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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: MikeM54321 who wrote (8007)8/15/2000 8:07:29 AM
From: MikeM54321  Read Replies (1) of 12823
 
Re: ATT and it's MSO Equipment Vendors- Motorola and Phillips

Thread- In the FWIW column comes these two agreements on the same day. I think every MSO equipment vendor has announced an agreement to be ATT's number one supplier.<g> -MikeM(From Florida)

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Deal Boosts Motorola in Pre-Open Trade

NEW YORK (Reuters) - Shares in Motorola Inc. firmed in pre-opening trade on Tuesday after the company said it signed a supply deal with long-distance carrier AT&T Corp.

Motorola said after markets closed on Monday that it had entered a deal to become the main supplier of digital technology to AT&T's broadband, or high-speed Internet, unit. Financial details were not provided.
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Philips set-top box U.S. deal seen as major step

AMSTERDAM, Aug 15 - Philips Electronics' deal to sell a million digital set-top boxes to AT&T Corp is a major step in its push into the U.S. market, analysts said on Tuesday.

Europe's largest maker of consumer products, lighting and semiconductors, said late on Monday it had signed an initial agreement with AT&T Broadband to form a new business alliance. AT&T will begin supplying its U.S. consumers with Philips' boxes in 2001 with an initial volume set at one million units.

Philips, one of the world's top three set-top box producers and joint leader in Europe with Thomson Multimedia , previously decided to develop its market in the United States from scratch rather than buy a U.S. maker.

Analysts said the deal announced on Monday was a demonstration of the success of such a strategy and suggested Philips may be eating into the market dominance of Motorola and Scientific America (NYSE:SFA - news).

Neither company has said how much the deal is worth.
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