CISCO AND CIENA TEST 10 GBPS VERY SHORT REACH OPTICS
Cisco Systems and CIENA completed interoperability tests of 10 Gbps (OC-192/STM-64) Very Short Reach (VSR) optics between Cisco 12000 Series Internet Routers and CIENA's MultiWave CoreDirector DWDM switching system.  The VSR design uses a 12-element array of 850-nanometer lasers, each operating at 1.25 Gbps. The companies said the VSR links could be used to scale Internet POPs at 40% below current OC-192 costs.  They also expect VSR parallel optic interconnect technology to scale for more affordable intra-office interconnections at 40 Gbps and 80 Gbps.  http://www.ciena.com/news/archive/2000/12/12.08.2000.html
CIENA, December 8, 2000

POINT REYES NETWORKS TARGETS ALL-IP OPTICAL EDGE
Point Reyes Networks, a start-up in San Jose California with a development lab in Richardson, Texas, announced its entrance into the market for optical edge networking equipment.  The company is developing a product set that would enable wholesale optical carriers to deliver TDM, ATM, VoIP and Internet services to other carriers.  Product specifics have not yet been disclosed.  Investors include Sevin Rosen Funds, Oak Investment Partners and PacRim Venture Partners.  http://www.pointreyesnet.com
Point Reyes Networks, December 11, 2000

• Point Reyes Networks was founded in April 1999 by Dr. Ravi Sethi, the former Founder/CEO of Berkeley Networks (acquired by FORE Systems); Stoney Wong (formerly with IXMICRO, CISCO/Stratacom); and Mihir Mohanty (formerly with Sentient Networks).

GATESPACE INTRODUCES SOFTWARE PLATFORM FOR OSGI SERVICES
Gatespace, a spin-off from Ericsson, introduced a distributed software platform for creating, delivering and managing network services based on the Open Services Gateway Initiative (OSGi).   OSGi aims to specify an open standard for connecting smart consumer devices with Internet services.  Applications for Service Gateways could include IP telephony, secured entertainment on-demand, secured e-commerce and banking, automated energy management, remote meter reading, home appliance diagnostics and security monitoring.  Gatespace’s distributed service platform acts as a thin server managing the interface between the home network and the service provider.  The software consists of a set of OSGi components for management and remote control of service gateways.  Gatespace was instrumental in developing the technical specifications for OSGi. The company is based in Göteborg, Sweden and has a branch office in Menlo Park, California.   http://www.gatespace.com
Gatespace, December 11, 2000

• The Open Services Gateway Initiative (OSGi) aims to enable the connectivity and management of smart devices using Java standards, such as JINI, and by integrating with other non-Java standards such as HAVi.  More information is available from The Open Services Gateway Initiative (OSGi).  http://www.osgi.org/

TELIGENT RAISES $250 MILLION IN NEW FINANCING FOR FIXED WIRELESS NETWORKS
Teligent secured $250 million in new financing commitments for construction of its fixed wireless and fiber optic voice and data networks.  Teligent is currently operating as a CLEC in 43 markets.  The new financing was arranged through a fund managed by Rose Glen Capital Management. 
http://teligent.policy.net/proactive/newsroom/release.vtml?id=19601
Teligent, December 8, 2000

• Teligent's SmartWave network combines high-frequency microwave technology with traditional broadband wireline equipment.  Teligent delivers its fixed wireless services using small antennas on the roofs of customer buildings connected to base stations up to 3 miles away. It recently started deploying radios capable of 155 Mbps.  The base stations aggregate traffic onto ATM switches and IP routers, which hand off the voice traffic to Nortel DMS switches.
  
• Previous investors in Teligent include Liberty Media, Telcom Ventures (a wireless engineering company), NTT Corp. of Japan (which invested $100 million), and a group led by Microsoft and private equity firm Hicks Muse ($500 million).
  
• Nortel Networks is Teligent's primary network integrator and supplier.
  
• In November, Teligent announced a reduction and a realigning of its sales, operations and real estate organizations to focus on adding “on-net” buildings, “on-net” customers and “on-net” revenue.  The company will begin a wholesale sales effort in each of the 43 markets, and in nine markets it will focus new sales solely on wholesale customers.
  
• As of the end of Q3, Teligent had 4,000 buildings directly connected to its SmartWave communications networks and another 7,600 buildings under lease or option.  For Q3, Teligent reported a net loss of $228 million, compared to $164 million for the second quarter. Capital expenditures for Q3 were $43 million, compared to $85 million for the second quarter.
  
• Teligent holds partnerships and/or spectrum licenses in five nations outside North America – France, Germany, Spain, Argentina and Hong Kong.

SONY AND BROADWING ANNOUNCE MARKETING AGREEMENT FOR VIDEOCONFERENCING
Sony Electronics and Broadwing Communications agreed to jointly market Sony videoconferencing endpoints with Broadwing's IP services.  The deal will match Sony's Contact videoconferencing set-top box with customized T1 connections onto Broadwing's nationwide IP backbone.  http://www.broadwing.com
Broadwing, December 8, 2000

NORTHPOINT FILES SUIT AGAINST VERIZON FOLLOWING MERGER TERMINATION
NorthPoint filed a lawsuit following Verizon's decision to terminate the agreement to merge the two companies' DSL businesses.  NorthPoint is seeking to ensure that Verizon either closes the deal or pays damages of up to $1 billion or more.
http://www.northpointdsl.com/about_press.asp?PressReleaseID=1175
NorthPoint, December 8, 2000