But as networking spending dries up and gear makers fight for a slice of a shrinking pie, companies like Williams are increasingly buying optical gear, such as switches and transport products, from many sources. A Sycamore spokesman declines to comment on the company's relationship with Williams, saying Sycamore will discuss customers during its earnings conference call May 15. For his part, Janzen says Sycamore is still on the team. Meanwhile, investors are still concerned about Williams' financial health. The company, which started hitting a funding shortfall last August, says it must return to the capital markets again for more financing to get through the year and beyond.
Cash continues to be scarce.
Read our conflicts and disclosure policy . Order reprints of TSC articles. As with the Agere IPO, Lucent appears stuck selling into a buyer's market. Yet another blow to the likes of Nortel, Cisco and Lucent. Inc. All rights reserved.