latest news releases from the newsroom
ONI Systems Extends Leadership in Storage, Ethernet Transport with ONLINE2500 Platform Enhancements
SAN JOSE, Calif., May 15, 2002 (PRIMEZONE) -- ONI Systems Corp. (Nasdaq:ONIS), a leading provider of optical telecommunications equipment for metropolitan and regional markets, today announced the ONWAVE(tm) SONET/SDH Framed Data Add/Drop Multiplexer (SFDADM) for the ONLINE2500 optical edge service platform. Designed to overcome the wide area network (WAN) limitations for data protocols, such as Fibre Channel (FC), FICON and Gigabit Ethernet (GbE), the new ONWAVE card enables service providers and enterprises to interconnect storage area networks (SANs) and Ethernet local area networks (LANs) over thousands of kilometers via the existing global SONET/SDH infrastructure.
Tornet Sells Properties with a Capital Gain
STOCKHOLM, Sweden, May 15, 2002 (PRIMEZONE) -- Fastighets AB Tornet has sold seven properties at a price of approximately SEK 61 million with a total capital gain of approximately SEK 12 million. Five of the properties mainly contain housing and are situated in Lysekil, Malmo and Karlstad. The other two properties are in Vasteras and Kungalv. The latter property comes from Tornet's acquisition of Amplion.
Aspiro Sells Mobile Services to 3G Operator
STOCKHOLM, Sweden, May 15, 2002 (PRIMEZONE) -- Aspiro has signed an agreement with Swedish 3G operator, Hi3G, for the sale of mobile services based on the theme "New Age" prior to Hi3G's official launch later this year.
Saab Training LLC, U.S.A Awarded Firm Fixed Price Contract
LINKOPING, Sweden, May 15, 2002 (PRIMEZONE) -- Saab Training LLC of Orlando, Florida, U.S.A was awarded a ten year Firm Fixed Price Contract using the Indefinite Delivery Indefinite Quantity method for rapid acquisitions, for a series of gunnery and training ranges planned by the U.S. Army Tank Automotive Command. The estimated total value of the range improvement program is in excess of $100 million. Saab is one of six contractors now pre-qualified to compete for each range project.