Zhone Technologies, a privately held company since its founding a few years ago, is about to become publicly traded thanks to a merger with Tellium, as announced in July 2003.
Top management of Zhone, Mory Ejabat and Jeannette Symons, CEO and CTO respectively, held the same positions at Ascend Communications (ASND) until it was gobbled up by Lucent (LU) in a $26 billion merger before the dot.com bubble burst.
Per the announcing press release "...Tellium delivers high-speed, high-capacity, intelligent optical solutions that empower service providers around the world to create, run, control, simplify and optimize their networks," whereas Zhone is described as "Zhone's strategy combines existing solutions with Zhone's internally developed intellectual property to create a portfolio of scalable next-generation network products supporting a rich array of voice, data, video, and entertainment services. The company was founded by the senior management team that grew telecommunications pioneer Ascend Communications, Inc., from its startup roots to the multi-billion-dollar company acquired by Lucent Technologies (NYSE: LU) in June 1999."
Pertinent announcements can be found at:
zhone.com
zhone.com
zhone.com
(Q2/03 earnings for Zhone)
tellium.com - has a link to a PDF file for Q2/03 results for Tellium |
