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Cereva: Stalled, Not Stopped: Page 3 of 3

"We have never been a beta tester, nor involved in any capacity with Cereva's equipment," said Jon Oltsik, GiantLoop's VP of corporate marketing. GiantLoop's talked to Cereva, he says, because it makes sense to talk to any vendor that combines optical networking and storage capabilities, but it hasn't gone beyond that.

MacDonald says the mention of GiantLoop in former interviews was "out of line." Now, instead of four trials, Cereva says it's publicly announced just one, with NaviSite (Nasdaq: NAVI), a provider of managed hosting services. Cereva's on track with that beta and plans a second at an undisclosed customer site in Massachusetts, MacDonald says.

Cereva's product delivery is still slated for general shipment during the third quarter of this year. And despite an urgent need for cash, MacDonald seems confident the company is on plan for its next round. "We are on track," he says.

- Mary Jander, Senior Editor, Light Reading
http://www.lightreading.com