NOVERA OPTICS TARGETS ADVANCED SIGNAL PROCESSORS
Ultraband Fiber Optics, a developer of photonic subsystems, has changed its name to Novera Optics.  The company is focused on the development of dynamic optical signal processors to address longer reach and higher data rates.  Its first product is a dynamic gain equalizer that employs acousto-optic technology to provide dynamic spectral filtering.  It could be used with optical amplifiers to produce greater network bandwidth and longer fiber optic signal transmissions with less frequent signal regeneration.  Novera Optics is based in San Jose.  http://www.ultra-band.com 
Novera Optics, March 7, 2001

• Novera’s management team includes Founder and CTO Dr. Byoung Yoon Kim, who was previously a professor and researcher at Stanford University and The Korea Advanced Institute of Science & Technology and founder of FiberPro; VP of Engineering Dr. Gary Ball, whose prior experience includes technical positions at JDS Uniphase, 3M, and United Technologies; and Chief Scientist Dr. Wayne Sorin, who joined Novera from Hewlett-Packard/Agilent Laboratories.
• Since its founding in 1999, Novera has raised over $45 million in funding from Enterprise Partners, Redpoint Ventures, Storm Ventures, Venture Law Group, Octane Capital, Meritech Capital, KLM Capital, Amerindo Investment Advisors, and Essex Capital Management.

CABLE & WIRELESS SELECTS NORTEL FOR CONVERGED PACKET NETWORK
Cable & Wireless selected Nortel Networks' Succession portfolio to upgrade its eastern Caribbean network to a single, packet backbone for 'converged' voice, data and Internet traffic.  Under the two year contract, Cable & Wireless would migrate its data and Internet traffic onto the new network in the first year, and voice traffic in the second year. The deployment will also include Nortel Networks' Passport 15000 multiservice switches, including the Passport voice gateway application, and Nortel Networks Preside network and services management.  Financial terms were not disclosed.  http://www.nortelnetworks.com
Nortel Networks, March 7, 2001

ADC.NET DEPLOYS CONVERGENT NETWORKS' PACKET SWITCHING
ADC.net, which operates a DSL data network in Michigan, is using Convergent Networks' softswitch-based solution to migrate to a packet voice architecture.  The deployment allows the carrier to offer voice services without needing a Class 5 switch.  http://www.convergentnet.com/rel030701.html
Convergent Networks, March 7, 2001

• ADC.net is Convergent Networks' 11th customer for its next-generation packet switching solution.

MAYAN SIGNS NTT-ME FOR ITS MULTISERVICE SONET/SDH
NTT-ME, a subsidiary of Nippon Telegraph and Telephone, agreed to resell MAYAN Networks Unifier SMX multi-service SONET/SDH platform. Financial terms of the two year contract were not disclosed.  http://www.mayannetworks.com/
MAYAN Networks, March 7, 2001

• MAYAN's Unifier SMX is a multi-service SONET and SDH transport platform that intelligently aggregates, grooms and switches TDM, Frame, IP and ATM traffic from DS0 through OC-48 across Layers 1-3 of the network, while fully interoperating with legacy TDM and packet-based infrastructure.

PHAETHON LANDS $22 MILLION FOR ITS OPTICAL DISPERSION SOLUTIONS
Phaethon Communications, a start-up based in Fremont, California, secured $22 million in second round funding for its development of optical components addressing the problem of dispersion.  Phaethon is working on tunable, multichannel dispersion compensation modules that fix dispersion in any kind of fiber, especially at OC-192 and OC-768 rates.  Investors include GoldmanSachs, Cisco Systems, Mohr, Davidow Ventures (MDV) and The Photonics Fund.  http://www.phaethoncommunications.com
Phaethon Communications, March 7, 2001

• Phaethon Communications was founded in March, 2000 by Dr. Alan Willner, Associate Director for the USC Center for Photonics Technology and previously a member of the AT&T Bell Laboratories and Bellcore Technical Staffs, and Dr. Bogdan Hoanca, who studied under Willner at USC.

ZOLO ACQUIRES HYPERFINE FOR OPTICAL GRATINGS PRODUCTION
Zolo Technologies, a developer and manufacturer of optical networking sub-systems, has announced an agreement to acquire Hyperfine for an undisclosed amount.  Hyperfine produces optical gratings used in atmospheric research, laser radars, optical computing and telecommunications.  Zolo said that Hyperfine’s ability to both replicate diffraction gratings and rule masters from which to replicate gratings will allow the company to manufacture its Zmux line of DWDM devices in high-volume quantities of high quality.  www.zolotech.com  http://www.hyperfineinc.com/
Zolo Technologies, March 7, 2001

• Last month, Zolo began delivery of the first product in its line of Zmux DWDM products, which are based on proprietary diffraction grating technologies.  The Zmux 1:40 is a single-input 40-channel wavelength multiplexer/demultiplexer for use in long-haul, metro core and metro access optical systems.
• Zolo Technologies, which was established in 1999, is based in Louisville, Colorado.  In September 2000, Zolo raised $18 million from Crescendo Ventures, Morgenthaler, Anschutz Investment Company, and Telecom Partners.  Hyperfine is headquartered in Boulder, Colorado, and was founded in 1969 to produce optics for space flight.

LIGHTLOGIC BEGINS SHIPMENT OF 10 GBPS TRANSPONDERS
LightLogic has begun shipping its DragonFly Transponders, a second-generation family of 10 Gbps optical-electrical sub-systems.  The DragonFly line is compatible with the 300 pin multi-source agreement (MSA) and includes short and long reach OC-192 transponders, modules for optical cross-connects, and products for 10-gigabit Ethernet applications. WDM transponders are also in development and will be available in Q2.  Transponder features include SONET-compliant jitter performance, onboard power supply sequencing, line timing mode, clock monitor outputs and Rx loss of signal alarm.  LightLogic also announced that in Q2 it will release prototype versions of an OC-192 transponder module based on the 200 pin MSA.  http://www.lightlogic.com
LightLogic, March 07, 2001

• Newark, California based LightLogic was founded in 1998.  The company has raised $58 million in equity and debt financing from Cisco Systems, Siemens Mustang Ventures, Infineon Technologies, Lightspeed Venture Partners, Bessemer Venture Partners, Optical Capital Group, Infinity Capital, Ridge Ventures, Dassault Developpement, Viventures and Western Technology Investment.
• In September, Infineon Technologies, JDS Uniphase, Nortel Networks and LightLogic announced a Multiple Source Agreement (MSA) for common mechanical, electrical, and optical specifications for 200-pin small footprint OC-192 (10 Gbps) SDH/SONET transponders, which are used for 10 Gbps links in high-speed networking equipment such as routers, switches, add/drop multiplexers, and digital cross-connects.  The MSA specifies a 200-pin connector and pinout that provides customers with an electrical interface compliant with the Optical Internetworking Forum (OIF) specifications. The optical interface is defined to comply with draft ITU and Telcordia specifications for short and very short reach applications.  The lower cost, small footprint transponders will have a reach of 600 meters to 12 km.

HP AND REALNETWORKS TO COLLABORATE ON DIGITAL ENTERTAINMENT PRODUCTS
Hewlett-Packard and RealNetworks have signed an agreement to jointly develop a line of digital entertainment products that allow consumers to download, personalize and play music, streaming video and other digital content from the living room.  RealNetworks will provide a Linux-based software platform that includes RealPlayer and RealJukebox.  HP plans to incorporate this software in consumer product and service offerings that it will introduce later this year.  http://www.realnetworks.com  http://www.hp.com
RealNetworks, March 6, 2001

• RealNetworks’ RealPlayer has approximately 180 million unique registered users.

WILDBLUE CHOOSES VIASAT'S 2-WAY SATELLITE MODEMS
WildBlue Communications, which is planning to rollout two-way satellite Internet service across North America, selected ViaSat to build the company's satellite modems.  The agreement is initially valued at $16 million and allows WildBlue to leverage standard components from the cable modem and satellite TV industries to lower the cost of satellite modems.  WildBlue plans to be the first to launch the next generation Ka-band spot beam satellites for commercial service.  http://www.wildblue.com
WildBlue Communications, March 7, 2001

• WildBlue, which was originally known as iSKY, plans to offer downloads speeds of 3.0 Mbps and up to 400 Kbps upstream.  A first satellite (built by Space Systems/Loral) serving the US and Canada is expected to launch in early 2002.  A second satellite (TeleSat's ANIK F2 satellite, built by Hughes) serving both North America and Latin America will launch shortly thereafter.  IBM and TRW are jointly defining systems requirements for WildBlue’s network operations center (NOC).  Andrew Corporation is building six gateway earth stations, which will transmit and receive data to/from the satellites and convert them into the IP data packets.  Users would require a satellite mini-dish and a satellite cable modem to access the service.
• The Ka-band is a frequency that operates at 20 to 30 GHz.  WildBlue's Ka band satellite spot beam design allows a large degree of frequency reuse (i.e. multiple spot beams can re-use the same frequency to transmit different data to the geographically separated gateway earth stations).
• The WildBlue service will be marketed in partnership with Echostar's satellite TV service.  Echostar holds a 12% equity stake in WildBlue.  Additional investors include Liberty Media Group, TV Guide, Kleiner Perkins Caufield & Byers, TRW and TeleSat.

COPPER MOUNTAIN ANNOUNCES LAYOFFS, MANAGEMENT CHANGES
Copper Mountain Networks will immediately cut 25% of its 450 employees.  The layoffs will primarily affect the sales, customer support, operations, and general and administrative support groups.  The company will take a first quarter charge of $5-7 million for layoff related expenses.  Copper Mountain also announced that Joseph Markee, Chairman and General Manager of the Public Network Business Unit, and John Creelman, CFO, have resigned.  President and CEO Rick Gilbert will assume the role of Chairman of the Board.  http://www.coppermountain.com
Copper Mountain, March 7, 2001

• On February 1, Copper Mountain reported that it expects Q1 revenues of $8-10 million, an 80% decline from the $47 million of sales for Q4 2000, citing the erosion of its customer base and an industry wide reduction in capital expenditures.  The company’s customer base is comprised almost entirely of CLECs, which have been canceling and sharply reducing orders since the end of Q4.

TELLABS TRIMS FINANCIAL EXPECTATIONS
Tellabs has lowered its revenue and earnings expectations for Q1.  The company now projects first quarter sales of $830-865 million, compared to prior guidance of $865-890 million.  Tellabs cited below-trend growth in its CABLESPAN product line, and a delay in shipments of its new TITAN 6500 system from Q1 to Q2.  The company says that its core optical networking business remains strong.  http://www.tellabs.com
Tellabs, March 7, 2001

• Tellabs’ CABLESPAN product line allows service providers to offer voice over IP, cable telephony and IP data over the same hybrid fiber coax network.
• The TITAN 6500 multiservice transport switch is designed around a single, data-based switching fabric that routes SONET, ATM and IP/MPLS traffic.

BROADCOM SEES SIGNIFICANT SLOWDOWN IN CUSTOMER ORDERS, REVISES REVENUE FORECAST
Broadcom reported that it is “experiencing a significant slowdown in customer orders” and has reduced its first quarter revenue forecast to $315-325 million.  The company’s Q4 2000 revenues were $376 million.  During February, the company experienced an increase in order delays, and one of its largest customers recently terminated a major contract.  http://www.broadcom.com
Broadcom, March 6, 2001