MOTOROLA AND AT&T TO SELL "PROJECT ANGEL" FIXED WIRELESS TECHNOLOGY
AT&T Wireless Group agreed to provide Motorola with a temporary license to supply its proprietary, "Project Angel" fixed wireless technology to local service providers outside the US.  AT&T is currently deploying its fixed wireless local voice and data service delivery platform in Fort Worth, Texas.  The company plans to offer fixed wireless local access in six additional US markets by the end of the year.  http://www.motorola.com  http://www.att.com
AT&T Wireless Group, July 13, 2000

• AT&T's Project Angel technology provides always-on, fixed wireless connectivity at rates up to 512 kbps.  AT&T plans to increase the speed to 1 Mbps per channel.  The service does not require line of sight connectivity between the neighborhood base stations and the antenna located on the exterior of the customer's home.  When it launched its Fort Worth service in March, AT&T was charging $25.95 a month for unlimited local calling with Caller ID, call waiting and three-way calling services.  Data services were priced separately at $34.95 a month.  http://www.att.com/press/item/0,1354,2706,00.html
  

TELSTRA SELECTS NORTEL NETWORKS FOR NEXT GENERATION TELEPHONY
Telstra named Nortel Networks as its primary supplier for its New Generation Telephony service, which is currently in trial.  The network uses Nortel Networks Communication Server 3000 softswitch and Centrex IP to deliver converged IP voice/data.  The softswitch will feature a Java-based software environment.  Telstra intends to negotiate a long-term supply contract with Nortel Networks estimated to be worth more than US$100 million.  http://www.nortelnetworks.com/
Telstra, July 13, 2000

COREEXPRESS AWARDS $100 MILLION OPTICAL CONTRACT TO NORTEL NETWORKS
CoreExpress, a start-up service provider headed by Michael Gaddis (former CTO of SAVVIS Communications), signed a multi-year equipment and services agreement with Nortel Networks valued at approximately US$100 million.  The contract covers Nortel Networks' OPTera Long Haul 1600 Optical Line System, which is a 10 Gbps, data-optimized platform that can be scaled to 1.6 Tbps of capacity.  http://www.nortelnetworks.com/
Nortel Networks, July 13, 2000

• Last month, CoreExpress raised $573 million in venture funding to build an extranet service that would provide performance guarantees between businesses using different ISPs.  CoreExpress aims to change the fundamental business model of how ISPs exchange traffic.  Currently, ISPs exchange customer traffic as close as possible to the sender on the originating ISP, and the terminating ISP carries the data the majority of the distance to its destination.  CoreExpress will introduce proprietary Internet Data Exchange System (iDES) that offers financial incentives for ISPs to deliver each other's customer traffic with a guaranteed high level of quality.  The network architecture will use Cisco Systems' routers in addition to Nortel Networks' optical transport.   http://www.coreexpress.net

TRITON NETWORK SYSTEMS RISES 156% IN IPO – BROADBAND WIRELESS
Shares of Triton Network Systems (Nasdaq: TNSI) rose 156% in their first day of public trading. Triton Network Systems is a developer of "consecutive point", fixed wireless equipment.  Its broadband radios can be deployed in ring architectures over metropolitan areas for delivering 155 Mbps SONET or 100 Mbps payload in a full-duplex 2 x 50 MHz channel for the US market, 2 X 50-60 MHz internationally.  Triton's "Invisible Fiber" products are offered in the LMDS, LMCS and 38 GHz frequency ranges. The company is based in Orlando, Florida.  http://www.triton-network.com/
Triton Network Systems, July 13, 2000

BROADWING BEGINS OFFERING 10 GBPS OPTICAL WAVELENGTH SERVICE
Broadwing Communications said it is ready to deliver 10 Gbps optical wavelength services as a standard offering to its customers.  Other telecom companies could use the service to link their routers via 10 Gbps wavelengths over Broadwing's 17,000-mile fiber network.  http://www.broadwing.com
Broadwing Communications, July 13, 2000

ELECTRIC LIGHTWAVE COMPLETES IS 10 GBPS SONET/DWDM NETWORK
Electric Lightwave activated the last three segments of its $131 million fiber network spanning the western US.  The network features a self-healing, 10 Gbps SONET architecture with 32-channel capable DWDM.  http://www.eli.net/media/releases/JULY13.00.shtml
ELI, July 13, 2000

• ELI uses Nortel's OC-192, four fiber bi-directional line-switched ring SONET platform and its 32-channel DWDM equipment, as well as Lucent/Ascend ATM switches and Cisco Systems' GSRs.

PEAK XV NETWORKS TO OFFER OUTSOURCED INFRASTRUCTURE DESIGN
Peak XV Networks, a start-up providing outsourced network design services, secured $21 million in venture funding to build network operation centers and interoperability labs in US and international locations.  Peak XV aims to provide outsourced design, deployment, and operations of next-generation IP networks.  The San Ramon, California-based company was initially funded by Wu-Fu Chen and Arthur Lin, both well-known entrepreneurs in the networking industry. 
http://www.peakxv.net
Peak XV Networks

RHK RAISES $6 MILLION TO EXPAND ITS COVERAGE OF THE NETWORKING INDUSTRY
RHK, a leading provider of market research and analysis for the telecommunications industry, received $6 million in venture funding to expand its coverage.  Investors include Crescendo Ventures, InterWest Partners, CenterPoint Ventures and New York-based Kaufmann Fund.  http://www.rhk.com/
RHK, July 13, 2000    

JUNIPER NETWORKS REPORTS SEQUENTIAL REVENUE GROWTH OF 77%
Juniper Networks reported quarterly revenue of $113.0 million, up 77% over the previous quarter.  Net income was $28.6 million or $0.08 per share.   http://www.juniper.net/news/pressreleases/pr-000713.html
Juniper Networks, July 13, 2000

• Consensus estimates for JNPR were $0.03 p/s

SONUS REPORTS GROWING REVENUE DEPLOYMENTS OF ITS PACKET VOICE PRODUCTS
In its first quarterly financial report as a public company, Sonus Networks reported revenue of $6.5 million, up from $1.1 million in the preceding quarter.  The company said deployments of its packet voice infrastructure products by existing customers Global Crossing, Williams Communications and Intermedia were progressing well.  It also named four new customers:  BroadBand Office, Cybertel, USA Datanet and Z-Tel Technologies.  http://www.sonusnetworks.com/
Sonus, July 13, 2000