COREEXPRESS INTRODUCES ITS INTERNET DATA EXCHANGE SYSTEM
CoreExpress a start-up service provider, announced its Internet Data Exchange System for transferring traffic between Internet Service Providers (ISPs) with guaranteed performance.  The goal of the CoreExpress exchange would be to enable ISPs to deliver QoS across other ISPs' networks ("off-net"), rather than the current best-effort traffic exchanges.  The CoreExpress platform uses intelligent routing to avoid congested Internet peering points and delivers data over the same path in both directions so customers can monitor and measure performance across multiple ISPs.  CoreExpress will offer participating ISPs financial incentives to ensure that traffic is delivered with the performance guarantees.  CoreExpress will build a 22,000-mile redundant fiber OC-192 network enabled with MPLS.  http://www.CoreExpress.net
CoreExpress, September 26, 2000

• In June, CoreExpress raised $573 million in venture funding to build its extranet business.  The company is headed by Michael Gaddis, the former CTO of SAVVIS Communications.  Investors include Benchmark Capital, Morgan Stanley Dean Witter, Nortel Networks, Cisco Capital, Amerindo Investment, Bowman Capital, Capital Research and Management Company, Octane Capital, and Technology Crossover Ventures (TCV).  
  
• In July, CoreExpress awarded a $100 million contact to Nortel Networks for its 10 Gbps OPTera Long Haul 1600 Optical Line System and DWDM platform.  Cisco Systems will supply routers for the backbone.

BROADWING ADDS VOICE OVER IP TO ITS VPN PORTFOLIO
Broadwing Communications added a Voice over IP (VoIP) offering to its IP VPN Services.  The VoIP connectivity allows businesses to reduce their long distance voice costs between offices by using their existing WAN connections.  The IP VPN Services offering also provides security, traffic management, and dynamically modifiable packet prioritization capabilities.  http://www.broadwing.com
Broadwing Communications, September 26, 2000

• Broadwing operates a Cisco-powered IP backbone.  Broadwing is also the first and primary customer for the Corvis long-haul optical platform.
  
• In July, Broadwing introduced 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. 
  
• Broadwing was formed through the merger of Cincinnati Bell and IXC Communications, which built a coast-to-coast fiber network.  In January, Broadwing arranged for up to $2.1 billion in credit facilities from a syndicate of 24 banks and other financial lenders led by Citibank and Bank of America to expand its network.

PMC-SIERRA TO ACQUIRE SWITCHON NETWORKS FOR PACKET PROCESSING
PMC-Sierra will acquire SwitchOn Networks, a start-up developing high-speed classification and packet processing technology, for approximately $450 million in stock.  SwitchOn Network’s packet classification technology performs complete inspection of packets up to Layer 7, provides policy and content based networking and generates statistics for traffic monitoring and metering to allow for value-added services and billing.  The company has approximately 60 employees in Milpitas, California and 30 employees in Pune, India.  http://www.pmc-sierra.com/pressRoom/pr/2000092601.html
http://www.switchon-net.com/
PMC-Sierra, September 26, 2000

MARCONI UNVEILS NEW SERVICE EDGE PRODUCTS, SECURITY APPLIANCE
Marconi introduced new service edge products for channeling enterprise WAN traffic through multi-mode or single-mode fiber at up to OC-3.  The Service Edge integrated access devices also added support for IPX traffic and serial interfaces for integrating legacy equipment into high-performance networks.  http://www.marconi.com/news_events/press_releases/current/4841.html

Marconi's new Security Appliance transparently filters traffic at OC-3c and OC-12c rates over ATM links.  The device performs line rate IP-based firewalling on ATM traffic without the performance degradation of translation to Ethernet first.  Key technology for the product was licensed from the National Security Agency’s (NSA’s) Laboratory for Telecommunications Sciences.  http://www.marconi.com/news_events/press_releases/current/4849.html

Marconi also introduced a standalone enterprise switch offering up to eight ports of Gigabit Ethernet connectivity - six fixed ports and two optional, hot-swappable Gigabit Interface Converter (GBIC) modules.  http://www.marconi.com/news_events/press_releases/current/4845.html
Marconi, September 26, 2000

RAPID ADOPTION OF REALVIDEO 8 – VHS-QUALITY VIDEO STREAMING AT 400 KBPS
RealNetworks reported faster than expected adoption of its latest RealVideo streaming platform.  More than 150,000 RealVideo 8-capable versions of RealProducer have been deployed and registered since RealVideo 8 was released in June.  RealVideo 8 scales from narrowband dial-up connections to providing half-screen “VHS-quality” video to DSL and cable modem users at 400 Kbps.  RealNetworks says the software delivers full-motion near-DVD quality at 800 Kbps.  The company reports more than 200,000 new registered users per day for its client RealPlayer application.  http://www.realnetworks.com
RealNetworks, September 26, 2000

FRANCE TELECOM TO BUILD NORTH AMERICAN OPTICAL BACKBONE
France Telecom selected Alcatel to design, build, install and maintain it DWDM network across North America.  Nortel Networks was selected to supply its 10 Gbps SONET transmission platforms.  Level 3 Communications will provide 15,000 route miles of long-haul fiber.  The installation will cover 28 points of presence and 270 intermediary sites across the continent.  Commercial services over the backbone will be offered under the Global One organization.  France Telecom plans to invest about US$ 200 million in the project.
http://www.alcatel.com/vpr/?body=/latestnews/26092000_3uk
France Telecom, September 26, 2000

MOTOROLA INTEGRATES NORTEL NETWORKS’ OPEN IP ENVIRONMENT WITH SILICON PLATFORM
Motorola demonstrated a complete OSPF router implementation based on its Smart Networks Platform's Communications Processor API, C-5 network processor and Nortel Networks’ Open IP Environment.  Both Nortel Networks and Motorola are helping develop the API standards emerging within the Common Programming Interface (CPIX) Forum.  http://www.motorola.com
Motorola, September 26, 2000

NOVALUX RAISES $109 MILLION FOR ITS HIGH POWER LASERS
Novalux, a start-up based in Sunnyvale, California, raised $109 million in third round venture funding.  Novalux will use the funding for manufacturing its first family of pump laser products, with a focus on newly designed, automated methods of packaging, assembly and testing.  Investors include Morgan Stanley Dean Witter Venture Partners, Cisco Systems, Credit Suisse First Boston, Intel Capital, Lamoreaux Partners, MSD Capital, NorthEast Ventures, Salomon Smith Barney, Sternhill Partners, Telesoft Partners, U.S. Bancorp Piper Jaffray, Crown Advisors, Crescendo Ventures, DynaFund, RWI, Tredegar Investments and Vanguard Venture Partners.  http://www.novalux.com
Novalux, September 26, 2000

• Novalux is developing an Extended Cavity Surface Emitting Laser, which it claims will offer far greater capacity than current optical pump technology.  In comparison to diode laser-based pump technology, Novalux claims its Extended Cavity Surface Emitting Lasers produce a much higher power (more than 250mW) in a perfectly circular beam emitted from the surface of the chip.  In the role of a lower power transmitter layer, the device could reduce DWDM network cost by replacing the backup transmitter for each wavelength channel with a single digitally tuned transmitter.  The company said the technology would enable very scalable active laser platforms for long-haul, metro and access optical networks.  
  

• Novalux was founded in 1998 by Dr. Aram Mooradian, who previously founded Micracor, an Acton, Mass. based company set up to commercialize laser technology that he developed while leading the Quantum Electronics Group at Massachusetts' Institute of Technology (MIT) Lincoln Laboratory.  The company is headed by Dr. Malcolm J. Thompson, who previously served as CEO of Palo Alto, California based dpiX and as Chief Technologist at Xerox Palo Alto Research Center (PARC).

JERUSALEM VENTURE PARTNERS ANNOUNCES $500 MILLION FUND
Jerusalem Venture Partners announced plans for Israel’s largest investment fund targeted at early-stage companies in optical networking, wireless and mobile communications and Internet infrastructure.  When completed, the fund will have $500 million to invest.  JVP was an investor in Chromatis Networks, which was acquired by Lucent Technologies in May for $4.75 billion.
http://www.jvpvc.com/
JVP, September 26, 2000

GLOBAL CROSSING BEGINS LIVE TESTING OF LUCENT’S LAMBDAROUTER
Global Crossing began live network testing of Lucent's WaveStar LambdaRouter, an all-optical switch that uses micro-arrays of movable mirrors to route optical signals from fiber to fiber.  The equipment is being used to route 2.5 Gbps wavelengths across Global Crossing’s AC-1 transoceanic cable between Brook Haven, NY, and Whitesands, England.  Global Crossing said optical switching would be a critical component of its global architecture. 
http://www.lucent.com/press/0900/000926.nsa.html
Lucent Technologies, September 26, 2000

COSINE SOARS 174% IN IPO
CoSine Communications completed an initial public offering (IPO) of 10 million shares on Nasdaq under the symbol COSN.  The shares were offered at $23.  Trading closed on Tuesday at 63 1/16, up 174%.  http://www.cosinecom.com/
September 26, 2000

• CoSine offers an IP service delivery switching system that creates a service-processing layer between the access concentration edge of service provider networks and their high-speed cores.  The company was founded by Dean Hamilton, previously General Manager of the Carrier Signalling Infrastructure business unit of Ascend Communications.  CoSine is based in Redwood City, CA.