AMBER NETWORKS RAISES $19M IN FIRST ROUND FUNDING
Amber Networks, a start-up based in Santa Clara, California, raised $19 million in a first round of venture funding to further its development of carrier-class edge networking systems. Amber Networks said its carrier-class edge networking systems would enable service providers to offer new, revenue-generating IP-based services leveraging their terabit core infrastructure while reducing their operational costs. Specific product plans have not yet been announced. Investors include leading Accel Partners, Information Technology Ventures and Invesco. http://www.ambernetworks.com
Amber Networks, August 24, 1999

NEWBRIDGE NETWORKS REPORTS REVENUE OF C$495 MILLION, UP 8% SEQUENTIALLY
Newbridge Networks reported record quarterly revenue of C$495 million, up 8% sequentially. Net income was C$47 million, or 26c per share basic and fully diluted under Canadian GAAP, or US 18c per share. WAN packet revenue grew by more than 12% sequentially to reach C$357 million in the quarter, representing 72% of total revenue. Newbridge said sales of the 36170 switch were more than double that of the previous year's first quarter. There were 140 customers for the MainStreetXpress 36170 system in the quarter -- a record number of 36170 customers for any quarter -- including 28 new customers. The company also noted strong interest in its 50 Gbps and 320 Gbps expanded versions of the 36170 Multiservices Switch, which are expected to enter trials later this year. http://www.newbridge.com
Newbridge Networks, August 24, 1999

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