Teknovus 3Q07 Update

Quarterly revenues for Teknovus were estimated at $16.1 million. With this Broadlight was pushed back by one position and Teknovus stood 2nd in the Optical Networking Chip Market for the quarter. The company also managed to secure $28 million in equity financing. Investments came from Lightspeed Venture Partners and Galleon Crossover Fund.

Revenues continued to come from the existing customer base of Mitsubishi, Fujitsu and Samsung. However, no major deployment was announced this quarter. Although this quarter Telekom Malaysia R&D selected Teknovus for their WDM PON system under Photonic Research Program.

Majority of the revenues continued to come from the APAC which as per our estimate is 80%.