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Technology Stocks : MONI - Marconi Nasdaq ADR
MONI 0.00346-3.9%Nov 7 9:30 AM EST

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To: danofthebes who wrote (9)10/20/2000 11:45:37 AM
From: danofthebes  Read Replies (1) of 129
 
Background on the Marconi/Atlantic relationship

I assume the network referred to is Fibreway which Marconi is spinning off soon. Still trying to figure out if we will receive cash in lieu for the spinoff.

...trials of high-speed data technology supplied by Marconi. The trials are progressing well and the project plan remains on track to launch a commercial high-speed service around Easter 2000. This technology can deliver data to customers at up to 3.2 Mbs in either direction using internet protocols ("IP") on the air interface from the base stations to the customer. ... Today we have announced a Strategic Partnership with Marconi, allowing us access to a state-of-the-art national fibre network and cash, which results in Marconi having an important equity holding in atlantic.

atlantic-e.com
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