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To: MikeM54321 who wrote (4160)	6/22/1999 5:13:00 PM
From: MikeM54321	Read Replies (1) \| Respond to of 12823

Re: Globespan -- Another(!) DSL Silicon Company BTW, while doing DD on Paradyne, I ran across yet ANOTHER DSL chipmaker. There are so many, I'm losing interest in that sector. It turns out that Lucent sold only the DSL equipment stuff to the Texas group but LU still owns the DSL silicon division. It's called,_____. Well I can't find it now? But from what I recall, they makes chips for every flavor of DSL available! But it's part of Lucent in case anyone is interested. ________________________ Thread, I'm still finding it really amazing how many chipmakers say they are in the DSL sector. A sector that barely has started real world deployments. Here's the DSL chip maker(really a designer) that I referred to in my previous post. Looks like it's going public. It's hard to tell, but I believe Lucent owns them now. Funny that they mention Lucent(their current owner) will be their competitor after they go public<G>. Looks like Lucent wants to take advantage of the hot IPO market for any kind of broadband technology. I'm sure they will make a bundle off the deal. MikeM(From Florida) ********************* GlobeSpan IPO Clouded by Competition NEW YORK, June 22 - GlobeSpan Inc., which develops components allowing high-speed Internet connections through ordinary phone lines, plans to go public this week amid high demand for firms with the know-how to make access faster. But the developer of integrated circuits used in the so-called advanced digital subscriber line technology faces competition from better-known players and the threat that a rival turbo-charged access technology could dominate. "The key to their success is how quickly they can get telecommunication contracts," said Mark Plakias, director of voice and wireless at the Kelsey Group. Plakias said the technology that provides supercharged access to the Internet through cable TV is slightly ahead of DSL, or high-speed data transmission through regular copper phone lines. But he said the game is still wide open. GlobeSpan, whose chip sets installed at each end of a phone line help data travel 100 times faster than current modem technology, plans to offer 3.25 million shares in a range of $9 to $11 a share. The company on May 28 upped the amount to be offered in its first sale ever to the public by 250,000 shares. The lead underwriter in the offering is BancBoston Robertson Stephens. The market for equipment that boosts a common phone line's ability to transmit data will increase seven-fold by 2003, according to Lee Doyle, a vice president at research firm International Data Corp. But Doyle said GlobeSpan will have to succeed in making its products stand out from those of a pack of bigger-name companies, including French telecom group Alcatel . GlobeSpan said in its prospectus other competitors include Analog Devices Inc., Level One Communications Inc. and Lucent Technologies Inc. Formed as a company in 1996 after the divestiture of AT&T Paradyne Corp. by Lucent, the company's 1998 revenues rose to $31 million from $22.5 million in the previous year. In 1998 it posted a $7.8 million loss compared with a $842,000 profit in 1997. The company said it is reliant on a few customers, including Cisco Systems Inc., Paradyne Corp. and NEC Corp. , and it does not make the chip sets it develops.

To: MikeM54321 who wrote (4160)	7/14/1999 11:32:00 AM
From: MikeM54321	Read Replies (1) \| Respond to of 12823

Re: Paradyne as a DSL Play Thread, Looks like it's going to be another hot IPO in the DSL sector. In the FWIW category, remember Globespan? Well it was part of Paradyne that Lucent did not sell to the Texas group(this group bought Paradyne)....Gee I can't even figure out how to word the relationships between Lucent/Globespan/Paradyne. But there are some. MikeM(From Florida) PS lml, the article you posted about DSL technology (remember it was hot on ALA) from the Street.com mentioned Paradyne. _______________________ Paradyne IPO expected price raised-underwriter NEW YORK, July 14 (Reuters) - The expected price range for the initial public offering of Paradyne Networks Inc. (Nasdaq:PDYN - news), which develops broadband and narrowbrand digital and analog products, was raised to $14 to $16 from $12 to $14 in a sign of strong demand, lead underwriter Donaldson Lufkin & Jenrette said Wednesday. The Largo, Fla.-based company plans to offer 6.0 million shares in its IPO slated to price later this week. The company changed its name in June from Paradyne Corp. to Paradyne Networks. Companies providing high-speed DSL, or digital service line, products are seen as hot by investors as broadband needs increase. In the quarter ended March 31, 1999, the company had a net profit of $0.09 per diluted share -- something not often seen in recent IPOs. One of its main customers is Lucent Technologies Inc. (NYSE:LU - news), which accounted for about 35 percent of its total revenue. In its prospectus, Paradyne said its ability to sustain or grow its business could be harmed if it lost sales of products to Lucent.