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Technology Stocks : Orckit (ORCT)

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To: shlomi cohen who wrote (956)3/18/1998 7:21:00 PM
From: David Israel-Rosen   of 1998
 
The reason for today's late surge. Let the fireworks begin:

BusinessWire, Wednesday, March 18, 1998 at 15:12

HANNOVER, Germany--(BUSINESS WIRE)--March 18, 1998--CeBit '98--Community Network Systems (CNS) has developed high-bandwidth multimedia reference content specifically for high-speed modem applications such as ADSL, DSL and Cable, that demonstrates the extensive capability of these emerging telecommunications
technologies. Showcased at CeBit by Orckit Communications
(NASDAQ:ORCTF - news), the company is demonstrating content from The Virtual Community of Tomorrow (V.C.O.T.), a state-of-the-art edutainment consumer application developed by CNS. CNS is already providing multimedia content for NetChannel and ICTV.
Located at vcot.com, V.C.O.T. uses a graphical theme
park metaphor to present advanced multimedia content over the
Internet. V.C.O.T. represents the most comprehensive Internet resource
for information, provides users with access to the Funk & Wagnalls
Encyclopedia which is constantly updated and integrated with
animation, photographs, speeches, music and sound. Additional content
for V.C.O.T. includes up-to-the-minute news from Reuters, multimedia
postcards, interactive art exhibits and classic games.

"Our aim is to provide an optimal experience for the end user,"
explained Mathew Barlow, Executive Vice President for Sales and
Marketing at CNS. "Companies that showcase emerging technology like Orckit, NetChannel and ICTV, offer us a way to economically deliver our high bandwidth reference multimedia content to consumers. High speed data transmission over existing telephone lines is leading to widespread availability of rich multimedia applications which will be
constantly updated."

Community Network Systems

Community Network Systems (CNS, www.cnsltd.com) is an innovative developer of applications whose products are available for OEM and private label sales. CNS specializes in customizing content for high and low bandwidth Internet users in the OEM, education and retail sectors. The company has successfully transformed name-brand content into private label multimedia-rich products which are custom-developed for the next generation of delivery platforms, including cable modems,

Internet appliances, network computers, Internet TV and DVD optical
disks in order to optimize the experience of the end user.
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