RAZA FOUNDRIES SIGNS TOP TIER INVESTORS, VALUATION EXCEEDS $1 BILLION
Raza Foundries, a "Metacompany" backing a portfolio of hot networking start-ups, raised $125 million from top-tier corporate investors, including Cisco Systems, Applied Micro Circuits Corporation (AMCC), Broadcom, LSI Logic, PMC-Sierra, Siemens AG, Virata and Xilinx. The new financing brings Raza Foundries' post-money valuation to over $1 billion.  Raza Foundries has invested in 14 partner companies to date.  As part of its services, Raza provides its partner start-ups with hands-on engineering experts as well as other resources in all functional areas of the business.  http://www.razafoundries.com
Raza Foundries, October 23, 2000

• Raza Foundries was founded in October 1999 by Saiyed Atiq Raza, previously President and Chief Operating Officer of Advanced Micro Devices (AMD).
  
• Raza Foundries' partner companies include:  Afara Web Systems (next-generation web content delivery), AuroraNetics (silicon for optical MAN/WANs), CQOS (service performance measurement), HereUAre (global wireless Ethernet networks), Maple Optical Systems (next generation optical), Omnishift Technologies (distributed computing over the Internet), Pacific Broadband Communications (ultra-dense, highly noise immune last mile solutions), Princeton Optical Systems (solutions that eliminate optical-electronic-optical (O-E-O) conversions), PRISMedia Networks (learning-enabled network allows Internet media providers to distribute high payload and streaming media content to the edge of the network), RedWave Networks (a multi-service aggregation platform that will deliver fiber-less solutions at multi-gigabit speeds) and Trebia Networks (system-on-silicon technologies for data centers).

PMC-SIERRA INTRODUCES HIGHEST DENSITY SILICON FOR METRO OPTICAL ACCESS EQUIPMENT
PMC-Sierra introduced a high density channelized access chip for metro optical access, multi-service switches and Multi-Protocol Label Switching (MPLS) edge router equipment.  The device provides framing, mapping and multiplexing of T1, E1, T3, E3 channels into SONET/SDH services.  The chip is designed to connect seamlessly to PMC-Sierra's existing SONET/SDH line interface solutions and supports a Scaleable Bandwidth Interconnect bus to connect to the company's packet processors and AAL1gator AAL1 SAR products. It also supports an H-MVIP bus to interconnect to the MECA-4A Voice-over-ATM processor or to the MECA-4I Voice-over-IP Processor.  http://www.pmc-sierra.com/temux84/index.html
PMC-Sierra, October 23, 2000

NETWORK PHOTONICS RAISES $106 MILLION FOR ITS ALL-OPTICAL DWDM
Network Photonics, a start-up based in Boulder, Colorado, raised $106.5 million in second round funding.  Network Photonics is developing all-optical, DWDM systems that will not require expensive optical- to-electronic-to-optical conversion.  Investors include The Sturm Group, with Spectrum Equity Investors, Mustang Ventures, New Enterprise Associates (NEA) and US Venture Partners (USVP).  http://www.networkphotonics.com
Network Photonics, October 23, 2000

• Network Photonics is led by Steven Georgis, previously a co-founder of Exabyte Corporation, a network storage and storage-area networking company.  The company's technical team is headed by Ted Weverka, formerly a member of the technical staff at Optical Networks.

CORIOLIS OUTLINES PRODUCT PLANS FOR OPTICAL SPATIAL DIVISION MULTIPLEXING
Coriolis Networks, a start-up developing an Optical Spatial Division Multiplexing (OSDM) architecture designed for over-subscription and statistical multiplexing in optical networks, outlined its product plans.  Coriolis' OSDM is designed to aggregate and transport both SONET and “bursty” data traffic in their native modes while recovering as much as 75% of stranded SONET bandwidth by making optimal use of the protection ring path and by partitioning bandwidth into arbitrary amounts.  The company's product set will include central trunking platforms for aggregating and grooming traffic, a flexible set of low-cost access service devices, and the OptiFlow bandwidth manager software that dynamically controls the optical bandwidth utilization across an entire network in real-time.  The equipment would be deployed in the form of a logical star over existing OC-48 rings.  Coriolis will offer a flexible protection scheme where bandwidth on both the "working" and "protection" rings may be used until a failure. In the event of a failure, the high priority customers retain the available bandwidth at the expense of those with a low priority, based on a provisions associated with each transport channel and wavelength.  The platform will be available by the end of the year.   http://www.coriolisnet.com/news/pressrelease.cfm?news_item_id=21
Coriolis Networks, October 23, 2000

• Coriolis Networks is led by Robert L. Castle, formerly Chairman, CEO and President of VideoServer.  Founders include Hakim F. Dhilla (formerly with Fujitsu), Ibrahim (Ibi) F. Dhilla (Digital Equipment/Cabletron, Cascade/Ascend), Surya Kumar Kovvali (Digital/Cabletron), Ramji Raghavan (Digital/Cabletron) and Bruce Thompson (NexLAN and Digital). The company is based in Boxborough, Mass.

LEVEL 3 AND CORNING DEVELOP NEW FIBER TECHNOLOGIES
Level 3 and Corning agreed to cooperatively research, develop and deploy new and more cost effective generations of optical fiber.  The agreement also makes Corning the worldwide supplier of optical fiber and cable to Level 3 for at least the next four years.  Corning will supply more than 10 million kilometers of additional advanced fiber for future installation in the Level 3 inter-city and metropolitan networks.  http://www.corning.com/news/news_update1/index.html
Corning, October 23, 2000

LARA NETWORKS SECURES $40 MILLION FOR ITS NETWORK APPLICATION PROCESSORS
Lara Networks, a developer of Network Application Processors for infrastructure equipment, secured $40 million in new funding.  STMicroelectronics has also taken a minority equity stake in Lara and has licensed its Associative Processing Technology to develop and market Lara's network database search engines, which are used to accelerate packet processing. Additional investors include Raza Ventures, Battery Ventures, Investar Capital, TeleSoft Venture Partners, Robertson Stephens, U.S. Bancorp Piper Jaffray, Dain Rauscher Wessels, Inc., and Needham & Company.  http://www.laranetworks.com
Lara Networks, October 23, 2000

• Lara's current product portfolio consists of a set of Network Database Search Engines, subsystems and co-processors.  The Search Engines, which are built with IBM's 0.18 micron copper process technology, can scour silicon-based routing tables at speeds exceeding 80 million look-ups per second and can house tables holding one million addresses.  The company is based in San Jose, California.
  
• In August, Lara Networks acquired WarpCom Technologies, a start-up specializing in high performance Ethernet switching.  Initial products will support IP over 1Gbps and 10 Gbps Ethernet.

COMANAGE RAISES $36 MILLION FOR ITS CUSTOMER-AWARE TELECOM SERVICE MANAGEMENT
CoManage, a developer of a Customer-Aware Telecom Service Management system, secured $36 million in new venture financing.  The company's Integrated Service Manager simplifies and speeds creation and management of next-generation voice and data services over broadband networks.  Investors include Goldman Sachs, Adams Capital Management, Bessemer Venture Partners, Birchmere Investments, Columbia Capital, Lucent Venture Partners and Patricof & Company Ventures.   http://www.comanage.net
CoManage, October 23, 2000

• CoManage's Integrated Service Manager architecture leverages a real-time database that links information about network elements, services and customers with network discovery, provisioning, fault management and performance monitoring capabilities.  
  

• CoManage was founded by Dave Nelson and Andrew Fraley, both formerly with FORE Systems.  AT&T Canada is already deploying the CoManage system to enhance its Transparent LAN and ATM services.

SAVVIS TO DELIVER DIGITAL CINEMA NETWORK TO US MOVIE THEATERS
SAVVIS Communications was selected by Monarch Studios to deliver its Digital Cinema Network (DCN) to 25 movie theaters across the US beginning in February.  Monarch Studios is a digital film production studio in Orlando, Florida.  http://www.savvis.net
SAVVIS, October 23, 2000

AGILENT INTRODUCES OPTICAL ROUTING AND SWITCHING TEST SYSTEM
Agilent Technologies introduced an Optical Routing Test solution designed to support the evolving OIF/IETF Multi Protocol Lambda Switching protocols and extensions.  The product focuses on testing the "optical control plane" between multiple switches and routers.
http://advanced.comms.agilent.com/opticaltest/index.htm
Agilent Technologies, October 23, 2000

INTERSIL ROLLS OUT NEW SILICON FOR WIRELESS HOME NETWORKING
Intersil introduced new silicon products for low-cost home networking products based on the IEEE  802.11b standard (11 Mbps).  The chip set could be used for new wireless-enabled gateways that tie into DSL, cable modem or set-top box Internet connections.  Sampling will begin later this quarter.  Intersil customers include Alcatel, 3Com, Dell, Nokia, Siemens, Zoom, GemTek and Z-Com, among others.  http://www.intersil.com
Intersil, October 23, 2000

SBC REPORTS 516,000 DSL USERS, DATA REVENUES UP 41%
As of September 30, SBC Communications had 516,000 DSL users, up from 399,000 last quarter.  SBC currently is adding an average of 4,000 net DSL customers a day. The company expects this rate to increase in the fourth quarter as marketing scales up with more neighborhood gateway installations.  Dedicated data transport revenues increased 21.0% to more than $917 million, and switched data transport revenues grew 45.3% to $406 million.  Overall revenues for the quarter were $13.5 billion, up 8% over the same period last year.
http://www.sbc.com/News_Center/Article.html?query_type=article&query=20001023-01
SBC, October 23, 2000

MALIBU NETWORKS NAMES ADATIVE BROADBAND EXEC AS CEO – TARGETING OFDM BROADBAND WIRELESS
Malibu Networks, a start-up developing broadband wireless access systems, named Salvatore S. Benti as its new CEO.  Benti most recently served as executive vice president of broadband wireless leader Adaptive Broadband.  http://www.malibunetworks.com
Malibu Networks, October 23, 2000

• Malibu Networks is developing systems based on Orthogonal Frequency Division Multiplexing (OFDM), including the design of one of the world's first burst-mode OFDM modem chips. This advanced RF technology is highly resilient to multipath effects and interference and does not require line of sight.

HYBRID NETWORKS TO INTEGRATE INTEL'S DEMODULATOR CHIP INTO FIXED BROADBAND WIRELESS EQUIPMENT
Hybrid Networks, a developer of MMDS (Multichannel Multipoint Distribution System) fixed broadband wireless Internet access systems, will integrate Intel's 3804 demodulator chip into its head-end equipment to provide customers with near/non line-of-sight Internet access capabilities.  The new chip will also increase the circuit density and upstream bandwidth capacity of its fixed broadband wireless systems.  Availability of the new Hybrid products is expected by mid-2001.   http://www.hybrid.com
Hybrid Networks, October 23, 2000

• Hybrid Networks supplies MMDS equipment to Sprint for its rollout of fixed broadband wireless services.

SPRINT PCS AND VENDORS COMPLETE CDMA2000 1X FIELD TRIAL
Sprint PCS, Samsung Telecommunications America, QUALCOMM and 3Com completed a voice and data field trial of third-generation (3G) Code Division Multiple Access (cdma2000 1x) technology.  The test network achieved data rates of 144 kbps with 35 full-rate voice calls being conducted simultaneously. The system included three fully integrated ATM-ready base stations, a base station controller, base station management and a mobile switching center.  http://www.qualcomm.com  http://www.samsungtelecom.com
Qualcomm, October 23, 2000

LUCENT REPLACES CEO, LAUNCHES REORGANIZATION
Lucent Technologies named Henry Schacht as the company's chairman and chief executive officer, replacing Richard McGinn.  Schatt formerly held the position from 1995 to 1997.  The company is initiating an executive search for his successor as chairman and CEO.  Separately, Lucent Technologies reported quarterly revenue of $9.4 billion, up 14.6% over the same period last year.  Net earnings were $600 million, or $0.18 per share.  The company said it would launch a corporate restructuring, including an intense review of its current product portfolio to align resources against the highest value opportunities.  The company expects to take a restructuring charge to cover these activities.  http://www.lucent.com/press/1000/001023.coa.html
Lucent, October 23, 2000

• Revenue for Lucent's Microelectronics & Communications Technologies (M&CT) increased 58.9% over the year-ago quarter to $2.1 billion. Lucent plans to spin-off the division into a separate company.