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Microcap & Penny Stocks : DCIC/FTEL/FNET
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To: Mitch Aunger who wrote (223)8/6/1996 12:47:00 AM
From: semi-recumbent   of 405
 
Anyone notice the irony here? What was once a drawback of FTEL technology was its incompatability with the legacy systems of their potential customers (legacy meaning what they have already spent their money on)! This put a wet blanket on FTEL's business last year.

Now what we read in the FNET news release is a statement attributed to GRIDNET management as follows "According to O.G. Greene, president and CEO for GridNet, "We are extremely excited about the future relationship with Franklin Telecom and FNet. Franklin is positioned to offer unique, innovative and comprehensive solutions by utilizing GridNet's extensive access network, coupled with a high quality, fully meshed ATM network for connection to the Internet and intranet."
Greene went on to say, "The broad geographic coverage and capacity of The Grid (GridNet's Network), will allow Franklin to deploy its services nationwide very quickly. GridNet is not burdened with legacy systems. We have efficiently deployed the latest technologies in a way no other carrier has done before."

---What was once a negative factor of FTEL's high speed equipment has been reborn as an asset to a company, GRIDNET, on the cutting edge. Boy, what a tortuous detour Frnk Peters had to take to sell his better mouse trap. Ingenious.

Sam
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