Feeds

Infinera grabs top tech IPO of the year

Optical bull

3 Big data security analytics techniques

Shares of Infinera gained 52 per cent during its first trading day, giving the optical-networking gear maker the best tech IPO debut in 2007.

The Sunnyvale-based company's stock closed yesterday at $19.71, a 51.6 per cent leap from the $13 per share initial public offering price. Approximately 14 million shares were sold during the trading day.

Infinera Logo

Infinera was founded in 2000 by former Ciena Corp. executive Jagdeep Singh. It claims to be the first company to develop a commercially deployed computer chip with optical networking components. The optical gear transmits and receives data at 100 GB/s using light, rather than electricity used in traditional circuits.

Despite company sales surging nearly 17-fold in the first quarter to $49.2m, Infinera has yet to achieve profitability. The company posted a $89.9m loss last year and was $19.8m in the red during the first quarter of 2007.

A small number of companies account for most of Infinera's sales. Internet backbone firm Level 3 made up 57 per cent of Infinera's revenue during the first quarter and about 75 per cent in 2006.

Infinera's competitors in the optical communications market include Alcatel-Lucent, Ciena, Cisco, Huawei and Nortel.

According to Infinera's SEC filing, the company plans to use proceeds from the sale for repayment of credit facilities and possible acquisitions. ®

SANS - Survey on application security programs

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.