SYCAMORE NETWORKS SKYROCKETS IN IPO
Sycamore Networks made a spectacular IPO debut on Friday (October 22), rising 386% over its opening price to close at 184 ¾, giving the company a market capitalization of $14.4 billion. The initial public offering price for the 7.475 million shares (NASDAQ:SCMR) was $38 per share.  For comparison, 3Com had a market capitalization of 9.467billion as of Friday's close (October 22).

Sycamore is developing an optical platform with switching/routing intelligence for providing dynamic wavelength services.  The product line consists of an Intelligent Optical Transport Node that delivers long haul OC-48 private lines, ATM and/or IP trunk services over an existing SONET OC-192 infrastructure.  On the service side, the SN 6000 provides an OC-48/STM-16 interface to ATM switches, IP routers or to other SONET/SDH terminals.  On the network side, the SN 6000 provides wavelength conversion and optical multiplexing of the OC-48/STM-16s onto OC-192/STM-64 trunks.  The platform supports 1-44 wavelengths using the 50GHz ITU grid and it scales up to 28 OC-48s/STM-16s per rack.  Sycamore is also developing intelligent optical add/drop nodes, which initially extend to distances of 500 km without regeneration and provide 1-44 wavelengths.  So far, Sycamore has disclosed 2 customers for its platform: Williams and Millennium Optical Networks, a CLEC developing carrier-to-carrier communications in New York City.  Williams, which placed an initial $24.5 million order for Sycamore equipment in March, expects the platform to reduce the lead times for provisioning new services from months to days.  Sycamore Networks is led by Gururaj "Desh" Deshpande, founder and chairman, and Dan Smith, president and CEO. Deshpande and Smith were the former chairman and CEO, respectively, of Cascade Communications.  http://www.sycamorenet.com
ATM News Digest, October 22, 1999

NOKIA ACQUIRES TELEKOL FOR IP TELEPHONY AND WIRELESS LAN TECHNOLOGIES
Nokia will acquire Telekol Corporation, a developer of Internet and LAN integrated Computer Telephony software, servers and hardware, for US$56.5 million.  Telekol offers a multimedia business communications server that is speech-enabled and Internet-integrated.  The IntegraX business server identifies incoming voice calls using caller ID, provides CTI network server functionality, integrates all messages (voice/fax/e-mail) on a Microsoft Exchange server for sharing across the enterprise, integrates with a Lotus Notes server, provides speech recognition tools and supports customized software for industry-specific applications (e.g., hotels).  Telekol is based in Waltham, Mass. and has 60 employees.  Nokia said the acquisition would strengthen its integrated messaging and advanced call-processing solutions.  http://www.nokia.com  http://www.telekol.com
Nokia, October 22, 1999

 Nokia's Previous Networking Acquisitions

WORLDXCHANGE PLANS NEW EUROPEAN FIBER NETWORK BUILD
San Diego-based WORLDxCHANGE Communications unveiled plans to develop and deploy a 3,000 km fiber network in Europe.  Keith Harman, formerly director of Network Engineering for Esprit Telecom (recently acquired by GTS), has joined WORLDxCHANGE as Senior Vice President of Engineering.  WORLDxCHANGE also named Peter Chubb as Senior Vice President of Infrastructure. Before joining WORLDxCHANGE, Chubb served as the executive director of infrastructure for Viatel.  Earlier this year, WORLDxCHANGE acquired dark fiber IRUs for over 50,000 route miles across the US from a major carrier.  The company also acquired in excess of $50 million of undersea fiber optic cable capacity through ownership interests in 26 different cable systems.  The company currently provides long distance services between the US and 13 countries.  http://www.worldxchange.com/pressrls/10_22_99.htm
WORLDxCHANGE, October 22, 1999

US WEST REPORTS 80,000 DSL SUBSCRIBERS
US West is now serving about 80,000 DSL subscribers, up by 30,000 over the past three months.  US West has 237 DSL equipped central offices and is serving an average of 338 subscribers per central office.  The company noted that 90% of new subscribers are choosing to install the service on their own, avoiding a truck roll and reducing provisioning costs.  US West's !NTERPRISE data revenues were $221 million, up 58% over the same period last year.  http://www.uswest.com/news/102299.html
US West, October 22, 1999

CINCINNATI BELL REACHES 12,000 DSL SUBSCRIBERS, 768/384K for $29.95/MONTH
Cincinnati Bell, which recently agreed to be acquired by IXC Communications, now reaches 12,000 DSL subscribers, up by 4,000 since June 30.  Cincinnati Bell's "ZoomTown" DSL service is one of the lowest cost DSL services: 768/384k ADSL transport only for $29.95, Internet service is an additional $10 per month. Cincinnati Bell uses Cisco Systems end-to-end DSL equipment.  http://www.cinbellinc.com
Cincinnati Bell, October 22, 1999

JTEC TEAMS WITH NORTEL NETWORKS
Jtec, an Australian-based developer of telecommunications equipment and systems, joined Nortel Networks' Business Affiliate Program.  Jtec offers a range of LAN internetworking, Frame Relay, ISDN and ATM products.  Initially, Jtec is providing a protocol transfer solution based on its Virtual eXchange product for enabling seamless connectivity between DPNSS devices, such as PABXs, to the Nortel Networks' Passport multi-service switch portfolio.  The application is particularly relevant in the UK market where the majority of PABX equipment is built to the DPNSS standard.  http://www.jtec.com.au
JTEC, October 22, 1999

GDC FORMS ALLIANCE WITH TODD COMMUNICATIONS FOR MPEG2/ATM
General DataComm (GDC) formed an alliance with TODD Communications to integrate Todd's web-based video management and control software with GDC's new MAC 500 ATM MPEG-2 access concentrator.  The companies will provide a large-scale broadband video solution for telemedicine, distance educational, corporate and government applications.  Todd's control software includes a Web-based Session Scheduler, Connection Control application, Room and Session Control application and an Administrative application.  GDC's MAC 500 multimedia access concentrator provides low-latency MPEG-2 video compression and IP/Ethernet access over next generation Internet and ATM, while eliminating the need for multiple standalone video codecs and associated network access ports. The joint solution will also use GDC's APEX ATM switches and Multimedia Multipoint Server (MMS). TODD Communications is based in Minneapolis.  http://www.gdc.com  http://www.toddcomm.com/
GDC, October 25, 1999

CISCO 7200 ROUTER REACHES THE 50,000 SHIPMENT MILESTONE
Cisco Systems reached the 50,000 unit shipment milestone for its 7200 Series multifunction routers.  The product family was recently enhanced with new network processing engines for providing intelligent network services for WAN-edge applications.  http://www.cisco.com
Cisco Systems, October 22, 1999