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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Lee who wrote (3066)	7/26/1999 9:12:00 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

go2net.newsalert.com Prism Expands RED Availability Beyond the Core of the Big Apple Business Wire - July 26, 1999 09:12 NEW YORK--(BUSINESS WIRE)--July 26, 1999-- Access to high-speed connectivity offers affordable productivity to businesses and teleworkers Prism Communication Services, Inc., today announced the expansion of its RED(SM) high-speed service to areas adjacent to Manhattan, encompassing the entire New York City metropolitan area. In addition to Manhattan, RED will be available in Brooklyn, Queens, Westchester, Nassau County and Greenwich, Conn. The expansion augments Prism's position as a leading provider of high-speed connectivity in the nation's largest and most dense urban area. Specifically designed for small to mid-sized businesses, teleworkers, and power users, RED utilizes digital subscriber line (DSL) technology over standard copper telephone wires, providing always-on high-speed connectivity for customers to access the Internet at speeds up to 1 Megabit (Mbps). Secure, dedicated data communications, including high-speed Internet access, allow these customers to compete more effectively in today's business environment by streamlining communications among employees, customers and suppliers, saving precious time and money. Prism increases its physical coverage to 33 co-locations throughout the metropolitan area using the Nortel Networks(tm) platform. The additional coverage extends RED availability to more than 250,000 small and mid-sized businesses, now offering affordable high-speed access to at least 1.5 million potential business and teleworking customers. "New York City is the most competitive communications market in the country, so it's imperative that we maintain and extend our geographic coverage," said Dennis Kruse, chief marketing officer, Prism. "We designed RED products and services to empower our customers, so they can focus on running their businesses not dealing with technology issues. That's a real life benefit that differentiates us from other providers." Prism offers cost competitive RED pricing and service packages to meet the unique needs of small- to mid-sized businesses, teleworkers and power users: -- RED HomeWork(SM) - a powerful yet economical solution for power users and teleworkers. -- RED PowerWork(SM) - a premium single-user solution for home office and small to mid-sized businesses. -- RED NetWork(SM)- a premium networking solution for growing businesses. In addition to offering RED high-speed connectivity, Prism intends to incorporate key services of its parent company Comdisco, such as automatic data storage and recovery. In addition Prism will offer Web hosting and other communications services that will specifically benefit small and mid-sized businesses. Additional products could also include turnkey telework solutions and other remote access services for Comdisco's larger Fortune 2000 customers. "The combined strengths of Prism and Comdisco benefit our respective customers tremendously," said Nicholas K. Pontikes, CEO of Comdisco. "We're able to apply our expertise in vital business services normally reserved for much larger corporations directly to business management tools for smaller companies. Likewise, Prism can parlay its expertise in high-speed access to develop specific remote connectivity solutions for our clients' distributed workforce. That synergy gives our companies and our customers a competitive business advantage." Prism is in the process of expanding its service availability to 31 additional markets in the U.S. and three markets in Canada throughout the next 12-18 months. The company intends to offer its RED service with voice, video and other products to serve as a single-source communications resource for its customers. Prism Communication Services, Inc., headquartered in New York City, is a wholly-owned subsidiary of Comdisco, Inc. (NYSE: CDO). Through RED(SM), its flagship service, Prism is expanding products and geography to become a leading integrated communications carrier, directly offering a total communications solution that includes high-speed connectivity for data, voice, video, Internet and other secure business application. Designed for small to mid-sized businesses, teleworkers and power users, RED provides tools that enhance customer productivity. For more information, call (800) RED-2000 or visit the Web site at www.redconnect.net.