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Technology Stocks : Frank Coluccio Technology Forum - ASAP
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To: Frank A. Coluccio who wrote (867)1/5/2000 12:34:00 PM
From: James Fulop  Read Replies (2) of 1782
 
Speaking of fiber-to-the-home, this came out today...

>>Optical Solutions Closes $7 Million Financing Round
1/5/00 Fiber-to-the-home solution provider Optical Solutions,
Inc.(Minneapolis) completed a $7 million round of senior debt financing,
to be funded in equal parts by Comdisco Ventures (a division of
Comdisco Inc.) and Western Technology Investment. This funding
follows the $16 million Series C preferred funding earlier this year,
which included investments from Menlo Ventures, Coral Ventures, St.
Paul Venture Capital and Concord Ventures. These sources of capital,
along with seed capital funding primarily from Coral Ventures, bring the
total amount raised since the company's founding to $31 million.

As announced earlier this month, the company is accelerating mass
deployment of its FiberPath solution. FiberPath allows
telecommunications service providers to economically deliver today's
bundled voice, CATV, and high-speed data services, while establishing
the core infrastructure to provide tomorrow's enhanced services to each
home. FiberPath is the only solution that allows these services to be
provided over one highly reliable and secure Passive Optical Network.<<

fiberopticsonline.com{EE3ABE70-C2CB-11D3-9A82-00A0C9C83AFB}&Bucket=HomeLatestHeadlines
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