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IPOs, merger put spotlight on networking firms

Networking firms are attracting attention as Avici, Corvis and TyCom shares skyrocket in their initial public offerings, and Nortel buys Alteon WebSystems in an $8 billion deal.

 

  latest developments 

Networking firms are attracting attention as Avici, Corvis and TyCom shares skyrocket in their initial public offerings, and Nortel buys Alteon WebSystems in an $8 billion deal.

 


Avici, Corvis rocket in IPOs
update Two East Coast networking start-ups burst onto Wall Street with strong initial public offerings.

Nortel deal highlights Web switch trend
The telecommunications equipment giant's $8 billion purchase of Alteon WebSystems underscores the need for networking companies to have sophisticated technology for managing Web site traffic.

previous coverage
Fiber-optic start-up raises $1.14 billion in IPO
Corvis, a maker of equipment for fiber-optic networks that hasn't yet reported any sales, raises $1.14 billion in its initial public offering.

Maker of undersea cable gains in trading debut
TyCom shares rise after the maker of undersea fiber-optic cable raises $2 billion in an initial public offering, receiving enough demand to boost the sale by about 50 percent.