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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: PaperChase who wrote (14631)	5/3/2000 3:25:00 PM
From: Neil H	Read Replies (1) \| Respond to of 21876

Related Quotes HSAC LU 8 3/32 59 1/8 -9/32 -2 7/16 delayed 20 mins - disclaimer Wednesday May 3, 3:04 pm Eastern Time Company Press Release SOURCE: High Speed Access Corp. High Speed Access Corp. Initiates Up To $100 Million Cable IP Telephony Rollout With Lucent Technologies DENVER, May 3 /PRNewswire/ -- High Speed Access Corp. (Nasdaq: HSAC - news), a leading provider of broadband services in residential and commercial markets, today announced that it intends to deploy and offer Internet protocol (IP) telephone service over selected cable TV networks across the United States. As part of its strategy, HSA announced an agreement with Lucent Technologies (NYSE: LU - news) under which Lucent will provide network equipment, software and other services valued at up to $100 million. HSA plans to initially offer local and long-distance telephone service to residential and business customers using Lucent's CableConnect(SM) Solutions including equipment based on DOCSIS, an industry-wide specification for delivering real-time services such as IP telephony over two-way cable networks. In addition to providing equipment under the three-year agreement, Lucent will also be arranging third-party equipment financing and make an equity investment in HSA. Lucent and HSA will also work together on future generations of cable IP telephony equipment and software. In December 1999, HSA and a cable partner began testing DOCSIS-compliant cable IP telephony systems in Georgia. As these trials have progressed, HSA has been developing a coast-to-coast rollout strategy. HSA currently provides broadband Internet access via cable modem in 137 communities nationwide and is adding additional systems on a weekly basis. HSA has over 7.5 million cable homes under contract or letter of intent with more than 45 different cable partners. HSA expects to begin commercial deployments of cable IP telephony service in the third quarter of this year. ``We are thrilled to be working with Lucent on the launch of our voice service that will allow us to offer a bundled package of video, voice and data, plus next generation IP services,'' said Dan O'Brien, HSA president and CEO. ``Voice service represents a multi-billion dollar incremental market opportunity for cable operators. This offering not only gives us a competitive telephone service with high-demand features such as call waiting and caller ID, but also the billing and operations software and network services that make it a turnkey solution for our MSO partners.'' ``Providing high-quality telephone service over cable networks requires more than a single piece of equipment, it takes the whole network, and that's what we're delivering to HSA,'' said Tim Gropp, Lucent sales vice president for cable communications. ``HSA is taking a leading role in deploying IP services with this commitment to cable IP telephony.