Once-bright future of optical fiber dims

Article Abstract:

Enough fiber optic cable has been laid around the world to reach to the sun, but now that there is a huge slowdown, there aren't all the connections to put the cable to use. Consequently, prices are going up for those who do have high-speed Internet connections. There is concern because of the news coming from Nortel Networks, 360networks and others. In Europe companies are trying to make deals in order to reduce huge debt. For the firms that built intercontinental networks, the scale of speculation is being compared to the 1870's and speculation in railroads.

General Industrial Machinery, Machinery Manufacturing, Capital expenditures, European Union, Other Communications Equipment Manufacturing, Fiber Optics Systems & Equip, Communications equipment, not elsewhere classified, Usage, Industrial equipment, Machinery, Forecasts and trends, Supply and demand, Fiber optic networks, Industrial equipment and supplies industry, Industrial equipment industry, Fiber optics, Fiber optics industry

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Lucent seeks $1 billion through securities sale

Article Abstract:

After the fourth debt rating reduction this year, by Standard & Poor's, Lucent Technologies will try to raise cash fast. This week it plans to have pricing determined for a private sale of redeemable convertible preferred stock that it will sell to institutional buyers at home and abroad. The company is also considering selling its shares in Agere rather than spinning the semiconductor company off, as originally planned for Sep. 2001.

Semiconductors and related devices, Semiconductor Devices, Semiconductor and Related Device Manufacturing, Communications Equipment, Telecommunications Equipment, Communications Equipment Manufacturing, Securities issued, listed, Semiconductor industry, Finance, Telecommunications equipment industry, Telecommunications systems, Lucent Technologies Inc., Securities, LU, Company securities, Telecommunication systems, Company financing, Agere Systems Inc.

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A telecom start-up will cut 43% of jobs and halt expansion

Article Abstract:

Winstar Communications says it has enough money to keep operating for another year, but will cut 2,000 jobs and stop expanding its network. The company's shares this year fell from $22.75 in January to 44 cents yesterday. Analysts say Winstar and other small carriers among the CLECs, or competitive local exchange carriers, are having difficulties dealing with a lack of financing.

Telecommunications, Telephone Communication, Human resource management, Telecommunications services industry, Telecommunications industry, WinStar Communications Inc., WCII

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