Pat, In todays PR's,
September 29, 1999 05:05 AM Eastern Time
DENVER, Sept 29 (Reuters) - Internet communications company Qwest Communications International Inc. QWST on Wednesday said it agreed to host computer maker Hewlett-Packard Co.'s HWP ambitious Internet software push in a three-year deal that could generate up to $1.5 billion in revenue for Qwest.
In a joint statement, the companies said they would offer Web-based business software application delivery services that store data for large corporate customers in Qwest network data centres, in a bid to assure rapid software response times.
These facilities are directly connected to Qwest's high-capacity telecommunications network backbone, giving customers direct, high-speed access to their information.
For its part of the deal, Qwest, headquartered in Denver, said it expected to provide about $200 million in revenue to Qwest in the first year and up to $1.5 billion in revenue over the three-year term of the agreement.
Separately, Qwest said it had begun a major expansion of its CyberCenter operations -- the company's network of data centres -- that will add seven new centres by the end of 2000 to meet the growing customer demand for its software hosting, electronic commerce and Web-hosting services.
The Qwest data centres will rely on Hewlett-Packard's SureStore E line of data storage hardware and software management equipment, the two companies said.
REUTERS
His remarks are usually based on his putting money in another camp. Maybe he has not covered a short position yet. Brian |
