Ciena Corporation (NASDAQ: CIEN), the network specialist, today announced that it has been selected as the successful bidder in the auction of substantially all of the optical networking and carrier Ethernet assets of Nortel’s Metro Ethernet Networks (MEN) business. Ciena has agreed to pay US $530 million in cash and issue US $239 million in aggregate principal amount of 6% Senior Convertible notes due 2017 for a total consideration of US $769 million for the assets.
Veracity Networks today announced the finalized merger of Broadweave Networks and Veracity Communications, creating the premier, local provider of telecommunications services. This merger allows Veracity Networks to offer an expanded array of offerings to its more than 20,000 Utah customers. These customers will benefit from superior customer service and advanced technology platforms--including a powerful fiber-optic network--to deliver optimal Internet, phone and video capabilities.
Astro-Med, Inc. (NASDAQ: ALOT) announced today that it has introduced the ToughWriter 5, the smallest, lightest ARINC744A-1 printer available in the industry. The ToughWriter 5 was displayed at the National Business Aviation Association's 62nd Annual Meeting & Convention (NBAA2009) in Orlando, FL, October 20-22, 2009, and was extremely well received.
BTI Systems, a global supplier of Intelligent Service Edge solutions for the delivery of high bandwidth, multi-protocol services, today announced that Clarks Telecommunications Company (Clarks), based in Nebraska, has deployed a BTI 7000 Series solution to support Fiber to the Home (FTTH) triple play network backhaul.
Picometrix, LLC, an Advanced Photonix company (NYSE Amex: API), announced that it has been awarded patent 7,078,741 for enhanced responsivity photodiodes and 7,468,503 for planar photodiodes by the United States Patent and Trademark Office.
New System Achieves the Industry’s Next Generation Fastest Data Rates up to 120 Gbps of Pluggable Data in One Assembly
Optical Cable Corporation (Nasdaq GM: OCCF) ("OCC") today announced that the Company's Board of Directors has approved a plan to purchase and retire up to 325,848 shares of OCC's common stock, or 5% of the current shares outstanding. OCC anticipates that the purchases will be made during the next 12 to 24 months.
Demand for LAN/WAN test equipment in the recent years is highly supported by the latest developments in communication technologies, including voice over Internet protocol, ten gigabit Ethernet, virtual private network, and passive optical network. Further, the demand is influenced by the initiation of 40 Gigabit Ethernet deployments, wireless networks, and triple play services, including video, voice, and data. Development of FTTH, and enhancing bandwidth needs are further expected to support the growth of network test equipment market in the coming years.
Avago Technologies (Nasdaq:AVGO), a leading supplier of analog interface components for communications, industrial and consumer applications, will showcase its leading QSFP+ active optical cable (AOC) and transceiver solutions for short range Infiniband and Ethernet applications this week at Supercomputing 09. Avago’s AFBR-79Q4xACyyZ is a high performance integrated cable for short-range multi-lane data communication and interconnect applications. It integrates four data lanes in each direction with 40Gbps aggregate bandwidth into a single module. Each lane can operate at 10 Gbps with lengths ranging from 1 to 100 meters.
IPC Systems, the leading provider of indispensable trading communications solutions to the world's leading financial services firms, today announced the completion of the first phase of its North American network expansion. IPC's east ring deployment directly connects six IPC point-of-presence (POP) facilities in key electronic trading locations across New York, Chicago and Houston via a high-speed fully, restorable optical network. The upgraded network infrastructure leverages the latest wave technology to enable the secure delivery of private line voice and electronic connectivity services over a high-speed, high-bandwidth service platform to support the growing demand for low-latency trading connectivity and supporting services.
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