Monday March 20, 6:03 am Eastern Time
Company Press Release
Winstar to Provide Broadband Access to New York Stock Exchange
Winstar to Support NYSE Common Access Point Extranet Service
NEW YORK--(BUSINESS WIRE)--March 20, 2000--Winstar Communications, Inc. (NASDAQ: WCII - news) today announced that it has agreed to support the New York Stock Exchange (NYSE) as the only fixed wireless broadband service provider for the next-generation NYSE Common Access Point(TM) (NYSE: CAP(TM)) Extranet network. Winstar will provide the NYSE and its customers with high-bandwidth connectivity, establishing a direct link to the NYSE's business services.
At the launch of the NYSE CAP program, Winstar will offer secure, fully-scalable broadband wireless connections between the NYSE's hosting facilities and the various NYSE customers. Eventually, Winstar will support additional network-based broadband service offerings, including frame relay, ATM (Asynchronous Transfer Mode) and Internet services.
``We are proud to offer another choice to the New York Stock Exchange and its customers,' said Frank Madonna, senior vice president of Winstar's Large Account group. ``The true broadband potential of Winstar's extensive and dependable network will support the critical financial transactions and services of the NYSE CAP program. As a direct provider, Winstar will deploy broadband access rapidly and cost-effectively for the NYSE and its customers and related organizations. Additionally, we provide a natural back-up, which will be crucial in the event of any terrestrial service disruptions.'
``An easy way for us to expand our reach and provide easy access to our customers is to connect to networks such as Winstar's, leveraging customers' technology investments and reducing the time to market for our products,' said William Bautz, senior vice president and chief technology officer of the NYSE. ``It creates a win-win-win situation for all parties.'
Winstar, along with a number of other major terrestrial carriers, will support several new NYSE programs that will be delivered through the NYSE CAP, including NYSE Direct(TM), e-Broker(TM), Institutional XPress(TM), Front End Systemic Capture (FESC) and TCP/IP connectivity to FIX and CMS message interfaces used to send electronic orders to the NYSE point-of-sale via SuperDot©. NYSE CAP also supports existing services such as the remote delivery of the Exchange's Broker Booth Support System (BBSS) and the delivery of customer's proprietary applications to the trading floor.
About NYSE
The New York Stock Exchange is the world's premier equities market, listing 3,030 companies with a total global market capitalization of $16.8 trillion. NYSE-listed companies range from ``blue chip,' to many of the world's leading technology companies, to young, high-growth enterprises. Among the advantages the NYSE offers these companies are access to the world's largest pool of capital and outstanding liquidity and transparency; the opportunity to significantly expand and diversify a company's shareholder base; greater global visibility; and extensive research coverage. The NYSE, a leader in innovative trading capabilities and systems, employs the most advanced communications and computing technologies to deliver fast, efficient, reliable and cost-effective trade executions. Further information on the NYSE can be obtained at www.nyse.com.
About Winstar
Winstar Communications, Inc. (www.winstar.com) helps companies around the globe engage in Frictionless Business(sm) through the use of seamless communications and technology. Winstar provides its customers with a comprehensive set of high-quality, digital-age broadband communications services, including high-speed Internet access and data transport, Web-based information, Web hosting and local and long distance services.
Winstar offers its services in more than 70 markets throughout the U.S. and in Europe, Asia and South America. It is the largest holder of broadband fixed wireless spectrum, with licenses in the top 60 U.S. markets and in 10 international markets. Winstar's broadband fixed wireless capabilities complement and extend the reach of its extensive fiber network. The company's long-haul fiber network, which supports IP (Internet Protocol), ATM (Asynchronous Transfer Mode) and Frame Relay, will extend more than 16,000 route miles and connect the top 60 U.S. markets. Winstar's intracity fiber network will consist of nearly 6,000 route miles in over 60 major domestic and international markets.
Winstar's Tier 1 Internet backbone and enhanced Web service offerings, including Web hosting and design, make Winstar one of the largest Internet companies in the U.S. The company's innovative applications enable businesses to take advantage of the new Internet economy. In 1999, the company launched Office.com©, A Service From Winstar (www.office.com), the new online business service for small and medium-sized businesses. Office.com was ranked first overall among Online Business Centers by Cahners In-Stat Group.
Winstar is based in New York City. The company has strategic relationships with several leading corporations, including Lucent Technologies; Williams Communications, Inc.; CBS Corporation; and Microsoft Corporation.
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in Winstar's SEC reports and other filings.
Winstar and Office.com are registered trademarks, and Wireless Fiber and Frictionless Business are service marks, of Winstar Communications, Inc.
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Contact:
Winstar Communications, Inc., New York
Kevin Cavanaugh
Senior Manager, Corporate Communications
(212) 792-9671
kcavanaugh@winstar.com
or
NYSE, New York
Ray Pellecchia
(212) 656-2001
rpellecchia@nyse.com |
