Global Sources
EE Times-Asia
Stay in touch with EE Times Asia
?
EE Times-Asia > Manufacturing/Packaging
?
?
Manufacturing/Packaging??

Optical switch supplier Tellium cuts 200 workers

Posted: 27 Jun 2002 ?? ?Print Version ?Bookmark and Share

Keywords:optical switch? Tellium? Sycamore Networks? Ciena?

Optical switch supplier Tellium Inc. announced cutbacks Monday (June 24), including plans to lay off 200 of its 534 employees by the end of June.

Tellium also could write off as much as $165 million from its books, officials said. The write down would relate to the declining market value of items such as goodwill and intangible assets.

Tellium's layoffs follow those of optical networking providers Sycamore Networks Inc. and Ciena Corp., which announced cutbacks last week. Ciena's layoffs were related to the company's acquisition of ONI Systems Inc., which was officially completed Monday. But Sycamore officials cited a need to alter product plans as the telecom recession continues to linger.

? Craig Matsumoto

EE Times





Article Comments - Optical switch supplier Tellium cuts...
Comments:??
*? You can enter [0] more charecters.
*Verify code:
?
?
Webinars

Seminars

Visit Asia Webinars to learn about the latest in technology and get practical design tips.

?
?
Back to Top