peter...
it has not been pretty, as you quickly noticed.
take one part asian madness, two parts kurlak, add next some
assorted disappointments of the earnings variety & there you have it:
fire burn and cauldron bubble,
analysts downgrade and investors in trouble...
anyway ( maybe more vacation is the answer?),
have a look at some news for now....
Technology News
Tue, 2 Jun 1998, 4:23am EDT
BN 6/2 Sprint Offers New Network for Simultaneous Calls, High Speeds
Sprint Offers New Network for Simultaneous Calls, High Speeds
New York, June 2 (Bloomberg) -- Sprint Corp. will introduce
today a new phone network that will allow users to make multiple
calls, receive faxes and use the Internet at high speeds, all at
the same time through a single connection.
Sprint said the new network, developed at a cost of more
than $2 billion over five years, can deliver a typical voice call
at a cost that's more than 70 percent less than existing
networks. It can also provide full-motion video calls and
conference calls at a cost less than that of a typical long-
distance call, Sprint said.
The introduction by the No. 3 U.S. long-distance company
comes as phone companies race to allow customers to send and
receive data and other transmissions at faster speeds. The
network, called Integrated On-Demand Network, will allow users to
access the Internet at speeds up to 100 times faster than
conventional modems, the company said.
The network will be made available to large business
customers later this year. It will be offered to smaller
businesses by mid-1999 and to residential customers by late 1999.
The network is based on Cisco Systems Inc. hardware
utilizing so-called asynchronous transfer mode technology. It
also uses software from Science Applications International
Corp.'s Bellcore. Access to the network, as well as the necessary
hardware and software, will be sold to consumers through Tandy
Corp.'s Radio Shack electronics stores.
Sprint will make the announcement later today at a press
conference in New York.
Ernst & Young LLP, Silicon Graphics Inc. and Tandy are among
the businesses that have already signed up to use the service,
Sprint said.
Sprint's announcement comes two weeks after BellSouth Corp.
said it would offer high-speed Internet access in 30 cities by
next year. U.S. West announced in early May that it would
introduce high-speed Internet access using asymmetrical digital
subscriber lines in 40 cities.
Westwood, Kansas-based Sprint rose 1/16 to 71 15/16 Monday.
--Courtney Schlisserman and Andrew Galvin in the New York newsroom (212) 318-2300 with reporting by Colleen McElroy in Denver /ag
c Copyright 1998, Bloomberg L.P. All Rights Reserved.
The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities |
