Bob Woods

Some Web sites slowed to a crawl on Tuesday, in the wake of terrorist attacks in New York City and Washington, D.C. While e-mail emerged as a prime source of communication for both news services and citizens, a newer technology stepped up to the plate to help both consumers and businesses keep in touch. Instant […]

MRV Communications, a Chatsworth, Calif.-based developer of single-mode active and passive fiber optic components, said that its chief financial officer, Edmund Glazer, died in today’s apparent terrorist attack in New York City. In a statement issued late today, MRV officials confirmed that Glazer was on American Airlines Flight #11 that crashed into the World Trade […]

White Plains, N.Y.-based Metromedia Fiber Network Inc. said it would file for bankruptcy if it does not complete certain financing agreements, all of which rely on other commitments in a house-of-cards scenario. In a statement, Metromedia said it has signed a secured note purchase agreement for a $150 million note facility led by Citicorp USA. […]

Entrada Networks said it would restructure its business to create three wholly owned subsidiaries, in an effort to present a “clearer picture” of itself to the investment community. In a statement, San Diego, Calif.-based Entrada said its new subsidiaries would all report to the parent Entrada Networks Inc. entity. The new units are: Torrey Pines […]

StorageNetworks Inc. , which provides data-storage management services, reiterated the company’s revenue guidance in the range of $120 million to $127 million for 2001. At an investor conference earlier this week, company President Peter Bell also confirmed that StorageNetworks will achieve gross margin profitability in the third quarter of 2001. “StorageNetworks is on a clear […]

Motorola Inc. said that its Motorola Labs scientists are the first to successfully combine the best properties of workhorse silicon technology with the speed and optical capabilities of high-performance compound semiconductors that are known as the III-V materials. The discovery solves a problem that has been vexing the semiconductor industry for nearly 30 years, officials […]

Optical-fiber maker Corning Inc. said it would cut its workforce by another 1,000 employees, in “response to the continuing downturn in the telecommunications sector.” Specifically, the company said incoming orders for fiber are suddenly slowing. The cuts, which will be initiated by the end of this year, will be felt at Corning facilities around the […]

Telecommunications equipment manufacturer Lucent Technologies is closing its Chromatis Networks unit, which had a manufacturing and R&D unit in Israel and sales/marketing/administration offices in Herndon, Va., because Lucent is dropping the product line that Chromatis made. Lucent paid about $4.8 billion in stock for Chromatis in late spring of last year. Frank Briamonte of Lucent’s […]

Struggling telecom maker Lucent Technologies says it still plans to make money by the end of 2002. Investment banker Goldman Sachs, however, is nonplused. In Lucent’s mid-quarter conference call on Thursday, company officials said they believe the company’s market will remain roughly flat for fiscal year 2002. Even so, Lucent expects to return to profitability […]

Struggling telecom maker Lucent Technologies still plans to make money by the end of 2002, even as the rest of the telecommunications sector struggles with a sagging economy and diminishing revenues. In its mid-quarter conference call, Lucent officials said they believe the company’s market will remain roughly flat for fiscal year 2002. Even so, Lucent […]

Global communications and information services concern Level 3 Communications said it has acquired the transatlantic network of Viatel Inc., which is in bankruptcy proceedings. Level 3 said a federal judge overseeing Viatel’s Chapter 11 bankruptcy approved Level 3’s purchase on Tuesday, and the transaction was closed on Wednesday. Specifically, Level 3 has purchased from Viatel […]

Corning Inc.’s Corning Cable Systems subsidiary said it has reduced by 450 positions its workforce in its NAFTA region facilities, in an effort to “further align costs with current business conditions as a decline in the telecommunications industry continues.” The cuts came at Corning Cable Systems locations in North Carolina, Texas, Missouri, the Dominican Republic, […]