SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Orckit (ORCT)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John F. Dowd who wrote (1563)11/4/1998 4:24:00 PM
From: John F. Dowd  Read Replies (1) of 1998
 
To All: This announcement which must have leaked pretty badly the last couple of days is the reason for the pop I would assume:

11/04 09:32 Lucent Technologies and Orckit Communications to
Jointly Market
ORCTF.O><LU.N>

Lucent Technologies and Orckit Communications to Jointly Market DSL Products

for Europe, Middle East and Africa

TEL AVIV, Israel, Nov. 4 /PRNewswire/ -- Orckit Communications Ltd. (Nasdaq: ORCTF) and Lucent
Technologies Inc. (NYSE: LU) announced today that they have signed a sales and marketing
agreement targeting the growing Asymmetric Digital Subscriber Line (ADSL) market in the Europe,
Middle East and Africa (EMEA) region.

Based on the agreement, Lucent will be able to offer Orckit's ADSL products to Lucent's EMEA
customers requiring high-speed local access solutions today. Orckit's FastInternet(TM) ADSL system
combined with Lucent's access and data networking equipment creates a complete ADSL solution
that extends from the central office to a subscriber's home and provides the infrastructure to
deliver high-speed Internet access and other broadband services.

"We are pleased to join together with Lucent in a strategic relationship to provide advanced,
end-to-end ADSL solutions based on Orckit's DSL technology to customers in EMEA," said Mr. Izhak
Tamir, President of Orckit. "This will enhance our ability to offer comprehensive access solutions to
our customers."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News