More on the Siemens win. JGH
August 08, 2000 08:17
Siemens Selects Virata's Helium Chips for Its Second Major DSL Contract With Deutsche Telekom
SANTA CLARA, Calif., Aug. 8 /PRNewswire/ -- Virata(R) Corporation (Nasdaq: VRTA) today announced that Siemens AG Information and Communication Networks Group has selected Virata's Helium(TM) chip for its second major contract with Deutsche Telekom for volume-deployment of Siemen's XpressLink access system. According to a Siemens press release issued on August 3, 2000, the deal with Deutsche Telekom is valued at several hundred million dollars.
"We are delighted with this second long-term win with Siemens and Deutsche Telekom, which further extends Virata's presence in the growing European market," said Charles Cotton, chief executive officer of Virata. "We are pleased to extend our relationship with Siemens and to see our products selected for high-volume deployments worldwide. Moving forward, we intend to maintain our leadership position through unsurpassed service and support as well as further new product introductions."
"We selected Virata technology because it continues to deliver excellent performance at a competitive price and it offers one of the richest feature sets available in the market," said Albrecht Baur, president of the Broadband Access Division of Siemens Information and Communication Networks Group. "Also, because Virata's software on silicon approach delivers the communications processor with all the supporting software in one easy-to-implement solution, we were able to save development time and dollars."
About XpressLink
The XpressLink access system from Siemens provides Deutsche Telekom with a broadband system, enabling the company to offer its customers a range of Internet Protocol (IP) and Asynchronous Transfer Mode (ATM) services. The Asymmetric Digital Subscriber Line (ADSL) system provides access to the Internet at a maximum bit rate of up to eight Mbit/s downstream and 800 kbit/s upstream as well as high-speed access to corporate networks and service providers over ATM and IP. In addition, the same copper access line can continue to be used for analog telephony or Integrated Services Digital Network (ISDN) service.
About Helium
Helium is a low-cost, PHY-neutral communications processor that enables high-speed Internet access capability for single- and multiple-user endpoint devices such as USB modems, home gateway devices and small office/home office (SOHO) routers. The Helium chip is fully integrated with a complete networking and protocol software suite that handles ATM, frame, routing, bridging and signaling functions, as well as SNMP management.
About Virata
Virata Corporation provides communications processors combined with integrated software modules to manufacturers of equipment utilizing digital subscriber line (DSL) technologies. These "integrated software on silicon" product solutions enable customers to develop a diverse range of broadband wireless and DSL equipment including modems, gateways, routers and integrated access devices targeted at the voice and high-speed data network access market. Virata's products are designed to enable DSL equipment manufacturers to simplify product development, reduce the time it takes for products to reach the market and focus resources on product differentiation and improvement.
Virata is a principal member of the ATM Forum, DSL Forum, MPLS Forum, UPnP Forum, HomePNA, ITU and the official Bluetooth SIG organization. A publicly traded company on The Nasdaq Stock Market, Virata was founded in 1993 and is headquartered in Santa Clara, California.
About Siemens Information and Communication Networks
Siemens Information and Communication Networks Group is a leading provider of integrated voice and data networks with a comprehensive portfolio of IP-based products and solutions for enterprises, carriers and service providers. The Group has many years of experience in consulting, planning, installing and operating converged networks. It is an integral part of the Information and Communications (I and C) business segment of Siemens AG, one of the world's largest electrical engineering and electronics companies with sales totaling more than $ 74 billion. I and C comprises the three Groups Information and Communication Networks (51,500 employees, $10.6 billion in sales), Information and Communication Mobile (20,000 employees, $5.3 billion in sales), and Siemens Business Services (34,000 employees, $5.3 billion in sales).
Siemens Information and Communication Networks, Inc., based in Boca Raton, Fla., is a member of the Siemens Information and Communication Networks Group of companies.
For further information about Siemens Information and Communication Networks, visit siemens.com .
Virata is a registered trademark, and Helium is a trademark of Virata. All other trade, product, or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Siemens is a registered trademark of Siemens AG. For Siemens product information, call 800-814-1680.
Except for historical information relating to Virata contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, those relating to evolving industry standards, the pace of development and market acceptance of Virata's products and the DSL market generally, commercialization and technological delays or difficulties, the impact of competitive products and technologies, competitive pricing pressures, manufacturing risks, the possibility of our products infringing patents and other intellectual property of third parties, product defects, costs of product development and manufacturing and government regulation. Virata will not update these forward looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect Virata's financial results is included in the documents Virata files from time to time with the Securities and Exchange Commission.
CONTACT: Kelly Morris of Virata, 408-566-1026, e-mail, Kmorris@virata.com; or Kerri Dimke of Siemens, 561-923-3231; or Investor Relations, Susan Katz, 415-296-2273 or Marcia Nakamura, 415-296-2252, both of The Financial Relations Board.
SOURCE Virata Corporation
/CONTACT: Kelly Morris of Virata, 408-566-1026, e-mail,
Kmorris@virata.com; or Kerri Dimke of Siemens, 561-923-3231; or Investor
Relations, Susan Katz, 415-296-2273 or Marcia Nakamura, 415-296-2252, both of
The Financial Relations Board/
/Web site: siemens.com /
/Web site: virata.com / |
