FVC.COM NAMES VICE PRESIDENT OF BUSINESS DEVELOPMENT FOR ITS
TELECOMMUNICATIONS CARRIER BUSINESS FVC.COM V.P. OF WORLDWIDE SALES
Alan J. McMillan Assumes New Role
SANTA CLARA, Calif., Oct 26, 1999 /PRNewswire via COMTEX/ -- As part
of its new business focus on the telecommunications market, FVC.COM
(Nasdaq: FVCX) has appointed Alan J. McMillan to the role of Vice
President of Business Development, Video Services Business. Mr.
McMillan will spearhead the development of partnerships in the
broadband carrier market with RBOCs, PTTs, CLECs, IXCs, and ILECs.
This appointment follows FVC.COM's recent announcement of its Broadband
Video Services offering, which enables telecommunications carriers to
deliver integrated video services over their broadband networks.
Analysts estimate that the market for video services to the enterprise
is poised to grow from $6 billion in 1999 to over $20 billion by 2003.
The widespread deployment of fiber networks, combined with the
advancements in real-time video technology, has created the ideal
environment for the mainstream adoption of broadband video services.
Real-time interactive video applications can now expand from the
220,000 video room systems currently installed to the more than 200
million networked PCs installed in enterprises today.
"We're all hearing about the explosion of bandwidth. As
telecommunications carriers double their network capacity every 18-24
months, they are seeing the potential to exploit this bandwidth by
adding video services to their existing voice and data offerings,"
explains Mr. McMillan. "FVC.COM has been putting video over broadband
private networks for years, and is unmatched in its ability to put
video over broadband carrier networks. I am excited to lead FVC.COM's
charge into this market."
"We are very fortunate to have an executive of Alan's caliber lead this
important effort," explains Rich Beyer, President and CEO of FVC.COM.
"Alan's leadership has been tremendous over the past four years, and I
look forward to his efforts having a significant impact on our
burgeoning service provider business."
Mr. McMillan has been Vice President of Worldwide Sales for FVC.COM
since 1995. Under his leadership, the company's revenues have gone from
$4M annually to $40M over the past 12 months. Previously Mr. McMillan
was a Principal with Regis McKenna and Vice President of North American
Sales at Software Publishing. Mr. McMillan was a Sloan fellow at
M.I.T., where he received an MS in Management Science.
About FVC.COM FVC.COM (Nasdaq: FVCX), the world leader in broadband
video networking, designs, manufactures and supports a wide family of
products for real-time interactive video, streamed video and broadband
access. Designed for high- quality video delivery integrated with voice
and data, these products enable applications such as video calls, video
conferences, video mail, and conference overflow and video events.
FVC.COM's OEM, distribution, and system integration partners include
Bell Atlantic Network Integration, British Telecommunications plc,
Cisco Systems, Inc., EDS, France Telecom, IBM, Lucent Technologies,
NEC, Nortel Networks, Telstra and other leading companies worldwide.
Further information about the company is available at
fvc.com .
Cautionary Statement Except for the historical information contained
herein, this news release contains forward-looking statements,
including, without limitation, statements containing the words,
"believes," "anticipates," "expects" and words of similar import. Such
forward-looking statements have known and unknown risks, uncertainties
and other factors that may cause the actual results, performance or
achievements of FVC.COM, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors
include, among others: FVC.COM's limited operating history and
variability of operating results, market acceptance of video
technology, dependence on ATM backbone technology, potential inability
to maintain business relationships with distributors, suppliers,
telecommunications carriers, rapid technological changes, competition
in the video networking industry, the importance of attracting and
retaining personnel, management of FVC.COM's growth, consolidation and
cost pressures in the video networking industry, and other risk factors
referenced in FVC.COM's public filings with the Securities and Exchange
Commission, including the company's report on Form-10 K for the fiscal
year ended December 31, 1998.
SOURCE FVC.COM
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
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CONTACT: Elyse Phillips, Director of Corporate Communications for
FVC.COM, 408-567-7230, or e-mail, ephillips@fvc.com
WEB PAGE: fvc.com |
