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Technology Stocks : EGHT: 8x8, Inc.
EGHT 1.995-0.3%Dec 30 3:59 PM EST

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From: caly11/9/2004 6:18:39 PM
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Press Release Source: 8x8, Inc.

Packet8 Service Provider 8x8, Inc. Issues Statement on FCC VoIP Ruling

Tuesday November 9, 5:50 pm ET

SANTA CLARA, Calif., Nov. 9 /PRNewswire-FirstCall/ -- 8x8, Inc. (Nasdaq: EGHT - News), the Packet8 broadband voice over internet protocol (VoIP) and videophone communications service provider, issued the following statement regarding today's Federal Communications Commission decision that VoIP services like Packet8 are interstate in nature, thereby preempting efforts by state and local authorities from regulating such services.

Bryan R. Martin, Chairman and CEO of 8x8, Inc., stated: "The FCC made a historic decision today for the future of Internet-based telephony services like Packet8. By declaring that these services are interstate by their very nature, and asserting federal jurisdiction over how such services are regulated, the FCC has taken a decisive step towards ensuring that innovative new IP-based applications, services and choices will be available to all consumers."

8x8 has been lobbying the FCC and other federal officials since September 2003, when it began receiving letters from several state regulatory agencies asserting jurisdiction over the Packet8 voice and video telephony service.

Today's decision from the FCC enables VoIP service providers like 8x8 to avoid negotiating rates, rules and services with separate and individual state governments and continue to offer new, competitively-priced Internet phone services to residential and business broadband subscribers.

About 8x8, Inc.
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