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Technology Stocks : Newbridge Networks
NN 16.78-0.1%Dec 19 3:59 PM EST
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To: Rob Riordan who wrote (11791)6/7/1999 10:22:00 AM
From: pat mudge  Read Replies (3) of 18016
 
This is an enormous confirmation of LMDS:

The assets consist of a broadband fixed wireless system built on a technology known as Local Multipoint Distribution Services, or LMDS, which supplants wired phone and cable lines with a wireless transmission system.

Rickie Currens, corporate vice president and general manager of Motorola's ground systems division, said: ''Through this partnership, SpectraPoint Wireless will present one face to the customer, while delivering an array of LMDS products and systems.''

Don Listwin, executive vice president of Cisco, said the deal would allow Cisco and Motorola to bring a ''New World Internet platform'' to the wireless industry. The companies said the Internet-based wireless services market will mushroom to $1.2 billion in 2001 and $2 billion by 2003, as demand surges from both companies and consumers.
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