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To: Ibexx who wrote (10978)	5/16/2001 1:57:34 PM
From: Kenneth E. Phillipps	Respond to of 12623

What's ConnectHDX's time to market? I wish I knew the answer to that question. Last I heard, trials were in progress with Genuity and they expected availability before the end of the year. This is the product Nortel needs right now because all of their customers will want to upgrade.

To: Ibexx who wrote (10978)	5/16/2001 4:26:46 PM
From: Ron Dior	Respond to of 12623

UPDATE 1-Janus cut tech, Cisco holdings in first quarter (Recasts, adds Janus comment in paragraph 5, analyst comment in paragraphs 7-8.) By Martha Slud NEW YORK, May 16 (Reuters) - The tech-heavy Janus mutual funds firm, pummeled by the market downturn, sharply cut its holdings in big technology names such as Cisco Systems Inc. (NASDAQ:CSCO) and Nokia Corp. (NYSE:NOK) in the first quarter, according to a regulatory filing. At the same time, the Denver-based fund company added stakes in more defensive sectors, such as financial services and pharmaceuticals, during the January-to-March period, according to the filing with the U.S. Securities and Exchange Commission on Tuesday. The Janus funds, which soared in the late 1990s as its big bets on tech paid off, have been pounded over the past year as the technology bubble burst. The flagship, $35.2 billion Janus Fund, a large-cap growth fund, has lost 22.4 percent over the past 12 months, according to fund tracker Morningstar Inc. The overall value of Janus's stock holdings fell to $127.8 billion at the end of the first quarter, down from $172.4 billion at the end of 2000, according to the data. The filing does not reveal which of Janus' funds altered their positions. A Janus spokeswoman declined comment about the portfolio changes. Janus, a unit of Stilwell Financial Inc. (NYSE:SV), eliminated No. 1 telecommunications equipment supplier Nortel Networks Corp. (NYSE:NT) and optical networker Sycamore Networks Inc. (NASDAQ:SCMR) from its portfolio, while doubling its stake in Sycamore rival Ciena Corp. (NASDAQ:CIEN), according to the filing. Ron Dior

To: Ibexx who wrote (10978)	5/17/2001 5:45:31 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 12623

Ibexx, OPTera Connect HDX optical switch scheduled for market in 4Q 2001. Working together on High Capacity Optical Networks In March 2000, Nortel Networks began holding sessions with customers to discuss the design of the upcoming OPTera Connect HDX optical switch, the next generation Optical Internet. Using an installability assessment exercise, Nortel Networks designers and customer experts worked together to validate product feature content and installation procedures, and test the hardware design in the lab. They will continue to work together to test the software functionalities with lab and field trials in 2Q and 3Q 2001. Customers indicated they were pleased at being able to influence the design early enough for Nortel Networks to provide a product that better met their needs. The process allowed them to improve their familiarity with the product, and begin planning ahead for space, power, and air conditioning requirements for when the product becomes a reality in 4Q 2001. nortelnetworks.com