fvcx news... havent seen quietwon the past few days...
Tuesday October 26, 8:32 am Eastern Time
Company Press Release
SOURCE: FVC.COM
FVC.COM Names Vice President of Business Development for Its Telecommunications Carrier Business
FVC.COM V.P. of Worldwide Sales Alan J. McMillan Assumes New Role
SANTA CLARA, Calif., Oct. 26 /PRNewswire/ -- As part of its new business focus on the telecommunications market, FVC.COM (Nasdaq: FVCX - news) has appointed Alan J. McMillan to the role of Vice President of Business Development, Video Services Business. Mr. McMillan will spearhead the development of partnerships in the broadband carrier market with RBOCs, PTTs, CLECs, IXCs, and ILECs.
This appointment follows FVC.COM's recent announcement of its Broadband Video Services offering, which enables telecommunications carriers to deliver integrated video services over their broadband networks.
Analysts estimate that the market for video services to the enterprise is poised to grow from $6 billion in 1999 to over $20 billion by 2003. The widespread deployment of fiber networks, combined with the advancements in real-time video technology, has created the ideal environment for the mainstream adoption of broadband video services. Real-time interactive video applications can now expand from the 220,000 video room systems currently installed to the more than 200 million networked PCs installed in enterprises today.
''We're all hearing about the explosion of bandwidth. As telecommunications carriers double their network capacity every 18-24 months, they are seeing the potential to exploit this bandwidth by adding video services to their existing voice and data offerings,'' explains Mr. McMillan. ''FVC.COM has been putting video over broadband private networks for years, and is unmatched in its ability to put video over broadband carrier networks. I am excited to lead FVC.COM's charge into this market.''
''We are very fortunate to have an executive of Alan's caliber lead this important effort,'' explains Rich Beyer, President and CEO of FVC.COM. ''Alan's leadership has been tremendous over the past four years, and I look forward to his efforts having a significant impact on our burgeoning service provider business.''
Mr. McMillan has been Vice President of Worldwide Sales for FVC.COM since 1995. Under his leadership, the company's revenues have gone from $4M annually to $40M over the past 12 months. Previously Mr. McMillan was a Principal with Regis McKenna and Vice President of North American Sales at Software Publishing. Mr. McMillan was a Sloan fellow at M.I.T., where he received an MS in Management Science.
About FVC.COM
FVC.COM (Nasdaq: FVCX - news), the world leader in broadband video networking, designs, manufactures and supports a wide family of products for real-time interactive video, streamed video and broadband access. Designed for high- quality video delivery integrated with voice and data, these products enable applications such as video calls, video conferences, video mail, and conference overflow and video events.
FVC.COM's OEM, distribution, and system integration partners include Bell Atlantic Network Integration, British Telecommunications plc, Cisco Systems, Inc., EDS, France Telecom, IBM, Lucent Technologies, NEC, Nortel Networks, Telstra and other leading companies worldwide. Further information about the company is available at fvc.com .
Cautionary Statement
Except for the historical information contained herein, this news release contains forward-looking statements, including, without limitation, statements containing the words, ''believes,'' ''anticipates,'' ''expects'' and words of similar import. Such forward-looking statements have known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of FVC.COM, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others: FVC.COM's limited operating history and variability of operating results, market acceptance of video technology, dependence on ATM backbone technology, potential inability to maintain business relationships with distributors, suppliers, telecommunications carriers, rapid technological changes, competition in the video networking industry, the importance of attracting and retaining personnel, management of FVC.COM's growth, consolidation and cost pressures in the video networking industry, and other risk factors referenced in FVC.COM's public filings with the Securities and Exchange Commission, including the company's report on Form-10 K for the fiscal year ended December 31, 1998.
SOURCE: FVC.COM
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