Third Quarter 2006 Marks Record Growth for NEC's Worldwide Optical Networking Business.NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. Experienced The Greatest Revenue Growth Among Top 10 Optical Networking Vendors according to Ovum-RHK's Year-To-Date Market Share Report For Q3 2006 HERNDON, Va. -- The Optical Network Systems Division (ONSD ONSD Optional Network Specific Digit ) of NEC Corporation of America (NEC), a premier provider of IT, network and telephony solutions, announced today that according to Ovum-RHK, a leading market research firm that targets telecom equipment and component vendors, NEC experienced the greatest sequential revenue growth worldwide for Q3 2006, and also had the highest sequential revenue growth among the top-10 optical networking (ON) vendors in the global market. Ovum-RHK's report titled, "Market Alert: 3Q06 Global ON," recognizes NEC's overall strong global performance, marking a 55 percent revenue growth from Q2 2006, and a 34 percent revenue increase over Q3 2005. NEC saw growth across all geographic regions and product markets. "Global optical networking sales reached nearly $3.1 billion in 3Q06, the highest quarterly spending since 1Q02. Spending growth is coming from a number of sources, including mobile backhaul, broadband aggregation and backhaul, the influx of video traffic, and the move of network operators to converge their networks over a single optical infrastructure," said Dana Cooperson, vice president and practice leader, Network Infrastructure, Ovum-RHK. "In the third quarter, NEC posted the largest sequential revenue growth of the top ten ON vendors. NEC's gains came from increased backbone DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing deployments in North America and Asia-Pacific, increased OED OED abbr. Oxford English Dictionary Noun 1. OED - an unabridged dictionary constructed on historical principles O.E.D., Oxford English Dictionary (MSPP (MultiService Provisioning Platform) A high-end Cisco router that supports TDM circuits, packets and optical connections at the edge of the network. See MSSP and MSTP. ) revenues in Asia-Pacific and EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. , and increased revenues related to the undersea network expansions and extensions." The report also found that North American spending in optical networks outpaced the other regional markets, topping US$1 billion for the third quarter in a row. In addition, the Ovum-RHK report highlights North American spend was once again broad-based, with metro and backbone Wavelength Division Multiplexing See WDM. (communications) wavelength division multiplexing - (WDM) Multiplexing several Optical Carrier n signals on a single optical fibre by using different wavelengths (colours) of laser light to carry different signals. (WDM (1) (Wavelength Division Multiplexing) A technology that uses multiple lasers and transmits several wavelengths of light (lambdas) simultaneously over a single optical fiber. ) gaining foremost growth. "NEC's efforts in 2006 with regards to customer engagements and product-line expansions are being recognized with these strong third quarter results," said Rocky Kler, vice president and general manager, ONSD, NEC. "We believe this momentum is reflected in Ovum-RHK's market share report, which emphasizes that carriers continue to select NEC's optical networking solutions on a global basis as the foundation for their next generation networks." Details of the 3Q06 results and additional analysis are published by Ovum-RHK's Optical Networking advisory services. For further details please contact Sara Kaufman, at 617-722-4602, sara.kaufman@ovum.com. About NEC Corporation of America NEC Corporation of America is a leading technology provider of IT, network and visual display solutions. Headquartered in Irving, Texas, NEC Corporation of America is the North America subsidiary of NEC Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NIPNY). NEC Corporation of America delivers technology and professional services ranging from server and storage solutions, digital presentation and visual display systems to biometric identification, IP voice and data solutions, optical network and microwave radio communications. Leveraging NEC's SpectralWave family and the Company's reputation for reliability and performance, NEC plans to add "new dimensions" to the traditional optical backbone to deliver solutions that expand beyond traditional transport; enabling the network to become truly multi-dimensional and agile in nature. NEC Corporation of America serves carrier, SMB (1) (Small to Medium-sized Business) Also called "SME" (small to medium-sized enterprise), it refers to companies that are larger than the small office/home office (SOHO), but not huge. and large enterprise clients across multiple vertical industries. For more information, please visit www.necam.com. NEC is a registered trademark of NEC Corporation. |
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