Monterey Networks Inc. (Richardson, TX), a startup company formed in mid-1997 by a group of Silicon

Monterey Networks Inc. (Richardson, TX), a startup company formed in mid-1997 by a group of Silicon Valley technology veterans, is developing a product line designed to perform a "traffic cop" function for high-capacity fiber-optic backbones. Scheduled for delivery in late 1999, Monterey hopes to enable the service provider infrastructure products to support the exponential growth in bandwidth demand created by the widespread adoption of the Internet as a communications mechanism for both data and voice traffic. The company has named Joe Bass, most recently with Alcatel USA, as its president and chief executive.