Here's just another $33 Million dollar order <G>...FYI...
biz.yahoo.com
<<C-COR.net Receives $33 Million Order for Fiber Optic and RF Network Transmission Equipment from Adelphia
C-COR.net's Products to Support Adelphia's Expanded Subscriber Services
STATE COLLEGE, Pa., Feb. 22 /PRNewswire/ -- C-COR.net (Nasdaq: CCBL - news) today announced it had received equipment orders, valued at $33 million, from national MSO, Adelphia Communications, in support of new and existing Adelphia projects in various locations, including Florida, Pennsylvania and New England. During Calendar Year 2000, C-COR.net expects to supply Adelphia with both its 750 MHz product line and its 862 MHz products, including C-COR.net's latest optical Navicor(TM) GPS node, the 900 Series Bridger, and Navicor(TM) Line Extender.
(Photo: newscom.com )
Commenting on the orders, Mike Rigas, Senior Vice President of Operations of Adelphia, stated, ''As pioneers in the cable industry, Adelphia and C-COR.net have established a solid working relationship over time. C-COR.net has historically supplied us with reliable state-of-the art products and quality services. Today, C-COR.net's products are supporting our near-passive networks to deliver data, video and voice services over the broadband pipeline. We believe that C-COR.net has the right products and the proven capabilities to support our rapid expansion of service offerings to our customers.''
Richard C. Taylor, Eastern Sales Manager of C-COR.net, concurred. ''This significant order from Adelphia is particularly gratifying to us given Adelphia's recognized leadership in advanced architectures and services in the cable industry. We are looking forward to supporting Adelphia in this leadership role with our high technology products and technical know-how.''
C-COR.net provides products and support to customers as they plan, design, build and maintain complex broadband communications networks. C-COR.net is a developer and global supplier of high-quality RF and advanced AM fiber optic distribution electronics for two-way HFC (Hybrid Fiber/Coax) networks. The Company also offers comprehensive customer service for the full HFC broadband network life cycle.
In a move to expand its field operations support coast-to-coast, C-COR.net announced on February 21, 2000, that it had completed its merger with Worldbridge Broadband Services, Inc., a leading nationwide provider of outsourced technical and systems integration services for the broadband communications industry. Concurrently, C-COR.net also announced it had completed its asset purchase agreement with Advanced Communications Services, Inc. (ACSI), a California-based provider of advanced broadband network engineering services.
C-COR.net's headquarters is in State College, Pennsylvania, with production and service facilities in State College and Tipton, Pennsylvania; Tijuana, Mexico; Santa Clara, California; and Suwanee, Georgia. C-COR.net also maintains offices in Almere, The Netherlands, and Hong Kong. C-COR.net's common stock is listed in the Nasdaq National Market under the symbol CCBL. C-COR.net's website is c-cor.net.
Some of the information presented in this announcement, including, but not limited to the Company's expectations in connection with the Company's strategic plan and its delivery of products and services to Adelphia Communications, constitutes forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. Factors which could cause actual results to differ from expectations include the successful delivery of its products and services to Adelphia Communications; the ability to integrate the businesses of Convergence.com, Silicon Valley Communications, Inc., Worldbridge Broadband Services, Inc., and Advanced Communications Services, Inc.; the timing of orders received from customers; the gain or loss of significant customers; changes in the mix of products sold; changes in the cost and availability of parts and supplies; fluctuations in warranty costs; the Company's ability to implement its strategies of product, service, and global market expansion; the Company's ability to successfully implement new products and services and enhance existing products and services; economic conditions affecting domestic and international markets; regulatory changes affecting the telecommunications industry, in general, and the Company's operations, in particular; competition and changes in domestic and international demand for the Company's products; continued successful implementation of Year 2000 measures; and other factors which may impact operations and manufacturing. For additional information concerning these and other important factors which may cause the Company's actual results to differ materially from expectations and underlying assumptions, please refer to the reports filed by the Company with the Securities and Exchange Commission
SOURCE: C-COR.net Corp.>>
Best Regards,
Scott |
