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Technology Stocks : COM21 (CMTO) -- Ignore unavailable to you. Want to Upgrade?

To: riposte who wrote (1045)	9/13/1999 8:56:00 AM
From: riposte	Read Replies (2) \| Respond to of 2347

Philips and Com21 Win Major Cable Modem Order Monday September 13, 8:12 am Eastern Time Company Press Release Philips and Com21 Win Major Cable Modem Order from Spanish Operator, Retecal ATLANTA--(BUSINESS WIRE)--Sept. 13, 1999--Philips Electronics, a Com21, Inc. (Nasdaq:CMTO - news) worldwide systems integration partner, recently announced that it is supplying Spanish cable operator Retecal with over 2,000 Com21 ComUNITY Access® System cable modems and 26 Com21 headends in northern Spain by the end of 1999. The wide-scale deployment will cover nine major cities, including Valladolid, Leon, Burgos and Salamanca. In addition to high-speed Internet services, Retecal plans to offer telephone services via its cable modems once the operator can legally provide the service. With 10 Com21 headends already installed, Retecal has nearly 500 data customers and plans on installing 29 Com21 headends by the end of 1999. Com21 Inc., with headquarters in Milpitas, California, designs, develops, markets and sells value-added, high-speed system solutions for the broadband access market. The company's ComUNITY Access system enables cable operators to provide high-speed, cost-effective Internet access to corporate telecommuters, small office/home office (''SOHO'') and residential users in the U.S. and internationally, and enables them to address the distinct price, performance, security and other needs of these different end-user groups. Com21's products include headend equipment, subscriber cable modems, network management software and noise containment technologies. Philips Electronics has already installed Com21 systems in Europe, South America, Japan, and the Pacific Rim. Philips is a leading international supplier of broadband cable networks and advanced digital systems that enable these networks to deliver a full array of interactive services. The company's product range includes radio-frequency (RF) and fiber-optic electronic equipment, digital video systems, digital interconnect systems, cable modem systems, network management technologies and satellite master antenna solutions. Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of US$ 33.9 billion in 1998. It is a global leader in color television sets, lighting, electric shavers, color picture tubes for televisions and monitors, and one-chip TV products. Its 233,700 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, medical systems, business electronics, and IT services (Origin). Philips is quoted on the NYSE, London, Frankfurt, Amsterdam and other stock exchanges. News from Philips is located at www.news.philips.com. biz.yahoo.com