To: Kaliico who wrote (11972 ) 9/10/1999 12:46:00 PM From: Rande Is Read Replies (2) | Respond to of 57584
Franklin Telecom Featured in Fortune Magazine Article; Franklin Among Five Next Gen Telcos Examined WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Sept. 10, 1999-- Franklin Telecom (AMEX:FCM) Friday announced that the company is featured as one of five case studies in a special section on Next Generation Telephone Companies that is included in the Sept. 27, 1999, issue of Fortune magazine. The other companies included in the case studies are Lucent Technologies (NYSE:LU), Clarent Corp. (NASDAQ:CLRN), Sun Microsystems (NASDAQ:SUNW) and Teligent (NASDAQ:TGNT). The section includes an overview article tracing the evolution of the Next Generation Voice Servers along with projections for how this segment is expected to develop and expand globally. Other articles examine new communications infrastructures and how to select an appropriate service provider. The five company profiles were selected to demonstrate various services and applications that are facilitated by these emerging technologies. According to Franklin President Peter Buswell: "Clearly we are gratified that Fortune chose to focus attention on Next Generation Voice Server technology, since this is at the heart of our own product and services line. Their articles are going to introduce a huge audience to the potential that this technology can offer. "We are also happy to have been chosen as one of the companies to demonstrate some of the advanced features that are already available in the marketplace. We're in good company." Buswell went on to say: "In one of the articles included in this special section, Fortune says, 'When the voice services of today -- such as directory services, voice mail and call waiting -- merge with the IP networks of tomorrow, customers will have options they never dreamed possible.' This is precisely what we are doing. We appreciate Fortune helping us tell the world." "I've got to say," Buswell continued, "sometimes I feel like we're the Rodney Dangerfield of the IP companies, if you look at our share price. I'm proud to match our products next to anybody's -- but take a look at these five companies, as of the close of market yesterday. I think the valuation of four of them is reasonable -- but it looks to me like the other one is an exceptional bargain." Company Symbol Closing Price -- 9/9/99 Clarent NASDAQ:CLRN 49 1/16 Franklin Telecom AMEX:FCM 2 3/16 Lucent Technologies NYSE:LU 64 7/16 Sun Microsystems NASDAQ:SUNW 84 3/16 Teligent NASDAQ:TGNT 61 7/8 About Franklin Telecom The primary business of Franklin Telecom is the design and manufacturing of hardware and software solutions that enable superior quality Voice over Internet Protocol applications. For additional information about this company, visit the Officer's Message page at Franklin's Web Site: www.ftel.com -- for Internet Telephony & Franklin's Next Generation Telephone Equipment. www.fnet.net -- for Internet Telephony Next Generation Telephone Service. www.franklin.net -- for Internet Services, E-Commerce and Access. Certain statements in this news release constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements, expressed or implied by such forward-looking statements. --30--WAM/la* KR/la CONTACT: Franklin Telecom, Westlake Village Helen West, 805/373-8688