C-COR to Provide Equipment For @Home Network
From Yahoo:
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Tuesday September 9 8:05 AM EDT
Company Press Release
Source: C-COR Electronics, Inc.
C-COR to Provide Equipment For @Home Network
STATE COLLEGE, Pa., Sept. 9 /PRNewswire/ -- C-COR Electronics, Inc.
(Nasdaq-NNM:CCBL) announced that the company will be providing hybrid fiber-coax
(HFC) equipment to @Home Network (Nasdaq:ATHM - news) for use in its new technical
facility to test and develop high-speed Internet applications and services for its customers.
The test lab, which will be located at @Home Network's headquarters in Redwood City,
California, will be installing C-COR's new FlexNet(R) 900 Series amplifiers, and
FlexNode(TM) fiber optic nodes and other headend AM fiber optics.
@Home Network uses cable modems and its own network architecture to provide high-speed
Internet services. By connecting cable directly to subscribers' PCs, the @Home service
enables users to download information at speeds hundreds of times faster than conventional
modems. In addition to speed and reliability, the service helps guide subscribers through the
vast array of content found on the Web and provides them with local news and information,
email and chat.
Commenting on C-COR's involvement, C-COR President and Chief Executive Officer Scott
C. Chandler stated, ``We are very excited and honored to have been chosen to be an
equipment provider for @Home. High-speed data is emerging as the most significant new
revenue-generating opportunity for cable operators, not only in North America, but
throughout the world. The service is meeting the customers' need for faster on-line access and
leverages the technology advantages of HFC by providing cost-effective, high bandwidth
and scaleable solutions.''
@Home Network Director of Cable Systems Jamie Howard added, ``C-COR's equipment
will play an integral role in helping @Home continue to develop communications solutions.
C-COR has demonstrated a strong track record for being an industry leader, and we look
forward to working with them as we develop innovative, high-speed data applications.''
C-COR (http://www.c-cor.com), founded nearly 45 years ago, designs and manufactures
high-quality electronic equipment used in a variety of communication networks worldwide.
C-COR's headquarters is in State College, Pennsylvania, with production facilities in State
College, Tipton and Reedsville, Pennsylvania. C-COR maintains offices in Denver,
Colorado; Toronto, Canada; Almere, The Netherlands; and Hong Kong. C-COR's common
stock is listed in the Nasdaq National Market under the symbol CCBL. C-COR was recently
selected number 68 of the top 100 of America's fastest-growing companies, as determined by
Fortune magazine (October 14, 1996). The winners were named from a group of 9,000
companies whose growth rates were calculated and analyzed by William O'Neil & Co., Los
Angeles, California.
Some of the information presented in this announcement constitutes forward looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Although the Company believes that its expectations are based on reasonable assumptions
within the bounds of its knowledge of its business and operations, there can be no assurance
that actual results will not differ materially from its expectations. Factors which could cause
actual results to differ from expectations include the timing of orders received from
customers; the gain or loss of significant customers; changes in the mix of products sold;
changes in the cost and availability of parts and supplies; fluctuations in warranty costs; new
product development activities; regulatory changes affecting the telecommunications
industry, in general, and the Company's operations, in particular; competition and changes in
domestic and international demand for the Company's products; and other factors which may
impact operations and manufacturing. For additional information concerning these and other
important factors which may cause the Company's actual results to differ materially from
expectations and underlying assumptions, please refer to the reports filed by the Company
with the Securities and Exchange Commission.
Based in Redwood City, California, @Home Network (http://www.home.net) distributes
high-speed interactive services to residences and businesses using its own network
architecture and a variety of transport options including the cable industry's hybrid-fiber
coaxial infrastructure. The cable connection provides users significant increases in speed
over conventional Internet services, and @Home's network allows for unique content
offerings that go beyond current Web experiences.
Since its founding in May 1995, @Home Network has reached affiliate agreements with
seven top cable companies in North America, including Tele-Communications Inc., Comcast
Corporation, Cox Communications, InterMedia Partners, Marcus Cable, Rogers
Cablesystems Limited, and Shaw Communications. @Home Network and its cable partners
are marketing high-speed Internet services in Arlington Heights, Illinois; Seattle,
Washington; Fremont, California; San Diego, California; Phoenix, Arizona; Baltimore,
Maryland; Hartford, Connecticut; Sarasota, Florida; Northern and Central New Jersey;
Orange County, California; Philadelphia, Pennsylvania; Detroit, Michigan; Omaha,
Nebraska; and Nashville, Tennessee.
@Home Network, @Home and the @ logo are trademarks of @Home Network and may be
registered in certain jurisdictions. All other brands and products are trademarks of their
respective companies.
SOURCE: C-COR Electronics, Inc. |
