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To: Sir Auric Goldfinger who wrote (10)	5/25/2001 7:06:45 PM
From: RockyBalboa	Respond to of 72

As you mention iaxis, here are some iaxis releases worth consideration: timesofindia.com Deutsche Telekom to bid for Iaxis LONDON: Deutsche Telekom is poised to offer to buy European telecoms operator Iaxis Ltd from administrators, the founder of parent company Iaxis NV said on Wednesday. Ray Dutton, who owns 27 percent of Iaxis NV, said Deutsche and Telemonde, a telecoms company chaired by Robert Maxwell's son Kevin, were going to make separate bids for the London-based subsidiary after it went into administration. Dutton said he expected Iaxis Ltd to sell for tens of millions of dollars, compared with valuations of $1.2-1.8 billion when it was planning to float last year. Dutton, who left the Iaxis boards in December after a falling out with venture capitalists, said the management put the company into administration after a deal to sell the business to London-based FLAG Telecom fell through. He blamed the failure of Iaxis Ltd on the strategy of the venture capitalists running the business rather than falling prices for telecoms capacity. "The intention was to stay ahead of the Global Crossings, Level Threes and KPN Qwests and go into places they weren't going. But the network didn't expand from where it was last November. Falling prices is not the issue," he told Reuters in an interview. He said shareholders put an additional $22 million into the business last month to keep the company going until the FLAG deal completed. GE Capital insisted on the investment as a condition for a $52 million loan to pay suppliers Nortel Networks and Ciena. US-based Ciena on Tuesday said it was owed $28.2 million by Iaxis Ltd. Dutton said he thought the Iaxis Ltd management chose administration to protect the assets of Iaxis NV, which is unaffected by the move. The parent company's main asset is a 15 percent stake in DigiPlex SA, a privately owned Internet facilities company, which Dutton said was worth $250-300 million. (Reuters) ..... In hindsight the telemonde bid because Telemonde cut ties with iaxis way earlier. See Telemonde (OTCBB: TLMD) SEC filings.

To: Sir Auric Goldfinger who wrote (10)	5/25/2001 7:07:47 PM
From: RockyBalboa	Respond to of 72

Dated, but worth consideration: ciena.com IAXIS SIGNS ON FOR MORE LIGHTWORKS SOLUTIONS FROM CIENA UK-Based Carrier Places Orders for Metropolitan Optical Solutions, Plans to Trial CIENA's Intelligent Optical Core Switch FOR IMMEDIATE RELEASE LINTHICUM, MD , December 7, 1999 – CIENA Corporation (NASDAQ: CIEN) and iaxis, the London-based wholesale carrier, today announced further plans for working together in building next-generation optical networks with CIENA's LightWorks™ suite of optical networking solutions. iaxis has issued purchase orders for CIENA's MultiWave Metro™ optical transport systems for deployment in its iaxisenroute pan-European network and announced plans to trial CIENA's MultiWave CoreDirector™ intelligent optical core switch. CIENA has been iaxis' exclusive provider of dense wavelength division multiplexing solutions since February, when the two companies signed a three-year contract valued at an estimated US$200 million. Iaxis became CIENA's first customer to deploy its MultiWave CoreStream™ system. "CIENA has been our optical networking partner since the inception of iaxis," said Julian de Bosdari, business development director at iaxis. "In that time, CIENA solutions have helped us create one of the lowest cost-per-bit networks in Europe. We're now adding CIENA's Metro systems and evaluating additional optical networking solutions from CIENA to immediately add a new level of strategic value to our network and our customers." iaxis already uses CIENA systems in its iaxisenroute network, which went live in May. iaxis has since reported 100 percent availability for iaxisenroute, which stretches over 7,000 km and covers 20 points of presence including London, Paris, Milan, Geneva, Zurich, Frankfurt, Dusseldorf, Berlin, Munich, Rotterdam, Amsterdam and Brussels. In the first phase of the metropolitan network project, CIENA's Metro systems will provide iaxis with intra-city connections throughout the Paris metropolitan area and are expected to carry live traffic by February. MultiWave Metro enables iaxis to cost-effectively build and scale intra-city distribution networks that it believes will make broadband IP services as easy to provide as traditional private line services. Metro's virtual topology will allow iaxis to rapidly provision bandwidth services and eliminate the constraints of the underlying fiber. These capabilities mark the emergence of low-cost, rapidly provisioned local optical networks. CIENA's LightWorks architecture is a comprehensive blueprint for building intelligent optical networks. It extends integrated capabilities in optical transport, core switching and multi-service access technologies through software-driven intelligence embedded throughout the optical layer. With CIENA LightWorks solutions, iaxis intends to operate a simpler, smarter network that exceeds customer expectations for availability and reliability of high-speed data services. "CIENA's role as iaxis' optical networking provider is not only to supply capacity, but to build intelligence into the network that turns available bandwidth into revenue-producing services," said Patrick Nettles, CIENA's president and CEO. "LightWorks solutions will give iaxis important operational and economic advantages. With CIENA's suite of products, iaxis will be able to turn up broadband services faster, manage them more easily, and offer them at a lower cost than with legacy network equipment." In addition to the MultiWave Metro deployments, iaxis plans to begin testing CIENA's MultiWave CoreDirector intelligent optical core switch in January. The CoreDirector will provide iaxis with high-bandwidth switching, protection and provisioning capabilities for an intelligent optical core. It features the networking intelligence of CIENA's LightWorks OS™ that will allow iaxis to bring on new services faster and realize new revenue more quickly. "We're looking forward to trialing CIENA's CoreDirector optical switch, which looks to have top-of-the-range density, scalability and functionality available," said Eryl Stafford, technical director at iaxis. "We already know the benefits of CIENA's transport solutions for long-haul and metro networks. The next logical step is the CoreDirector switch. With CoreDirector intelligence driving the iaxis network, we expect to achieve automated end-to-end network scale, provisioning and management - from private line to Gigabit Ethernet to wavelength services." Iaxis will be the first European customer to test CIENA's CoreDirector. The product already is in the customer trial phase in North America. ABOUT IAXIS Formed in April 1998, iaxis is Europe's only dedicated wholesale telecoms operator. iaxis has no retail division so it can provide wholesale services to the communications industry with complete independence. Target customers include ISPs and ASPs, tier one telecom operators, new carriers, systems integrators, resellers and mobile operators. With its primary technology partners, CIENA, Nortel and Juniper, iaxis has developed a multi-terabit European network. Phase One of the network, which went live in May 1999, stretches over 3,000 km and covers London, Paris, Strasbourg, Dusseldorf, Frankfurt, Amsterdam, Rotterdam, Antwerp and Brussels. Phase Two, a further 4,000 km, which went live in November 1999, expands the network through Stuttgart, Basel, Geneva, Zurich, Berlin, Leipzig, Munich, Nürnberg and Milan. Phase Three, which goes live in Q3 2000, will increase the network by 5,000 km. In its entirety, the network will span 12,000 km. By providing IP services, bandwidth capacity and co-location services, iaxis allows telecom companies to focus on servicing their most valuable assets, customers, and enter new markets rapidly. ABOUT CIENA CIENA Corporation's market-leading optical networking systems form the core for the new era of telecommunications networks worldwide. CIENA's LightWorks™ architecture changes the fundamental economics of service-provider networks by simplifying the network and reducing the cost to operate it. Additional information about CIENA can be found at ciena.com. NOTE TO INVESTORS: Forward-looking statements in this release including, but not limited to, the estimated value of the three-year contract and the cost, deployment and network management benefits of the Company's products, are based on information available to the Company as of the date hereof. The Company's actual results could differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with the Company's business, which include the risk factors disclosed in the Company's Post Effective Amendment No. 2 on Form S-3 to Form S-4 Registration Statement filed with the Securities and Exchange Commission on Aug. 30, 1999. --------------------------------------------------------------------------------

To: Sir Auric Goldfinger who wrote (10)	5/25/2001 7:11:19 PM
From: RockyBalboa	Respond to of 72

Mentioning other relationships but no Tellium: thestandard.com Ninety axed at iaxis By Chris Nuttall - IS Europe Sep 06 2000 10:47 AM PDT Pan-European carrier iaxis is floundering. As 70 percent of its staff pack their bags, the former chairman blasts the management. ... Among other suppliers, Nortel Networks is reported to be owed money by iaxis but Juniper Networks says it has been paid for its routing equipment.

To: Sir Auric Goldfinger who wrote (10)	5/25/2001 7:17:01 PM
From: RockyBalboa	Respond to of 72

iaxis NV chief, Ray Dutton describing the business, clients and technology: telecommagazine.nl Profiel van de nieuwe operators: Iaxis, een heel ongebruikelijke nieuwe aanbieder Groothandel in ongebruikt glasvezel Iaxis koopt ongebruikte glasvezelkabels op van nutsbedrijven. Vervolgens biedt het extra capaciteit aan telecombedrijven en Internet Service Providers. Blik op een wel heel ongebruikelijke nieuwe aanbieder. Het Europese netwerk Iaxis specialiseert zich in de telecommunicatiewereld als groothandel, die snel verbindingen kan leveren omdat het bedrijf gebruikmaakt van bestaande glasvezelkabels. Die hoeven dus niet te worden gelegd, een tamelijk langdurig en kapitaalintensief karwei. De eerste fase van het Europese netwerk was binnen een half jaar klaar. Deze ring verbindt Londen met Brussel, Antwerpen, Rotterdam, Amsterdam, Düsseldorf, Frankfurt, Straatsburg en Parijs. In de tweede fase, die eind dit jaar klaar is, wordt het netwerk naar het oosten en zuiden uitgebreid. De derde fase, begin 2000 gereed, bevat uitbreidingen naar het zuiden en noorden. Hoe 'groot' is jullie groothandel, is de eerste vraag aan Ray Dutton, de Chief Executive Officer van Iaxis. "De kleinste verbinding die wij aanbieden is DS3 (T3: 45 Mbit/s). En uiteraard alles wat daarboven ligt, desnoods tot en met STM-16 (2,5 Gbit/s) of meer. Onze filosofie is dat wij onze klanten heel snel kunnen aansluiten: in principe binnen 10 werkdagen." -------------------------------------------------------------------------------- Gespecialiseerd in transatlantische capaciteit Ray Dutton is mede-oprichter van MFS Communications. Toen dat in april 1998 door WorldCom werd overgenomen, is hij er met een aantal collega's uitgestapt. Telemonde, zijn nieuwe bedrijf, specialiseerde zich in het aanbieden van transatlantische capaciteit en werd snel een van de drie topbedrijven in die markt. In januari 1999 volgde de afsplitsing van Iaxis, waarvan hij nu de CEO is. -------------------------------------------------------------------------------- Waarom de keuze voor glasvezel van nutsbedrijven? "Dat werkt snel en is goedkoop. Er is op dit moment een grote markt voor goedkope verbindingen die snel beschikbaar zijn vanwege alle nieuwe aanbieders op telecommunicatiemarkt- daar willen we op inspelen. We hebben een samenwerkingsverband met Ciena voor DWDM-apparatuur (Dense Wavelength-Division Multiplexing). Op dit moment gebruiken we een capaciteit van 32 kanalen van 2,5 Gbit/s, rond het einde van dit jaar wordt die verhoogd naar 96 kanalen van 10 Gbit/s per glasvezelpaar: een zogenaamde terabit (biljoen bit/s = 1000 Gbit/s) kabel." Het bedrijf hanteert terabit/s als standaard op het net. De nieuwste DWDM-technologie van Ciena biedt de mogelijkheid van automatische vereffening aan beide uiteinden van een verbinding. -------------------------------------------------------------------------------- Zijn alle glasvezels geschikt? "Niet elke glasvezel is geschikt, alleen die volgens de laatste technologie. Maar voor ons doel liggen er daarvan genoeg ongebruikte… Het is wonderlijk dat al die stukken redelijk goed op elkaar aansluiten. Dat komt wellicht omdat men zich bij het plannen destijds al heeft afgevraagd hoe je die stukken met andere stukken kunt verbinden. Mede omdat het ook destijds niet zo duur was extra glasvezels in de grond te leggen, heeft men bij het ontwerp al rekening gehouden met de mogelijkheid van doorverkoop. Ik geloof dat we voor ons huidige fase 1-netwerk met een lengte van 3000 km slechts enkele kilometers hebben hoeven te graven." De kabels zijn betrokken van Europese nutsbedrijven zoals elektriciteits-, gas- en waterbedrijven en spoorwegen. De ring van Parijs naar Londen en terug naar Brussel loopt door verschillende buizen van de Eurotunnel. -------------------------------------------------------------------------------- Wie zijn de klanten van Iaxis? "Ik schat dat we in Europa zo'n 200 tot 300 telecombedrijven tot onze potentiële klanten mogen rekenen. Onze omzet bedroeg voor de tweede helft van dit jaar rond de $200 miljoen. Er zijn twee soorten contracten: een IRU (Indefeasible Right to Use), een soort van kooprecht dat voor bijvoorbeeld vijf jaar wordt afgesloten en vooruit betaald is, en een leasecontract voor een bepaalde verbinding gedurende een aantal jaren, waarvoor meestal maandelijks wordt betaald." De termijn kan overigens door de klant worden bepaald. -------------------------------------------------------------------------------- Hoe liggen de tarieven? "Wij kennen een enkel standaardtarief dat geldt tussen de hubs, in elk land enkele grote steden. Het maakt niet uit of dat tussen Brussel en Antwerpen of Rotterdam is, of tussen Hamburg en Madrid. In zo'n netwerk speelt afstand vrijwel geen rol meer." Iaxis zegt erg flexibel te zijn met de aanpassing van contracten. Omdat de klanten vaak nieuwe telecomaanbieders zijn, is het voor hen vaak moeilijk goed te voorspellen op welk traject veel verkeer ontstaat. Dutton zegt niet alleen het traject maar ook de bandbreedte goedkoop en snel te kunnen aanpassen als dit nodig blijkt. -------------------------------------------------------------------------------- Hoe sluiten klanten op de netwerken aan? "Wij bieden drie platforms: IP, ATM of SDH. In alle gevallen is dat een transparante verbinding via een standaard interface of een glasvezelpaar. De aansluiting moeten ze zelf doen, desgewenst kunnen we er ook voor zorgen, mogelijk via een van onze andere klanten. In elk versterkerstation van ons netwerk kan men ook aansluiten. De meest waarschijnlijke aansluiting is in de hubs, een groot gebouw van zo'n 10.000 vierkante meter waarin collocatie van aanbieders mogelijk is. We denken dat er veel interesse bestaat zo dicht mogelijk bij de snelle verbinding te zitten, anders heb je waarschijnlijk een extra verbinding nodig. We noemen zo'n hub een carrier hotel omdat er ook andere aanbieders van verbindingen een plaats kunnen vinden." De locaties voor de hubs in Amsterdam en Rotterdam zullen volgens plan vanaf het eerste kwartaal 2000 geopend worden. -------------------------------------------------------------------------------- Wat is naast SDH en ATM de rol van IP? "Uiterst belangrijk. Het Internetverkeer groeit explosief, maar wat ons betreft mag iedereen zelf bepalen wat voor verbinding hij wil gebruiken. IP-gebruik zal zeker verder toenemen; in ons geval is het al groter dan spraak. Maar dat is niet de belangrijkste reden waarom IP zo belangrijk is. Wij gaan IP namelijk gebruiken als basistechnologie, direct op de glasvezel. SDH en ATM staan daar als laag bovenop, de omgekeerde wereld vergeleken met de traditionele glasvezelverbindingen!" -------------------------------------------------------------------------------- Heeft Iaxis voor IP gekozen omdat pakketschakelen efficiënter werkt dan circuit schakelen? "Nee! Het is wel zo, maar de belangrijkste reden is dat IP zo enorm veel voordelen biedt voor netwerkbeheer. IP vereenvoudigt het netwerkbeheer doordat IP-pakketten hun eigen optimale weg door het netwerk kiezen. Bij de nu gebruikelijke ATM/SDH-netwerken moet je elke alternatieve route pre-configureren. Als er ergens een kink in de kabel komt of files, kun je daarop terugvallen. Dat kost erg veel tijd want dat moet voor elke verbinding gebeuren. Vandaar dat IP veel aantrekkelijker is, zeker als we uiterlijk medio 2000 de veel efficiëntere optische IP-switches krijgen." -------------------------------------------------------------------------------- Hoe gaat u om met vertragingen in de IP-verbindingen? "Eind 1999 heb ik een demonstratie van IP-telefonie gehad. Het klonk in ieder geval heel helder, net als een gewoon telefoongesprek. Een probleem is nog de vertraging van circa 0,3 seconde over de verbinding. Die is minder erg dan destijds via de satelliet, maar zeker storend. Dat lossen de technici wel op, daar vertrouw ik op." Welke IP-release daarvoor gebruikt zal worden is nog niet geheel duidelijk. In ieder geval niet IP4, wellicht IP6 of een latere versie. -------------------------------------------------------------------------------- Is IP robuust en betrouwbaar genoeg als basisprotocol? "Ja, dat wordt een steeds groter probleem, nu er meer schakels in een verbinding worden gebruikt. Vroeger was de telecomwereld eenvoudig omdat er in ieder land maar één aanbieder was- dat is lang geleden. IP heeft overigens zijn sporen in Internet heus wel verdiend, dus daaraan zal het niet liggen. Een nieuwe IP-release is in combinatie met DWDM wel behoorlijk gecompliceerd. Dus we moeten goed testen alvorens de nieuwe situatie operationeel te verklaren." Er moet veel nieuwe hardware worden geïnstalleerd, maar het installeren van een nieuwe software baart Dutton de meeste zorgen. -------------------------------------------------------------------------------- Biedt IP voorzieningen voor netwerkplanning en beheer? Geagiteerd: "Er is zoveel in onze telecomwereld ooit voorgesteld dat nooit heeft gewerkt! En zeker nu niet, met zo'n 450 bedrijven in Europa die een licentie hebben! Toen ik bij Telemonde werkte, belde BT ons een keer of vier per jaar op om te vragen hoeveel verkeer wij van ze gehad hadden. Zij konden het niet meten. Wij trouwens ook niet, maar we deden ons best om een zo goed mogelijk schatting te maken. En ze hebben altijd betaald!" Iaxis zal overigens zijn klanten de mogelijkheid bieden de situatie op zijn netwerk te volgen. Dutton weidt uit over de problemen van billing, en stelt dat geen enkel bedrijf een goed systeem heeft voor het samenstellen van de afrekeningen. De veranderingen in het abonnement en de organisatie gaan immers sneller dan dat je nieuwe software kunt ontwikkelen. Apparatuur is redelijk eenvoudig te installeren, het ontwikkelen, installeren en upgraden van software is erg moeilijk geworden in de snel veranderende telecomwereld. -------------------------------------------------------------------------------- Standaard naar terabit-kabel Iaxis is een in Nederland geregistreerde bv (binnenkort NV), omdat Nederland een uitstekend belastingtechnisch en internationaal klimaat biedt. Dit maakt Nederland blijkbaar heel interessant voor een bedrijf als Iaxis. In 130 dagen werd fase 1 van het Europese netwerk aangelegd. In fase 2 kwam daar voor eind 1999 nog eens 4000 km bij. "Over een maand of acht zijn alle glasvezels standaard uitgerust als terabit-kabel", beweert Dutton. Niet alleen de snelheid van de glasvezelverbindingen is duizelingwekkend…

To: Sir Auric Goldfinger who wrote (10)	5/25/2001 7:25:38 PM
From: RockyBalboa	Respond to of 72

The lightreading piece on the fallout last September: lightreading.com Ciena Spooks the Market -------------------------------------------------------------------------------- For those awaiting the potential stock-market ramifications of a slowdown in the telecom sector, Ciena Corp. (Nasdaq: CIEN - message board) today provided a taste of the dark side. By writing off $28.2 million in sales it may not realize from a troubled customer, the company gave the entire telecom sector the jitters. Ciena reported that bandwidth wholesaler Iaxis Ltd. (Web site terminated), one of Ciena's 36 announced customers, has received an administrative order in the U.K., the equivalent of a bankruptcy filing. This means that Iaxis, which reportedly has installed thousands of miles of fiber in Europe, won't be paying its bills anytime soon. Ciena plans to record the shortfall as a one-time charge in its fourth-quarter financials, due December 7. The charge will be taken after a stock split scheduled for September 18. Ciena says the charge could take a maximum of 6 cents per share out of its earnings, depending on the final share price after the split. At least one analyst says not to assume the write-off means Ciena won't get its money at some point. "My understanding is that Ciena's taking a conservative approach with this write-off. There's still a chance the company could collect some or all of the revenue owed," says Paul J. Silverstein, senior research analyst at investment bank Robertson Stephens. Still, the news hit Ciena's stock hard: At market close, its share price had fallen 13.81, or 6 percent, to 216.31. Analysts used the example as the latest optical networking cautionary tale. "I don't think this is indicative of any problems in Ciena's business case, but it shows that we're starting to see a new condition of business for optical vendors," said Christopher A. Nicoll, director at consultancy Current Analysis. He says companies need to think about the risks involved in having startup carrier customers. Those risks, he says, increase as optical vendors extend credit to help finance their customers, using a model that carriers have successfully deployed over the past few years. Such nervousness appeared to permeate the market on Tuesday, and a down day on the Nasdaq didn't help the case. Sycamore Networks Inc. (Nasdaq: SCMR - message board), which so far depends exclusively on revenue from carrier startups Williams Communications Group (NYSE: WCG - message board) and 360networks Inc. (Nasdaq: TSIX - message board; TSE: TSX.TO), lost 6.44, or 4.51 percent, to close at 136.38. Even networking blue chip Nortel Networks Corp. (NYSE/TSE: NT - message board) shed 2 points (2.42 percent) to close at 80.75. "This is just one bad apple," said Gina Sockolow, analyst with Brean Murray & Co. Inc., of the Iaxis payment shortfall. "But the OC192 market is weak, and I am worried about the supercarriers having overextended themselves. When you get into the supercarrier space the volume is thinner." Iaxis isn't the only service provider to suffer setbacks this year. A series of woes, ranging from Wall Street disapproval to outright bankruptcy, have made it clear that banking on carriers -- even established ones -- can be a risky proposition. (See GST Files for Bankruptcy and Wall Street says 'Whoa' to Williams ). In some ways, Ciena's lucky. Its original contract with Iaxis covered about $200 million over a three-year period. Ciena spokespeople acknowledge that Iaxis already paid much of this -- up until about March of this year. At that time, the provider underwent what appeared to be a reorganization, ostensibly in preparation for what was supposed to be a $6 billion IPO later this year. A group of investors, led by Bain Capital Group, took a $66 million stake in the pre-IPO startup. Still, the management of Iaxis apparently would not cede more than its 22 percent ownership. Now, the outcome of Iaxis remains a question. Ciena wasn't the only vendor involved with Iaxis. Juniper Networks Inc. (Nasdaq: JNPR - message board) and Nortel also sold them gear, but apparently didn't extend any credit terms. Juniper stock lost 1.50 (0.68 percent) to close at 220.13. It's a blow to Ciena, but the vendor downplayed it. "This won't affect our ability to meet our projections," said spokesperson Bill Rose today. A press release issued by Ciena said the company did not factor any money from Iaxis into its projections. Those projections call for Ciena to earn about $280 million for the fourth quarter, with 20 percent sequential growth. -- Mary Jander, senior editor, and R. Scott Raynovich, executive editor, Light Reading lightreading.com

To: Sir Auric Goldfinger who wrote (10)	5/25/2001 7:43:55 PM
From: RockyBalboa	Respond to of 72

Extant: totaltele.com Business & Regulatory Dynegy snaps up iaxis for around US$40 million By Steve Riseborough, Total Telecom 07 November 2000 U.S. power trading giant Dynegy confirmed on Tuesday it has agreed to acquire the remains of failed European carriers' carrier iaxis, which went into administration in September. Dynegy has agreed to purchase the shares of iaxis Ltd. for a "nominal consideration" and will contribute $40 million to be distributed amongst iaxis' creditors, which include Ciena and Nortel, owed $28.2 million and $11.2 million respectively. The company will also invest $160 million on completing iaxis' European network build-out and settling some of its other outstanding liabilities. Steven Pearson, a partner with iaxis' administrators Price Waterhouse, told Total Telecom that iaxis had "around $270 million of liabilities at the date of administration" and that the deal would see more than half this amount taken on by Dynegy. "By a long stretch this is the best deal iaxis' creditors could have hoped for," he told Total Telecom. He expects the creditors to receive up to 40 cents on the dollar. "Otherwise they would have been lucky to get 5 cents on the dollar," he said. The administrators will be writing to the creditors this week to seek approval for the arrangement, but Pearson says this "should be straightforward." The board of directors of iaxis Ltd.'s parent, Netherlands-based iaxis NV, has already approved the deal, and shareholder approval is expected on 10 November. Pearson would not comment on whether the elusive former iaxis chairman Ray Dutton, who reportedly still owns 27% of iaxis NV, was involved in the negotiations. The assets of iaxis, comprising a 14,000 km pan-European fiber optic network and the equipment situated at 40 colocation, data-center and hub sites across the continent, will be rolled into a new company, Dynegy Europe Communications Ltd. (DEC), which will spearhead Dynegy's push into the burgeoning European broadband market. The new entity will be headed by Matt Epling, formerly managing director of Europe for Extant Inc., the wholesale communications provider acquired by Dynegy for $188 million in September. Epling said Dynegy's short-term strategy would be to capitalize on the revenue benefits gained from immediate European connectivity to its U.S. network. In the longer term he said the firm would apply the same trading strategies it has used in power and natural gas to sell capacity and become "the wholesale communications provider of choice throughout Europe." To be headquartered in Vienna, Austria, with offices in London, Berlin, Paris, Milan and Amsterdam, the new company will "transition iaxis Ltd.'s existing 25 employees into the new company," Dynergy said. This represents a skeleton technical workforce kept on to maintain network facilities after 90 staff were made redundant in September.

To: Sir Auric Goldfinger who wrote (10)	5/25/2001 8:19:32 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 72

washtech.com ... Ciena revised upward its forecasts for the current quarter through 2002. Revenue should increase by 75 percent to 85 percent for 2001 and by 59 percent to 69 percent for 2002, Ciena officials said. Customer demand is driven by Ciena's newer products, they added. Taking advantage of the new equipment are Broadwing Communications, which plans to install Ciena's equipment in its nationwide network, and Dynegy Europe Communications. Dynegy has proposed buying one of Ciena's financially troubled clients in the United Kingdom called Iaxis, which accounted for the $19 million hit Ciena suffered in the quarter. Upon purchase of Iaxis, Dynegy has committed to buying $50 million of Ciena equipment under a three-year contract negotiated by the two companies.