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Strategies & Market Trends : The picks

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To: Dorothy Simpson who wrote (2986)	1/25/1997 1:18:00 AM
From: Trader X	of 6124

FTEL up 27% today... news: Franklin inks deal with WebTV WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Jan. 24, 1997-- Franklin Telecom (OBB:FTEL) Friday announced that FNet, its Internet Division, has signed an agreement with WebTV Networks Inc. to offer Internet access using FNet's Internet Service Provider capabilities. FNet will also be able to offer a unique package of hardware and communications capabilities to WebTV Networks and its Internet Service Providers. According to Franklin's President and CEO Frank Peters: "We have been working with WebTV for the last 30 days defining the agreement and testing the technology. This agreement with WebTV is unique in that it is totally pointed toward developing new markets rather than competing for market share."

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