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Technology Stocks : Wi-LAN Inc. (T.WIN) -- Ignore unavailable to you. Want to Upgrade?

To: axial who wrote (673)	10/7/1999 1:24:00 PM
From: kidl	Read Replies (1) \| Respond to of 16863

Wi-LAN restructures contract with Sweden's Telia GlobalCast Wi-LAN Inc WIN Shares issued 20,648,955 Oct 6 close $10.30 Thu 7 Oct 99 News Release Ms. Heather Oake reports The company will supply Wi-LAN wireless local loop products to a national high-speed wireless network in Sweden and several other European countries with Telia GlobalCast Internetworking AB, a provider of wireless data communication services in Sweden, and a subsidiary of Telia AB, a leading supplier of telecom-based information services in the Nordic/Baltic region. Telia GlobalCast Internetworking AB is using Wi-LAN's Hopper Plus wireless bridges and W-OFDM products to offer high-speed wireless Internet access and intranet services to small and medium-sized businesses and small office/home office workers throughout Sweden in 1999. Similar rollouts will follow in Scandinavia, the Baltics and other select countries. The restructured agreement has appointed Telia GlobalCast Internetworking as an exclusive distributor and as an authorized reseller of Wi-LAN's wireless communication products in unlicensed frequency bands in Scandinavia, the Baltics and other select countries. Telia ordered over $1-million (U.S.) of Wi-LAN product by the third quarter of 1999. Under this new three-year term, Telia GlobalCast Internetworking has agreed to purchase $1.6-million (U.S.) worth of Wi-LAN product for the remainder of 1999, $10.8-million (U.S.) worth of Wi-LAN product in 2000, and acknowledged that it intends to purchase $24-million (U.S.) worth of Wi-LAN product in 2001. "We have restructured the agreement with Telia GlobalCast internetworking to firm up the commitment levels for the first two years," says Bill Hews, president and chief operating officer, Wi-LAN. "We are well positioned with Telia to supply their communications infrastructure according to their phased rollout and to create a stream of shipped product and revenue for Wi-LAN worth more than $9.3-million (U.S.) in our fiscal 2000 year with this contract alone." (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: axial who wrote (673)	10/7/1999 1:46:00 PM
From: Hatim Zaghloul	Read Replies (2) \| Respond to of 16863

I know that you were talking about Telia in the previous posts. I could not share the information with you then. We have just resigned with Telia and they have solidified their commitment to purchase what they intended to purchase in the initial agreement: biz.yahoo.com Hatim