Orckit |
 OrckitOrckit Communications (Nasdaq: ORCT) is a leading provider of advanced telecom equipment targeting high capacity packetized broadband services. Orckit offers digital subscriber line (DSL) solutions that enable high-speed broadband data transmission over existing copper infrastructure. Orckit's customers include telecom carriers in the US and international markets. The company maintains close partnernerhip relations with Fujitsu and Lucent in selling XDSL products worldwide. Additionally, Orckit is a majority shareholder of Corrigent Systems who have solved the metro dilemma for service providers worldwide by enabling them to bridge their existing high revenue services with next-generation data, voice and video services, all across one cost-effective, multi-service network. STAR was a lead investor in Orckit in 1995 during its development stage. The company's success culminated in an Initial Public Offering on the NASDAQ exchange in 1996, when $36 million was raised. An additional $83 million was raised in two subsequent offerings in 1998 and 1999. |