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.

Technology Stocks : NEXTEL -- Ignore unavailable to you. Want to Upgrade?

To: Rono who wrote (9413)	10/13/1999 2:50:00 PM
From: KLP	Read Replies (1) \| Respond to of 10227

10-13-99 News re NXTL and MSFT...from Geneva yesterday... BTW....WHERE is everyone on this board....Wall Street doesn't seem to be the only ones' yawning... (see our beginning header...).... KLP individualinvestor.com@NEWS-P2&ticker=NXTLNXTL News News Index Wednesday, October 13, 1999 12:48pm ET News Search - Input Company Ticker Ticker Symbol Search TELECOMS-Microsoft sees more phone, cable deals By Jessica Hall GENEVA, Oct 12 (Reuters) - Microsoft Corp <MSFT.O> said on Tuesday it expects to continue investing aggressively in the telecommunications and cable industries to expand the market for its software and services. The Redmond, Washington-based software giant already has made about $7.9 billion in phone and cable investments in the past two years, including a $5 billion investment in AT&T Corp. <T.N> and its $600 million investment in Nextel Communications Inc <NXTL.O>. "The telecommunications industry is already a Top 3 market for Microsoft. Looking out a few years, this is going to be a key growth area. You can expect it to be a top priority and we'll resource and invest accordingly," Jonathon Usher, Microsoft's telecommunications industry marketing manager said in an interview at the Telecom 99 trade show in Geneva. "We never intend to become a service provider or running a telco ourselves, we want to invest in them and provide technology for them to help them deploy next-generation services, IP (Internet protocol) services and broadband services," Usher said. Microsoft's relationship with phone and cable companies will be symbiotic. Microsoft's software and technical expertise will help companies provide new services and products while gaining access to a rich and growing market for its wares. "Increasing the future of the software and communications industries are intertwined and I think that relationship is imperative to meet the growth expectations of both industries moving forward," Usher said. Despite the sharp rise in U.S. telecommunications and cable stocks, Microsoft still sees investment opportunities. The company will continue to invest in established companies, as well as new, emerging companies with "interesting prospects," Usher said. Investments will continue in Europe and the rest of the world. "There's a fantastic opportunity for Microsoft to work with carriers in Europe and the U.S. and worldwide. It's in only just the beginning -- it's in a very embryonic state." In addition to investments in phone and cable companies, Microsoft also is focusing on "intelligent devices" or wireless products that will have voice, data, computing and video power.