Lucent Technologies Signs Letter of Intent to Resell Entire FVC.COM Product Line
Agreement Takes Advantage of Compatible Technologies for Voice, Video and Data Networks
SANTA CLARA, Calif., Jan. 28 /PRNewswire/ -- FVC.COM (Nasdaq: FVCX), the leading provider of Next Generation Internet video applications, today announced that Lucent Technologies has signed a letter of intent to purchase and resell the entire line of FVC.COM voice, video and data products. The agreement takes advantage of the synergy between Lucent's IP and broadband network core technology and FVC.COM's broadband NGI videoconferencing, IP video streaming and WAN access expertise.
FVC.COM products fall into three categories: interactive video, streaming and broadcast video, and network access. These products provide a total enterprise solution for video applications across Intranets, the Internet and the Next Generation Internet (NGI). The product lines include WAN access switches, adapters, gateways, video broadcasting and storage servers, call and content management applications and viewers, and Multimedia Operating Software (MOS).
"This agreement allows us to extend the reach of FVC.COM's products to a wider set of customers," said Rich Beyer, chief executive officer of FVC.COM, "and we believe this further affirms our leadership in video networking."
The letter of intent will serve as an interim agreement until a formal agreement is completed.
About FVC.COM
FVC.COM is the leader in video applications over the Next Generation Internet (NGI). The NGI is the new broadband Internet, being deployed by service providers and enterprises for the integrated delivery of voice, video and data applications. FVC.COM's products enable end-to-end video in a wide range of room and desktop environments for video applications such as distance learning, distance meetings, and distance medicine. Founded in 1993 by technology pioneer Ralph Ungermann, FVC.COM designs, manufactures and supports a full video networking product family that includes NGI access devices, adapters, gateways and video storage servers.
FVC.COM's distribution and system integration partners include leading telecommunication and networking companies throughout the world, such as Ascend Communications, Bell Atlantic Network Integration, British Telecommunications plc, EDS, France Telecom, IBM, Lucent Technologies, NEC, and Nortel. Further information about the company is available at fvc.com.
Cautionary Statement
Except for the historical information contained herein, this news release contains forward-looking statements, including, without limitation, statements containing the words, "believes," "anticipates," "expects" and words of similar import. Such forward-looking statements will have known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of FVC.COM, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: FVC.COM's limited operating history and variability of operating results, market acceptance of video technology, dependence on ATM backbone technology and the Next Generation Internet, potential inability to maintain business relationships with distributors and suppliers, rapid technological changes, competition in the video networking industry, the importance of attracting and retaining personnel, management of FVC.COM's growth, consolidation and cost pressures in the video networking industry, dependence on key employees and other risk factors referenced in FVC.COM's Registration Statement on Form S-1, File No. 333-38755, declared effective on April 29, 1998.
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