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Technology Stocks : CrossKeys Systems Corp [CKEY and CKY/TSE] -- Ignore unavailable to you. Want to Upgrade?


To: Francois Lavoie who wrote (677)2/8/2000 10:44:00 PM
From: Helmut  Respond to of 792
 
Did anyone else notice the million-plus shares that appeared to trade in one block on the TSE today, somewhere around C$14.00? Looks like Newbridge had no problem unloading the shares it announced for sale last week at these prices.

HK



To: Francois Lavoie who wrote (677)2/10/2000 5:32:00 PM
From: kendall harmon  Read Replies (1) | Respond to of 792
 
CKEY, good article here

<<In a merger market where deal values routinely reach into the billions, a $28 million deal doesn't generate much juice. But CrossKeys Systems is hoping its buyout of Dynamic Broadband Networks will jump-start its efforts to sell performance management tools to network operators.

CrossKeys last month ponied up $10 million in cash and about $18 million in stock warrants for Dynamic Broadband, a supplier of management software for broadband access service providers. CrossKeys will graft Dynamic Broadband's product line onto its own carrier-class network monitoring products to deliver the means for network operators to track performance from the network core to the end user.

CrossKeys is now beta testing new software, dubbed Resolve Access, that will enable network operators to monitor traffic starting at their backbones and reaching out to customers over a variety of broadband access links, including cable modems, Digital Subscriber Line networks and wireless connections. CrossKeys plans to release the product commercially this spring.

"As subscribers have been given broadband access tools, what we've seen is that certain users are able to consume huge amounts of bandwidth, which can cause inconsistencies in the rest of the network and even into the backbone," says Steve Getz, president of Dynamic Broadband. "Carriers need a way to dynamically manage their networks from one end to the other."

Getting In Shape

Resolve Access enables carriers to shape traffic so no single subscriber gets too much or too little bandwidth. The software also lets service providers provision service tiers so different classes can be sold at different prices.

"What all of this will mean for service providers is reduced provisioning and backbone costs, increased revenue and more consistent and reliable service on the network," Getz says. "Because end users will now have a consistent, dependable network and pricing plans, it also will mean better customer retention rates and the ability on the carriers' part to provide better customer service."

For CrossKeys, the acquisition of Dynamic Broadband offers a quick way to reach across the last mile to deliver an end-to-end management package to network operators.

"We saw that the broadband market was just exploding, and we knew there were great opportunities there if we could find a good partner," says Steve Spooner, chief financial officer at CrossKeys.

Getz says that while other companies had expressed interest in buying Dynamic Broadband, CrossKeys represented a good fit because of its software orientation.

"Some of the capabilities we were looking for are available in hardware products, but with software's flexibility, we can go far beyond what hardware providers can do," Getz says.>>

zdnet.com