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To: pat mudge who wrote (12304)	7/15/1999 4:24:00 PM
From: zbyslaw owczarczyk	Respond to of 18016

Pat, PMCS Sierra, major supplier of ATM chips,posted 15% better then expected earnings!!! Zbyslaw

To: pat mudge who wrote (12304)	7/15/1999 4:56:00 PM
From: zbyslaw owczarczyk	Read Replies (1) \| Respond to of 18016

Can someone explain me what is this: In its statement Telefonica said areas where it might work with Cisco included network infrastructure, online services, broadband access and differentiated Internet/intranet services. Telefonica Enlists Cisco For Internet Push By William Schomberg MADRID, Spain (Reuters) - Ambitious Spanish telecommunications operator Telefonica furthered its Internet expansion strategy Thursday when it teamed with Cisco Systems Inc. (Nasdaq:CSCO - news), a leading maker of Internet network equipment, to develop telecommunications services and products. The deal would allow Telefonica -- the biggest telecommunications company in the Spanish-speaking world -- to provide new online services to businesses and boost its efficiency, Telefonica said in a statement. Cisco, based in San Jose, Calif., stood to optimize its telecommunications equipment, Telefonica said in a statement. Telefonica Chairman Juan Villalonga and Cisco President John Chambers signed the deal Thursday, the statement said. Telefonica is the latest of several telecommunications companies to join forces with Cisco, one of the leaders in a race to deliver voice and video data over the Internet. This month German operator Mobilcom announced a plan with Cisco to offer online phone services. Singapore Telecommunications and QWest Communications Inc., the fourth-biggest U.S. long-distance operator, also allied with Cisco recently. In its statement Telefonica said areas where it might work with Cisco included network infrastructure, online services, broadband access and differentiated Internet/intranet services. ''In particular, special attention will be given to solutions for the new generation of networks based on ATM and IP, modernization of access to the network using new XDSL technologies and provision of new services on IP,'' it added. Asynchronous Transfer Mode (ATM) and X Digital Subscriber Line (XDSL) are types of technology used for data transmission. IP stands for Internet Protocol, a basic technology that allows Web surfers to hook up to the Internet. Telefonica, the dominant telecommunications operator in Spain and in several countries in Latin America, has focused increasingly on developing its Internet services. Last month it announced a deal with British media group Pearson Plc with a view to improving content for its online products as well as its television interests. Also in June, Telefonica hired Lucent Technologies Inc. (NYSE:LU - news), a fierce rival of Cisco, to design and install an Internet-based communications in a roughly $200 million deal. Telefonica recently bought ZAZ, a Brazilian service provider and has begun to offer customers free access to the Internet.

To: pat mudge who wrote (12304)	7/16/1999 10:42:00 AM
From: John Freeman	Read Replies (2) \| Respond to of 18016

Pat, my deepest sympathies, just checked news WOW!! <<Incidentally, I need a little sympathy --- I turned down a private placement in EFNT at 7 --- it was offered in early October and the minimum was in the stratosphere. :(>> john:(

To: pat mudge who wrote (12304)	7/17/1999 12:08:00 AM
From: Tunica Albuginea	Respond to of 18016

Pat,weekend reading: Tech Web 7-12-99 :Meet the New-Age Carriers. techweb.com I am truly sorrry :-) :-) for EFNT. At least you got INKT at the IPO, <vbg>. TA PS: I got in big also on QWST today @ 34. --------- you said The big battle of course is AOL v. AT&T. It would seem to me that even if open access is granted you would be in even greater need of ATM switches to control traffic from the maddening crowd of gazillion ISPs that want to get on board. ATM will manage almost everything: DSL, Cable, Wireless, IP --- it's the most under-appreciated technology out there. Okay. . . I really do have to run. . . Incidentally, I need a little sympathy --- I turned down a private placement in EFNT at 7 --- it was offered in early October and the minimum was in the stratosphere. :(( Pat