Robertson Stephens Analyst Gives Outlook on Broadband Wireless Access Sector
(BSNS WIRE)
Business Editors
SAN FRANCISCO--(BUSINESS WIRE)--March 2, 2000--
- Jim Friedland Speaks to Investors at Firm's Tech Conference,
Stresses Benefits of Fixed Wireless Technology for Broadband Data
Services -
Robertson Stephens Senior Telecommunications Services Analyst Jim
Friedland today addressed an audience of institutional investors on
his outlook for the broadband wireless access sector and the growing
demand for bandwidth.
Speaking at the investment bank's seventeenth annual Technology
Conference in San Francisco, Friedland said, "The explosion of
Internet users and new applications continues to drive the demand for
bandwidth. By 2002, it is estimated that data will account for 99
percent of the traffic carried by telecommunications networks,
compared to 50 percent today. We expect that traffic will continue to
grow, even accelerate, as new bandwidth-heavy applications are
introduced."
"Of the 750,000 office buildings in the United States, it is
estimated that only 3% are wired with fiber. Connecting a building to
a fiber network can be prohibitively expensive, especially if it is
far from a fiber ring. Furthermore, small- and medium-sized businesses
usually do not generate enough demand to justify connecting fiber to
the building. We expect that the telecom service operators employing
fixed wireless technology will benefit significantly by bringing
broadband access to this previously untapped market," said Friedland.
This year's technology investor conference, being held today
through Thursday, features Robertson Stephens research analysts, as
well as CEOs and CFOs from more than 400 leading technology companies,
together representing more than $3 trillion in market capitalization.
Robertson Stephens is the leading full-service investment bank
focused exclusively on growth companies. In 1999, the firm completed
218 public offerings and 66 private offerings, raising more than $40
billion in capital for clients. In addition, the firm advised on over
85 M&A transactions in 1999 with an aggregate value in excess of $60
billion. The firm's 47 equity research analysts cover nearly 700
companies. Founded in 1978, Robertson Stephens (Legal name:
FleetBoston Robertson Stephens Inc.) is a section 20 subsidiary of
FleetBoston Financial Corporation (NYSE: FBF) and a member of the NASD
and all major exchanges. Together, Robertson Stephens, FleetBoston
Robertson Stephens International Ltd., and Robertson Stephens
Evergreen Securities Ltd. has over 1,000 employees worldwide with
offices in Boston, San Francisco, New York, Menlo Park, Chicago,
London, Munich and Tel Aviv.
--30--CF/ph*
CONTACT: Robertson Stephens
Courtney Weber, 415/537-6895
or
Elizabeth Keys, 202/326-1763
KEYWORD: CALIFORNIA NEW YORK MASSACHUSETTS ILLINOIS
INTERNATIONAL EUROPE AFRICA/MIDDLE EAST
INDUSTRY KEYWORD: BANKING COMPUTERS/ELECTRONICS
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