Sorrento Networks Corporation (FIBRD) - 500 Beiträge pro Seite

[benefactor [KommA]]

Sorrento Networks Announces Record Third Quarter Orders From Europe

SAN DIEGO, Oct 29, 2002 (BUSINESS WIRE) -- Sorrento Networks Corp. (NasdaqNM:FIBR) (NasdaqNM:FIBRD), a leading provider of metro and regional optical networking solutions, announced today that its European operations have received orders exceeding $5.5 million -- the highest quarterly total in the company`s history -- during its fiscal third quarter scheduled to end on Oct. 31, 2002.

A conference call to discuss third quarter revenue and earnings will be announced at a later date.

"Strong sales activity, in both Europe and North America, over the past six months is now translating into orders and we expect to enter the fourth quarter with a healthy backlog," said Phil Arneson, Sorrento Networks` chairman and CEO.

Manfred Seehagen, Sorrento`s vice-president of European operations said, "We are very pleased with our progress in Europe and feel that our approach in the region continues to produce successful results. We see increased activity and order placement from both existing and new customers." Seehagen added, "Carriers and enterprise end-users appreciate the proven reliability and flexibility of our GigaMux(TM) DWDM platform and especially value the personalized service they receive from Sorrento."

Sorrento Networks recently introduced a number of product enhancements to its popular metro DWDM product line, GigaMux(TM), responding to customer requirements for improved density and operational savings as well as for support of new services. These new capabilities, which became available starting in October 2002, include a highly integrated filter core, a new optical protection module, as well as new multi-rate regenerating transponders that support 2.1 Gbit/sec Fibre Channel in addition to other services such as SONET/SDH, ESCON, and Gigabit Ethernet.

"Sorrento`s product and business strategy remains focused on mainstream revenue-producing applications," stated Dr. Demetri Elias, the company`s vice president of marketing. "Our GigaMux product line has been widely adopted by a number of major carriers and cable operators in Europe and North America for managed datacenter connectivity services as well as for metro-core and regional optical networking applications," he added.

Sorrento Networks` GigaMux is a metro and regional dense wavelength division multiplexing (DWDM) platform that transforms any fiber plant into a high-performance, multi-protocol transmission network with up to 64 times the transmission capacity. GigaMux is a compact, flexible, and cost-effective system based on a "pay-as-you-grow" architecture. Working in conjunction with GigaMux is the EPC product family, consisting of sub-rate aggregation multiplexers that increase bandwidth utilization by combining a wide variety of traffic for transmission over a single wavelength, including ESCON, Fibre Channel, Fast Ethernet, Gigabit Ethernet, and SONET/SDH channels. For entry-level networks, Sorrento also offers JumpStart-400, a cost-effective 8-wavelength, coarse wavelength division multiplexing (CWDM) platform.

[Salameilakum]

Heute wird es abgehen bei FIBR!!!

Cox Las Vegas Utilizes Sorrento Networks for Transport of Video-on-Demand Services
Wednesday June 4, 5:30 am ET
Cable Leader Uses Sorrento Networks DWDM & CWDM Systems for Transport in its Migration to an All-IP/Gigabit Ethernet Network


SAN DIEGO--(BUSINESS WIRE)--June 4, 2003-- Sorrento Networks (Nasdaq:FIBR - News), a leading supplier of intelligent optical networking solutions for metro and regional applications, today announced that Cox Communications has rolled out video-on-demand (VOD) service in the rapidly expanding Las Vegas market with the help of Sorrento`s GigaMux DWDM and JumpStart CWDM systems. The new offering complements the advanced services already provided by Cox Las Vegas, such as digital cable and high-speed Internet access, and is central to its plans to provide on-demand video and data on an integrated all-IP/Gigabit Ethernet transport network.
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"We selected Sorrento Networks because their products allow IP-based video and data to mix transparently with legacy SONET over the same system," said Scott Pollock, Cox Las Vegas Senior Systems Engineer. "Our requirement was to transport a variety of residential and commercial services all over the Las Vegas valley, including numerous services to popular hotels. Sorrento`s GigaMux and JumpStart platforms helped meet the need in a cost-effective manner, while providing confidence that our metro transport is `future-proofed` for years to come. Attractive economics, strong Gigabit Ethernet support, and a highly scalable architecture made the choice to deploy Sorrento an easy one."

"GigaMux and JumpStart were designed to address the unique challenges of the metro market -- to be robust enough to meet carriers` requirements, yet flexible enough to support a wide array of services in a pay-as-you-grow fashion," said Demetri Elias, Sorrento`s Vice President of Marketing. "GigaMux and JumpStart are proving very effective in enabling the roll-out of MSOs` advanced services even in the current market that requires low starting costs for any new network equipment."

Sorrento Networks` GigaMux is a metro and regional dense wavelength division multiplexing (DWDM) platform based on a compact, flexible, "pay-as-you-grow" architecture. Working in conjunction with GigaMux is the EPC product family of sub-rate aggregation multiplexers that increase bandwidth utilization by combining several data channels for transmission over a single wavelength, including ESCON, Fibre Channel, Gigabit Ethernet, and SONET/SDH. For access applications, Sorrento offers JumpStart-400, a cost-effective 8-wavelength, coarse wavelength division multiplexing (CWDM) platform.

About Sorrento Networks

Sorrento Networks, headquartered in San Diego, is a leading supplier of intelligent optical networking solutions for metro and regional applications worldwide. Sorrento Networks` products support a wide range of protocols and network traffic over linear, ring, and mesh topologies. Sorrento Networks` existing customer base and market focus include communications carriers in the telecommunications, cable TV, and utilities markets. The storage area network (SAN) market is addressed though alliances with SAN system integrators. Recent news releases and additional information about Sorrento Networks can be found at www.sorrentonet.com.

Forward-Looking Statements

Except for historical information contained herein, the matters discussed in this release are forward-looking statements that involve risks and uncertainties. Words such as "plans," "expects," "intends," and variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. The occurrence of actual events may differ materially due to a variety of factors, including without limitation the following: (1) Sorrento Networks` ability to close the restructuring contemplated by the definitive agreement with the Series A Preferred Shareholders and the Senior Convertible Debenture Holders; (2) Sorrento Networks` ability to fund its operations until such time that revenue and orders improve, including its ability to raise additional equity or debt financing; (3) Sorrento Networks` ability to come into compliance with Nasdaq listing requirements within the timeframe required by Nasdaq; (4) unanticipated technical problems relating to Sorrento Networks` products; (5) Sorrento Networks` ability, or lack thereof, to make, market, and sell optical networking products that meet with market approval and acceptance; (6) the greater financial, technical, and other resources of Sorrento Networks` many, larger competitors in the marketplace for optical networking products; (7) changed market conditions, new business opportunities, or other factors that might affect Sorrento Networks` decisions as to the best interests of its shareholders; and (8) other risks detailed from time to time in Sorrento Networks` reports filed with the U.S. Securities and Exchange Commission.



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Contact:
Sorrento Investor Contact
Joe Armstrong, 858/450-4934
[e-mail]
or
Sorrento Media Contact
Demetri Elias, 858/450-4938
[e-mail]



--------------------------------------------------------------------------------
Source: Sorrento Networks

[Indiancigar]

Sorrento Networks (FIBR) scheint mit 25 Mio.$ sehr günstig bewertet zu sein.Die Schulden wurden abgebaut und auch eine Firma konnte noch übernommen werden.Bin noch am beobachten,aber wenn man bedenkt,dass der Titel mal mit 3000$ bewertet war,dann ist mit 2.25 das Risiko nicht mehr allzu hoch.Die wirklich monströsen Verlsute haben andere gemacht...

[Indiancigar]

Bin mit ca 2.5 $ dabei!!Laut dem letzten 10Q ist der Shareholder Value bei +10 Mio.$ gegenüber letztem Quartal bei minus 50 Mio$,wir haben also eine Steigerung um ca 6$ je Aktie,trotdem hat der Titel noch nicht zugelegt...dazu noch der neue Cash von LUXN und der neue Umsatz,der im nächsten Report drin sein wird!!FIBR hat ganz klar den Tournaround geschafft und bewegt sich wieder vorwärts.Allein in LUXN wurden 150 Mio$ investiert,jetzige CAP 20 Mio,also liegt min 100% Gewinn bei FIBR drin..

[Indiancigar]

Das Ding kommt langsam in Fahrt,35% plus allein heute bei Riesen-Umsätzen.Ich errinnere daran,dass das mal eine 3000 Dollar Aktie war,also bei 3.5 einzusteigen ist wirklich ein höllisch günstiges Angebot.Ich erwarte 15 Dollar bis Ende Jahr.Go FIBR

[benefactor [KommA]]

Institutional trading







Cash Per Share ($) 9.94

Revenues (Units in Thousands of U.S. Dollars $)

Quarter 2003 2004

Q1 6,003 7,861
Q2 5,199 4,476
Q3 5,525 --
Q4 8,410 --

Earnings Per Share (Units in U.S. Dollars $)

Quarter 2003 2004

Q1 -25.20 -7.02
Q2 -21.40 0.08
Q3 -8.86 --
Q4 -8.42 --

[benefactor [KommA]]

[lofty]

@benefactor
danke für deine bm. zu spät gesehen. leider.
warte morgen die eröffnung ab.
gruß
lofty

[Indiancigar]

Nachbörslich schon wieder rauf auf 4.10 Dollar,de geht heute was ab.Der Hurrican ist vorbei,die Leute freuen sich aufs Wochenende und wollen noch ein parr Stocks kaufen..
Sehr euch mal den Chart von FIBR an,letztes Jahr hatten wir den Ausbruch auch von etwa 2.5 Dollar ohne Stop rauf auf 15,Anfang Novemer 2002.Ich bin mir fast sicher,dass wir die 15 wieder sehen,wenn jetzt noch ein paar News kommen,explodiert das ganze.

[dosto]

wups

hab ja nix gegen das geld verdienen.

aber so lustig sieht die comp. auch wieder nicht aus.

hat ja operted expense von glatten 20 mille $, bei etwas mehr als umsatz.

also das einzige was man da wohl spielt ist der enge markt
10 mille shares.

15 $ sind also angesagt, aber warum nicht der reihe nach
erst 6 dann 8 .
und dann was passieren beim umsatz,
eine deppen- rally in den 08/15 werten wird nicht ewig dauern, irgendwann muß das geld her, aus diesen luschenpapieren,
bei mir bestimmt, bei anderen sicher auch.
also -nice zock- nothing more.
oder die boys pushen ihre sales force.

[benefactor [KommA]]

Es wird wieder interessant bei FIBR.

[benefactor [KommA]]

Sorrento Networks Closes $6.35 Million Financing
Wednesday December 31, 9:00 am ET

SAN DIEGO--(BUSINESS WIRE)--Dec. 31, 2003--Sorrento Networks Corporation (Nasdaq:FIBR - News), a supplier of optical networking equipment for carriers and enterprises worldwide, announced today it has closed its previously announced financing to raise $6.35 million in gross proceeds from a private placement of its common stock and warrants to institutional and accredited investors. Sorrento intends to use the net proceeds for general corporate purposes, including working capital, and to strengthen its balance sheet for long-term growth.

In connection with the financing, Sorrento issued 2,140,101 new shares of Sorrento common stock and warrants to purchase 1,070,051 new shares of Sorrento`s common stock. Investors received a warrant to purchase one share of common stock for each two shares of common stock purchased; the effective price in the private placement was $2.97 for each unit. Each unit consists of one share of common stock and a warrant to purchase one-half of a share of common stock. The warrants have an exercise period of five-years and an exercise price of $2.97 per share. The warrants are exercisable in cash, representing a potential $3.17 million in additional proceeds, bringing the total gross process of this offering to approximately $9.5 million, assuming the warrants are fully-exercised in cash. The warrants provide for cashless exercise under certain circumstances.

Neither the shares of common stock, the warrants sold to the investors, nor the shares of common stock to be issued upon exercise of the warrants have been registered under the Securities Act of 1933. Accordingly, these shares and warrants may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. Sorrento has agreed to file a registration statement covering resale by the investors of these shares and shares of common stock to be issued upon exercise of the warrants. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the common stock, warrants or common stock to be issued upon exercise of the warrants. The private placement was made by the Company with a selling agent, and any opportunity to participate in the private placement was available to a very limited group of accredited investors. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

[benefactor [KommA]]

Sorrento Networks Obtains Commitment for $10 Million in Private Placement
Wednesday January 14, 9:03 am ET

SAN DIEGO--(BUSINESS WIRE)--Jan. 14, 2004--Sorrento Networks Corporation (Nasdaq: FIBR - News), a supplier of optical networking equipment for carriers and enterprises worldwide, announced today it has signed definitive agreements to raise approximately $10 million in gross proceeds from a private placement of its common stock and warrants to institutional and accredited investors. This commitment is in addition to the $6.35 million raised in the private placement that closed on December 31, 2003. Sorrento intends to use the net proceeds for general corporate purposes, including working capital, and to strengthen its balance sheet for long-term growth.

Funding is expected to occur approximately one week following satisfaction of certain customary closing conditions.

Sorrento agreed to sell 2,921,512 new shares of Sorrento common stock, and warrants to purchase 1,460,756 new shares of Sorrento`s common stock. Investors will receive a warrant to purchase one share of common stock for each two shares of common stock purchased, therefore, the effective price in the private placement is $3.44 for each unit consisting of one share of common stock and a warrant to purchase one-half of a share of common stock. The warrants have an exercise period of five-years with an exercise price of $3.44 per share. The warrants are callable after one year under certain circumstances. The warrants are exercisable in cash, representing a potential $5 million in additional proceeds, bringing the total gross process of this offering to approximately $15 million assuming the warrants are fully exercised in cash. The warrants provide for cashless exercise under certain circumstances.

Neither the shares of common stock, the warrants sold to the investors, nor the shares of common stock to be issued upon exercise of the warrants have been registered under the Securities Act of 1933. Accordingly, these shares and warrants may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. Sorrento has agreed to file a registration statement covering resale by the investors of these shares and shares of common stock to be issued upon exercise of the warrants. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the common stock, warrants or common stock to be issued upon exercise of the warrants. The private placement was made by the Company with a selling agent, and any opportunity to participate in the private placement was available to a very limited group of accredited investors. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

Sorrento Networks` GigaMux family includes access, metro and regional DWDM system designed for high-performance, multi-protocol transport. The GigaMux family is a compact, flexible, and cost-effective system based on a "pay-as-you-grow" architecture that allows carriers and enterprises to start small and expand their networks in conjunction with customer demand. Sorrento also offers cost-effective coarse wavelength division multiplexing (CWDM) products that are ideal for optical access and transport applications.

About Sorrento Networks

Sorrento Networks, headquartered in San Diego, CA, makes optical networking equipment for carriers and enterprises worldwide. Sorrento`s products help customers increase profitability by improving transport efficiency and expanding the addressable market of their fiber networks. Sorrento`s customer base and market focus includes cable TV operators, telecom carriers, and service providers. Sorrento`s products are also used for storage area networking (SAN) and enterprise private networking.

Sorrento Networks` GigaMux product line is designed for high-performance, multi-protocol metro and regional WDM transport. GigaMux consists of compact, flexible, and cost-effective sub-systems based on a "pay-as-you-grow" architecture that allows carriers and enterprises to start small and expand their networks in conjunction with customer demand. Additional customer, product, and financial information about Sorrento Networks can be found at http://www.sorrentonet.com.

[benefactor [KommA]]

[Indiancigar]

bei FIBR bin ich dabei,ich denke wir sehen bald Kurse von 10-15 $,die Firma ist verdammt günstig bewertet!!Vor dem Reverse Split von 1:30 war das mal ne 100$ Aktie (Umgerechnet 3000$) und jetzt mit 5.40 sind das nur 0.18$ die wir zahlen,das ist also noch viel Luft nach ober.Und die Fundamentals in der optischen-und Netztwerkindustrie verbessern sich sehr rasch...

[benefactor [KommA]]

Sorrento Networks Closes $10 Million Financing
Tuesday January 27, 9:01 am ET

SAN DIEGO--(BUSINESS WIRE)--Jan. 27, 2004--Sorrento Networks Corp. (Nasdaq NM:FIBR - News), a supplier of optical networking equipment for carriers and enterprises worldwide, announced today it has closed its previously announced financing to raise $10 million in gross proceeds from a private placement of its common stock and warrants to institutional and accredited investors. This financing is in addition to the $6.35 million raised in the private placement that closed on Dec. 31, 2003. Sorrento intends to use the net proceeds for general corporate purposes, including working capital, and to strengthen its balance sheet for long-term growth.

In connection with the financing, Sorrento issued 2,921,512 new shares of Sorrento common stock and warrants to purchase 1,460,756 new shares of Sorrento`s common stock. Investors received a warrant to purchase one share of common stock for each two shares of common stock purchased; the effective price in the private placement was $3.44 for each unit. Each unit consists of one share of common stock and a warrant to purchase one-half of a share of common stock. The warrants have an exercise period of five-years and an exercise price of $3.44 per share. The warrants are callable after one year under certain circumstances. The warrants are exercisable in cash, representing a potential $5 million in additional proceeds, bringing the total gross process of this offering to approximately $15 million assuming the warrants are fully exercised in cash. The warrants provide for cashless exercise under certain circumstances.

Neither the shares of common stock, the warrants sold to the investors, nor the shares of common stock to be issued upon exercise of the warrants have been registered under the Securities Act of 1933. Accordingly, these shares and warrants may not be offered or sold in the United States, except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act. Sorrento has agreed to file a registration statement covering resale by the investors of these shares and shares of common stock to be issued upon exercise of the warrants. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the common stock, warrants or common stock to be issued upon exercise of the warrants. The private placement was made by the company with a selling agent, and any opportunity to participate in the private placement was available to a very limited group of accredited investors. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

[Indiancigar]

FIBR ist herrlich zu traden: habe über 5$ verkauft und konnte in aller Ruhe unter 3.5$ weider rein,und schon fährt der Lift wieder nach oben.FIBR hat keine Schulden mehr,Breitband und Video on Demand wächst sehr stark,es kann also nur noch besser werden.Das war VOR dem Reverse Split eine 3000$ Aktie,somit kann man auf dem jetzigen Niveau nicht falsch machen!!!CAP ist 38 Mio,das ist ein Witz,und letztes Quartal viel ein Gewinn an.Vergleicht das Mal mit Avanex(AVNX) Cap 600 Mio und Verlust 30 mio pro Quartal!!!!Dagegen sind wir Waisenknaben...dieses Jahr sehen wir die 10$ ....

[benefactor [KommA]]

OAKLAND, CA (July 1, 2004) - Zhone Technologies, Inc., the first company dedicated to building total-delivery solutions for voice, data and video content services worldwide, announced today that it completed the acquisition of Sorrento Networks Corporation.

As a result of the merger, Sorrento stockholders will receive 0.90 of a share of Zhone common stock for each outstanding share of Sorrento common stock. Zhone’s shares will continue to trade on the NASDAQ Stock Market under the symbol ZHNE. Sorrento ’s shares will no longer be traded under the symbol FIBR.

“This transaction allows the combined company to address a broader portfolio of service providers,” said Mory Ejabat, Chairman and Chief Executive Officer of Zhone. “Customers of both companies will realize the benefits of the combined solution set.”

The combined company will have a customer base that includes some of the world’s largest network service providers representing more than 300 existing carrier and cable operators on six continents. The combined company will deliver a broad array of products for access and metro-optical network applications, with employees operating in 15 countries around the globe. The combined company will also bring the current customers of Zhone and Sorrento advanced new access and transport offerings which provide a bridge between existing copper-based loops and fiber optics.