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Technology Stocks : LUMM - Lumenon Innovative Lightwave Technology Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Qbit who wrote (950)	9/28/1999 8:13:00 PM
From: nord	Respond to of 2484

Thanks for the response. I understand the reason for Molex to be represented on LUMMs' board. I don't understand why Molex was the investor rather than Nortel Cisco Lucent etc. It seems that if in fact the new optical chip is capable of what it is proposed to do then larger telco ewuipment and networking equipments would have been all over the technology. I have read the early articles of the founders. My question is why Molex, why does it take so long to ramp production and who else in the industry with much larger pockets is developing similar technologies that would keep them from buying LUMM at an early stage and provide them with the resources needed to make it commercially available. Regards Norden ---------------- Nortel to reduce Net traffic with optical technology by James Niccolai, IDG News Service\San Francisco Bureau September 28, 1999 Nortel Networks Corp. today took the wraps off of a high-speed optical switching and routing technology that it says will help meet the surging need for bandwidth on the Internet and relieve traffic congestion. Nortel said the technology will give businesses and consumers access to delay-sensitive services, which might include videoconferencing technologies, that can't be delivered reliably over today's Internet. Dubbed the OPTera Packet Solution, Nortel said the technology will unify optical and packet networks into a single infrastructure. It supports data speeds of up to 19 terabits per second for all kinds of Internet traffic, including IP (Internet Protocol), ATM (asynchronous transfer mode) and SONET/SDH (Synchronous Optical Network/Synchronous Digital Hierarchy), and will be able to scale to hundreds of terabits per second, Nortel said. Nortel is pitching the technology as a way to help cure the congestion and communications failures that hamper today's Internet. The central components of OPTera are expected to be available for customer trials by the third quarter next year. The Canadian networking and telecommunications equipment vendor wants to be seen as a provider of the data networking equipment behind the fast-growing Internet, an image rival Cisco Systems Inc. has nurtured well. Nortel yesterday said it is launching a global advertising campaign built around the question, "What do you want the Internet to be?" and featuring popular figures like astronaut Buzz Aldrin and musician Curtis Mayfield. The OPTera system has five elements: -- The OPTera Packet Core, which includes the new technologies announced today, is the cornerstone of the system and is expected to be available for customer trials in the third quarter next year. -- The Versalar Switch Router 25000, a carrier class terabit switch router which is currently in customer trials, is expected to be generally available in the fourth quarter of 1999. -- The OPTera Connect DX is an optical cross-connect which will be available for customer trials in the second quarter of 2000. -- The Passport 15000 Multiservice Switch is an ATM-based multiservice switch which is available today. -- Integrated Network Management, end-to-end network management software, is also available today. Nortel said its system allows voice and data traffic flowing over both wireless and wireline networks to be managed in an integrated fashion. It said it will lower ownership costs and make it possible for service providers to offer new services more quickly. The development of the technology was partly made possible by Nortel's acquisition last year of Bay Networks Inc., which gave the telecommunications equipment company much-needed expertise in the area of IP networks. [See "UPDATE 2: Nortel Buys Bay Networks for $9.1 Billion," June 15, 1998.] Early customers for OPTera include Cable & Wireless Communications and IXC Communications, Nortel said. Nortel said its optical transport systems currently carry more than 75 percent of backbone Internet traffic in North America. Demand for its optical networking equipment is growing at 56 percent annually, and the market will grow to $35 billion by 2001, according to Nortel. Nortel is holding a Webcast today at 10 a.m EST. Details can be found at nortelnetworks.com or by phoning 1-800 289-0498. Nortel is at nortelnetworks.com.