RAMP another DSL play - nice move today. Been buying since $12. Given a S. Buy today by analyst.
Monday November 15, 5:00 pm Eastern Time
Ramp Networks outlines DSL growth strategy
NEW YORK, Nov 15 (Reuters) - Ramp Networks Inc. (NasdaqNM:RAMP - news),
which develops Internet access products for businesses, said on Monday it plans to spend
up to $1.5 million per quarter to grow its high-speed services to a third of its revenue stream,
up from the single digit percentage it now holds.
The company did not provide any additional figures.
Ramp Networks Chief Executive Mahesh Veerina told Reuters the company would use various types of digital subscriber line
(DSL) technology to give high-speed access to its customers. DSL technology, which takes advantage of unused capacity on
existing phone lines, allows customers to use a single line to send faxes of make phone calls while surfing the Internet.
Veerina said the company's three types of customers, small businesses, large corporations, and telecommuters or people
working from home offices, would benefit from the DSL offerings.
``With DSL, we see...all three getting impacted,' he said in a telephone interview.
Ramp Networks is scheduled to be shipping the four different types of DSL technologies it plans to use by the end of the
second quarter next year, Veerina said.
The company is also planning on expanding its overseas operations in Europe, Asia and Latin America, which currently make
up about 30 percent of its revenues. Veerina said he targeted the international businesses to generate about 50 percent of the
company's revenue one year from now.
The international expansion will focus on the company's traditional product offerings, such as analog online connections and
Internet voice technology, Veerina said. |
