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Technology Stocks : Orckit (ORCT)

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To: D.J.Smyth who wrote (1864)7/27/1999 12:08:00 PM
From: Verkaylac   of 1998
 
GTE providing "always on" high speed access to AOL...I wonder who will supply GTE with the equipment.....from an April 13 Orckit press release....interesting
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GTE to offer ultra-fast Internet access; Fujitsu and DSL partner Orckit Communications selected as suppliers of high-speed Internet access equipment.

GTE to offer ultra-fast Internet access. USA's largest deployment of asymmetric digital subscriber line (ADSL) service to roll out in two phases starting this June in current market trial locations. Fujitsu Network Communications and DSL partner Orckit Communications selected as suppliers of high-speed Internet access equipment.

DALLAS, Texas, April 13, 1998 -- GTE today announced that it will begin offering consumers, businesses, universities and Internet service providers "always-on" high-speed Internet access and remote office connectivity service that helps boost connection speeds to the Internet at rates up to 50 times faster than conventional modems.

Beginning in June, upon regulatory approval, GTE Network Services, the incumbent local exchange carrier unit of GTE Corp., will offer network-based asymmetric digital subscriber line (ADSL) service in approximately 300 central offices in portions of 16 states, creating the nation's largest deployment of ADSL. To provide the service,
GTE will install ADSL equipment supplied by Richardson, Texas-based Fujitsu Network Communications, Inc. and digital subscriber line partner Orckit Communications Ltd.
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