Thread - TELM apparently has a new customer - one with money. Lack of a customer base was one reason UBS/PW recently (couple weeks ago) reaffirmed their HOLD on the stock. Product is to be available 3rd qtr 2002. Last week, NEC and TELM announced:
TOKYO and OCEANPORT, N.J., May 21, 2002 (BUSINESS WIRE) -- NEC Corp. (Nasdaq: NIPNY chart, msgs) and Tellium (Nasdaq: TELM chart, msgs), today announced they have jointly developed the industry's first commercially available multi-vendor integrated transport-switch designed to simplify optical wavelength networks by eliminating redundant electronic components.
[snip]
"The Tellium and NEC system is the industry's first available multi-vendor integrated optical transport and switching system," said Dana Cooperson, Director of Optical Networking at RHK, Inc. "Carriers need to save on capital and operating expenses and are challenging vendors for creative solutions. Tellium and NEC are leading the multi-vendor effort to cut costs through network element integration."
General availability for the multi-vendor transport-switch is expected in the third quarter of 2002.
[snip - SI's "News" link has the whole release.]
Regards,
Harry J.
No relation to TELM's Chmn/CEO Harry Carr, but doesn't he have a heck of a good first name? 8-) |
