X

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.

CNET News staff
See full bio
CNET News staff
 
  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.

Mobile Guides

Phones
Foldable Phones
Headphones
Mobile Accessories
Smartwatches
Wireless Plans
Mobile coupons