Tellium(TELM) - 500 Beiträge pro Seite

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Profile:Tellium, Inc. designs, develops and markets high-speed, high-capacity, intelligent optical switching solutions that enable network service providers to quickly and cost-effectively deliver new high-speed services. The Company`s products include hardware, standards-based operating software and integrated network planning and network management tools designed to deliver intelligent optical switching for public telecommunications networks. Tellium`s products are specifically designed to manage very high-speed optical signals and can be easily expanded, enabling service providers to grow and manage their networks quickly and efficiently to keep pace with dynamic requirements of data services. The Company`s optical switches operate with existing optical networking equipment to support the transition from older networks to advanced, intelligent optical networks without service disruption. This capability protects service providers` prior investment in fiber optics and transmission equipment.


http://www.tellium.com

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Tellium reaffirms 2001, 2002 guidance
OCEANPORT, N.J., Nov 8 (Reuters) - Telecommunications equipment maker Tellium Inc. (NasdaqNM:TELM - news) on Thursday reaffirmed its 2001 and 2002 financial guidance, saying nothing had changed since its comments last month.
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The Oceanport, New Jersey-based company said it still estimates 2001 revenues will be in the range of $130 million to $135 million, while 2002 revenues are expected to be about $288 million.

The company also said that at an industry conference in San Diego it reiterated that it expects fourth-quarter revenues of $44 million to $49 million.

Last month it said its third-quarter revenues were $40.1 million, an increase of 32 percent over the second quarter`s $30.4 million.

``There has been a great deal of confusion in the telecommunications industry of late, and investors may be misinterpreting the current state of the industry and its impact on Tellium. Our current revenue guidance remains consistent with what we said during our October 24 earnings call,`` Tellium Chief Financial Officer Michael Losch said in a statement.

He added that the company expects to continue to have revenue from both Dynegy Inc. (NYSEYN - news) and Qwest Communications International Inc. (NYSE:Q - news) in the fourth quarter.

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NOVEMBER 15, 2001
PREVIOUS NEWS ANALYSIS

Tellium Execs Lengthen Their Locks

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Yesterday, executives from Tellium Inc. (Nasdaq: TELM - message board) agreed to extend the lockup period on their shares another 75 days until after the company announces fourth quarter 2001 results in January (see Tellium Extends Lockup ).

Two days ago on November 13, 2001, Tellium’s 180-day lockup period on its shares officially ended. This will allow insiders who obtained shares prior to the company`s IPO last May to sell their stock (see Market Gives Tellium a High Five ). The result is that as of Tuesday, an additional 77 million shares of the company were released onto the open market. Analysts and investors following the company waited for this date with anticipation, fearing that company executives, venture capitalists, and other investors would start selling large numbers of shares onto the open market, putting pressure on the stock.

As a show of confidence in the company, the management team signed agreements yesterday restricting them from selling their shares until January. In total, the management team holds roughly 14.7 million shares of Tellium stock.

While this may be a nice gesture, in reality it may have minimal impact. The agreement extending the lockup period only includes shares owned by Tellium management. This means that 62 million shares, roughly 80 percent of the shares unlocked on Tuesday, are held by venture capitalists and other investors. Since these investors are not part of the extended lockup period, they may sell their shares at any time.

As of September 30, 2001, Tellium had 112,370,747 shares outstanding, including those held by executives. All told, including outstanding warrants and options, Tellium’s fully diluted common stock totals approximately 143,633,256 shares.

Tellium executives say the move was meant to send an important message to shareholders who have seen the stock dip below $5 a share in the past couple of months.

"People have no interest in selling stock at these levels. They feel the stock is incredibly undervalued," says Harry Carr, chairman and CEO of Tellium. "Second, we are here to build a great company. I think shareholders should realize we wouldn’t be doing this if we didn’t have confidence in the company’s prospects."

In trading Thursday, Tellium dropped 0.03 (0.52%) to 5.71 at the end of the day.

Tellium, like most of the optical sector, has been hit hard by the uncertainty in the economy and the cutbacks in capital spending by carriers. Like many optical IPOs before it, the key to Tellium`s success will lie in expanding its customer base and fundamentals (see Tellium Stock Pops After Earnings and Qwest Slowdown Spooks Investors ).

Some analysts covering the company say that this vote of confidence from management is a good sign and it might signal that Tellium has been able to sign up another customer. While Carr has remained tight-lipped on the subject, sources following the company say they believe Deutsche Telekom AG (NYSE: DT - message board) will be announced as Tellium`s fourth customer by the end of the quarter.

***
Another rumor about the company has been flying around Wall Street for the past two days: CFO Michael Losch is considering leaving. But both Losch and Carr deny the rumors.

”That is absolutely not true," says Losch. "I’m definitely not leaving, not after everything we’ve been through. There is no better place I can think of going right now."

"If Mike is leaving, it’s news to me,” says Carr.

— Marguerite Reardon, Senior Editor, Light Reading
http://www.lightreading.com




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Tellium Posts More Than 50 Percent Market Share Gain in Optical Core Switching Market
RHK Study says Tellium`s Market Share to Grow Faster Than Others
OCEANPORT, N.J., Nov. 27 /PRNewswire/ -- According to a new study released today by RHK, a leading market research firm with headquarters in San Francisco, Tellium (Nasdaq: TELM - news) will increase its market share of the global optical core switching (OCS) market in 2001 by more than 50 percent from a year ago.

According to the study, Ciena will maintain its leadership in the estimated $465 million worldwide optical core switching equipment market, with a market share of 46 percent, dropping from 60 percent a year ago. Tellium is second in market share, and will own 29 percent of the market, an increase of 10 points of market share, or 53 percent growth compared to its 19 percent share a year ago. Tellium was the only company in the study to see double- digit market growth with nearly a ten-fold increase in projected annual revenues.

``This study divides the optical core switching market into three different segments -- edge grooming at STS-1 levels, core grooming at STS-48 levels and pure photonic switching,`` said Dana Cooperson, director of optical transport with RHK. ``We see different leaders emerging in each of these segments. Tellium is the leader in the core grooming segment and the only vendor shipping core grooming switches.``

The study also reports that Tellium will gain significant market share over its competitors, most of which will show little or no market share growth in 2001. Tellium, which went public in May, recently announced its third quarter financial performance, which for the second consecutive quarter, exceeded expectations. The company is the sole provider of optical core switches for DynegyConnect`s new network, the largest optically switched mesh restoration network in the world.

``We`ve been able to successfully capitalize on our strategy of focusing exclusively on the core and our first mover advantage,`` said Harry Carr, Tellium`s chairman and chief executive officer. ``This market share gain is clear evidence that our strategy is working. When carriers understand the economic benefits of the Tellium solution, they are compelled to act. In today`s economic environment, our value proposition of major capital savings and significant operating expense savings is a clear call to action for our carrier customers that want to have a competitive cost position in the industry.``

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions, that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in- service, intelligent optical switches, Tellium`s Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective evolutionary path to next-generation public networks. More information is available at www.tellium.com.

Tellium® ... smarter, faster optical networks.(TM)

This press release contains forward-looking statements based on current expectations, forecasts and assumptions of the Company that involve risks and uncertainties. Forward-looking statements in this release, including, but not limited to Tellium`s leadership position in the industry, are based on information available to the Company as of the date hereof. Forward looking statements are subject to risks and uncertainties associated with the Company`s business that could cause actual results to vary materially from those stated or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, economic, customer, key employee, competitive, technological and vendor factors affecting the Company`s growth, operations, markets, products, services and other factors and other risks and uncertainties discussed in the Company`s filings with the Securities and Exchange Commission, particularly the ``Risk Factors`` section of the Registration Statement on Form S-1 filed on July 24, 2001. Forward- looking statements include statements regarding the Company`s current expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as ``anticipate``, ``believe``, ``could``, ``estimate``, ``intend``, ``may``, ``should``, ``will``, ``would``, ``projects``, ``expects``, ``plans``, or other similar words. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. Tellium, the Tellium logo, ``Smarter, Faster Optical Networks``, ``a Brilliant Reality``, Aurora, Aurora 32, Aurora Optical Switch, Aurora 128, Aurora Full-Spectrum, StarNet Software Suite, StarNet Operating System, StarNet OS, StarNet Wavelength Management System, StarNet WMS, StarNet Planner, StarNet Modeler, StarNet Design Tools and others are trademarks or registered trademarks of Tellium, Inc. in the United States and/or other countries. Other marks are the properties of their respective owners.

SOURCE: Tellium

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NOVEMBER 28, 2001
PREVIOUS NEWS ANALYSIS

Report: Tellium Core Switch Takes Hold

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New figures from RHK Inc. show Tellium Inc. (Nasdaq: TELM - message board) has significantly increased its share of the worldwide optical core switching market at the expense of rival Ciena Corp. (Nasdaq: CIEN - message board) (see Tellium Boosts Market Share ).

RHK says Tellium holds 29 percent of the $465 million worldwide optical core switching market (located mainly in the U.S., Canada, and Europe) and 34 percent of the $380 million North American market.




In 2000, Tellium owned 19 percent of a market valued at roughly $83 million, essentially isolated to North America, according to RHK. The new estimates give Tellium a 10-point market share gain.

RHK`s figures also show Ciena Corp. (Nasdaq: CIEN - message board) has dropped 14 points in its worldwide share -- a situation that RHK says indicates carriers are preferring Tellium`s switches over other vendors` in core networks.

Indeed, RHK says Tellium is the market leader for core grooming switches, which selectively aggregate and manage specific STS48 links (2.488-Gbit/s increments of larger Sonet connections) between carrier central offices. RHK says Ciena leads in edge grooming, where STS1 granularity is needed to effectively bring enterprise traffic and private lines into the optical core.

So far, RHK says, a lack of products precludes any leadership in pure photonic switching, the third category in RHK`s optical switching taxonomy.

Opinions differ as to why Tellium`s share has grown so much so fast. "The marketplace is speaking. Our product actually does what we say it does," says Tellium CEO Harry Carr. Tellium`s choice to focus exclusively on selling its switches as a core solution is paying off, he maintains, because carriers see savings in capital and operating costs with a switch tailored to fit core requirements without extra programming or modification.

RHK thinks there is substance to Tellium`s claim of being more economical, but the firm hasn`t been able to nail down the specifics. "There appears to be some kind of time factor involved," says Dana Cooperson, director of optical transport at RHK. She thinks Ciena switches may take a trifle longer to set up for STS48 grooming than Tellium`s are -- which translates to a bit more operating expense. But she is careful to say her research isn`t completed yet and that she needs to confer with Ciena before making a final call.

Ciena, not surprisingly, isn`t buying any of this. Spokespeople say they don`t see any decrease in Ciena`s presence or increase in Tellium`s competitive threat among carrier customers. "This is one market researcher`s opinion," says Dennis Bilter, senior director of marketing at Ciena. As for assertions that Tellium`s gear may be more intuitive in managing core links, he asks: "Do you really think carriers would buy switches from us for their core networks if they were more expensive?"

And Bilter says "many customers" are using Ciena`s switch in core applications, which speaks to his argument with RHK`s approach to sizing the market. "I don`t know where they`re getting their categories. If you look at a scorecard of carriers buying switches and look at who they`re buying from, at the wins and losses, you`ll get a good indication of what`s happening," he asserts. Right now, Bilter maintains, Ciena has 19 confirmed carrier customers. "And the list isn`t declining."

In time, the numbers and customers would have to confirm whether Tellium is indeed stealing business from Ciena. Right now, such evidence is difficult to document. Despite better-than-expected quarterly results and stock lockups that exhibit management confidence (see Tellium Stock Pops After Earnings and Tellium Execs Lengthen Their Locks ), just two customers are generating revenue for Tellium -- Dynegy Inc. (NYSE: DYN - message board) and Qwest Communications International Corp. (NYSE: Q - message board).

Harry Carr is standing by claims that more announcements will be coming forth before year`s end. "There`s no change to that guidance," he says.

— Mary Jander, Senior Editor, Light Reading
http://www.lightreading.com

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Krishna Bala, Tellium CTO and Co-Founder, to Participate in Optical Switching Panel at Lightspeed Europe
Tellium`s Nico Wauters and Patricia Miller-Pittman also to Participate at Next Generation Networking Show
LONDON, Dec. 3 /PRNewswire/ -- Tellium (Nasdaq: TELM - news), provider of the world`s first in-service intelligent core optical switch, today announced that Dr. Krishna Bala, Tellium`s chief technical officer and co-founder, will participate in an optical switching panel discussion at Lightspeed Europe `01 in Earls Court, on Wednesday, Dec. 5, 2001.

Additionally, Dr. Nico Wauters, senior network engineer, will participate in an all-optical networking panel discussion, and Dr. Patricia Miller- Pittman, manager product/solutions marketing, will speak about how carriers can drive costs from the core of the optical networks.

Lightspeed Europe `01, the next generation optical networking event for next generation Internet infrastructure, takes place December 4-6, 2001.

Who: Dr. Krishna Bala, Tellium CTO and co-founder
What: Optical Switching Panel Discussion
Where: Lightspeed Europe `01, Earls Court, London
When: Wednesday, December 5, 2001 - 3:45 PM - 5:00 PM
Who: Dr. Nico Wauters, senior network engineer
What: All-Optical Networks Panel Discussion
Where: Lightspeed Europe `01, Earls Court, London
When: Wednesday, December 5, 2001 - 9:00 AM - 10:10 AM
Who: Dr. Patricia Miller-Pittman, manager product/solutions marketing
What: ``Driving Costs from the Core & Profit to the Bottom Line``
Where: Lightspeed Europe `01, Earls Court, London
When: Wednesday, December 5, 2001 - 3:00 PM - 3:40 PM
About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions, that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in- service, intelligent optical switches, Tellium`s Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective migration path to next-generation public networks. More information is available at www.tellium.com.

Tellium® ... smarter, faster optical networks.(TM)

For more information, please visit Tellium`s website at www.tellium.com, or contact:

Media Contact:
Mike Deshaies
Director, Corporate Communications
Lightspeed, Booth 516
[phone]
[e-mail]
This press release contains forward-looking statements based on current expectations, forecasts and assumptions of the Company that involve risks and uncertainties. Forward-looking statements in this release, including, but not limited to, references to Tellium`s future speaking engagements, are based on information available to the Company as of the date hereof. Forward looking statements are subject to risks and uncertainties associated with the Company`s business that could cause actual results to vary materially from those stated or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, economic, customer, key employee, competitive, technological and vendor factors affecting the Company`s growth, operations, markets, products, services and other factors and other risks and uncertainties discussed in the Company`s filings with the Securities and Exchange Commission, particularly the ``Risk Factors`` section of the Registration Statement on Form S-1 filed on July 24, 2001. Forward- looking statements include statements regarding the Company`s current expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as ``anticipate``, ``believe``, ``could``, ``estimate``, ``intend``, ``may``, ``should``, ``will``, ``would``, ``projects``, ``expects``, ``plans``, or other similar words. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Tellium, the Tellium logo, ``Smarter, Faster Optical Networks``, ``a Brilliant Reality``, Aurora, Aurora 32, Aurora Optical Switch, Aurora 128, Aurora Full-Spectrum, StarNet Software Suite, StarNet Operating System, StarNet OS, StarNet Wavelength Management System, StarNet WMS, StarNet Planner, StarNet Modeler, StarNet Design Tools and others are trademarks or registered trademarks of Tellium, Inc. in the United States and/or other countries. Other marks are the properties of their respective owners.

SOURCE: Tellium

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Tellium to Demonstrate Aurora 128(TM) Optical Switch and StarNet Software Suite(TM) at Lightspeed Europe
LONDON, Dec. 3 /PRNewswire/ -- Tellium (Nasdaq: TELM - news), provider of the world`s first in-service intelligent core optical switch, today announced that it will demonstrate the power of its Aurora(TM) Family of Optical Switches and StarNet Software Suite at Lightspeed Europe `01, the next generation optical networking event for next generation Internet infrastructure, December 4-6 in Earls Court.

Tellium`s demos include its in-service, carrier-grade Aurora 128 switch carrying live traffic groomed at both 2.5 and 10Gbps and performing SDH Multiplex Section Protection (MSP).

Tellium also is offering interactive demonstrations of its StarNet(TM) Wavelength Management System, StarNet(TM) Planner and StarNet(TM) Modeler. All are part of Tellium`s StarNet Software Suite, an empowering software package for creating, optimizing, running, controlling and provisioning optical networks.

Tellium`s high-capacity, scalable core switches and software can lower carriers` capital expenses by more than 60%. In addition, the switches can significantly reduce carrier`s operating expenses. They also allow for remote automated provisioning and faster time to revenue.

The Aurora 128 - an optical core switch for central office applications - supports up to 128 OC-48/STM-16 or 32 OC-192/STM-64 ports, up to a total of 320 gigabits per second of bi-directional traffic. It enables carriers to add to their networks a scaleable, intelligent core optical switch that uses less floor space and power while maintaining network reliability and performance. The switch can be used in either SDH or SONET optical mesh network architectures for a seamless global network.

Both Tellium`s flagship 512-port Aurora Optical Switch(TM) and the Aurora 128 - a full-featured, scaled-down version of the switch - are currently deployed by Dynegy Global Communications, the communications division of Dynegy Inc. (NYSE: DYN - news), in the world`s largest optically switched mesh network. Qwest Communications International (NYSE: Q - news) has also deployed Tellium`s switches and software.

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions, that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in- service, intelligent optical switches, Tellium`s Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective migration path to next-generation public networks. More information is available at www.tellium.com.

Tellium® ... smarter, faster optical networks.(TM)

This press release contains forward-looking statements based on current expectations, forecasts and assumptions of the Company that involve risks and uncertainties. Forward-looking statements in this release, including, but not limited to, future deployment applications of the Aurora 128, are based on information available to the Company as of the date hereof. Forward looking statements are subjects to risks and uncertainties associated with the Company`s business that could cause actual results to vary materially from those stated or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, economic, customer, key employee, competitive, technological and vendor factors affecting the Company`s growth, operations, markets, products, services and other factors and other risks and uncertainties discussed in the Company`s filings with the Securities and Exchange Commission, particularly the ``Risk Factors`` section of the final prospectus filed on May 17, 2001 in connection with our initial public offering. Forward looking statements include statements regarding the Company`s current expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as ``anticipate``, ``believe``, ``could``, ``estimate``, ``intend``, ``may``, ``should``, ``will``, ``would``, ``projects``, ``expects``, ``plans``, or other similar words. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Tellium, the Tellium logo, ``Smarter, Faster Optical Networks``, ``a Brilliant Reality``, Aurora, Aurora 32, Aurora Optical Switch, Aurora 128, Aurora Full-Spectrum, StarNet Software Suite, StarNet Operating System, StarNet OS, StarNet Wavelength Management System, StarNet WMS, StarNet Planner, StarNet Modeler, StarNet Design Tools and others are trademarks or registered trademarks of Tellium Inc. in the United States and/or other countries. Other marks are the properties of their respective owners.

SOURCE: Tellium

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Tellium Invited to Join IST Project LION Led by Telecom Italia Lab
Ships Core Optical Switch to Interoperability Consortium for Next-Generation Optical Networking
LONDON, Dec. 4 /PRNewswire/ -- Tellium, Inc. (Nasdaq: TELM - news), provider of the world`s first in-service intelligent core optical switch, today announced it has been invited to join a European-based consortium dedicated to promoting interoperability for next-generation optical communications networks. In support of the consortium, Tellium is providing its Aurora 128(TM) core optical switch and StarNet Software Suite(TM) to serve as one of the key switches in the consortium`s interoperability test bed.

The Information Society Technologies` (IST) Project LION (Layers Interworking in Optical Networks,) is a three-year undertaking led by Telecom Italia Lab and started in February 2000. The consortium is funded by the European Commission and consists of European and Japanese carriers, US and European communication equipment manufacturers, an engineering company, and leading European universities working together to develop and validate new optical networking standards.

Project LION belongs to IST -- an integrated research program managed by the Information Society DG of the European Commission. The IST builds on the convergence of information processing, communications and media technologies.

As the newest Project LION member, Tellium will provide both intellectual support as well as product support by delivering Tellium`s Aurora(TM) family of in-service core optical switches and the StarNet Software Suite(TM). Based in Torino, Italy, the Project LION test bed is aimed at demonstrating innovative optical network services for multi-vendor, multi-protocol networks to significantly reduce operating costs and capital expenses for carriers and to simplify optical networks.

``We are honored to be asked to join the efforts of the other Project LION members as they develop and test new standards in interoperability,`` said Krishna Bala, Tellium`s chief technical officer. ``By joining Project LION, Tellium not only plays a key role in validating current and developing future optical networking standards for the industry, we also gain new opportunities to further leverage our existing relationships with global carriers.``

The main goal of Project LION is to design and demonstrate a resilient and managed Automatic Switched Optical Network (ASON) carrying multiple clients. Starting from the definition of evolving network scenarios from legacy to ASON and generalized multi-protocol label switching (GMPLS) networks, the project identifies integrated resilience strategies and investigates planning and cost evaluations case studies.

The project also designs and implements User Network Interface (UNI), Network Node Interface (NNI) and two Interworking Network Management (INM) systems. Particularly, the test bed integrates IP Gigabit Switch Routers (GSRs) from Cisco over optical networking elements from Telecom Italia Lab, Siemens and Tellium.

``Tellium is the latest company to join this group of 13 partners dedicated to demonstrating interoperability for the optical networks of the future,`` said Antonio Manzalini, project coordinator of LION and project manager for Telecom Italia Lab. ``The efforts coming out of the LION consortium will introduce new optical networking services and revenue-generating solutions for global carriers as they seek to reduce their capital expenditures.``

Project members include Agilent Technologies, Cisco Systems International B.V., Interuniversity Microelectronics Centre, National Technical University of Athens, Nippon Telegraph and Telephone Company, Siemens Information and Communication Networks, Sirti S.p.A., Telecom Italia Lab S.p.A., T-Systems Nova, The University of Mining and Metallurgy, Telekomunikacja Polska SA, Tellium, and the Universitat Politecnica de Catalunya.

Lightspeed 2001 Demonstrations

Tellium`s Aurora 128 optical switch, along with the entire StarNet Software Suite -- a versatile software package for creating, optimizing, running, controlling and provisioning optical networks - will be on display in a live network at the Lightspeed Europe 2001 exhibit, booth 516, Earls Court Exhibition Centre, London, UK, December 4-6. Dr. Krishna Bala, Tellium`s CTO, and Dr. Nico Wauters, Sr. Network Engineer with Tellium, are scheduled to speak on two different optical panels during the show.

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions, that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in- service, intelligent optical switches, Tellium`s Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective evolutionary path to next-generation public networks. More information is available at www.tellium.com.

Tellium® ... smarter, faster optical networks.(TM)

This press release contains forward-looking statements based on current expectations, forecasts and assumptions of the Company that involve risks and uncertainties. Forward-looking statements in this release, including, but not limited to, references to Tellium`s future work on interoperability standards, are based on information available to the Company as of the date hereof. Forward looking statements are subject to risks and uncertainties associated with the Company`s business that could cause actual results to vary materially from those stated or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, economic, customer, key employee, competitive, technological and vendor factors affecting the Company`s growth, operations, markets, products, services and other factors and other risks and uncertainties discussed in the Company`s filings with the Securities and Exchange Commission, particularly the ``Risk Factors`` section of the Registration Statement on Form S-1 filed on July 24, 2001. Forward- looking statements include statements regarding the Company`s current expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as ``anticipate``, ``believe``, ``could``, ``estimate``, ``intend``, ``may``, ``should``, ``will``, ``would``, ``projects``, ``expects``, ``plans``, or other similar words. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. Tellium, the Tellium logo, ``Smarter, Faster Optical Networks``, ``a Brilliant Reality``, Aurora, Aurora 32, Aurora Optical Switch, Aurora 128, Aurora Full-Spectrum, StarNet Software Suite, StarNet Operating System, StarNet OS, StarNet Wavelength Management System, StarNet WMS, StarNet Planner, StarNet Modeler, StarNet Design Tools and others are trademarks or registered trademarks of Tellium, Inc. in the United States and/or other countries. Other marks are the properties of their respective owners.


Media Contacts:
Tom Topalian Mike Deshaies
Tellium Tellium
Tel: [phone] Tel: [phone]
Mobile: [phone] Mobile: [phone]
[e-mail] [e-mail]

SOURCE: Tellium, Inc.

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Tellium Growing Faster Than Long-Haul Optical Switch Market
Infonetics Research Says Tellium Has 25 Percent of Third Quarter 2001 Market Share
OCEANPORT, N.J., Dec. 10 /PRNewswire/ -- Tellium (Nasdaq: TELM - news), provider of the world`s first in-service intelligent core optical switch, today announced that Infonetics Research, a leading market research and consulting firm, has identified Tellium as a leader in the worldwide long-haul optical switching market, growing revenue faster than the market as a whole.

Tellium`s third quarter revenue grew by more than 30 percent over second quarter revenue as reported in Intelligent Optical Network Hardware, Infonetics Research`s quarterly worldwide market share and forecast service. In comparison, the total worldwide revenue for the third quarter 2001 long-haul optical switch market was approximately $161 million, an increase of 20 percent over second quarter 2001 totals of approximately $134 million.

The forecast also reported that Tellium has 25 percent of third quarter 2001 revenue market share in the long-haul optical switch market.

``Our market share and forecast service tracks the leading companies in the intelligent optical networking hardware arena,`` said Michael Howard, Infonetics Research principal analyst and co-founder. ``Among all long-haul optical switch makers, Tellium is a strong second based on their third quarter revenue, following Ciena.``

Since the fourth quarter of 2000, Infonetics Research has been providing the industry with its Intelligent Optical Network Hardware forecast. According to Howard, over the past four consecutive quarters, Tellium has been among the leaders consistently gaining revenues and capturing market share.

``Infonetics Research further validates Tellium`s position in the industry,`` said Harry Carr, Tellium`s chairman and chief executive officer. ``We`re pleased once again to be recognized as a company capturing market share.``

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in-service, intelligent optical switches, Tellium`s Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective evolutionary path to next-generation public networks. More information is available at www.tellium.com.

Tellium® ... smarter, faster optical networks.(TM)

This press release contains forward-looking statements based on current expectations, forecasts and assumptions of the Company that involve risks and uncertainties. Forward-looking statements in this release, including, but not limited to Tellium`s leadership position in the industry, are based on information available to the Company as of the date hereof. Forward looking statements are subject to risks and uncertainties associated with the Company`s business that could cause actual results to vary materially from those stated or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, economic, customer, key employee, competitive, technological and vendor factors affecting the Company`s growth, operations, markets, products, services and other factors and other risks and uncertainties discussed in the Company`s filings with the Securities and Exchange Commission, particularly the ``Risk Factors`` section of the Registration Statement on Form S-1 filed on July 24, 2001. Forward- looking statements include statements regarding the Company`s current expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as ``anticipate``, ``believe``, ``could``, ``estimate``, ``intend``, ``may``, ``should``, ``will``, ``would``, ``projects``, ``expects``, ``plans``, or other similar words. The Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. Tellium, the Tellium logo, ``Smarter, Faster Optical Networks``, ``a Brilliant Reality``, Aurora, Aurora 32, Aurora Optical Switch, Aurora 128, Aurora Full-Spectrum, StarNet Software Suite, StarNet Operating System, StarNet OS, StarNet Wavelength Management System, StarNet WMS, StarNet Planner, StarNet Modeler, StarNet Design Tools and others are trademarks or registered trademarks of Tellium, Inc. in the United States and/or other countries. Other marks are the properties of their respective owners.


Media Contact:
Mike Deshaies Tom Topalian
Director, Corporate Communications Sr. Manager, Media Relations
Tel: [phone] Tel: [phone]
Mobile: [phone] Mobile: [phone]
Email: [e-mail] Email: [e-mail]

SOURCE: Tellium

[INXS]

Thursday December 20, 5:44 pm Eastern Time
Tellium reconfirms outlook for quarter and 2002
OCEANPORT, N.J., Dec 20 (Reuters) - Telecommunications network equipment provider Tellium Inc.(NasdaqNM:TELM - news) reconfirmed on Thursday its sales forecast for the fourth quarter and 2002 but said it might not meet expectations of announcing a new customer this year.

The maker of intelligent core optical switches said it still expected revenue of $44 million to $49 million in the fourth quarter and $288 million for 2002.

However, the Oceanport, New Jersey-based company said it might not announce a new customer by the end of the year, as it had expected.

[FockeWulf190D]

he Panik,was ist aus deiner Sonus Networks und Oni Systems
geworden????

Du berichtest ja gar nicht mehr

[optical]

7:51AM Tellium (TELM) 6.56: Lightreading.com reports that rumors are circulating on Wall Street that TELM is close to finally signing its new mystery customer Deutsche Telekom (DT). The two have supposedly been in discussions for several months, according to sources close to both sides. When asked about the rumor yesterday a company spokesperson stated: "We are not announcing a new customer imminently." According to the article, sources put the value of the deal at about $50 mln, considerably less than previous predictions of $100-$200 mln. In Dec, Briefing.com reported a brokerage firm downgrade that was partly based on concerns that the rumored Deutsche Telekom contract had been pushed back to 2002.

[INXS]

Tellium Selects Electronics Manufacturing Services Provider Jabil Circuit to Provide Turnkey Services
OCEANPORT, N.J., Jan. 28 /PRNewswire-FirstCall/ -- Tellium, Inc. (Nasdaq: TELM - news), provider of the world`s first in-service intelligent core optical switch, today announced it selected Jabil Circuit, Inc. (NYSE: JBL - news), an electronics manufacturing services (EMS) provider, to assemble circuit board and sub-assemblies for Tellium`s Aurora(TM) family of core optical switches.

Jabil will provide Tellium with full turnkey manufacturing services for the assembly and testing of circuit boards and sub-assemblies used in Tellium`s optical switching systems. Jabil will also support Tellium with all aspects of procurement, supply chain management, manufacturing, and test process development. The two companies expect to complete a detailed agreement shortly.

``We are pleased to establish this relationship with Jabil based upon their extensive experience in the manufacturing and distribution of sophisticated telecommunications products,`` said Ralph Rondinone, Tellium`s vice president of operations. ``Jabil has consistently demonstrated the ability to ramp products in an accelerated and demanding environment. After careful evaluation, we are confident that Jabil will help continue to ensure our customers receive the highest quality optical networking equipment available.``

``We are pleased to be working with Tellium,`` said Jabil`s Sr. Vice President of business development Mark Mondello. ``Tellium`s technology and operational model align well with Jabil`s capabilities. We clearly understand their product requirements and are well positioned to support the growth of their business. Our operational and supply chain solutions will assist Tellium in delivering a better, faster and more cost-effective product to the marketplace.``

Tellium`s Aurora family of optical switches and the StarNet Software Suite(TM), deliver highly reliable, intelligent optical switching to the core of the network. With its OpenOptics(TM) architecture, superior hardware reliability, and carrier-grade software intelligence, Tellium delivers a best- of-breed solution. The Aurora family of optical switches enables carriers to provide differentiated, next-generation optical services in seconds, with just a point and click. Networks built on Tellium`s products accelerate top-line revenue while dramatically reducing the cost of providing services.

About Jabil Circuit

Jabil Circuit, Inc. is an electronic manufacturing services provider for international electronics companies in the automotive, computing and storage, consumer, instrumentation and medical, networking, peripheral and telecommunications markets. Jabil offers circuit design, board design from schematic, prototype assembly, volume board assembly, system assembly, repair and warranty services from facilities in the Americas, Europe and Asia. Further information about Jabil can be found on the World Wide Web at http://www.jabil.com.

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions, that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in-service, intelligent optical switches, Tellium`s Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective evolutionary path to next-generation public networks. More information is available at www.tellium.com.

Tellium® ... smarter, faster optical networks.(TM)

Certain matters discussed in this press release are ``forward-looking statements`` within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements describe the Company`s future plans, objectives or goals. These forward- looking statements include statements relating to Tellium`s ability to (1) enter into an agreement to receive electronics manufacturing services and (2) deliver better, faster and more cost-effective products to the marketplace.

These forward-looking statements involve risks and uncertainties which could cause actual results to differ materially including, without limitation, (1) the Company`s inability to reach commercially-acceptable contract terms with Jabil, (2) the failure of the Company to predict manufacturing and component requirements accurately, (3) difficulty in obtaining optical components used in the Company`s products, (4) disruption in the Company`s manufacturing relationships, (5) the Company`s inability to obtain key components from other than single or limited sources, (6) errors or defects in the Company`s products found only after full deployment in a customer`s network, (7) the inability of the Company`s products to operate within customer networks, (8) the failure of the Company`s products to meet industry standards that may emerge, and (9) the failure of the Company to develop new and enhanced products.

Other factors which could materially affect such forward-looking statements can be found in the Company`s filings with the Securities and Exchange Commission, including the ``Risk Factors`` section of the Registration Statement on Form S-1 initially filed on July 24, 2001 and in the Company`s periodic reports on Form 10-Q. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements in this press release are only made as of this date, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Tellium, the Tellium logo, ``Smarter, Faster Optical Networks``, ``a Brilliant Reality``, Aurora, Aurora 32, Aurora Optical Switch, Aurora 128, Aurora Full-Spectrum, StarNet Software Suite, StarNet Operating System, OpenOptics, StarNet OS, StarNet Wavelength Management System, StarNet WMS, StarNet Planner, StarNet Modeler, StarNet Design Tools and others are trademarks or registered trademarks of Tellium, Inc. in the United States and/or other countries. Other marks are the properties of their respective owners.


Media Contacts:
Tom Topalian Mike Deshaies
Tellium Tellium
Tel: [phone] Tel: [phone]
Mobile: [phone] Mobile: [phone]
[e-mail] [e-mail]

SOURCE: Tellium, Inc.

[optical]

Thursday January 31, 4:15 pm Eastern Time
Tellium posts profit instead of expected loss
OCEANPORT, N.J., Jan 31 (Reuters) - Networking company Tellium (NasdaqNM:TELM - news) on Thursday posted a fourth-quarter profit instead of the loss Wall Street expected.

The Oceanport, New Jersey-based company said its profit for the quarter was $1.7 million, or 1 cent a share, compared with a loss of $7.4 million, or a loss of 6 cents a share, in the third quarter. It did not provide year-ago comparisons as it launched its initial public offering last May.

Analysts had expected a loss of 4 cents a share, with loss estimates ranging from 2 cents to 4 cents, according to Thomson Financial/First Call.

Revenues for the quarter rose 25 percent from the third quarter to $50.2 million.

Tellium last month repeated that it expects to report fourth-quarter revenues between $44 million and $49 million.

[carllito]

Habe am Freitag gekauft,und werde auch am Montag kaufen.


Diese Aktie ist so was von unterbewertet das gibt es gar nicht!


Hier sind sichere 100%




Mfg

[FockeWulf190De]

Das hab ich auch gedacht und bin am Freitag fett rein

Danach ging es runter

Und über 75 % sind short !!!

[Ariminios]

Habt Ihr schonmal auf den balance sheet geguckt? Tellium ist ein BLOATED PIG.

[carllito]

@Ariminos

Da liegst du aber gewaltig falsch!


laß uns in in einem Monat dartüber reden!


Ich sage hier sind mind 100%!!!
Schau dir die Quartalszahlen an!!!


@fockewulf190de

In einem Monat freust du dich darüber!!!





Mfg

[Luisito]

Tellium ist nur deshalb unter Druck, da zwei Aufträge bei 2 größeren Energieversorger durchgeführt wurden sind. Nach dem Enronskandal befürchtet man Zahlungsausfälle von diesen 2 Aufträgen. Sollte sich die Lage beruhigen und die Versorger begleichen die Rechnungen, sind über 100% locker drin!!!

[FockeWulf190De]

Nun wird Tellium schon zu Last gelegt, dass der Gewinn nur Pro Forma war


Alles krank. Dafür wird dann K- Mart hochgezogen

[Luisito]

Wäre Tellium auf diesem Kursniveau ein Kauf wert? Oder stehen sie kurz vor der Pleite?

[FockeWulf190De]

EIN WITZ !!!!

Tellium ist unter Druck, weil der CEO Harry CARR ein ARSCHLOCH ist, der Anleger bescheisst . So lautet eindeutig das URTEIL in den Staaten über ihn.
Die Finanzwelt verachtet ihn und seine Firma.
Kursziel 0 !

Schon letztes Jahr im Oktober , verkündete er lauthals einen neuen KUNDEN , bis heute nichts...

Viel mehr bleibt zu befürchten , dass die restliche Kunden
stark kürzen .


AT&T ist abgesprungen und ist nun bei Ciena

Chapter 11 is coming !!!! STRONG SELL !!!.

Habe keine Firma gesehen , die seit dem IPO so schnell weg ist. Der Chart ist so überverkauft, dass es zu Himmel schreit, dennoch wird weiter verkauft.

[Luisito]

Verstehe nicht ganz, wieso Arschloch. Unter Nasdaq habe ich den letzte Quartalsbericht durchgelesen. Nicht schlecht. Umsatz für Q1 50Mio U$. Börsenwert ca. 300 Mio. Ein ganzklarer Übernahmekanditat. 2 Zahlungsausfälle könnten vielleicht wirklich das Problem von Tellium sein, das Sie chapter 11 beantragen müssen, oder wissen ein paar mehr als die Allgemeinheit? Anyway, diese Woche kommen die Durable Goods. Hier wird es eine Überraschung im Bereich Netzwerkausrüstung geben(positiv). Das könnte dann ein starker Move nach oben geben. Nach dem Absturz würde Tellium überdurchschnittlich profitieren.
Wird aber Tellium längerfristig überleben und eine zweite Cisco werden?

[FockeWulf190De]

Schau auf den Chart. mannsives Insiderselling. Wir betrachten den Stock schon seit Monaten.

CFO hat im Februar massiv Aktien verkauft,warum auch immer.

Quartalsbericht war gut, aber nur Pro forma, wer weiss, was da reingerechtnet wurde.

CEO Carr genehmigt sich ein Verdienst von 90 Mill $
hat keine neuen Aufträge an Land gezogen, im Gegenteil, potente Aufträge verloren.

Telm ist wie Corv !

Der Börsenwert liegt mitlerweile weit unter 300 Mill, nun sogar unter Cashwert.

Sagen wir so viel, irgendetwas Korruptes läuft da ab.
Telm ist sehr riskant.

Aber eins ist fakt !!! Sollte ein neuer Abnehmer vermeldet werden, geht es hier 3 stellig nach oben !
Kein Wert der nasdaq ist höher geshortet !

Alle Welt redet bei telm von Übernahme, schon ab Kursen zu 9 $ , ich glaube nicht daran.

Entweder Montag geht es nach oben oder TELM IST TOD !!

Telm hat die beste Technologie mit den grössten Margen, dennoch implodiert der Kurs. Kursziele betragen zwischen 7 und 12 $


Telm hat keine Lobby an der Nasdaq , selbst treuste Aktionäre verkaufen ihre Shares und shorten .

Der Ceo hat die Schätzungen wiederholt angehoben und bestätigt. Der Netzwerksektor seit Anfang februar 30,3 %
gefallen , tellium um 64.5 %, trotz genialster Quartalszahlen und sonstigem faulen BUDENZAUBER vom CEO
HARRY CARR.

Tellium hat keine Schulden sondern Cash in Höhe des Atienkurses.Der Buchwert liegt bei rund 4 $

CIENA macht Verluste über Verluste und ist hoch verschuldet.

Verstehen kann Telm keiner.Aber das wissen wir hier schon sehr lange. Man kann hier nur traden und das machen wir,

kein Analyst kann Carr leiden !

[carllito]

Tellium Announces Major Upgrade to StarNet Software Suite(TM) and Aurora(TM) Family of Optical Switches
Software provides resilient shared mesh protection times as fast as SONET/SDH rings
OCEANPORT, N.J., March 11 /PRNewswire-FirstCall/ -- Tellium (Nasdaq: TELM - news) today announced the availability of the newest release of its carrier-class StarNet Software Suite for optical networking. By providing resilient shared mesh restoration times equal to that of today`s SONET/SDH rings, but without the 100 percent capacity overbuild, this new generation of software enables carriers to offer their customers mission critical protection never before possible.

Tellium has already shipped all components of the software suite -- StarNet Operating System(TM), StarNet Wavelength Management System(TM), and StarNet Design Tools(TM) -- and has installed the release in the labs of several trial customers.

``We are the only company delivering true resilient shared mesh today. With this release we have reached another significant milestone in the optical networking industry,`` said Harry Carr, Tellium`s chairman and CEO. ``We are now the only company able to provide resilient shared mesh restoration times that match that of SONET/SDH rings without the fully redundant overbuild.``

Tellium`s StarNet software supports new routing options and works with the company`s Aurora family of wavelength optical switches to once again improve upon the fastest and most reliable resilient shared mesh restoration available today.

``Tellium`s StarNet Software Suite simplifies the process of planning optical mesh networks, optimizing bandwidth efficiency and network performance, and automating the deployment of new, revenue-generating optical services,`` said Chris Nicoll, vice president, Telecomm Infrastructure, Current Analysis. ``Tellium has clearly focused on carrier requirements for reliable, usable software to design and manage optical networks.``

StarNet Operating System

Using distributed network intelligence, the StarNet Operating System supports ring-like restoration performance across linear, ring and mesh topologies. Tellium`s ability to support different classes of protection services across various topologies is unmatched in the optical switch industry today.

StarNet Wavelength Management System

Major enhancements to the StarNet Software Suite improve upon the carrier- grade strength of its StarNet Wavelength Management System (WMS). The upgraded StarNet WMS supports improved scalability and increased availability through a geographically redundant configuration option. This option is in addition to the high availability (local redundancy) solution that was available previously. Additionally, the StarNet WMS supports the latest TMF interoperability standard -- CORBA TMF 513/814 Northbound interface -- for seamless full-scale interoperability and integration into existing OSSs/NMSs.

The management system expands upon the product`s existing data-centric routing capabilities and ``transparent wavelength`` services that offers carriers greater flexibility in deploying new services. The suite also supports the ability to migrate lightpath protection type without impacting service, which helps carriers migrate from fully redundant ring architectures to more cost-effective resilient shared mesh architectures.

StarNet Design Tools

Tellium`s StarNet Design Tools now have the ability to model and evaluate network performance during multiple failure scenarios. This new release improves the ability to download real-time network information for incremental network planning and performance modeling. Both tools further help carriers to reduce their capital and operating expenditures, while validating optical mesh network performance prior to deployment.

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions, that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in- service, intelligent optical switches, Tellium`s Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective evolutionary path to next-generation public networks. More information is available at www.tellium.com.

Tellium® ... smarter, faster optical networks.(TM)

Statements contained in this press release about Tellium`s ability to deliver better, faster and more cost-effective products to the marketplace, and all other statements that are not purely historical, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ materially from those indicated by these forward-looking statements. Factors that may cause or contribute to such differences include, without limitation, (1) errors or defects in the Company`s products found only after full deployment in a customer`s network, (2) the inability of the Company`s products to operate within customer networks, (3) the failure of the Company`s products to meet industry standards that may emerge, and (4) the failure of the Company to develop new and enhanced products. Other factors which could materially affect such forward-looking statements can be found in the Company`s filings with the Securities and Exchange Commission, including the ``Risk Factors`` section of the Registration Statement on Form S-1 initially filed on July 24, 2001 and in the Company`s periodic reports on Form 10-Q, which are on file with the SEC. The forward-looking statements in this press release are only made as of this date, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.


Media Contacts:
Tom Troncone Tom Topalian
Tellium Tellium
Tel: [phone] Tel: [phone]
Mobile: [phone] Mobile: [phone]
[e-mail] [e-mail]

SOURCE: Tellium

[serena]

Tellium Launches Industry`s Broadest Portfolio of Optical Services to Help Carriers Dramatically Increase Revenue and Improve Profitability
OCEANPORT, N.J., March 18 /PRNewswire/ -- Tellium (Nasdaq: TELM - news) today announced the launch of StarNet(TM)Optical Services, the optical networking industry`s most diverse portfolio of customizable wavelength services. StarNet Optical Services can enable carriers to increase profits by quickly and cost- effectively deploying a wide array of revenue-generating services.

The optical services, enabled by the newest generation of Tellium`s StarNet(TM) Software Suite, include tiered protection services, automatic re- provisioning, transparent services, and flexible route diversity. All of the StarNet Optical Services are available for deployment today.

``We are the only provider of true resilient shared mesh capabilities with restoration times as good as traditional rings,`` said Harry Carr, Tellium`s chairman and CEO. ``Now, with the launch of our StarNet Optical Services, we are delivering the tools carriers need to improve margins by reducing capital and operating expenses while increasing revenue.``

StarNet Optical Services can enable carriers to clearly differentiate their service offerings from that of their competitors, providing the opportunity to gain first-mover advantage in the burgeoning optical wavelength services market.

``The wavelength services market, projected to reach $8 billion by 2005, is a huge revenue opportunity for carriers looking to differentiate their service portfolios,`` said Nancee Ruzicka of the Yankee Group, a telecommunications market research company. ``Tellium`s StarNet Optical Services will allow carriers to take advantage of this great new revenue opportunity.`` StarNet Optical Services

Classes of Protection Service

While traditional ring and DWDM networks support only two levels of protection, StarNet Optical Services enable carriers deploying a Tellium- powered resilient shared mesh network to offer their customers multi-tiered levels of protection. Protection levels include shared, dedicated, unprotected or pre-emptible. By deploying optical services over a mesh architecture, carriers can meet current network availability service level agreements (SLAs) at a significantly lower cost.

Automatic Re-Provisioning

Tellium-powered networks can automatically re-provision secondary failures in real-time, allowing carriers to meet strict circuit outage duration requirements. This reduces the operational activities and costs associated with manually re-provisioning backup paths.

Transparent Services

Tellium`s Aurora optical switches support transparent services, which are provisioned on a per-lightpath basis. Carriers can now sell transparent ``leased lambda`` services to other carriers and enterprises for applications such as capacity upgrades, network expansion, and interconnectivity between metro, multi-vendor, and ring networks. StarNet Optical Services supports non- intrusive performance monitoring, allowing carriers to monitor their transparent wavelengths for SLA purposes.

Flexible Route Diversity

Tellium`s StarNet Optical Services gives carriers the flexibility to configure wavelength routing based on specific customer SLA requirements. By tailoring route-diversity options, carriers can offer their customers the value-added service differentiation provided by multiple levels of SLA support.

Previously, carrier customers had to purchase capacity for a given route from multiple service providers to guarantee diverse routing. With StarNet Optical Services, carriers can capture additional business from their installed customers by providing a single-carrier solution.

OFC Demo

Tellium will demonstrate its StarNet Optical Services portfolio in its booth at the Optical Fiber Communication (OFC) conference, Booth # 3113, at the Anaheim Convention Center, Anaheim, Calif., March 19-21, 2002.

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions, that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in- service, intelligent optical switches, Tellium`s Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective evolutionary path to next-generation public networks. More information is available at www.tellium.com.

Tellium® ... smarter, faster optical networks.(TM)

Statements contained in this press release about Tellium`s ability to help carriers generate and increase revenue; to help carriers lower capital and operating expenses; to help carriers increase or differentiate their product offerings; to help carriers` position in the marketplace; and to deliver better, faster and more cost-effective products to the marketplace, and all other statements that are not purely historical, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ materially from those indicated by these forward-looking statements. Factors that may cause or contribute to such differences include, without limitation, (1) the failure of the optical switching market to develop as the Company expects, (2) the Company`s inability to increase market awareness and sales of its products, (3) economic recession or downturn, (4) errors or defects in the Company`s products found only after full deployment in a customer`s network, (5) the inability of the Company`s products to operate within customer networks, (6) the failure of the Company`s products to meet industry standards that may emerge, (7) the Company`s inability to comply with government regulation, and (8) the failure of the Company to develop new and enhanced products. Other factors which could materially affect such forward-looking statements can be found in the Company`s filings with the Securities and Exchange Commission, including the ``Risk Factors`` section of the Registration Statement on Form S-1 initially filed on July 24, 2001 and in the Company`s periodic reports on Form 10-Q, which are on file with the SEC. The forward- looking statements in this press release are only made as of this date, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Tellium, the Tellium logo, Aurora, StarNet Software Suite, StarNet Optical Services and others are trademarks or registered trademarks of Tellium, Inc. in the United States and/or other countries. Other marks are the properties of their respective owners.


Media Contacts:
Tom Troncone Tom Topalian
Tellium Tellium, OFC Booth 3113
Tel: [phone] Tel: [phone]
Mobile: [phone] Mobile: [phone]
[e-mail] [e-mail]

SOURCE: Tellium

[serena]

TeleChoice Study Shows Wavelength Optical Switches Improve Business Case for Large Carrier Core Networks
Tellium`s Aurora(TM) Family of Optical Switches Cut Carriers` Capital and Operating Expenses by Nearly 70 Percent
OCEANPORT, N.J., March 18 /PRNewswire-FirstCall/-- Initial findings of a carrier core networking study developed by TeleChoice, Inc., a leading telecommunications consulting firm, show that an optical mesh architecture using wavelength-grooming core switches can offer significant capital and operational cost savings to carriers operating large nationwide networks.

The in-depth financial analysis, which compared SONET/SDH ring architectures to a meshed switching and transport network architecture for a nationwide carrier network, found that the meshed network based on Tellium`s Aurora(TM) family of optical switches offers the best business case. Savings up to 36 percent of capital expenses and operating expenses were found compared to STS-1 optical switches used in the core of the network. The savings are even higher, up to 67 percent, when compared to next-generation SONET/SDH ring networks. The optically switched network had a payback period of under two years and had a 348 percent return on capital invested, compared with a payback period of nearly three years or more and a 19 percent return on capital invested for the other scenarios.

``After comparing four different optical switching and transport architectures for a top-tier, nationwide carrier network, our findings show that the largest cost savings were provided by an optical mesh core network architecture with 2.5 gigabits-per-second (Gbps) grooming wavelength switches,`` said Beth Gage, vice president of consulting, TeleChoice. ``Additional 24 to 36 percent cost savings for large, dispersed, high growth networks can be realized by using STS-48 core grooming as compared with networks supported by only STS-1 optical switches.``

The carrier network that was analyzed was defined as a basic long-haul nationwide backbone similar to those in place in top-tier carrier networks. For each network configuration, the same demand-set was assumed in order to highlight the differences between capital costs required to support the circuit demand and the operational expenses of the network. Network designs for all scenarios were accomplished using a third party design tool and the StarNet(TM) Planner, which is part of Tellium`s (Nasdaq: TELM - news) latest carrier- grade StarNet(TM) Software Suite. In each combination studied, the optical mesh architecture with 2.5 Gbps core grooming conferred the best financial results over a three-year period.

``We approached TeleChoice looking for third-party endorsement of our own test results,`` said Grace Carr, Tellium`s vice president of marketing. ``We are delighted that TeleChoice`s findings show even greater cost savings than we estimated with our own internal testing.``

Christine Heckart, president of TeleChoice, will discuss the study in greater detail during Tellium`s first Optical Exchange, a free, interactive web seminar, on March 27 at 1:00 p.m., EST. For more information or to register for the first Optical Exchange, ``Architectural Choices for Core Optical Networks: A Carrier Economics Perspective,`` please visit www.tellium.com/webseminars. Tellium will also discuss the study at the Optical Fiber Communication (OFC) conference in booth # 3113, at the Anaheim Convention Center, Anaheim, Calif., March 19-21, 2002. To request copies of the TeleChoice study, visit Tellium`s website after April 5.

About Tellium:

Tellium delivers high-speed, high-capacity, intelligent core optical solutions, that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in- service, intelligent optical switches, Tellium`s Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective evolutionary path to next-generation public networks. More information is available at www.tellium.com.

Tellium® ... smarter, faster optical networks.(TM)

About TeleChoice, Inc.:

TeleChoice, Inc. is the strategic catalyst for the telecom industry. TeleChoice helps telecom businesses crystallize their strategy and value proposition and accelerate their entry into new markets. Since it was founded in 1985, TeleChoice has developed winning business and marketing strategies for scores of successful public and startup companies. More information on TeleChoice is available at http://www.telechoice.com.

Statements contained in this press release about Tellium`s ability to help carriers lower capital and operating expenses, to deliver better, faster and more cost-effective products to the marketplace, to host future web seminars and all other statements that are not purely historical, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ materially from those indicated by these forward-looking statements. Factors that may cause or contribute to such differences include, without limitation, (1) the failure of the optical switching market to develop as the Company expects, (2) the Company`s inability to increase market awareness and sales of its products, (3) economic recession or downturn, (4) errors or defects in the Company`s products found only after full deployment in a customer`s network, (5) the inability of the Company`s products to operate within customer networks, (6) the failure of the Company`s products to meet industry standards that may emerge, (7) the Company`s inability to comply with government regulation, and (8) the failure of the Company to develop new and enhanced products. Other factors which could materially affect such forward-looking statements can be found in the Company`s filings with the Securities and Exchange Commission, including the ``Risk Factors`` section of the Registration Statement on Form S-1 initially filed on July 24, 2001 and in the Company`s periodic reports on Form 10-Q, which are on file with the SEC. The forward- looking statements in this press release are only made as of this date, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Tellium, the Tellium logo, Aurora, StarNet Software Suite, StarNet Planner and others are trademarks or registered trademarks of Tellium, Inc. in the United States and/or other countries. Other marks are the properties of their respective owners.


Media Contacts:

Tom Topalian Mike Deshaies
Tellium Tellium
Tel: [phone] Tel: [phone]
Mobile: [phone] Mobile: [phone]
[e-mail] [e-mail]

Beth Gage Sandy Daniels
Vice President of Consulting Client Communications Manager
TeleChoice TeleChoice
Tel: [phone] Tel: [phone] ext. 13
[e-mail] [e-mail]

SOURCE: Tellium

[serena]

Lockheed Martin Selects Tellium For Optical Switching
OCEANPORT, N.J.--(BUSINESS WIRE)--April 24, 2002--Tellium (Nasdaq: TELM - news), provider of the world`s first in-service intelligent core optical switch, today announced a multiyear, multimillion dollar agreement with Lockheed Martin Corporation (NYSE: LMT - news), the aeronautics and technology systems integrator. Terms of the agreement were not disclosed.

Lockheed Martin has agreed to purchase Tellium`s Aurora(TM) and StarNet(TM) products in support of a U.S. government communications network. Lockheed Martin`s Management and Data Systems division will begin testing Tellium`s Aurora wavelength optical switches for deployment in the second quarter of 2002. The agreement also includes a multiyear maintenance provision whereby Tellium will provide Lockheed Martin on-going technical support of their optical switches.

``Lockheed Martin approached us with a highly specialized application, and we were pleased that our products met their specific customized needs,`` said Harry Carr, Tellium`s chairman and chief executive officer. ``We are also pleased to include another global technology leader such as Lockheed Martin as a Tellium customer. Lockheed Martin`s choice of Tellium is yet another validation of our value proposition which enables our customers to significantly cut their capital and operating costs, while at the same time deliver the network speed and reliability their customers require.``

Tellium`s best-of-breed, high-capacity, core grooming Aurora family of optical switches empowers customers around the world to create, run, control, and optimize their networks.

Supported by the StarNet Software Suite, the in-service Aurora family of optical switches is fast, highly scalable, and extremely reliable. In addition, Tellium`s architecture maximizes network profitability, interoperability, and throughput.

About Lockheed Martin

Lockheed Martin is a global enterprise principally engaged in the research, design, development, manufacturer and integration of advanced technology systems, products and services. The Corporation`s core businesses are systems integration, space, aeronautics and technology services. Web site at www.lockheedmartin.com.

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions, that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in-service, intelligent optical switches, Tellium`s Aurora Optical Switch family and the StarNet Software Suite together offer service providers a simple and cost-effective evolutionary path to next-generation public networks. More information is available at www.tellium.com.

Tellium®...smarter, faster optical networks.(TM)

Statements contained in this press release about Tellium`s ability to help carriers meet their specific customized needs; to include global technology leaders as Tellium customers; to help customers lower capital and operating costs; to deliver faster and more reliable products to the marketplace; and all other statements that are not purely historical, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ materially from those indicated by these forward-looking statements. Factors that may cause or contribute to such differences include, without limitation, (1) the failure of the optical switching market to develop as the Company expects, (2) the Company`s inability to increase market awareness and sales of its products, (3) economic recession or downturn, (4) errors or defects in the Company`s products found only after full deployment in a customer`s network, (5) the inability of the Company`s products to operate within customer networks, (6) the failure of the Company`s products to meet industry standards that may emerge, (7) the Company`s inability to comply with government regulation, and (8) the failure of the Company to develop new and enhanced products. Other factors which could materially affect such forward-looking statements can be found in the Company`s filings with the Securities and Exchange Commission, including the ``Risk Factors`` section of the Registration Statement on Form S-1 initially filed on July 24, 2001 and in the Company`s annual report on Form 10-K, which are on file with the SEC. The forward-looking statements in this press release are only made as of this date, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. All trademarks and other marks are the property of their respective owner.



--------------------------------------------------------------------------------
Contact:

Tellium
Media Contact
Mike Deshaies, 732-923-4160
[e-mail]
or
Tellium
Investors
Jenniffer Collins, [phone]
[e-mail]

[mumienBULLE]

NEC and Tellium Introduce Industry`s First Commercially Available Multi-Vendor Integrated Transport-Switch
Integrated Wavelength Transport Switch Offers Carriers Reduced Expenses, Power Consumption and Footprint
TOKYO and OCEANPORT, N.J.--(BUSINESS WIRE)--May 21, 2002-- NEC Corp. (Nasdaq: NIPNY - News) and Tellium (Nasdaq: TELM - News), today announced they have jointly developed the industry`s first commercially available multi-vendor integrated transport-switch designed to simplify optical wavelength networks by eliminating redundant electronic components.

This integrated system enables carriers to save significantly on capital and operating expenses, power consumption and floor space compared with traditional multiple-vendor equipment.

The system combines Tellium`s Aurora(TM) product platforms of optical switches and the StarNet(TM) Wavelength Management System (WMS), with NEC`s SpectralWave® DWDM systems and SpectralWave Network Management System (NMS). Combining proven leading technology, this first multi-vendor system integrates a transceiver from Tellium with a dense wavelength division multiplexing (DWDM) transponder from NEC, creating an ITU-compliant DWDM optical wavelength transport-switch. A transponder is a transmit/receive subsystem used in converting light signals into electrical signals and back to light again in optical communication systems.

Together, these products offer carriers one of the highest capacity, most reliable and cost-effective mesh networking solutions on the market today. The Tellium/NEC transport-switch features a 50 percent smaller footprint, which translates to six instead of 12 bays of equipment, requiring less than half the power as compared with traditional equipment from multiple vendors. As a result, service providers can experience significant savings on capital expenses for each 10-Gigabit interface, improving overall carrier economics.

"We are pleased to be able to demonstrate our integrated solution just a year after announcing our joint marketing and development agreement," said Botaro Hirosaki, Associate Senior Vice President and Executive General Manager, NEC Corporation. "By using the Tellium/NEC transport-switch, our global carrier customers experience a dramatically reduced total cost of ownership, with savings in both capital expenses and power consumption. Moreover, their operations and network management staff experience significant time savings thanks to a simplified network interface."

The Tellium/NEC transport-switch integrates proven technology from both companies supporting seamless end-to-end management of the network from a single user-friendly graphical user interface. The integration is performed via a standard TMF 513/814 northbound interface from the Tellium WMS to the NEC SpectralWave NMS.

"As leaders in the telecommunications space, NEC and Tellium are working together to provide carriers an evolutionary path that provides real and measurable benefits immediately," said Harry Carr, Tellium`s chairman and chief executive officer. "By combining our best-of-breed products, our carrier customers have yet another way to save significantly on capital and operating expenses."

"The Tellium and NEC system is the industry`s first available multi-vendor integrated optical transport and switching system," said Dana Cooperson, Director of Optical Networking at RHK, Inc. "Carriers need to save on capital and operating expenses and are challenging vendors for creative solutions. Tellium and NEC are leading the multi-vendor effort to cut costs through network element integration."

General availability for the multi-vendor transport-switch is expected in the third quarter of 2002. Tellium will host a live demonstration using Tellium`s Aurora 128 and NEC`s SpectralWave at the SUPERCOMM 2002 exhibition, June 4-6, Georgia World Congress Center, Atlanta, Georgia, in Tellium`s booths, # 32116 and 31916.

The SpectralWave family is NEC`s ultra-dense DWDM system. It supports up to 160 2.5G and 10G wavelengths on a single fiber. The system`s advanced feature set includes 4:1 multiplexing to carry four OC-48/STS-16 signals to be carried on a single 10G wavelength, resulting in a maximum channel capacity of 640 OC-48/STS-16 channels.

Tellium`s Aurora Optical Switch offers carriers the flexibility of supporting up to 512 OC-48/STM-16 ports or 128 OC-192/STM-64 ports to a total of 1.28 Terabits-per-second (Tb/s) bi-directional traffic. The switches operate in conjunction with Tellium`s recently upgraded StarNet(TM) Software Suite, a versatile software package for creating, optimizing, running, controlling and provisioning optical networks.

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions, that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in-service, intelligent optical switches, Tellium`s Aurora Optical Switch family and the StarNet Software Suite together offer service providers a simple and cost-effective migration path to next-generation public networks. More information is available at www.tellium.com.

Tellium®...smarter, faster optical networks.(TM)

About NEC Corporation

NEC Corporation (NASDAQ: NIPNY - News; FTSE: 6701q.1) is one of the world`s leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. Ranked as one of the world`s top patent-producing companies, NEC delivers tailored solutions in the key fields of computer, networking and electron devices, through its three market-focused, in-house companies: NEC Solutions, NEC Networks and NEC Electron Devices. NEC Corporation employs more than 140,000 people worldwide and had net sales of approximately $39 billion in the fiscal year ended March 2002. For additional information, please visit the NEC home page at: http://www.nec.com.

Statements contained in this press release about Tellium`s ability to help carriers deliver better, faster and more cost-effective products to the marketplace, and all other statements that are not purely historical, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ materially from those indicated by these forward-looking statements. Factors that may cause or contribute to such differences include, without limitation, (1) the failure of the optical switching market to develop as the Company expects, (2) the Company`s inability to increase market awareness and sales of its products, (3) economic recession or downturn, (4) errors or defects in the Company`s products found only after full deployment in a customer`s network, (5) the inability of the Company`s products to operate within customer networks, (6) the failure of the Company`s products to meet industry standards that may emerge, (7) the Company`s inability to comply with government regulation, and (8) the failure of the Company to develop new and enhanced products. Other factors which could materially affect such forward-looking statements can be found in the Company`s filings with the Securities and Exchange Commission, including the "Risk Factors" section of the annual report on Form 10-K filed on April 1, 2002. The forward-looking statements in this press release are only made as of this date, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

Tellium, the Tellium logo, "Smarter, Faster Optical Networks", "a Brilliant Reality", Aurora, Aurora Optical Switch, Aurora 128, StarNet Software Suite, StarNet Wavelength Management System, StarNet WMS and others are trademarks or registered trademarks of Tellium, Inc. in the United States and/or other countries. Other marks are the properties of their respective owners.



--------------------------------------------------------------------------------
Contact:

Tellium
Tom Topalian, 732/483-2991
Mobile: [phone]
[e-mail]
or
Tellium
Mike Deshaies, 732/923-4160
Mobile: [phone]
[e-mail]
or
NEC Corporation (JAPAN)
Akiko Shikmori, [phone]
[e-mail]
or
NEC America, Inc.
Dave Broecker, 214/262-3460
[e-mail]

[panik]

Tellium Launches Industry`s First Commercially Available Optical Virtual Private Networking Product
StarNet(TM) Optical-VPN enables carriers to leverage their existing infrastructure for greater revenue
OCEANPORT, N.J.--(BUSINESS WIRE)--May 28, 2002-- Tellium (Nasdaq: TELM - News) today announced the world`s first commercially available Optical Virtual Private Network (O-VPN) product, Tellium`s StarNet(TM) Optical-VPN. A new addition to the company`s StarNet Optical Services portfolio, the product lets carriers partition their optical network among multiple customers, offering them the look and feel of a "real" private network.

Carriers purchasing StarNet O-VPN can leverage their existing Tellium infrastructure for increased revenue, while simultaneously lowering their operating expenses. StarNet O-VPN enables carriers to give their customers the management capabilities of a real network without the traditionally large capital outlay, and has the potential to change the way both carriers and their customers operate the network.

"Once again Tellium has demonstrated its leadership in intelligent optical networking by delivering to carriers what they need, a technology that can increase revenue and decrease costs," said Harry Carr, Tellium`s chairman and CEO. "StarNet O-VPN has the potential to be a catalyst in the wavelength services market and a driver for the optical networking industry."

Carriers can deploy Tellium`s StarNet O-VPN as a value-added service that can help clearly differentiate their service offerings from those of their competitors. Additionally, it can help carriers lower their operating costs by sharing with their customers control of network management functions like provisioning, performance monitoring and fault management.

"Tellium`s StarNet Optical-VPN provides benefits to both carriers and their customers. It allows carriers to leverage their existing network to provide a new, premium service that can result in increased revenue," said Chris Nicoll, vice president of Current Analysis, a leading competitive response firm. "The customer self-service capabilities of the product allow carrier customers to receive all of the benefits of owning a private optical network, without the capital and operational expenditures associated with deploying a core network."

Carriers can also deploy Tellium`s StarNet O-VPN internally, whereby individual carrier workgroups "own" a dedicated portion of the total carrier network. These sub-networks are entirely partitioned from one another, offering private, dedicated networks to the various workgroups complete with management and provisioning capabilities. This greater visibility and control allows workgroups to dramatically improve customer response times.

StarNet Optical-VPN, deployed and managed by Tellium`s StarNet Wavelength Management System, operates on existing Tellium infrastructure and requires no new hardware purchases by carriers.

The product is the latest addition to Tellium`s StarNet Optical Services, the optical networking industry`s most diverse portfolio of customizable wavelength services. Other services include tiered protection services, automatic re-provisioning, transparent services, and flexible route diversity. All of the StarNet Optical Services are available for deployment today.

Supercomm Demo

Tellium will demonstrate the StarNet Optical-VPN at the SUPERCOMM 2002 exhibition, June 4-6, Georgia World Congress Center, Atlanta, Ga., in booth #32116.

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions, that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in-service, intelligent optical switches, Tellium`s Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective evolutionary path to next-generation public networks. More information is available at www.tellium.com.

Tellium®...smarter, faster optical networks.(TM)

Statements contained in this press release about Tellium`s ability to help carriers deliver better, faster and more cost-effective products to the marketplace, and all other statements that are not purely historical, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ materially from those indicated by these forward-looking statements. Factors that may cause or contribute to such differences include, without limitation, (1) the failure of the optical switching market to develop as the Company expects, (2) the Company`s inability to increase market awareness and sales of its products, (3) economic recession or downturn, (4) errors or defects in the Company`s products found only after full deployment in a customer`s network, (5) the inability of the Company`s products to operate within customer networks, (6) the failure of the Company`s products to meet industry standards that may emerge, (7) the Company`s inability to comply with government regulation, and (8) the failure of the Company to develop new and enhanced products. Other factors which could materially affect such forward-looking statements can be found in the Company`s filings with the Securities and Exchange Commission, including the "Risk Factors" section of our annual and quarterly reports. The forward-looking statements in this press release are only made as of this date, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. All trademarks and other marks are the properties of their respective owners.



--------------------------------------------------------------------------------
Contact:

Tellium, Oceanport
Media:
Tom Troncone, 732/483-3072
Mobile: [phone]
[e-mail]
Tom Topalian, 732-483-2991
Mobile: [phone]
[e-mail]

[panik]

Tellium Announces Business Restructuring
OCEANPORT, N.J.--(BUSINESS WIRE)--June 24, 2002--Tellium, Inc. (NASDAQ:TELM - News)--

Company to reduce employee headcount by approximately 200 people by end of quarter - reduction from 534 at end of March
Company expects restructuring charges to be approximately $7 to $10 million in the June quarter related to the workforce reduction
Company expects to write off non-cash charges related to asset impairments of up to $165 million
Company to announce option exchange program for remaining employees
Tellium, Inc. (NASDAQ:TELM - News), today announced a business restructuring that will result in a workforce reduction of approximately 200 employees by the end of the month.

The continued deteriorating conditions in the telecommunications industry have contributed to the company`s inability to secure additional customers and have caused current customers` purchases to decline. The company has elected to take the necessary steps to better align ongoing operating costs with industry conditions, which will impact product development efforts and potentially customer contracts. The business restructure will result in a one time restructuring charge of approximately seven million to ten million dollars in the June quarter associated with the workforce reduction. The company expects ongoing quarterly operating costs to be reduced by five million to seven million dollars as a result of the workforce reduction.

In addition, as a result of the same industry conditions, the company is reviewing the current carrying value of certain assets on its balance sheet, including goodwill, intangible assets, deferred warrant charges and inventory related changes. The preliminary results of an independent valuation analysis combined with the company`s in-depth analysis reflect the potential write off of up to $165 million in non-cash charges related to these assets.

"In these turbulent times, we feel it is important to demonstrate to our shareholders and our business partners our commitment to manage our business for the long term - for stability, then growth and a return to profitably. Our actions today will significantly lower our operating costs, and provide a strong financial foundation upon which we can better serve our customers," said Harry Carr, chairman of the board and chief executive officer of Tellium. "While these changes are difficult for the members of the Tellium family, we firmly believe they will enable us to manage our business during this unprecedented period of uncertainty and allow us to maintain our leadership position in the industry."

The company also announced an option exchange program for its remaining employees. The company expects the option exchange and any write down of its non-cash charges related to deferred compensation to take place in the third quarter.

The company also announced that they will provide updated guidance for their second quarter results later this week.

About Tellium

Tellium delivers high-speed, high-capacity, intelligent core optical solutions that empower service providers around the world to create, run, control and optimize their networks. First in the world to provide in-service, intelligent optical switches, Tellium`s Aurora Optical Switch(TM) family and the StarNet Software Suite(TM) together offer service providers a simple and cost-effective migration path to next-generation public networks.

This press release is neither an offer to purchase nor a solicitation of an offer to sell securities of Tellium. Tellium has not yet commenced the option exchange program described in this communication. Upon commencement of the program, Tellium will file with the Securities and Exchange Commission a Schedule TO and related exhibits and documents. Eligible employees of Tellium who are option holders are strongly encouraged and advised to read the Schedule TO and related exhibits and documents when these documents become available, because they will contain important information about the offer. The Schedule TO and related exhibits will be available for free at the Securities and Exchange Commission`s website at http://www.sec.gov and will be delivered without charge to all eligible employees of Tellium. We strongly urge you to read all of these materials carefully and understand the risks before making your decision to participate in the option exchange program. We also strongly encourage you to consult your own tax and financial advisors before making any decision about the program

Certain matters discussed in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current expectations, forecasts and assumptions of the Company that involve risks and uncertainties. Forward-looking statements in this release include, but are not limited to, Tellium`s projected revenue, cash position, financial condition, the amount of restructuring charges, the amount of potential write off in non-cash charges, reduction in operating costs, ability to manage business profitably, ability to meet the challenges of the telecommunications market, ability to attract customers, ability to secure customer purchases, ability to maintain leadership position in the industry, ability to deliver better, faster and more cost-effective products to the marketplace, and all other statements that are not purely historical. These forward-looking statements involve risks and uncertainties which could cause actual results to differ materially including, without limitation, the risk that (1) we continue to incur significant losses in the future; (2) our limited operating history makes forecasting our future revenues and operating results difficult, which impairs our ability to manage our business; (3) we generate substantially all of our revenue from a limited number of customers; (4) we will not attract new customers; (5) customers fail to place expected orders for our products; (6) we are unable to reach commercially-acceptable contract terms with new customers; (7) our revenues and operating results vary significantly from quarter to quarter, causing the price of our common stock to decline; (8) the selling prices of our products declines; (9) significant non-cash charges will affect our future operating results, causing the price of our common stock to decline; (10) general economic conditions or conditions within our industry continue to worsen or improve more slowly than we expect; (11) we experience volatility in our stock price; (12) errors or defects in our products are found only after full deployment in a customer`s network; (13) our products are unable to operate within customer networks; (14) our products fail to meet contract specifications or industry standards that may emerge; (15) the optical switching market fails to develop as we expect; (16) we fail to develop new and enhanced products; (17) we are unable to increase market awareness and sales of our products; (18) we are unable to comply with government regulation; and (19) industry conditions and our workforce reductions could impact product development and existing customer contracts.

These and other factors and other risks and uncertainties are discussed in the Company`s filings with the Securities and Exchange Commission, particularly the "Risk Factors" section of our annual and quarterly reports. The forward-looking statements in this press release are only made as of this date, and the Company assumes no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise.

Tellium, the Tellium logo, "Smarter, Faster Optical Networks", Aurora Optical Switch, StarNet Software Suite, and others are trademarks or registered trademarks of Tellium, Inc. in the United States and/or other countries. Other marks are the properties of their respective owners.

For more information, visit Tellium`s web site at www.tellium.com, or contact:



--------------------------------------------------------------------------------
Contact:

Tellium
Investors
Jenniffer Collins, 732/483-3112
Email: [e-mail]
or
Media
Mike Deshaies, 732/923-4160