FVC.COM Names Ed Harris of Vulcan Ventures to Board of Directors Seasoned Veteran Brings Extensive Industry Experience
SANTA CLARA, Calif., Sep 5, 2000 /PRNewswire via COMTEX/ -- FVC.COM (Nasdaq: FVCX chart, msgs), the leader in broadband video networking systems and services, today announced the appointment to its board of directors of Ed Harris, Senior Investment Analyst with Vulcan Ventures Inc., the investment organization of Paul G. Allen.
"I'm pleased to be working with FVC.COM and its management team to bring two-way video and related streaming technologies to the Wired World of Vulcan and to the mass market," said Harris. "We believe two-way video is a breakthrough application for the broadband Internet, and FVC.COM is well positioned with its Click to Meet(TM) platform to drive the adoption of video communications as a practical tool for business."
Prior to joining Vulcan Ventures, Harris was CFO of Starwave, a leading Internet company that was founded by Paul Allen, later sold to Disney in 1997 and merged into InfoSeek. Previously, Harris was CFO of Claircom Communications (now a part of AT&T), a specialized wireless telecommunications company providing in-flight telephone service to airlines and operators of private aircraft. Before Claircom, he was an investment banker with Salomon Brothers, where he worked on a variety of financing, merger and acquisition, and strategic advisory transactions for leading industrial and transportation companies in both the U.S. and international markets.
"Ed's knowledge and experience in the communications industry are a tremendous resource for FVC.COM," said Ralph Ungermann, chairman and CEO of FVC.COM. "His contributions as a director will help us become the dominant provider of broadband video technology and services to enterprises, service providers and end users worldwide."
FVC.COM is the first to offer two-way video and related streaming solutions managed by a common video portal, Click to Meet(TM). It operates across multiple network technologies, including IP, ATM and ISDN. Click to Meet is available as a systems solution for enterprises and service providers, and as a service available from the industry's first operational broadband Video ASP through FVC.COM's growing list of service provider partners.
Vulcan Ventures Inc.
Vulcan Ventures Inc. of Bellevue, Washington was founded by Paul G. Allen in 1986 to research and implement his investments. Through Vulcan Ventures, Allen invests in companies which offer products, services or technologies that fit his Wired World strategy and can contribute to or benefit from the technology and strategy of other companies within the group's extensive investment portfolio. In addition, the group owns Charter Communications, the fourth largest cable operating company in the United States with more than 6 million subscribers. Recent investments include those in innovative content (e.g. Oxygen Media, ZDTV), Internet and e-commerce (e.g. Drugstore.com, eGreetings, Go2Net, Priceline.com, Stamps.com), telecommunications (e.g. Allegiance Telecom, High Speed Access, InterNAP, NorthPoint Communications) and consumer device and service companies (e.g. Replay Networks, TiVo, and Wink Communications). William D. Savoy is president of Vulcan Ventures and represents Allen in his professional and personal financial transactions, as well as manages the Vulcan investment analysts who investigate and secure investment opportunities. Allen remains chairman of Vulcan. For more information on Vulcan visit www.paulallen.com.
About FVC.COM
FVC.COM is the world leader in broadband video networking, providing systems and services to enterprises and service providers. In addition, FVC.COM's Click to Meet(TM) is the industry's first video services solution for high quality, two-way video calls and conferences over the broadband Internet using a Web-based video portal. Click to Meet provides the optimal platform to video-enable a new generation of B2B, B2C and C2C Web applications.
FVC.COM's strategic partners include Accord, Adaptive Broadband, Alcatel, Ameritech, Bell Atlantic, British Telecommunications plc, Cisco Systems, Inc., CUseeMe Networks, EDS, Ezenia!, France Telecom, Nortel Networks, Polycom, Qwest Communications, Shanghai Telecom, Telstra, and other leading companies worldwide. Further information about the company is available at fvc.com .
Cautionary Statement
Except for the historical information contained herein, this news release contains forward-looking statements, including, without limitation, statements containing the words, "believes," "anticipates," "expects" and words of similar import. Such forward-looking statements have known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of FVC.COM, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: FVC.COM's limited operating history and variability of operating results, market acceptance of video technology, FVC.COM's dependence on ATM backbone technology, potential inability to maintain business relationships with telecommunications carriers, distributors and suppliers, rapid technological changes, competition in the video networking industry, the importance of attracting and retaining personnel, management of FVC.COM's growth, consolidation and cost pressures in the video networking industry, and other risk factors referenced in FVC.COM's public filings with the Securities and Exchange Commission, including the company's report on Form-10 K, as amended, for the fiscal year ended December 31, 1999.
Source: FVC.COM
Contact:
Ruth Cox, Chief Marketing Officer of FVC.COM, 408-567-7200, or
rcox@fvc.com; or Susan Pierson Brown of Vulcan Ventures Inc., 425-453-1940, or
susanp@vnw.com; or Cathy Caldeira, ccaldeira@LNScom.com, or Mary Beth West,
mwest@LNScom.com, both of LNS Communications, 617-577-9777, for FVC.COM
URL: fvc.com |
