Venture fund closures

Venture fund closures

Ei-rdwave’s slight revenue gain Fndwave Corporation reported purchase,the acquisition revenue of $7.7m in Ql of 2003. includes product Revenues...

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Ei-rdwave’s slight revenue gain Fndwave Corporation

reported

purchase,the

acquisition

revenue of $7.7m in Ql of 2003.

includes

product

Revenues were $7m for the Q4

the MTS-2000

of 2002, and $4.4m for Ql, 2002.

the equipment

design for

synthesiser,

and

and product-

Net loss for the Ql of 2003 was

related

intellectual

property

$6.5m (72c/share) compared

licenses

required

to manufac-

with net loss for the Qlof 2002

ture production

of $11.4m or $1.29/share

units.

loss.

Pro forma net loss (calculated by

The MTS-2000

excluding certain charges) for

in satellite

product

is used

video links, in

Qlof 2003 was $2.9m,

defence

32c/share, compared with a pro

other VSAT applications.

imaging

forma net loss in the Ql of 2002

The acquisition

of $7.3m, 82c/share.

an outstanding

systems

and

also includes

Zarlink’s new, compact fibreoptic receiver

purchase

agreement

from Zeta, an

Zarlink Semiconductor’s

Fndwave however has acquired

Integrated

Defence

est-performance

certain assets ofVerticom,

Technologies

a pri-

(IDT) company,

and a new Endwave

subsystems used in wireless

Endwave

expects

to begin

device detects

communications

shipping

product

to Zeta

high-bandwidth

defense and the commercial

somewhere

markets. Structured

timeframe.

as an asset

in the mid-2003

to 3.125

allowing

and amplifies optical

designers

the cost, size, and complexity

Agility improves Flackaging yield

Traditional

discrete

Agility which recently

complex

award from

DARPA for its CW widely tun-

pulses

to reduce

equipment.

a major contract

at up

Gb/s. The ZL6OOII

of optical

received

for

signals operates

vately held developer of radio equipment for

customer.

optical

high-

receiver

planning process

photodi-

odes and amplifiers,

for network

circuitry,

linked by have been

growth, and dynamically provi-

needed to reliably detect

sion bandwidth.

pre-amplify

able lasers, has achieved yield

high-speed

and

optical

pulses.

levels of 95% for their packag-

“Our manufacturing

ing operations

and single chip architecture

The ZLGOOI 1 optical

allows us to produce

saves designers’ time, money,

at it’s highly

automated facility

in Allentown,

Pennsylvania.

tunable

lasers and EMLs extremely ciently.This

Optical networking ture companies

platform

infrastruc-

use the widely

tunable, high-power

lasers to

assist communications providers to increase

network

eff-

enables us to com-

and board space integrating highly sensitive intrinsic-negative)

on a price and volume basis.”

photodiode.

a low-noise

said Ron Nelson, CEO & presi-

simpedance

and limiting

dent, who noted that Ql

amplifier

revenues

monitor

exceeded

Agility’s

capacity, maximize existing net-

entire results for 2002, with 42 looking even better.

a

PIN (positive-

pete head to head with DFB’s

work resources, streamline

the

receiver

tran-

with a photo current into one, off-the-shelf,

component. At wavelengths

of 13 10 nm,

the device reliably detects

sig-

Venture fund closures

nals as low as -23dBm below

VCs are closing down young

working on optical switches,

Customers

investments startups.

closed after raising nearly

Zarlink 8217 and ZLGOOIl

Networks, backed by Greylock

$ I6Om over nine rounds in five

receiver

and Matrix Partners with a cor-

years including

optical

porate round by Tyco Inter-

investments

national closed,

Tenor

after raising

nominal signal intensity.

corporate

by Siemens (and

Sycamore Networks

are now evaluating

for use in 2.5 Gb/s equipment

for SDH,

STM-16 networks.

as well as

S123m in four years. The com-

venture money from Atlas,

The ZLGOOI 1 is also targeted

pany,which had developed

Bessemer

at optical

a

packet-switching platform,

and Sevin Rosen).

equipment

In the past three months, other

Gb/s SONET

raised its last round in the sum-

closures

and other high-speed

mer of 2000 at a valuation near

works, Centerpoint

$GOOm.In San Diego OMM,

and AirFiber.

include Alidian NetNetworks

for 2.488

OC-48 networks,

works, including

net-

Fibre Channel

and Gigabit Ethernet.