Randy Is
trying to help look for a LPTHA , would GDC fit or not ?
BRW is now a fiber Op CO . I have no position in any , but the wife has BRW in her 401
JR
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GDC
52-week Range
2 1/16 - 6 11/16
Tuesday November 16, 8:15 am Eastern Time
Company Press Release
SOURCE: Sonic Telecom, Ltd.
Sonic Telecom, Ltd. Expands its Digital
Communications Network in the USA and
Mexico
CHANTILLY, Va., Nov. 16 /PRNewswire/ -- Sonic Telecom, Ltd., the originator of telecommunications
bandwidth-on-demand and billing by-the-byte, announced today the expansion of its digital Asynchronous Transfer
Mode (ATM) network in North America. Through an interconnection agreement with BroadWing, Inc. (NYSE: BRW -
news), (formerly Cincinnati Bell and IXC Communications, Inc.) Sonic Telecom has added eighty-one cities in the USA
and Mexico to its European network.
The agreement allows Sonic Telecom to terminate traffic originating in Europe in any of the cities throughout the US and
Mexico served by BroadWing, and terminate traffic in Europe, that originates anywhere in the USA. BroadWing can
now offer its customers bandwidth on demand and billing by the byte on one digital network that is managed end-to-end.
``This is a great day for broadband customers. Finally, they can rely on one network that adapts to their applications and
pay only for the transmission resources actually used -- without having to purchase equipment or sign restrictive
contracts. The disruption in the market that innovations like these produce benefits all broadband customers -- but they
benefit our customers first,' said Mike Vent, Chief Network Officer for BroadWing, Inc.
``Our agreement creates a major competitor in the market for data with a combination of services that eclipses the
offerings of AT&T and MCI Worldcom,' added Todd Ruelle, President and CEO of Sonic Telecom, Ltd.
About BroadWing, Inc.
BroadWing, Inc. (NYSE: BRW - news) is an integrated communications powerhouse delivering voice, data, wireless,
and Internet solutions to a variety of customers nationwide. Focused on customer service combined with a premier
next-generation fiber network and award winning IP backbone, BroadWing's reliable high-bandwidth data and Internet
capabilities give businesses a competitive advantage. Headquartered in Cincinnati, Ohio with 5,500 employees in 37
cities, BroadWing can be found on the World Wide Web at broadwing.com.
About Sonic Telecom
Privately-held Sonic Telecom is an international digital communications solutions provider of access, transport and
termination for transmission of video, data and voice on a single ATM network at a fraction of the cost -- and with greater
flexibility -- than private lines and frame relay services. General DataComm (NYSE: GDC - news) and Viatel
International, Inc. (Nasdaq: VYTL - news) are equity holders and strategic partners in the company.
For additional information, visit the company web site at www.sonictelecom.com.
About General DataComm, Inc.
GDC (www.gdc.com) is a leader in the design, development and manufacture of multiservice communications systems
for service providers and enterprise businesses. The GDC APEX© multiservice switching platforms are used extensively
within the world's largest public ATM Wide Area Networks. A broad range of Advanced Network Access products
provide DSL/Universal Access System solutions; integrated analog, DDS and T1/E1/T3 access products; all managed
under a distributed, open network management framework, ProSphere©. GDC is headquartered in Middlebury, CT,
USA, and has an extensive network of subsidiaries and partners located throughout North America, South America,
Europe, the Middle East and Asia.
___________________
GDC APEX© ATM multiservice switches provide the platform to run high-quality low-bandwidth interactive video
solutions at guaranteed service levels. The GDC APEX switch utilizes low-latency, standards-based MPEG-2 video
compression providing users with high-quality video and audio. The SNMP management capabilities provide the control
and management functionality required for large-multimedia network operation.
____________________
Business Summary
GDC designs, assembles, markets, installs and maintains
products and services that enable telecommun. facilities to
build, upgrade and better manage their global networks. For
the nine months ended 6/30/99, total revenues fell 15% to
$123.6 million. Net loss applicable to Common fell 30% to
$20 million. Revenues reflect a decline in the Broadband
System Division. Lower loss reflects a $9 million gain on
the sale of the Technology Alliance Group division.
Recent Earnings Announcement
For the 3 months ended 09/30/1999, revenues were 47,452;
after tax earnings were -3,905. (Preliminary; reported in
thousands of dollars.)
_______________________
Price and Volume
(updated Nov 18, 1999)
52-Week Low
$2.063
Recent Price
$5.875
52-Week High
$6.188
Beta
1.75
Daily Volume
(3-month avg)
121.7K
Share-Related Items
Market
Capitalization
$128.8M
Shares
Outstanding
21.9M
Float
18.8M
Dividend Information
Annual Dividend
none |
