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Alcatel-Lucent to Buy NetDevices, Posts Q1 Losses

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PARIS, May 14, 2007 -- Alcatel-Lucent announced today it will acquire NetDevices, a Sunnyvale, Calif.-based private developer of services gateway products for branch office networks, including the SG8 and SG4 unified service gateways. Terms of the deal were not disclosed. The acquisition is expected in the second quarter, after which NetDevices workers and products will become part of Alcatel-Lucent's enterprise business group. Employees will report to Tom Burns, president of Alcatel-Lucent's enterprise solutions activities. NetDevices, founded in 2003 by three former Cisco executives, has 45 employees in...Read full article

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    Published: May 2007
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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