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 : Advanced Fibre (AFCI) ** IPO -- Ignore unavailable to you. Want to Upgrade?

To: Andre Daedone who wrote (2933)	3/14/2000 5:27:00 PM
From: Nevin S.	Read Replies (1) \| Respond to of 3299

This should help the cause....Viva le UMC1000! biz.yahoo.com Tuesday March 14, 4:00 pm Eastern Time Company Press Release SOURCE: Advanced Fibre Communications, Inc. Advanced Fibre Communications Signs Multi-Year Supplier Contract With France Telecom for Access Equipment PETALUMA, Calif., March 14 /PRNewswire/ -- Advanced Fibre Communications©, Inc. (AFC) (Nasdaq: AFCI - news), a leader in multi-service access solutions, announced today that it has signed a new multi-year contract with France Telecom to provide AFC's UMC1000© Multi-Service Access Platform. The contract award results from AFC's response to a France Telecom tender offer for the supply of digital and analog access multiplexers (MASAN). Under terms of the supply contract, AFC will provide its UMC1000 48-line and 120-line Multi-Service Access Platform for deployment in France. The new contract includes the option to deploy AFC's access equipment in the France Telecom metropolitan network and in France Telecom's worldwide subsidiaries. In addition, this new agreement provides the opportunity for AFC and France Telecom to jointly specify and develop products should the requirement arise. AFC and France Telecom are also in final negotiations on a services contract for the UMC1000 installed base in France. ``We are very pleased with this contract award,' said John Schofield, AFC's president and chief executive officer. ``France Telecom has been a key, strategic AFC customer since 1995. This contract exemplifies AFC's new sales strategy of focusing on select markets and customers.' ``AFC is committed to supporting France Telecom's strategy of offering multi-band services to its customers in France and throughout the world,' noted Robert Yates, AFC's vice president of international sales. ``AFC's inherent, low fixed cost and ability to add enhanced narrowband, wideband and broadband services, as the customer needs them, is a tremendous advantage when deploying these services in the ever increasing competition among global service providers.' Yates continued, ``With nearly 100,000 access lines of AFC equipment deployed in the France Telecom network under the previous contract, this contract award is an outstanding endorsement of our Multi-Service Access Platform. It serves as a testimony to our strategy of minimizing the cost of ownership through the advantages of an end-to-end Integrated Multi-Service Access Platform.'