IBM EXITS NETWORK SWITCHING/ROUTING HARDWARE, FORMS INTEGRATION ALLIANCE WITH CISCO SYSTEMS
IBM and Cisco Systems announced a global alliance under which Cisco will acquire the routing and switching intellectual property from IBM's Networking Hardware Division. The companies will jointly transition IBM customers to Cisco networking solutions. IBM will provide ongoing support of its routing and switching products for existing customers. IBM will also continue to offer its SNA, Token Ring and Ethernet adapter cards. In return, Cisco agreed to purchase IBM technology over the next five years valued at $2 billion. IBM Global Services will offer from network consulting and design based on Cisco's product portfolio. http://www.networking.ibm.com/netnews/083199-proja.html
IBM, August 31, 1999

MMC NETWORKS ESTIMATES IMPACT OF IBM'S NETWORKING EXIT AT 23% OF Q2 REVENUE
MMC Networks said IBM's exit from the LAN switching/routing hardware systems business might have a material impact on its financial results. IBM accounted for 23% of MMC Networks' revenue for Q2 1999. The company said its business outlook otherwise remains healthy. http://www.mmcnet.com/top-company/Press%20Releases/990831.html
MMC Networks, August 31, 1999

CYRAS RAISES $47 MILLION FOR OC192 DATA/OPTICS NETWORKING
Cyras Systems, a start-up based in Fremont, California, raised $32 million in a second round of funding led by New Enterprise Associates (NEA) and Worldview Capital Investments to further its development of optical infrastructure products. Cyras recently hired Steve Pearse as its CEO. Pearse formerly was EVP and General Manager of Nortel Networks' Internet/Telecom Business Group, and previously served as Vice President of Technology Planning at Sprint. Cyras is developing high-performance data/ for CLECs and RBOCs. Specific product plans have not been disclosed.  http://www.cyras.com
Cyras, August 30, 1999

TENOR NETWORKS TARGETS OPTICAL CORE INFRASTRUCTURE 
Tenor Network, a start-up based in Acton, Mass., received $8 million in first round financing for the development of optical products aimed at the core of service provider networks. Tenor Networks said recently introduced optical transport systems only offer the dynamic lightpath infrastructure for next generation long haul and metro networks. It forecasts a new class of device to harness this capability and extend the economic benefits to the service transport network. Specific product plans have not been disclosed. VC funding came from North Bridge Venture Partners, Matrix Partners and Greylock. The company was founded by David Tolwinski, previously VP of 3Com's Switching Division; Leon K. Woo, previously VP of R&D of 3Com's Switching Division; Robert P. Ryan, previously director of Hardware Engineering at 3Com's Switching Division; and Sean Welch, previously COO of IronBridge Networks. http://www.tenornetworks.com
Tenor Networks, August 31, 1999

CISCO ENHANCES CATALYST 6000 WITH LOAD BALANCING, POLICY FEATURES
Cisco Systems announced a new Multilayer Switch Feature Card (MSFC), Policy Feature Card (PFC) and OC-12 ATM uplink modules for its Catalyst 6000 switches. The Multilayer Switch Feature Card (MSFC) and the Policy Feature Card help to intelligently balance the load of user traffic across multiple TCP/IP application servers. The MSFC also provides transparent Web Cache redirection using Cisco's Web Cache Communication Protocol v2 (WCCP). The PFC supports packet classification, marking, scheduling, and congestion avoidance as well as hardware-based protocol filtering for use with IP telephony. The new ATM OC-12 dual-PHY uplink modules (starting at $21,995) provide LANE and MPOA services. http://www.cisco.com/warp/public/146/august99/30.html
Cisco Systems, August 31, 1999

GALILEO ADDS MANAGEMENT INTERFACE CHIP TO ETHERNET SOLUTIONS
Galileo Technology has developed a new network management interface chip that allows the connection of a very low-cost CPU or microcontroller to its GalNet-II Ethernet switching fabric for providing the functionality currently found only in high-end managed switches. The company predicts that low-cost microcontrollers and off-the-shelf software will enable management at virtually every price point in the Fast and Gigabit Ethernet switch market. http://www.galileot.com/ 
Galileo Technology, August 31, 1999

SPRINT SIGNS $10 MILLION WIRELESS MODEM CONTRACT WITH HYBRID NETWORKS
Sprint has agreed to purchase $10 million in wireless modems from Hybrid Networks to be used in its forthcoming fixed wireless data network. Sprint has also agreed to purchase $11 million in convertible debentures in the San Jose, California-based company. Hybrid's wireless equipment is currently being used by People's Choice TV, American Telecasting Inc., Videotron USA and WBS America -- all of which Sprint has acquired or plans to acquire to support wireless access to Sprint ION. Hybrid's Wireless Broadband Data Access System transmits data downstream over MMDS, MDS, WCS, and UHF wireless frequencies. For the upstream link, Hybrid provides wireless, telephone, or leased-line return paths. Unlike the standard single 6 MHz channel architecture used by most wired cable modems, Hybrid's system uses three independent 10 Mbps 2 MHz modulators separate the downstream signal into 2 MHz subchannels, which adapt to 2, 4 or 6 MHz licensed bandwidths. http://www.sprint.com/Stemp/press/releases/9908/9908310853.html
http://www.hybrid.com/
Sprint, August 31, 1999

LUCENT INVESTS IN HORIZON PHOTONICS FOR PASSIVE OPTICAL MANUFACTURING
Lucent Technologies made an equity investment in Horizon Photonics, a manufacturer of passive optical components. Financial terms were not disclosed. Horizon has developed a proprietary micro-fixture design that allows micro-optics to be mounted in small transferable fixtures. The company is based in Walnut, California. http://www.lucent.com/press/0899/990831.mea.html
http://www.horizonphotonics.com/
Lucent Technologies, August 31, 1999

MADGE ACQUIRES OLICOM'S TOKEN RING BUSINESS
Madge Networks N.V. acquired the Token Ring business of Olicom A/S for an up-front cash payment of US$15 million and additional cash payments over the next three years based on Madge's Token-Ring revenue performance. The deal includes certain Olicom Token-Ring inventory, customer base, some key employees and the intellectual property and the rights to manufacture, sell and develop all of Olicom's Token Ring product portfolio. The combined Madge-Olicom will be the leading supplier of Token Ring products worldwide. The deal follows last week's announcement from Madge Networks N.V. that the company will be restructuring into separate legal entities - Madge.connect (a global network solutions provider) and Madge.web (a global managed network and hosting provider). http://www.madge.com
Madge Networks, August 31, 1999

NOKIA TELECOMMUNICATIONS BECOMES NOKIA NETWORKS
Nokia Telecommunications, the infrastructure arm of Nokia, will change its name to Nokia Networks to recognize the industry shift towards the increasing importance of applications, service integration and IP networking. http://www.nokia.com 
Nokia Networks, August 31, 1999

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