APPLIED INNOVATION ESTABLISHES LUXPATH, TARGETS OPTICAL ETHERNET
Applied Innovation established a new LuxPath Networks unit to focus on optical Ethernet transmission products.  LuxPath Networks said it would use Ethernet LAN extension technology to provide flatter transport architectures in Gigabit Ethernet back-haul applications than previously available.  Its initial product can multiplex eight 1-Gigabit Ethernet signals into a 10-Gbps signal for transmission over a single optical wavelength.  A demonstration is planned at this month's NFOEC.  http://www.luxpath.com/   http://www.aiinet.com/Company/PressReleases/2000/081600_luxpath.htm
Applied Innovation, August 16, 2000

TELLIUM INTEGRATES SYMMETRICOM'S CLOCKS INTO ITS OPTICAL SWITCH
Tellium will integrate Symmetricom's high-precision synchronization clocks into its Aurora Optical Switch.  The clocks enable signals frames to be properly aligned, removing any potential signal transmission errors within an optical network.  http://www.tellium.com  http://www.symmetricom.com
Symmetricom, August 16, 2000

• Tellium recently disclosed plans for its third-generation Aurora switch, which will integrate its current opto-electronic-fabric-based optical-layer crossconnect with all-optical switching capabilities of a MEMS-based platform.  The MEMs mirror arrays would allow for bit-rate and protocol independence.  Opto-electronics would be used for network-manageability, including performance monitoring, connection-verification, fault-isolation, automatic topology-discovery, multicast capabilities, sub-rate grooming and in-band signaling.  Tellium said the platform would be OC-768-ready when it is introduced in 2001.  In January, Tellium named Harry J. Carr as its new Chairman and CEO.  Carr most recently served as President of Lucent's Broadband Carrier Networks unit and was previously President and COO of Yurie Systems. 

HITACHI TO RESELL SIEMENS' OPTICAL REGENERATORS
Hitachi Telecom (USA) agreed to resell Siemens' TransXpress Infinity Stand-alone Regenerator (ISR), a key component that is used to regenerate optical STM64/OC192 signals in long-haul fiber networks.  Siemens said its regenerator can perform the 3R functions (Reshape, Retime, Regenerate) on up to eight wavelengths with STM64/OC192 signal rates using only a single subrack of equipment.  Regeneration for each STM64/OC192 signal is performed on a single card, thereby saving equipment, space and power.  It also provides an optical-electronic-optical (O/E/O) conversion function, enabling it to be used as a transponder on the terminal side.  The Siemens regenerator has already passed interoperability testing with Hitachi's OC-192 SONET four-fiber BLSR system.  http://www.icn.siemens.com
Siemens, August 16, 2000

KESTREL SOLUTIONS NAMES NEW CEO
Kestrel Solutions, a start-up developing a unique Optical Frequency Division Multiplexing transport platform, named Brian Jervis as its new CEO.  Jervis has been Kestrel's Chief Operating Officer since May and was previously Executive Vice President of the Switching Products Group for Newbridge Networks. He takes over from company founder Mike Rowan, who will focus on technology strategy issues.  http://www.kestrelsolutions.com
Kestrel Solutions, August 17, 2000

• Kestrel's TalonMX platform combines frequency division multiplexing, digital signal processors (DSPs) and optical modulation to serve as a bandwidth enhancer for metropolitan networks.  The single-fiber, single-wavelength optical transport system delivers up to 10 Gbps with less than 20 GHz bandwidth space.  Deployment options include point-to-point, linear add/drop, and ring architectures.   Key advantages of the platform over conventional DWDM include the ability to operate over any quality of fiber, including older fiber common in many RBOC infrastructures.  Kestrel is based in Mountain View, California.

FINISAR TO ACQUIRE SENSORS UNLIMITED FOR ITS WDM MONITORING
Finisar, a provider of gigabit fiber extension products, agreed to acquire Sensors Unlimited, a supplier of optical components that monitor the performance of DWDM systems, for approximately $700 million in stock.  Sensors Unlimited is working on photodiode array technology based on indium gallium arsenide (InGaAs).  The company is based in Princeton, New Jersey.  http://www.finisar.com/
Finisar, August 16, 2000

• Separately, Finisar announced preliminary financial results for the quarter ended July 31.  The company expects revenues to exceed $27 million, up approximately 95% over last year, and pro forma net income to range from $4.8 million to $5.0 million, or $.03 per diluted share.
  
• Consensus estimates for FNSR were $0.02 p/s.
  
• Finisar offers a range of transceivers capable of extending high-speed data links, including Gigabit Ethernet and Fibre Channel, over distances of up to 80 km using single mode fibers.  The company also offers its extended transceiver capabilities in a DWDM-based aggregation system. Earlier this month, Finisar introduced its first SONET OC-48 transceivers.  The company is based in Sunnyvale, California.

RMI.NET LEASES NATIONWIDE FIBER FROM GLOBAL CROSSING, SIGNS AKAMAI AS PARTNER
RMI.NET, a communications company based in Denver, signed a five-year, $46 million bandwidth lease with Global Crossing, providing it with a nationwide backbone with ATM backbone, Frame Relay and IP capabilities.  RMI.NET also signed a partnership deal with Akamai for delivery of dynamic content and applications.  RMI.NET is positioning itself as an "e-commerce business solutions provider.  http://www.rmi.net
RMI.NET, August 16, 2000

WORLDPORT SELECTS JUNIPER ROUTERS FOR NEW EUROPEAN HOSTING CENTER
WorldPort Communications selected Juniper Networks' M20 and M40 Internet backbone routers for its new Web hosting SuperCentre in Dublin, Ireland.  WorldPort will tie the facilities directly into Global Crossing’s transatlantic and European fiber network.  Financial terms were not disclosed.    http://www.wrdp.com/
Juniper Networks, August 16, 2000

• In April, WorldPort changed its business strategy to focus entirely on Web hosting, colocation and disaster recovery services.  Previously the company targeted advanced voice, data, and Internet services for carriers and corporations.

CORNING ANNOUNCES THREE-FOR-ONE STOCK SPLIT
Corning announced a three-for-one stock split of its common shares for shareholders of record on September 5, 2000.  http://www.corning.com
Corning, August 16, 2000

CIENA DECLARES TWO-FOR-ONE STOCK SPLIT
Ciena declared a two-for-one stock split for shareholders of record on August 28, 2000.  http://www.ciena.com
Ciena, August 15, 2000