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	Dear Red Herring Subscriber:   Are you interested in a new breed of market analysis, covering both public and private technology companies - one that analyzes markets from the ground up and filters through the hype?    Light Reading's Optical Oracle (www.opticaloracle.com ), a leading independent technology research service, has been doing exactly that - tracking the next wave of developments in optical networking technology and services.    Targeted at investors and technology leaders in both the private and public markets, Optical Oracle was launched last spring and has already published nine groundbreaking monthly reports, including examinations of telecom carriers, communications chip players, optical switching, optical components, and IP networking gear. With a unique blend of financial and technological analysis, the Oracle has already garnered a reputation for spotting trends and making gutsy calls.    Now that evidence is building that the communications industry is bouncing along the bottom, what's next?    Though startups and public companies have been hit hard, optical technology is still laying the foundation for the next wave of growth. In short, it's opportunity time; and  some of the bigger players are stepping up their involvement in optical technology.    Consider that:    [IMAGE]   [IMAGE][IMAGE]Intel Corp. has purchased a portfolio of optical and next-generation communications chip startups - including Cognet, LightLogic, nSerial, and Templex - for a total of about a half billion dollars. It has also invested in a portfolio of more than 30 startups. Much of this activity has taken place over the last year, fitting with Intel's reputation for investing during a downturn.   [IMAGE]   [IMAGE][IMAGE]Spending among a handful of the top telecom carriers, though in decline over the last two years, still amounts to well over $50 billion and is expected to become increasingly focused on efficient next-generation technologies that lower costs.   [IMAGE]   [IMAGE][IMAGE]Leading technologists frequently refer to optical networking technology as in the "vacuum tube" stage of its development life cycle.   [IMAGE] [IMAGE] [IMAGE] How has the Optical Oracle covered these trends? Our reports provide a detailed, opinionated analysis of the product and financial positioning of companies attacking the various markets.     Optical Oracle also continues to deliver, in electronic form, news alerts about developing Light Reading stories, ahead of publication on the free Light Reading Website (www.lightreading.com ).  For example, in November, Optical Oracle alerted readers, in advance of the news, to major layoffs at Nortel, management shifts at Cisco, and the acquisition of Pacific Broadband by Juniper Networks. Subscribers to our service receive these alerts in addition to the monthly electronic newsletter.    The current Optical Oracle reports on the networking "Big Shots," including a competitive analysis of the leading public telecom equipment market players: Alcatel (NYSE: ALA), Cisco (Nasdaq: CSCO), Lucent (NYSE: LU), Nortel (NYSE: NT), and Tellabs (Nasdaq: TLAB).     [IMAGE]   [IMAGE][IMAGE]Follow this link to see the table of contents  for this report.   [IMAGE]   [IMAGE][IMAGE]Follow this link to see a sample competitive positioning table, for Cisco Systems , from this report.   [IMAGE]   To view these excerpts, you will need Adobe's Acrobat Reader. If you do not have it, it can be obtained for free at the Adobe web site .  [IMAGE] [IMAGE] [IMAGE] We are offering this service to Red Herring subscribers at an introductory rate of $899 per year. Note that the price will rise to $1,295 on February 1, 2002!   To join Light Reading's inner circle, go to www.opticaloracle.com .   Thank You.   Sincerely,     R. Scott Raynovich  Editor  The Optical Oracle      		
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[IMAGE]	   As a subscriber to Red Herring, we thought that this promotional opportunity might be of interest to you.  If you'd like to unsubscribe from this promotional list, please respond to this message with "unsubscribe" in the subject line. 	[IMAGE]