hi Frank, a couple of months ago you asked what type of fiber Telergy is deploying. The
press release below answers that question.
I have done some reading of the Prospectus and have decided against investing in the company.
I think "Bucket Shop" is the correct term.
==================
Telergy to Deploy Corning MetroCor Fiber for Northeast Build
Business Wire - June 07, 2000 16:11
CORNING, N.Y.--(BUSINESS WIRE)--June 7, 2000--Telergy Inc., a
facilities-based provider
of integrated broadband telecommunications services in the Northeastern
United States,
announced today that it plans to deploy Corning(R)MetroCor(TM)fiber,
Corning Incorporated's
(NYSE: GLW) newest optical fiber innovation, created specifically for
metropolitan and regional
applications.
MetroCor fiber was created to help reduce cost in metropolitan and regional
networks by
eliminating the need for dispersion compensation, using less expensive
opto-electronics, and
reducing the amount of amplification needed along the network path. The
extended reach of
MetroCor fiber is three times greater than that of standard single-mode fiber.
MetroCor fiber
directly addresses the high growth rate that metropolitan areas are
experiencing and helps to
reduce network complexity and make networks more reliable.
According to Brian Kelly, Chairman and CEO of Telergy Inc., "Our network
is designed to
serve customers with various bandwidth requirements and to deliver the
highest
quality-enhanced services. By deploying MetroCor fiber in our network, we
expect to meet
these bandwidth needs while our network performance and integrity
improves. We believe that
these benefits will provide a distinct advantage to our customers."
Roger G. Ackerman, Chairman and CEO of Corning Incorporated, added, "It
is an outstanding
vote of confidence for our product that Telergy has selected MetroCor fiber
for deployment in
its own headquarters in Syracuse, New York. The fact that both the Corning
Incorporated
headquarters and the Telergy Inc. headquarters are located in New York
State, where the
MetroCor fiber network will be initiated, is truly exciting."
Telergy is the fourth customer for MetroCor fiber following Williams,
Carrier1, and LightSpeed
since its introduction on March 1. MetroCor fiber is G.655-compliant,
single-mode non-zero
dispersion-shifted optical fiber that operates across the entire useable
bandwidth from 1280nm to
1625nm.
Founded and headquartered in Syracuse, New York, Telergy is a facilities
based provider of
integrated broadband telecommunications services and high-bandwidth fiber
optic capacity in the
northeastern United States. |
