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ThanXXX to Cindy..temptress that she is!..I picked up 800shs of FTEL today at 6 1/8....watched her dive to the low 5's....took some valerian root....checked the newswire after the close and saw the following press release....threw away the valerian root..grabbed the ABSOLUT CITRON and poured a nice big glass....will sleep infront of my puter screen till the market opens to see this puppy up around $7 or thereabouts.....whatcha say Cindy?....higher than $7 tomorrow am?
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Business Wire - October 16, 1997 16:52
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Oct. 16, 1997-- Franklin
Telecom
(OTC/BB:FTEL) announced that it has received an order for Franklin's newly
developed Data/Voice Gateways for installation in a total of more than 200
Points-of-Presence ("POPs")
Franklin Telecom and the unnamed customer have agreed to form a partnership to
share in the ownership and revenue of the network of Data/Voice System. Franklin's
customer has agreed to
purchase the initial units, to be delivered according to an agreed upon schedule over
the next 6
months, at a cost of $2.5 million.
A private IP network and the Internet, ensuring quality-of-service and reliability, will
connect the Data/Voice Gateways. FNet, Franklin's Internet subsidiary, will operate
the network.
The Franklin Telecom Data/Voice Gateways allows phone-to-phone service over the
Internet or Frame Relay using ordinary telephones (no computer required) and without
requiring any special hardware or software at either connection. The new POPs with
Data/Voice Gateways will provide long-distance telephone calls at greatly reduced
cost compared with conventional telephone service providers. The installed network
will be utilized by existing clients as well as FNet customers.
According to Frank Peters, chief executive officer and president of Franklin, "We
completed the internal proof-of-concept for our new technology and we looked for
customers to install a few units
to complete our beta tests. We didn't expect such an enthusiastic reception, although
our analysis of the cost of telephoning over IP networks told us the concept is a
winner. Our customer is a major
company which is preparing a press release of their own at a later date."
According to Franklin, the first production units will be shipped after the demonstration
of the technology scheduled for Oct. 27 in New York. Arrangements are being made
to co-locate the equipment in the premises of a nationwide backbone network, where
they will be connected to the local telephone service provider and to each other.
Additional services, such as voice mail, will be supported in servers and FNet's
facilities in California.
The primary business of Franklin Telecom (OTC/BB:FTEL) founded in 1981, is the
design and manufacture of communication devices, high-speed LAN, WAN, Telco &
Satellite Systems and software. Franklin has an installed base of more than 100,000
nodes worldwide. Franklin's Internet subsidiaries, FNet and Internet Passport provide
services using FTEL products.
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For the record, I feel quite spermatic at the moment. Patrick, dont ask.
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