ALCATEL TO OFFER TRACKING STOCK FOR OPTICAL COMPONENTS BUSINESS
Alcatel will create a new class of "O" stock to track the performance of its Optronics Division, which designs and manufactures optical components, modules and integrated sub-systems for terrestrial and submarine optical networks.  The company is a leading supplier of DWDM active components and has experience in integrating active and passive components and modules into sub-systems.  http://www.alcatel.com/vpr/index.htm?body=/latestnews/27072000_1uk
Alcatel, July 27, 2000

• Last week, Lucent Technologies announced plans to spin-off its $4 billion per year optoelectronics components and integrated circuits business unit into a separate company to address the strategic conflict it now faces as part of Lucent Technologies.

NORTEL NETWORKS AND CORNING END TALKS ON OPTICAL MERGER
Nortel Networks and Corning terminated their discussions on a possible combination of their optical components businesses.  http://www.nortelnetworks.com  http://www.corning.com
Corning, July 27, 2000

• The Nortel-Corning talks had been reported earlier this week in the Wall Street Journal in speculation over what might have been a business combination valued in excess of $100 billion.

CISCO TO ACQUIRE NUSPEED INTERNET SYSTEMS FOR IP-ENABLED SANs
Cisco Systems will acquire NuSpeed Internet Systems, a start-up developing IP-enable storage area networking technology, for approximately $450 million in stock.  Cisco said the NuSpeed technology would enable it to offer a solution to converge data and storage networks into one infrastructure.  The company has 56 employees and is based in Maple Grove, Minnesota. http://www.cisco.com/warp/public/146/pressroom/2000/jul00/corp_072700.htm
Cisco Systems, July 27, 2000

• NuSpeed Internet Systems was founded in 1999 and is still in "stealth mode." No company announcements to date.  http://www.nuspeed.com

SHAW CREATES BIG PIPE INC. FOR TRANS-CANADA BACKBONE
Shaw Communications, which serves 1.8 million cable customers in Cancada, will create a new company to provide a national fiber backbone for its broadband Internet services.  Big Pipe Inc. will operate a fiber network with connectivity to all the major Internet peering points in Canada and the US.  http://www.shaw.ca
Shaw, July 27, 2000

• Shaw currently has over 250,000 cable modem Internet customers and anticipates doubling of this customer base in 2001.  Shaw is an affiliate of the @Home service.

FIBERNET EXTENDS $200 MILLION METRO DWDM CONTRACT WITH NORTEL NETWORKS
FiberNet Telecom Group, which is building metro optical networks in New York City and Chicago, awarded a US$200 million contract extension to Nortel Networks.  FiberNet will deploy the Nortel Networks OPTera Metro 3500 and 5200 Multi-service Platforms, Nortel Networks Preside network management and professional services.  In addition to the city network, FiberNet negotiates with office building owners to deploy fiber directly to the telephone closet on each of the office floors, thereby extending its SONET infrastructure to the customer.  A US$60 million supply contract with Nortel was announced earlier this year.  http://www.nortelnetworks.com
Nortel Networks, July 27, 2000

• FiberNet Telecom Group activated the first segments of its NYC network in November 1999 using diversely routed OC-48 SONET rings.  It targets Class A office complexes, such as The Chrysler building in mid-town Manhattan.  FiberNet is pursuing a carrier's carrier marketing strategy.  Earlier this month, FiberNet closed a $20 million private placement of 8% convertible preferred stock at a price of $10 per share with Nortel Networks.  http://www.ftgx.com/

BROADSTREET SELECTS LUCENT TO BUILD INTEGRATED DSL NETWORKS IN 16 US CITIES
BroadStreet Communications, a start-up service provider, signed a $120 million agreement under which Lucent Technologies will help it build an integrated voice/data DSL network serving 16 US cities.  The network will use Lucent's PacketStar Multiservice Media Gateways, CBX-500 Multiservice ATM switches, Stinger DSLAMs, PathStar access servers and AccessPoint routers. BroadStreet will also be among the first to deploy Lucent's Integrated Access Devices (IADs) for consolidating voice and data traffic at the customer premise.  http://www.lucent.com/press/0700/000727.nsa.html
Lucent Technologies, July 27, 2000

• In June, BroadStreet raised $62 million in venture funding from Frontenac Company, Boston Ventures, Catalyst Investors and its founding management team.  http://www.broadstreetcom.com

NOKIA ESTIMATES GLOBAL MOBILE PHONE USERS AT 570 MILLION
As of the end of June, Nokia estimates that the number of mobile phone users worldwide rose to 570 million.  The company projects the number of mobile phone users will surpass one billion before the end of 2002.  In its quarterly financial report, Nokia warned that its profitability is likely to decline in the coming the quarter, due to seasonality and product transition issues to more advanced, Internet-ready mobile handsets.  http://www.nokia.com
Nokia, June 27, 2000