Greg...Here's a company ( CMVT)that bought out my first holding....(BSTN...voice mail eqp).........picked B up in 89 when it was a penny stock...(.a close friend was a telecom nut...)....IF I had held....(...:(...)...I would be the delirious holder of about 50K shares..(.cost adjusted....about 50 cents..).....OH WEll......
I hold no position...but it still looks interesting...MSDW just put out a strong buy on them..........
Best to you (all)
Tim
Tuesday May 16, 8:10 am Eastern Time
Company Press Release
Comverse Network Systems Provides Large Scale Mobile Data System To
Guangdong Mobile Communications
Service To Include Wireless Internet Content Delivery
WOODBURY, N.Y.--(BUSINESS WIRE)--May 16, 2000--Comverse Network Systems, a division of Comverse Technology, Inc. (Nasdaq:CMVT - news), and the world's leading
supplier of software and systems enabling network-based enhanced services, today announced that it has won a contract from Guangdong Mobile Communications Co. Ltd.
(GMCC) to provide its high-capacity, large-scale mobile data system, enabling wireless Internet applications.
GMCC is a subsidiary of China Telecom (Hong Kong) Ltd. (NYSE:CHL - news) grouped under the China Mobile Communications Group (CMCG), the largest mobile operator in
China and one of the largest mobile operators in the world. With a customer base of seven million - predicted to exceed eight million by the end of 2000 - GMCC is the
largest provincial mobile operator in China.
Under the contract, subscribers will benefit from a number of new value-added services. These range from voicemail notification and mobile-originated short messages, to
IOD (Information On Demand) applications such as mobile banking, stock transactions, weather information and flight scheduling. The new, ultra-high-capacity system will
be deployed across 20 systems in ten cities in Guangdong.
``We are delighted that GMCC has chosen our technology for its mobile data applications,'' said Itsik Danziger, President of Comverse Network Systems. ``The Guangdong
province not only has the largest mobile user base in China, it is also known for its pioneering use of technology. This contract highlights the close strategic relationship that
we have with GMCC.''
GMCC chose Comverse because of its international expertise in delivering enhanced network services, the stability of its products and its experience in launching them to the
mass market. GMCC was also impressed by the company's ability to offer a full suite of enhanced services instead of a single service solution.
``China's mobile users are looking for value-added services that will provide integration between telecommunications and the Internet,'' added Comverse's Danziger.
``GMCC is both an Internet Service Provider and an Internet Content Provider. These integrated services enhance customer loyalty.''
Comverse has been operating in China since 1993. The company has offices in Beijing and Guangzhou with two research and development centres in Shenzhen and Hong
Kong. Comverse plans to open its Shanghai office in May, 2000. The company's Asia Pacific headquarters is located in Hong Kong.
About Guangdong Mobile Communications Co. Ltd.
GMCC launched the first analog mobile service in China in November 1987. China Telecom was listed on the Hong Kong Stock Exchange in 1997. The current number of
mobile subscribers is seven million.
About China Mobile Communications Group
China Mobile Communications Group (CMCG) is a state owned company providing mobile telephone service and value added services in China. It has more than 37 million
GSM subscribers representing 95 per cent of China's mobile communications market. It is the largest mobile service provider in China.
CMCG developed out of the Mobile Communications Bureau (MCB) of the Ministry of Posts and Telecommunications (MPT), which managed the state owned mobile
communications service business in China. As part of the process of economic reform and development of market economy, MPT was restructured to become the Ministry of
Information Industry (MII) in late 1998. The MCB was spun off as CMCG.
About Comverse Network Systems
Comverse Network Systems is the world's leading provider of software and systems enabling enhanced services for wireless and wireline communications service providers
with over 320 communications customers in more than 90 countries. Comverse Network Systems' software and systems enable a wide range of multimedia enhanced
services, which generate revenues, provide competitive differentiation, and increase customer acquisition and retention. The services include: call answering, wireless data
and Internet-based information services, prepaid wireless services, mailbox-to-mailbox messaging, Internet-based unified messaging (voice, fax, and email in a single
mailbox), interactive voice response, virtual phone/fax, one-touch call return, personal number service, call screening/caller introduction, voice-controlled web portal and
other speech recognition-based services, Internet messaging, Internet call waiting, and other personal communication services. For additional information, visit Comverse
Network Systems' web site at comversens.com.
About Comverse Technology, Inc.
Comverse Technology, Inc., headquartered in Woodbury, New York, designs, develops, manufactures and markets computer and telecommunications systems and software
for communications and information processing applications. In addition to its Network Systems Division, Comverse's operations include: Comverse Infosys, which provides:
multiple channel, multimedia digital recording, logging, and quality monitoring systems marketed to call centers, financial institutions and other organizations, and multiple
channel, multimedia digital monitoring systems marketed to law enforcement and intelligence agencies; and Ulticom, which is a leading provider of network signaling
software for wireless, wireline, and Internet communication services, Comverse Technology is an S&P 500 and NASDAQ-100 Index company. Visit Comverse Technology's
web site at comverse.com. |
