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CISCO
EXPECTS QUARTERLY REVENUE TO FALL 30% FROM PREVIOUS QUARTER
Cisco
Systems expects revenue for its third fiscal quarter,
ending April 2001, to be down approximately 30% sequentially
from its second fiscal quarter, which was $6.7 billion.
This represents a $2.01 billion shortfall compared to the
previous period. Cisco
still expects to turn a profit for the quarter, but warned that
its pro forma earnings per share are likely to be in the very
low, single-digit range. Cisco will take a charge of
approximately $800 million to $1.2 billion for corporate
restructuring, which will include previously announced layoffs
of approximately 8,500 employees, and consolidation of
excess facilities. Furthermore,
Cisco will write down $2.5 billion
of excess inventory in the quarter.
The company cited two factors for its rapid deceleration:
a slowdown in telecom spending spreading from the US to other
parts of the world, and a slowdown in corporate IT spending.
http://www.cisco.com
Cisco
Systems, April 16, 2001
- On
March 9, Cisco Systems first announced plans to cut 2,500
to 3,000 temporary and contract workers, as well as 3,000
to 5,000 regular employees over the remainder of its
fiscal year.
DIGITAL
FOUNTAIN UNVEILS META-CONTENT ALGORITHMS FOR DISTRIBUTING
WINDOWS MEDIA CONTENT
Digital Fountain, a start-up based in Fremont, California,
introduced its "Meta-Content" technology for
distributing Microsoft Windows Media streaming files, movies,
music and image files with no increase in server load for each
additional user. Digital
Fountain's Meta-Content technology analyzes and then represents
each content file as a series of unique mathematical equations.
The equations are transmitted instead of the original
content bits, enabling the receiving computer to reconstruct a
perfect copy of the original content.
Digital Fountain said the unique advantage of its
technology is that all users can be treated as a single group,
meaning that server capacity is no longer a strict function of
the number of users. The
company claims that in multicast environments, a single Fountain
Server could provide unscheduled access to a virtually unlimited
number of users. In
a unicast network, Streaming Fountain supports up to 4,000 - 700
kbps quality video streams, 10,000 - 300 kbps quality video
streams or up to 60,000 narrow-band streams.
http://www.digitalfountain.com/news/press16.htm
Digital Fountain, April 16, 2001
- Digital Fountain is led by
Cliff Meltzer, who previously served as Senior Vice
President of Cisco Systems' IOS Technologies Division, where
he oversaw development and marketing of IOS.
- The
company was co-founded by Dr. Michael Luby, previously a
computer science professor at both the University of Toronto
and University of California at Berkeley, and Jay Goldin,
formerly a
management consultant with the Pacific Rim Consulting Group
in Hong Kong and China.
SS8
NETWORKS INTEGRATES NETNUMBER’S GLOBAL ENUM SERVICES
SS8 Networks, a start-up developing Internet telephony
signaling and services solutions, will integrate its SS8
Signaling Switch with NetNumber’s ENUM service, which converts
phone numbers into Internet addresses to support IP-enabled
applications including real-time voice, voicemail, fax, remote
printing, unified messaging and other enhanced services.
The NetNumber ENUM Service allows call flow completion
and enhanced service delivery to published, registered
application endpoints worldwide.
Net Number is based in Lowell, Massachusetts.
http://www.netnumber.com
Net
Number, April 16, 2001
- The
IETF Telephone Number Mapping (enum) working group is
developing a DNS-based architecture and protocols for
mapping a telephone number to a set of attributes (e.g.
URLs) that can be used to contact a resource associated with
that number. http://www.ietf.org/html.charters/enum-charter.html
TERACONNECT
UNVEILS MASSIVELY PARALLEL, VCSEL-BASED OPTICAL TRANSCEIVER
MODULE
TeraConnect, a start-up based in Nashua, New Hampshire,
outlined plans for a massively parallel, VCSEL-based optical
transceiver module connecting 640 active optical devices.
The product serves a high-density optical interconnect
that could be used in high-performance equipment installed at
the core of the Internet. TeraConnect’s
module uses differential optical signaling for improved bit
error performance and bank by bank switching capability for
built-in redundant operation in case of fiber or transceiver
channel failure. Its
components include high-density electrical edge connectors, an
electrical interface board, a custom ASIC with 320 laser driver
amplifiers and 320 trans-impedance amplifiers as well as coding
and switching logic, a 16 x 20 array of oxide confined VCSELs,
and a 16 x 20 array of GaAs PIN Diode detectors. http://www.teraconnect.com/
TeraConnect, April 16,
2001
- TeraConnect is a spin-off from
Sanders, a Lockheed Martin Company, and has raised $40
million from Goldman Sachs, Kodiak Venture Partners and
Spectrum Equity Investors.
The company was established in November 2000.
Sanders is a producer of aircraft self-protection
systems and tactical surveillance and intelligence systems
for all branches of the armed forces.
BROADBAND2WIRELESS
LAUNCHES 1.5 MBPS ACCESS SERVICE OVER 2.4GHZ LICENSE-FREE
SPECTRUM
Broadband2Wireless (BB2W), a start-up service provider based
in Boston, launched a 1.5 Mbps wireless Internet access service
targeted at residential and SOHO markets using license-free
spectrum at the 2.4 GHz frequency band.
The network consists of radio transceivers that convert
the RF packets for IP transmission and small,
window mounted antennas at the customer end. The company
expects to offer up to 54 Mbps in the future as it migrates to
5.8 GHz. The
service initially is available in the Boston area, although the
company plans expansion nationwide.
http://www.airora.com/bb2w/
Broadband2Wireless, April 16, 2001
- The
BB2W point-to-mulitpoint network architecture is based on
Frequency Hopping Spread Spectrum (FHSS) in the 2.4 GHz
frequency band and OFDM in the 5.8 GHz.
- Broadband2Wireless (BB2W) was
co-founded in March 2000 by Paul Adams, one of the founders
of RCN, and Ric Fulop, who also founded Chinook
Communications, a company developing next generation
spectrum enhancement technology.
EZCHIP
REPORTS PROGRESS ON OC-192 PACKET PROCESSOR, SETS SIGHTS ON
OC-768
EZchip
Technologies (a subsidiary of LanOptics) expects to complete
design work on its 10-Gigabit/OC-192
network processor by mid-year.
Target applications include core routers, optical metro
platforms and enterprise backbone switches. The company has also
begun development work on a 40-Gigabit/OC-768
network processor using the same architecture and software.
http://www.ezchip.com
EZchip Technologies, April 16, 2001
COGENT
CONNECTS IP+OPTICAL NETWORKS
Cogent
Communications will connect its nationwide IP+Optical
network to LayerOne’s Optical Distribution Exchanges to
provide interconnection with multiple local and long-haul
carriers. Financial
terms of the national service agreement were not disclosed.
http://www.layerone.com
LayerOne,
April 16, 2001
- Cogent Communications launched
its metro Ethernet services in November, promising
non-oversubscribed 100 Mbps Internet access capability at
$1,000 per month. The
company has a 20-year agreement with Metromedia Fiber
Network (MFN) valued at more than $100 million for dark
fiber in New York, Boston, Philadelphia, Washington, D.C.,
Atlanta, Chicago, Dallas, Houston, Seattle, San
Francisco/San Jose, and Los Angeles.
Last year, Cogent awarded a $280 million supply
contract to Cisco Systems.
CYNETA
NETWORKS CLOSES $3 MILLION FOR 2.5/3G
WIRELESS TECHNOLOGY
Cyneta
Networks, a start-up based in Plano, Texas, received $3 million
in initial funding for development of 2.5/3G wireless
technology addressing quality of service, security, spectrum
efficiency, and service deployment issues.
http://www.cynetanetworks.com
Cyneta Networks,
April 16, 2001
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