COGENT TO ACQUIRE ALLIED RISER CORP. FOR ITS IN-BUILDING
NETWORKS
Cogent
Communications agreed to acquire Allied Riser Communications
for its in-building networks in large, multi-tenant
commercial building across the US. Holders of ARC common
stock will receive shares of Cogent common stock in the
merger. ARC's convertible subordinated notes will become
convertible into Cogent common stock following completion of
the merger. The deal is contingent on the approval of the
stockholders of both companies, the registration with the
SEC of the Cogent shares to be issued in the merger, the
approval for trading of the Cogent shares on the Nasdaq or a
national securities exchange, and other conditions.
http://www.cogentco.com/News/news_082901.htm
Cogent, August 29, 2001
- In
July, Allied Riser announced a number of drastic cost
cutting measures, including suspending retail sales of its
broadband data applications and services, transitioning
its current retail customer base to other service
providers, reducing its workforce by approximately 290
employees or approximately 75%, and the closure of sales
offices. At the time, the company said it planned to
continue providing broadband services to its customers for
a period of 60 days, to help them transition to other
service providers. ARC hoped to continue providing
wholesale services over its fiber in some 900 commercial
office buildings. In July, ARC also received an initial
de-listing notification from the Nasdaq.
-
Cogent Communications launched its metro Ethernet services
in November, promising non-oversubscribed 100 Mbps
Internet access capability at $1,000 per month.
BROADCOM INTRODUCES ITS SECOND-GENERATION SECURITY PROCESSOR
FOR SSL, TLS
Broadcom
introduced a second generation security processor designed
to handle up to 4,000 Secure Socket Layer (SSL) and
Transport Layer Security (TLS) transactions per second. The
single-chip processor could be used in Web switches, content
switches and load balancers to perform
computationally-intensive encryption processing of secure
transactions. The device performs all security-specific
processing required for SSL and TLS transactions.
Broadcom’s chip also provides scalability to many thousands
of RSA transactions with the ability to add multiple chips
on a blade, and the ability to use multiple blades in a
system.
http://www.broadcom.com
Broadcom, August 29, 2001
SPHERA OPTICAL NETWORKS PROMOTES LONG-HAUL BANDWIDTH TRADING
Sphera
Optical Networks, which is building metro area networks in
ten US and European cities, announced a new initiative aimed
at facilitating the growing trend of long haul bandwidth
trading. The plan is to leverage Sphera's metro
infrastructure to provide key customers and industry players
with a delivery mechanism for traded long-haul bandwidth.
http://www.spheranetworks.com
Sphera Optical Networks, August 29, 2001
-
Earlier this year, Sphera Optical Networks and Broadwing
announced an alliance under which Sphera will provide
connectivity directly into Broadwing's Points Of Presence
(POPs) and will carry traffic between customer locations
throughout the nation's top metropolitan areas. The
companies will have connected networks in eleven cities by
the end of the year, nine of which are the top MSAs for
generating IP and data traffic in the US. Also as part of
the deal, Sphera will use Broadwing as its primary telecom
provider for data services, IP services and network
services. Broadwing has also announced similar alliances
with other carriers.
-
Sphera Optical Networks is headed by Harold Grossnickle,
who previously served as President of Global Crossing’s
worldwide operations and maintenance organization.
ASIA
GLOBAL CROSSING BOOSTS ITS TRANSPACIFIC IP LINKS TO 3.7 GBPS
Citing
rising traffic loads between Asia and the US, Asia Global
Crossing significantly increased the capacity allocation of
its trans-Pacific IP backbone for IP transit service from
2.5 Gbps to 3.7 Gbps. Asia Global Crossing named Usen and
Yahoo!BB as customers now using more bandwidth than
originally anticipated. The more robust backbone also
allows for the increase in traffic out-bound from Asia as
broadband penetration in Japan and the Asian region as a
whole continues to advance.
http://www.asiaglobalcrossing.com/media/press_releases/pr_082901.htm
Asia Global Crossing, August 29, 2001
INDUSTRY
GROUP TARGETS THIRD-GENERATION I/O SPECIFICATION FOR
INTERNAL SYSTEM BANDWIDTH
The
Arapahoe Work Group, which includes Compaq, Dell, IBM,
Intel, Microsoft and 18 other vendors, announced plans to
develop a third-generation I/O specification that will
connect computing subsystems and I/O peripheral components
at high-bandwidth speeds. The group hopes to deliver a
draft 1.0 specification to the PCI-SIG, a non-profit special
interest group, in Q1 of 2002, with final specification
approval anticipated around mid-2002. Intel said the 3GIO
serial I/O architecture is expected to scale to the
theoretical limits of copper.
http://www.intel.com/pressroom/archive/releases/20010829corp_a.htm
Intel, August 29, 2001
- 3GIO
is a serial I/O interconnect that decreases interface pin
count while leveraging the existing PCI programming
model. Promoters believe much greater internal system
bandwidth is needed as PC systems evolve to use CPUs
operating at rates scaling to exceed 10 GHz, faster memory
speeds, faster graphic chips, 1 Gbps – 10 Gbps LAN
interfaces, 1394b interfaces and other advancements.
http://www.pcisig.com/home
-
Earlier this year, AMD announced a HyperTransport
technology designed to enable the chips inside of PCs,
networking and communications devices to communicate at a
peak data transfer rate of 6.4GB per second.
http://www.amd.com/products/cpg/httech/index.html
INTEL
LAUNCHES 802.11B WIRELESS PRODUCTS
Intel
introduced a set of WiFi / IEEE 802.11b-compliant wireless
LAN products targeted at home, home office and small office
environments. The products include a USB model adapter
($149), a PC card ($129) and a wireless gateway (pricing not
yet set) with Ethernet connectivity, software for sharing
Internet access, a firewall and 128-bit WEP encryption.
http://www.intel.com/pressroom/archive/releases/20010829net.htm
Intel, August 29, 2001
CORNING SEES REDUCED DEMAND FOR OPTICAL FIBER, ANNOUNCES
FURTHER LAYOFFS
Corning
reported a sudden slowing in orders across all its optical
fiber product lines, and now expects overall market growth
for fiber in 2001 to be significantly less than the previous
15% outlook. Unit shipments are expected to be less in the
second half of the year than during the same period in
2000. In response, Corning will layoff another 1,000
employees by the end of 2001 at its manufacturing
facilities. The new round of layoffs will bring Corning's
2001 reductions to approximately 8,000 positions or about
20% of its total global workforce of 41,000 at the beginning
of the year.
http://www.corning.com/inside_corning/news__media/press_releases/2001/010829_opticalfiber.asp
Corning, August 29, 2001
REDBACK
NAMES FORMER CISCO EXEC AS CEO
Redback
Networks named Kevin DeNuccio as its new president and CEO.
DeNuccio previously served as senior vice president of
worldwide service provider operations.
http://www.redback.com/en-US/frameset.jsp?flash=true&javascript=true&page=home/home.html
Redback Networks, August 29, 2001 |
