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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Glenn McDougall who wrote (12044)	6/25/1999 12:14:00 PM
From: WTSherman	Read Replies (1) \| Respond to of 18016

<In your opinion will NN hold or sell into this strength.< Unless they sold their holdings as part of the IPO, I would think they are restricted from selling for a while...

To: Glenn McDougall who wrote (12044)	6/25/1999 2:35:00 PM
From: pat mudge	Read Replies (1) \| Respond to of 18016

Friday June 25 1999 Financial Times June 25, 1999 BT: Multimedia service By Alan Cane and Cathy Newman British Telecommunications is within weeks of launching the long-awaited technology to deliver multimedia, including full-motion video and fast internet access, over ordinary domestic telephone wires. Robert Brace, the group's financial director, told a conference held by investment bankers Merrill Lynch that they should expect "an announcement in August", according to delegates. BT is known to have placed substantial orders with manufacturers of the necessary network and subscriber equipment. The group has been testing the technology, called ADSL, at a number of sites in west London since 1994 and has demonstrated that it works well. The announcement of a national launch of ADSL will end the intense frustration and puzzlement of media groups and internet service providers who are upset that BT has not offered the service earlier. MCI WorldCom, the aggressive new operator is, for example, anxious to offer ADSL services to its customers, but is being forced to wait until BT announces its services to learn its charges for access to its network. Laurence Blackall, chief executive of the internet service provider Internet Technology Group, complained at a conference held by the investment bankers Henderson Crosthwaite that the UK was falling behind other countries in ADSL services. ADSL - a way of compressing digital signals so they can be transmitted effectively over ordinary copper wiring - is extensively used by telecoms operators in the US and elsewhere to deliver multimedia and fully featured internet transmissions. It is understood that although BT is satisfied with the quality of ADSL transmissions, it has delayed announcing the service because of internal tensions. It has not decided which division within the company will be responsible for the service and it is concerned about cannibalising its existing leased line and ISDN (integrated services digital network) offerings. ADSL will provide subscribers with the same level of service for which BT can charge companies many thousands of pounds a year for leased lines or ISDN lines, known in the domestic market as Home Highway. Business users would expect to switch to the lower cost ADSL service once the technology is on offer. Analysts are estimating that rental for ADSL services could be as little as £40 a month. BT's hand has been forced by the readiness of cable television operators to install cable modems to enable co-axial cabling to handle high speed multimedia transmissions. Cable operators planning to market or already marketing cable modems include NTL and Cable and Wireless. <<<<<