Eicon Continues to Lead European ISDN Market in 1998
AUGUST 3, 1999 New Dataquest Survey Confirms that Eicon Increases European Market Share MONTREAL, QUEBEC-- Eicon Technology, a global leader in remote access solutions, has retained its market position as the leading supplier of ISDN terminal equipment throughout Europe in 1998. According to Dataquest, a unit of GartnerGroup, Inc. (NYSE: IT), Eicon remains the leading vendor of ISDN BRI terminal adapters and internal ISDNcards. Based on Dataquest's ISDN Equipment: Europe, 1998 report, Eicon remains the frontrunner in the pan-European market (excluding Germany), having increased its volume market share across Europe to 24 percent, an increase of 20 percent from its 1997 market share. In addition, Eicon shipped over 400,000 units of ISDN equipment in Europe during 1998 - double the number of units shipped the previous year. As a result, Eicon continues to be the number one supplier of ISDN equipment in eight European countries, including Belgium, Denmark, Finland, Italy, the Netherlands, Norway, Sweden and the UK. For its growing success in Europe, Eicon credits the increasing number of home and small office/home office users who are looking for cost-effective high-speed access to the Internet. The increase in unit sales is a testament to the tremendous reliability of ISDN - a technology that fully meets the requirements for a proven, cost-effective connectivity solution - and its DIVA line of products, specifically designed to be easy-to-use by the non-technical user. "Eicon's continued commitment to developing easy-to-use, intelligent and reliable ISDN products, such as the DIVA T/A and DIVA LAN ISDN Modems, has resulted in massive demand and explosive growth of our market share across Europe," said Ken Gingrich, Senior Vice President, Worldwide Sales and Marketing Operations. Eicon's revenue market share in Europe is 24 percent, an increase of over 50 percent in the past year. Within Germany, the largest market for ISDN products around the world, Eicon has increased its revenue market share over 300 percent, becoming the second leading provider of ISDN equipment to this market. "Forecasted growth rates see the ISDN market in Europe increasing by an additional 27 percent each year through 2002. Eicon, with future products such as the DIVA V.90/G.Lite modem, anticipates that its remote access revenues will grow well into the millennium, as users continue to seek solutions that are cost-effective and provide increased productivity," adds Gingrich. About Dataquest GartnerGroup's Dataquest is the recognized leader in providing the high-technology and financial communities with market intelligence for the semiconductor, computer systems and peripherals, communications, document management, software, and services sectors of the global information technology industry. Eicon Technology Corporation Eicon Technology Corporation is a worldwide provider of remote access products for personal computers. The Company develops, markets and supports hardware and software products for connecting network servers and desktop and notebook PCs to corporate networks, host computers and the Internet. Its products are sold in more than 70 countries through a network of certified channel partners and Original Equipment Manufacturers. Eicon Technology shares are traded on the Montreal Exchange and Toronto Stock Exchange under the symbol "EIC." Information about Eicon and its products is available at eicon.com. |