*SUMMARY OF 1996* - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
I have merged Pat's list with mine and have added other details. My apologies for the redundancy, but I hope others will find this useful.
SUMMARY of 1996, 1997 Projections
December 20, 1996 - Singapore Telecom (SingTel) says it will soon offer Asia's first Internet access to services offering video as good as television.
December 20, 1996 - 45 ea. DSLAM shipped from Amati to France Telcom (Stock Price = 14 13/32)
December 9, 1996 - GTE Begins Second Phase of Lightning-fast Internet Access Trial in Redmond, Wash. -- to include up to 100 area firms and 50 additional Microsoft employees. "Customer feedback throughout the trial's first phase has been overwhelmingly positive..." -- the second trial will include Amati's Overture 8 modem.(18 3/4)
November 22, 1996 - NEC Received Order of The World's First Commercial Interactive Multimedia Services Project from Hongkong Telecom. Good for Amati.
November 18, 1996 - Success of First 8 Mbps ADSL/DMT System in Trial with France Telecom. France Telecom Launches First Broadcast Video Service and Internet Mid-band Services at 8 Mbps with New Overture 8 ADSL/DMT Modem Design. (17 7/8)
November 14, 1996 - Amati & NEC Corp. In Deal To Develop VDSL Services.
Amati and NEC will jointly develop the VDSL transceiver LSI using Amati"s DMT technology and NEC"s advanced silicon fabrication facility. Amati says it will also provide software development needed to implement the patented DMT technology using new NEC integrated circuits.
November 11, 1996 - Amati and NEC -- Agreement to Develop Technology and Products for VDSL Services. (60 Mbps of Data and Video Over Copper Wire). (19 11/16)
October 17, 1996 - Amati and TI -- Agreement to Jointly Develop and Market DMT for ADSL Modems based on TI DSPs. (22 1/2)
October 7, 1996 - Agreement with Chatterjee Group, an Affiliate of Soros Fund Management. (24 3/4)
September 17, 1996 - Amati and XEL Comm. -- Plans for Business Agreement on Internet Access Products. (24)
September 11, 1996 - Amati Reports Financial Results for the Fourth Quarter and Fiscal Year 1996. (20 3/8)
September 6, 1996 - Mr. Kim Maxwell (Chairman of the ANSI T1E1.4 Committee) says CAP coffin nailed shut as far as ANSI standard adding second line code. Who is she? (18)
September 4, 1996 - Amati Moves to Larger Facility Consolidates Operations into one Building. (17 5/8)
September 4, 1996 - TV Quality Video Conferencing Over Ordinary Phone Lines Demonstrated by 8x8, Inc. and Amati using ADSL Technology. (17 5/8)
September 1, 1996 - Amati Dir. LATIF, AAMER bought 25,000 shares at $17.75.
August 14, 1996 - GTE/Microsoft announce trials in Redmond, WA, with AMTX modems in Phase II. (17 1/2)
August 14, 1996 - GTE and Microsoft Launch New High-speed Modem Technology Trial to Provide Faster Internet Access. Amati to provide modems. (17 1/2)
August 14, 1996 - GTE Calls its Industry-first, Data Asymmetrical Digital Subscriber Line (ADSL) Trial in Texas a Success. (17 1/2)
August 7, 1996 - Amati and Tadiran Report Positive Results in ADSL Video-on-Demand Trial in Israel. (17 3/4)
July 30, 1996 - Stock price bottomed at 10 1/4, then began upward trend.
July 21, 1996 - InterOperability Conference, Nashua, NH. (14 3/8)
July 24, 1996 - Volatility Index topped out at 28.45 and just when everyone thought the sky was falling, the bull market continued.
July 17, 1996 - General market reversed it's drastic downtrend (correction) and bull market continued.
July 2&17, 1996 - Amati insiders sold shares (HOOD JAMES D 20,000 shares at $18.69 and Treasurer MEDEL TERESITA 2,000 shares at $14.00) Insignificant, stock already in downtrend.
June 26, 1996 - Ericcson announces ADSL products. (20 13/32)
June 25, 1996 - Amati announces the industry's first "board-level modem design product for ADSL services using standard DMT technology. "A 2-daughter board set, and central office module (COM) and remote subscriber module (RSM)." (21 3/8)
June 25, 1996 - Amati announces a new version of Overture 8 specifically designed for Internet access. (21 3/8)
June 25, 1996 - Amati announces Memorandum of Understanding with NEC Corp. to Develop VDSL Transceiver LSI. (1st agreement to develop VDSL/DMT). Amati CEO, Steenbergen says, "We believe the VDSL market will prove to be even larger than the ADSL market and we expect initial product shipments mid-1997." (21 3/8)
June 24, 1996 - Alcatel announces ANSI-compliant ADSL/DMT products. (22 7/8)
June 24, 1996 - Amati's Dr. John Cioffi speaks at SuperComm '96 in Dallas. (22 7/8)
June 24, 1996 - Amati announces Overture 8 ADSL/DMT modem for Internet access. (22 7/8)
June 24, 1996 Amati announces industry's first standard ADSL/DMT core design module set -- based on Amati's Overture 8 ADSL/DMT modem. (22 7/8)
June 21, 1996 - Amati releases information to attempt to clear erroneous facts published today (Licensing issues misrepresented in recent reports) (21 1/8)
June 12, 1996 - Motorola announces CopperGold, based on Amati's ADSL/DMT
technology. (29 7/8)
May 31, 1996 - Amati to Sponsor T1.413 ADSL Interoperability Workshop. Workshop will focus on harmonizing DMT. "sincere intention of interoperation of various vendors' DMT modems." (31 3/4)
May 31, 1996 - Andy Grove, CEO of Intel, says ADSL is solution for digital broadband, not cable. (31 3/4)
May 28, 1996 - General market correction began. Correction bottomed about July 16, 1996.
May 24 to June 03, 1996 - Amati Directors sold shares (VP GRADY, JOSEPH H S 05/28/96-06/03/96 17,500 shares at $31.93-$32.00 *** PR STEENBERGEN, JAMES E S 05/31/96 12,500 shares $31.37-$31.75 *** VP BERRY, BENJAMIN W S 06/12/96 6,000 shares $29.12-$30.12 *** DIR LUCAS, DONALD L S 05/24/96 30,000 shares at $30.37-$34.87 Note: An examination of the time suggests these sells may have been more a matter of foreseeing a general market top than in seeing bad times for the company. As evidence -- nothing bad has happened since then except the general market correction and the accompanying Amati correction.
May 24, 1996 - Stock price topped at 36 1/2, closed at 33 1/4, then downtrend began.
May 22, 1996 - Amati and Telecom of Switzerland report encouraging results in ADSL interactive video trial -- VOD, teleshopping, information and games. (28 3/4)
May 20, 1996 - Amati presents at Van Kasper Growth Stock Conference. Press release mentions VDSL. (28 3/8)
April 29, 1996 - Amati and Motorola Announce Next Step in ADSL/DMT Licensing Agreement . They release plans to jointly develop ADSL modem products; list of products includes "an ADSL/DMT core module that will enable technology to be incorporated into existing network equipment." (15 3/8)
April 5, 1996 - Amati Director sold shares (CIOFFI JOHN M 04/05/96 10,000 $9.00 leaving him with only <G> 894,920 shares). Moral of this story -- don't sell when the good Doctor sells.
April 2, 1996 - GTE expands ADSL data trial (adding Amati) -- announces move to enhance high-speed testing. (8 1/2)
April 2, 1996 - Amati and Sourcecom demonstrate Internet access at speeds far in excess of ISDN. (8 1/2)
March 14, 1996 - Amati insider sells shares (DIR CIOFFI, JOHN M S 03/14/96-03/29/96 90,000 shares $7.06-$9.00 leaving him with 894,920 shares).
February 23 thru March 27, 1996 - Amati insiders sell shares (DIR LUCAS, DONALD L S 03/27/96 10,000 shares at $7.00 *** SEC MEDEL, TERESITA O S 02/23/96 5,000 shares at $7.00 *** SR VP BIVOLCIC, DAVID J S 02/23/96 12,500 shares at $7.00.
February 21, 1996 - Bell Atlantic says ADSL will not be used in complete build-out because it cannot handle live TV; mentions "newer hybrid of ADSL that can handle speeds up to 52 Mbps and is being evaluated by BA and others." (5 1/2)
February 20, 1996 - Second Quarter 1996 Results. (5 5/8)
February 6, 1996 - GTE announces ADSL trials in Texas. Amati not mentioned. (5 7/8)
January 9, 1996 - Jim Steenbergen appointed as President and CEO (8)
November 28, 1995 - ICOT completes the acquisition of Amati and name is changed to Amati Communications Inc. (4 3/4)
********* FUTURE (some are speculation, some are not) *******
Other companies to watch for news: NEC, Motorola, Texas Instruments, GTE, France Telecom, Telecom of Sweden, Alcatel, Microsoft, XEL Comm, Fujitsu, Telstra
A new associate company, an integrator announcement?
NEC -- VDSL developments and perhaps trials announced by NEC and Amati
Motorola -- CopperGold announcements/deliveries.
Texas Instruments -- Amati and TI product announcements
GTE -- more trial results and announcement of plans
France Telecom -- More news
Telecomm of Sweden -- More news
Alcatel - News of Amati benefits?
Microsoft - Involved in trials, will they find a way to profit from xDSL?
XEL Comm -- News on Amati/XEL Comm products
Fujitsu and AMTX partnering in the BT RFP?
News of Telstra trial
January 1997 - Dr. Cioffi and Motorola are speakers at SuperCom 1997.
February 20, 1997 - Second quarter 1997 results (loss is expected)
May 15, 1997 - Third quarter 1997 results (loss is expected)
July 21, 1997 - InterOperability Conference, (date is approx)
September 11, 1997 - Financial Results for the Fourth Quarter and Fiscal Year 1997. Will we see a profit in this fourth quarter?
December 10, 1997 - First quarter of Fiscal Year 98 (first + ??)
December 20, 1997 - Annual Stockholders meeting (approx date)
John |
