Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (64601)	10/5/1999 11:32:00 AM
From: puborectalis	Respond to of 120523

HLIT finally rebounding from doldrums of last week....news too!....TM Wireless Signs Agreement With Harmonic Data Systems Announcing Two-Way Broadband VSAT IP Solution IRVINE, Calif.--(BUSINESS WIRE)--Oct. 5, 1999--STM Wireless Inc. (STM) (Nasdaq:STMI) today announced an agreement with Harmonic Data Systems Inc. (HDS), a subsidiary of Harmonic Inc. (Nasdaq: HLIT), to provide a two-way broadband product portfolio that combines STM's SpaceWeb VSAT system with HDS's CyberStream(TM) IP over DVB/S MPEG-2 broadband technology. The STM/HDS solution will enable corporations and service providers to offer two-way fast Internet access, virtual private networking, videoconferencing, large volume data/file transfer, multicasting, data broadcasting, and push services. Emil Youssefzadeh, Chief Executive Officer of STM, stated, "We believe that by combining HDS's CyberStream Enterprise system with STM's portfolio of two-way VSAT technology, we can offer a family of high-performance two-way broadband products that can be used for a variety of applications." David Price, HDS's Vice President of Business Development, stated, "The demand for low-cost, high-performance two-way broadband IP products is growing both in the US and overseas. We believe that the HDS/STM combined solution is a superior value proposition for customers that are either unable to or do not want to use conventional terrestrial return paths."