General Instrument Corp.'98 (GIC) Message Board

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Technology Stocks : General Instrument Corp.'98 (GIC)

GIC 30.87

-0.1%

Jan 9 3:59 PM EST

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To: louis mason who wrote (554)	4/8/1999 1:39:00 PM
From: louis mason	Read Replies (1) of 615

Look at this news: "Thursday April 8, 12:28 pm Eastern Time SOURCE: General Instrument Corporation General Instrument and AT&T Sign Agreement to Develop IP Telephony Access Network Solutions Agreement Names GI as First Contracted Development Partner of Integrated IP Broadband Networking Solutions for AT&T's IP Telephony Initiative HORSHAM, Pa., April 8 /PRNewswire/ -- General Instrument Corporation (NYSE: GIC - news) announced today it has signed an agreement with AT&T under which GI becomes the first contracted development partner of Internet Protocol Telephony hybrid fiber-coax access network elements for AT&T's end-to-end IP solution. Under this agreement, GI is to develop, trial and deliver customer premises equipment on a non-exclusive basis as part of a HFC IP telephony access system that will provide AT&T another way of offering data, voice and video services over its HFC network. The AT&T broadband network will initially employ circuit switched technology, utilizing advanced networking and Voice-over-IP (VoIP) technologies in the future. ''We are very pleased to formalize our relationship with AT&T and continue work on this groundbreaking project -- an end-to-end IP access network solution for AT&T's HFC network,'' said Dan Moloney, Senior Vice President and General Manager of GI's Advanced Network and Telecom Systems. ''This signifies the growing importance of IP technology and further establishes GI's leadership role in providing IP solutions.'' GI's development activities will encompass CPE solutions to support AT&T's VoIP application. GI's suite of industry-standard communication gateway solutions includes stand-alone Broadband Telephony Interface (BTI) terminals and integrated BTI solutions for the DOCSIS-based SURFboard® high-speed cable modem and the DCT-5000+ advanced digital set-top terminal. The DCT-5000+ with built-in cable modem will be available under GI's agreements to supply over 15 million digital set-top terminals, over a 3-5 year period, to AT&T and other leading cable system operators under the industry's Open Cable specifications." Am I the only one left here? I hope you guys didn't sell out quite yet. lmason

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