Lucent's going wireless
Bell Labs, the research and development arm of Lucent Technologies, last week announced it is establishing a wireless research laboratory in Sydney.
To be located in North Ryde, the lab represents a five-year, $25 million R&D investment for Lucent and is part of a global wireless research initiative.
To be headed up by Chris Nicol, the division will include local and worldwide research specialists and will focus on the design of high-performance, low-power semiconductor chips for 3G mobile phone systems, officials said.
In addition to the research, a wireless development team will be established.
Cisco continues to buy
Consistent with recent acquisition activity, Cisco has taken a further step towards its vision of converged video, voice and data networks by announcing a definitive agreement to acquire privately held Israeli company HyNEX.
According to Cisco, HyNEX is a subsidiary of Elbit which develops "intelligent access devices for ATM network providers". The company was founded in 1993 and has 49 staff.
The statement said Cisco will part with an aggregate value of approximately $US127 million in its common stock and cash for the assets, liabilities and stock options of HyNEX.
CHA appoints new head
Melbourne-based distributor CHA is hoping for a fast track to recovery after its kerfuffle with global distribution giant CHS Electronics last year and has appointed a new general manager to lead the way to greener pastures.
Peter Thatcher, former CEO of Tracker Software, has taken the reins from Steven Sampson and has set about agressively consolidating the company. "Fundamentally there is a good underlying business here and it's just a matter of bringing it back," Thatcher said.