My long term holds are ANCC, OPTO, and SCOC.
Todays news on ANCC AH's:
Monday January 10, 4:32 pm Eastern Time
Company Press Release
AirNet Announces $3.8 Million Contract with Choice Wireless
MELBOURNE, Fla.--(BUSINESS WIRE)--Jan. 10, 2000--AirNet© Communications Corp. (Nasdaq:ANCC - news) Monday announced a $3.8 million contract with Choice Wireless, LLC, a wireless service provider headquartered in north Texas.
Under the contract, AirNet will supply GSM (Global System for Mobile Communications) infrastructure equipment to begin build-out of Choice's Ardmore, Okla., Wichita Falls, Texas, and Sherman-Denison, Texas Basic Trading Areas (BTAs).
The equipment to be supplied by AirNet includes AdaptaCell(TM) broadband software-defined Base Transceiver Stations (BTSs) and AirSite© Backhaul Free Base Stations(TM) and switching equipment.
``We evaluated a number of different products and concluded that AirNet offered the infrastructure solution that fit our needs best,' remarked Mike Clough, CEO of Quantum Communications Inc., Managing Agent for Choice. ``AirNet's ability to eliminate most of the cost associated with backhaul was a key factor in our decision, as was AirNet's ability to offer us a broadband, software-defined solution that was readily upgraded to support wireless Internet services.'
``AirSites can pay for themselves by eliminating the need for a T1 backhaul link,' said Dr. Lee Hamilton, president and CEO of AirNet. ``At a savings of $500 to $1500 per month per base station, an operator can quickly amortize the purchase price of an AirSite out of backhaul savings alone. Once that's done, the operator continues to enjoy the `free backhaul' advantage.'
``Wireless operators are beginning to appreciate the importance of having a well-defined migration path from voice to high-speed data,' said Glenn Ehley, AirNet's vice president of sales and marketing. ``Together, GSM and AirNet give them that. GSM has a well-defined evolution path from voice to high-speed Internet services and AirNet offers software-upgradeable infrastructure that `grows' all the way to 3G.'
AirNet Communications Corp. provides wireless base stations and other telecommunications equipment designed to allow service operators to cost-effectively offer simultaneous wireless high-speed Internet and voice services to mobile subscribers. The company's AdaptaCell(TM) incorporates a patented radio architecture that is designed to enable operators to offer these services by upgrading base stations software rather than deploying new base station hardware. The company's AirSite© Backhaul Free Base Station(TM) carries wireless voice and data signals back to the wireline network without a physical communications link - usually a digital T-1 phone line. As a result, an operator's fixed network operating costs may decrease substantially.
Safe Harbor Statement Under the Private Securities Litigation Reform
Act of 1995.
In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the company notes that this press release contains forward-looking statements that relate to future events or our future financial performance in some cases, you can identify forward-looking statements by terminology such as ``may,' ``will,' ``should,' ``expects,' ``plans,' ``anticipates, 'believes,`` 'estimates,`` 'predicts,`` 'intends,`` 'potential,`` 'continue,`` or the negative of such terms or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including but not limited to: the risk that we will be unable to develop new products and product features in response to changing technology and standards or to modify our base stations to support developing wireless standards; the risk that we will be unable to fully realize the potential value of our customer contracts due to the failure of any one of the numerous conditions which are generally included therein; and the other risk factors discussed in company filings with the Securities and Exchange Commission. The company cannot assume that it will be able to anticipate or respond timely to any of the factors listed above, which could adversely affect operations results.
AirNet© and AirSite© are registered with the U.S. Patent and Trademark Office. AdaptaCell(TM), Backhaul Free Base Station(TM), and We're Ready for Anything(TM) are trademarks of AirNet Communications Corp. Other names are registered trademarks or trademarks of their respective companies or organizations.
Glenn
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