WILLIAMS AWARDS $200 Million CONTRACT TO CORVIS 
Williams Communications signed an agreement with Corvis Corp. valued at up to $200 million for the supply of long-haul optical transport equipment.  The Corvis system allows the transmission of optical signals up to 3,200 kilometers without electrical regeneration.  The equipment is currently being tested along Williams' Houston-Washington, D.C. route.  The test route will also be extended to Dallas and to New York.  Commercial deployment is expected upon successful completion of the trial.  http://www.corvis.com/
Corvis, April 13, 2000

• The Corvis platform is being designed for fast service provisioning, optical layer protection and the ability to scale to 2.4 Tbps without in-field upgrades.  The system will support OC-48 and OC-192(c) IP services, as well as SONET devices and ATM.  Corvis is led by Dr. David Huber, who previously founded Ciena and developed its 16-channel DWDM platform. 

TERAWAVE GRANTED 7 US PATENTS IN PASSIVE OPTICAL NETWORKING
Terawave Communications, a start-up based in Hayward, California was granted seven US patents providing the foundation for its TeraPON Gigabit Passive Optical Network technology. The patents cover: 1) fast threshold determination circuit for packet-multiplexed digital communication, 2) QoS switching across the Passive Optical Network, 3) Dynamic Upstream Queue Status Reporting, 4) a remote, hierarchical, bandwidth provisioned, rotating priority scheduler, 5) initialization vector for security based on slot numbering, 6) in-line security key switchovers and an adaptive rate optical communications receiver for DWDM. 
http://www.terawave.com/pr_files/Patents-04_13_00.htm
Terawave Communications, April 13, 2000

• Last month, Terawave introduced its passive optical networking (PON) system.   The platform uses a Service Adaptive Lightpath Switching Architecture to dynamically switch lightpaths in a metropolitan fiber network to meet individual service level demands.  Terawave uses custom ASICs to make the QoS and lightpath switching decisions, allows any granularity of bandwidth to be statistically shared among subscribers, while guaranteeing a specified amount of bandwidth for each stream.  Terawave's VirtualPON technology provides Optical-Splitter-Gain functionality, allowing a single fiber strand and low cost optical splitters to serve over a thousand PON connections.  Terawave is led by Ray Lin, the former co-founder and CEO of Premisys.   
• More on PONs  http://www.convergedigest.com/DWDM/pons.htm

CYOPTICS RAISES $16.3 MILLION IN FUNDING FOR HIGH POWER OPTOELECTRONIC COMPONENTS
CyOptics, a start-up with facilities in Los Angeles and Israel, secured $16.3 million in first round funding for its development of optoelectronic component based on Indium Phosphide technology.  The company will have full optoelectronic component manufacturing capability, including Indium Phosphide wafer fabrication, regrowth, and characterization, as well as microelectronic packaging and test & qualification facilities.  Investors include Soros Private Equity Partners LLC, The Sprout Group, Jerusalem Venture Partners, Innovacom, SCD and Eurofund.
http://www.cyoptics.com/news/index.htm#apr13
CyOptics, April 13, 2000

• In February, CyOptics announced its Indium Phosphide semiconductor technology for use in optical components for 40 Gbps and ultra-long-haul (ULH) 10 Gbps transmission systems.  CyOptics said its patented Pulse Generating Laser (PGL) technology enables very high-speed and long-haul DWDM transmission by generating high power, short laser pulses.  The size and power drive requirements for PGL make it suitable for RZ (Return to Zero) and OTDM (Optical Time Domain Multiplexing) transmission systems.  CyOptics expects new methods of optically multiplexing data streams will make possible line speeds of 100Gbps and higher.  
  
• CyOptics is led by Eran Yarkoni, who previously managed Intel's Pentium Processor product line, and Dr. Uzi Koren, who previously developed Electro-absorption Modulated Laser (EML) technology at Lucent's Bell Labs.  The company was spun out of the telecommunications group of SCD in early 1999.

IG2 AWARDS $400 MILLION CONTRACT TO LUCENT FOR NATIONAL BROADBAND NETWORK
IG2, a subsidiary of Fidelity Holdings, selected Lucent Technologies to supply up to $400 million in equipment and services for a new planned end-to-end, nationwide broadband network for Internet Service Lucent will arrange financing and equity for IG2.  Under the 3-year deal, Lucent will supply voice, data networking, switching/access systems, and software, including its GX 550 ATM switches, CBX 500 & 3153 WAN switches, NavisCore management and PathStar access server, a converged voice and data switch.  IG2 said it leverage DSL and a national private network for advanced services in 31 states.  http://www.lucent.com/press/0400/000413.coa.html
Lucent Technologies, April 13, 2000

• IG2 stands for Internet Generation 2. The company plans to provide a bundled package of Internet access, local and long distance telephone service, television programming, television quality video conferencing and e-Commerce over DSL to residential and small business customers.   http://www.ig2.com/

CONEXANT SYSTEMS ACQUIRES APPLIED TELECOM FOR SOFTWARE
Conexant Systems acquired Applied Telecom, a privately held developer of telecommunications software, for an undisclosed sum.  . Applied Telecom offers software solutions that make it easier to integrate silicon into physical-layer system designs, physical-layer interface modules and inverse-multiplexing ATM (IMA) products.  The company is based in Lisle, Ill.  http://www.conexant.com
Conexant Systems, April 13, 2000

• Earlier this week, Conexant Systems announced plans to acquire Philsar Semiconductor Inc., a privately held developer of RF semiconductor solutions for personal wireless semiconductor components, including designs for emerging standards such as Bluetooth and RF components for third-generation (3G) digital cellular handsets.   Philsar is based in Ottawa, Ontario, Canada.

PMC-SIERRA REPORTS 27% SEQUENTIAL QUARTER REVENUE JUMP FOR NET SILICON
PMC-Sierra reported quarterly revenue of US$102.8 million. Revenue for networking silicon was up 27% sequentially to $97.8 million.  Net income was $23.0 million, or $0.17 p/s, prior to one-time acquisition costs for Toucan Technologies and AANetcom.  http://www.pmc-sierra.com/
PMC-Sierra, April 13, 2000

• Consensus estimates for PMCS were $0.16 p/s

JUNIPER NETWORKS' SALES RISE 41% SEQUENTIALLY TO $64 MILLION
Juniper Networks reported quarterly revenue of $63.9 million, up 41% over the preceding quarter.  Pro forma net income, prior to special charges, was $10.5 million or $0.06 per share.  Separately, Juniper announced a 2-for-1 stock split.  http://www.juniper.net/
Juniper Networks, April 13, 2000

• Consensus estimates for JNPR were $0.04 p/s.

FOUNDRY NETWORKS REPORTS 27% SEQUENTIAL INCREASE IN QUARTERLY SALES
Foundry Networks reported quarterly revenue of $70.0 million, up 27% over the preceding quarter and up 355% over the same time last year.  Net income was a record $18.1 million, or $0.14 per diluted share.  http://www.foundrynetworks.com/pr4_13_00.html
Foundry Networks, April 13, 2000

• Consensus estimates for FDRY were $0.10 p/s