Corning Inc. will close three manufacturing plants and cut 1,000 jobs to cut costs in its Photonic Technologies unit. The company also plans a $5.1 billion pre-tax charge in its second quarter, and announced it is discontinuing dividend payments on its common stock. Corning says it will include the costs of the closures and layoffs in its third-quarter results.
Antec released its LightLink Patchfinder, a fiber optic jumper that helps trace and identify critical circuits. The product has a metallic circuit that connects LED indicators on each end of a premium-grade fiber jumper. When the module is connected, both terminations are identified by the LEDs, Antec says.
Alcatel is cutting 2,500 jobs and closing more plants in the United States as part of its cost-management plan, the company says in a terse announcement. The company will cut 800 jobs in its Plano, Texas, headquarters; 700 in Raleigh, N.C.; 100 in Chantilly, Va.; and the rest across the United States, says spokesman Brian Murphy.
Scientific-Atlanta Inc. released its Compact Dual C amplifier, intended to help cable operators in Central Europe upgrade existing networks for ITV. It targets cable operators who want to make network upgrades from 450 MHz to 862 MHz, the company says. The amplifier allows reuse of existing networks since it doesn't require replacing taps and splitters, it says.
Winstar gets final DIP OK; starts employee retention program A bankruptcy court gave final approval to increase availability of Winstar Communications Inc.'s DIP financing to $225 million, the company says. About $175 million is "syndicated" to Winstar's bank group. That and other funding from several of its telecom services providers means Winstar will have the liquidity it needs to finance op...
NTL Inc. and Telewest will co-market broadband services throughout Britain. As two key cable companies in the country, they aim to accelerate broadband Internet acceptance in the U.K. and Ireland, they say. The two say broadband cable is available in 9 million homes, covering 37 percent of the two countries.
An industry consortium that includes Alcatel, Corning Inc. and Optical Solutions have formed the Fiber-to-the-Home Council, it was announced today. The aim is to educate, and promote and accelerate deployment of the technology in North America, the council says. Members come from such industries as telecom, computing, networking, system integration and content-provision.
C-COR.net made its second acquisition in five days when it purchased the assets of ADC's Broadband Communications Division for $32 million in cash. The assets include ADC's Optiworx line of transport products for hybrid fiber/coax and the DV 6000/6400 line of uncompressed digital video products. C-COR.
Corning Inc. says it initiated action against Lannion, France-based HighWave Optical Technologies, alleging patent infringement. The company started the process in a Federal District Court. HighWave issued a statement today that says it learned of the complaint from published press reports and that it can't comment without more details.
Com21 launched Network Management and Provisioning System 4.0 for its ComUnity Access System. The software is designed to provision ATM-based cable modems in half the normal time, Com21 says. It also has tools for such network management functions as fault, configuration and performance management. A spokesman could not be reached by CEDaily's deadline.
Alcatel will supply German carrier NetCologne with DSL equipment for broadband access and VoDSL. NetCologne will install nine of Alcatel's 7670 Routing Switch Platforms, which aggregate the DSL traffic over ATM, as well as customer premise equipment from Alcatel's SpeedTouch DSL modems. Under the deal, NetCologne also will use Alcatel's VoDSL gateway on its 7300 Advanced Services Access Multipl...
AOL Time Warner took a step closer to the open-access requirements of its merger when it petitioned the FTC to approve two more ISPs as nonaffiliated ISPs, the FTC announced yesterday. AOLTW also wants approval of its service agreements with the two companies. In the petition, AOLTW says it's "already prepared to introduce EarthLink Inc.
London-based Marconi Plc. will cut another 4,000 jobs and revised its annual guidance, it reported yesterday after requesting a temporary suspension of its trading. The telecom-equipment company also sold its medical systems unit to Royal Philips Electronics for $1.1 billion, causing Moody's Investors Service to put its A3 ratings on review for a possible downgrade.
Zolo Technologies Inc. released its 100 GHz, single-input, 16- and 20-channel DWDM modules, it says. The Zmux 1:16/100 and 1:20/100 multiplexers/demultiplexers are part of a line of DWDM modules that include 32- and 40-channel, 100 GHz ones. The products are designed for metro access, metro core and regional networking applications, Zolo says.
C-COR.net will acquire Aerotec Communications Inc. for $2.25 million in cash and merge the company with its subsidiary Worldbridge Broadband Services Inc. The merger should be complete by the end of the month. C-COR.net purchased Worldbridge in February 2000, a C-COR.net spokeswoman says. Merging Aerotec will help C-COR.