Firms listed in alphabetic order:

Aerial Broadband

Address: 630 Davis Dr., Suite 260 RTP, NC 27713
Web site: www.aerial-broadband.com
Why on list: Wireless solutions for last-mile Internet connections. Company’s product promises to save wireless service providers money by extending mobile Internet capabilities to existing networks; Aerial’s management team consists of seasoned wireless executives.

Caspian Networks

Address: 1 Park Dr., Suite 400 Research Triangle Park, NC 27709
Web site: www.caspiannetworks.com
Why on list: Developer of networking equipment. Companies like AT&T are already starting to evaluate the type of routers that Caspian makes and Telecommunications Magazine pointed to Caspian as one of the new vendors who will greatly benefit from this trend.

CipherOptics

Address: 1401 Sunday Dr., Suite 103 Raleigh, NC 27607
Web site: www.cipheroptics.com
Why on List: Encryption technologies. The firm has yet to generate any revenues but industry observers are keeping their eyes on CipherOptics and the expected increased spending on new encryption technologies by network owners.

Coventor

Address: 4001 Weston Parkway Cary, NC 27513
Web site: www.coventor.com
Why on list: Designer of MEMS tools. Coventor’s MEMS switch is just becoming available and this firm is worth keeping a close eye on during the months ahead.

Cree

Address: 4600 Silicon Drive, Durham, NC 27703
Web site: www.cree.com
Why on list: Demand for LEDs, semiconductors. One of highest profile public companies in Triangle.

Hatteras Networks

Address: 639 Davis Dr., Suite 200 Durham, NC 27713
Web site: www.hatterasnetworks.com
Why on list: High-speed Ethernet equipment. Company expects to roll out its first product in early 2003 and recently raised new round of venture capital to do so.

LVL7 Systems

Address: 13000 Weston Parkway, Suite 105 Cary, NC 27513
Web site: www.lvl7.com
Why on list: Developer of software that increases a networks performance. The company’s core product, known as FASTPATH, is catching on in popularity. LVL7 began shipping products during the fall of 2001 and officials say they expect to turn their first profit by the fourth quarter of this year.

NetOctave

Address: 507 Airport Blvd, Suite 111 Morrisville, NC 27560
Web site: www.netoctave.com
Why on list: Network security processors and accelerator boards
Company’s first product line, board-mounted silicon chip sets that provide security for e-commerce companies and corporate intranets, is now in production.

Oculan

Address: 4901 Waters Edge Dr. Raleigh, NC 27606
Web site: www.oculan.com
Why on list: Provides network and system management services on an outsourced basis . In less than one year of operations Oculan announced has signed on more than 100 resellers and service providers in 27 states and eight countries.

Overture Networks

Address: 2 David Dr. RTP, NC 27709
Web site: www.overturenetworks.com
Why on list: Develops products that allow service providers to deliver voice and data services over fiber-optic networks. Venture-backed company is testing its product with major service providers and is beginning to attract partners.

Sony Ericsson

Address: 7001 Development Dr. RTP, NC 13969
Web site: www.sonyericsson.com
Why on list: Develops and manufactures wireless handsets. Company’s first products, developed in RTP, are starting to hit the market just as demand for wireless services is increasing.

Tekelec

Address: 5200 Paramount Parkway Morrisville, NC 27560
Web site: www.tekelec.com
Why on list: Manufactures several lines of telecom equipment
The company’s products are in use by nearly every U.S. telecom network and further dips in revenues could signal the downturn is not yet over.

TransLogic Systems

Address: 7312 Vanclaybon Dr. Apex, NC 27502
Web site: www.tls-us.com
Why on list: Develops Web-based workflow engines. Company already has redesigned the workflow system for Cary-based service reseller Access Point and is beginning to attract new clients.

Unitive

Address: 4512 South Miami Blvd. Research Triangle Park, NC 27709
Web site: www.unitive.com
Why on list: Developer of wafer packaging technology for semiconductors. The firm has yet to turn a profit, but privately-held Unitive is attracting customers and is likely to continue generating headlines in the coming months.