Customers and Investors
From Hoovers: Customers include COLT Telecom and Williams Communications. Mohr, Davidow Ventures owns about 14% of Optical Networks, which plans to change its name to ONI Systems.
Williams Communications, Inc. is a stockholder of ONI Systems. Mathew W. Bross, one of our directors, serves as Senior Vice President and Chief Technology Officer of Williams Communications, Inc.
In October 1999, Nortel Networks filed suit against us seeking, among other things, an injunction against us and several of our employees that were formerly employed by Nortel Networks, to prevent us from hiring additional Nortel Networks employees. In addition, the former employer of one of our employees is seeking an injunction
and has obtained a temporary restraining order against him, which prevents him from working for us. We have agreed to defend him against this claim. We could incur substantial costs, including management time and attention, in defending
ourselves and our employees against these types of claims, regardless of their merits.
Looks like CSCO is an investor also from the S1.
This Series D Preferred Stock Purchase Agreement (the "Agreement") is made effective as of April 1, 1998, between Optical Networks, Incorporated, a
California corporation (the "Company"), with its principal office at 3450 Hillview Avenue, Palo Alto, California 94304 and Cisco Systems, Inc., a California corporation, with its principal offices at 170 West Tasman Drive, San Jose, California 95134 ("Cisco").
Fidelity also is invested; Maximum Number of Shares: 111,500, Initial Exercise Price: $1.82 per share. This Warrant certifies that, for value received pursuant to the Purchase and License Agreement (the "Purchase Agreement") entered into between Optical Networks, Incorporated, a California corporation (the "Company") and FMR Corp.
("Fidelity" or "Holder"), dated as of December 21, 1999, Holder is entitled to purchase from the Company, until 5:00 p.m. Pacific standard time, on the Expiration Date set forth above, up to the number of fully paid and
nonassessable shares of Common Stock (the "Shares") of the Company described in Section 1 below at the Initial Exercise Price per Share (the "Warrant Price")
set forth above and as adjusted pursuant to Section 2 of this Warrant, subject to the provisions and upon the terms and conditions set forth in this Warrant.
Revenues up, losses up. Reminds me of an early FNSR or SCMR. CSCO backing is interesting as they are aggressive in the optical area lately.
Jack |
