<The beauty of the ASND deal is that all of the ASND upper management is gone.>
In case anybody wants to know what's our old friend Mory up to these days, here it is...
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Ex-Ascend Honchos Launch Zhone
While Lucent Technologies may have acquired Ascend
Communications' extensive product line and impressive
customer base with its $24 billion purchase of the
company earlier this year, the telecommunications giant
could not secure the services of the key executives
responsible for much of Ascend's success.
Those executives - Ascend chief executive Mory Ejabat,
chief technology officer Jeanette Symons and chief
financial officer Robert Dahl - have teamed up again at
Zhone Technologies, a recently formed start-up based in
Oakland, Calif. According to information found on the
company's Web site, Zhone will focus on delivering
products and software for the construction of
next-generation networks built to deliver voice, data and
video traffic.
The trio of executives will assume the same roles at the
start-up as they held at Ascend, according to Zhone's
Web site.
Other than hanging out its shingle in cyberspace earlier
this month, little is known about the new company. The
Wall Street Journal reported this week that the company
plans to raise more than $500 million in early-round
funding, an incredible figure even by today's standards.
With that kind of seeding, Zhone could conceivably
assemble its initial product line through acquisition, a
strategy that also defies the typical start-up profile.
Officials at Zhone could not be reached to discuss the
company's plans. |
