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Technology Stocks : Netro Corp - (NTRO) -- Ignore unavailable to you. Want to Upgrade?

To: Martin Muldoon who wrote (702)	6/16/2000 8:16:00 PM
From: Mark Oliver	Respond to of 792

Thank you for clearing that up Nokia. ;/ UK fixed wireless auction plans announced by Tatum Anderson on 16 June 2000 13:45:00 GMT UK E-Commerce Minister Patricia Hewitt has revealed details of the forthcoming auctioning of radio spectrum for broadband fixed wireless access. The technology will allow users to access cheap, fast internet and multimedia via radio, rather than through conventional dial-up methods. Data speeds are thought to be equal to, if not faster than, current broadband offerings. As part of the plans, 28GHz of spectrum will be up for auction, with three licences available in each of the eleven English licence areas as well as Scotland, Wales and Northern Ireland. Each of the licences will be allocated 112MHz of spectrum. The licences will be valid for 15 years and bidders will be allowed to hold one licence in each area, but in as many areas as they are successful. According to Hewitt, draft regulations will soon be published, in addition with a notice, which will contain details about how the auction will be carried out. The period for comments to be received ends July 17. She added that she hopes to present the Regulations before Parliament by the end of July. Many observers have called for the auction rules to be changed to prevent licence bids reaching the ridiculous proportions as the third generation mobile phone licences, which gave the government a windfall of over œ22bn and ... Italy to Get at Least 10 Bln Euros for Mobile Permits (Update1) By John Glover Rome, June 16 (Bloomberg) -- The Italian government set a minimum price of 2 billion euros ($1.9 billion) for each of the five high-speed mobile phone licenses it will award later this year, to raise at least 10 billion euros. They government didn't fix a maximum price for the licenses. Italy originally planned to sell them for about 181 million euros to 284 million euros, but the 22.5 billion pounds ($34 billion) raised by the U.K.'s auction of similar licenses prompted a rethink. Italy said last month it will use a two-step bidding process to award the licenses. Companies seeking a license will be allowed to bid from the minimum price after they have passed a pre- qualification stage. The U.K. sold its licenses to the highest bidder, while Spain used a ``beauty contest'' method that awarded licenses based on criteria such as experience and job creation. The so called third-generation mobile services, for which the permits are being sold, will let users access the Web at 40 times existing speeds using wireless devices. Ericsson AB, the third- largest mobile phone maker in the world, said that by 2005 it expects more people will connect to the Web using their mobile phones than by conventional methods. Italy, which had the most cellular phones in Europe with about 30.2 million subscribers in 1999, is expected to see an 89 percent increase in users to 57.2 million by 2005, according to a report by Chase H&Q. Analysts expect four of the new mobile licenses will go the four companies that currently offer mobile services. Those companies are Telecom Italia Mobile SpA -- the biggest in Italy with more than 19 million clients -- Omnitel Pronto Italia SpA, Wind SpA and Blu SpA. Telecommunications company e.Biscom SpA is also preparing a bid as part of group called Dix.it that also includes Milan utility Aem SpA and Banca di Roma SpA. Rome utility ACEA SpA will bid through a joint venture with Spain's Telefonica SA.

To: Martin Muldoon who wrote (702)	6/20/2000 9:06:00 AM
From: Mark Oliver	Read Replies (1) \| Respond to of 792

Netro Corp. Slated to Join Russell 3000 Index BusinessWire, Tuesday, June 20, 2000 at 08:02 SAN JOSE, Calif.--(BUSINESS WIRE)--June 20, 2000--Netro Corp. (NASDAQ:NTRO), a market leader in broadband wireless access systems, will join the Russell 3000 Index(R) when the broad-market index is rebalanced on June 30, according to a preliminary list of additions issued June 9 by Frank Russell Co. Index membership will go into effect July 1 and remain in place for one year. "The broadband wireless market is poised to explode over the next few years," said James Mendelson, broadband wireless analyst with The Strategis Group. "In fact, as indicated in a study of the broadband wireless access market which we recently published, we estimate this market will grow to $16.3 billion in 2004. It is especially significant that the Russell Index is recognizing the importance of leading companies, such as Netro, which are meeting the rapidly growing needs of this market segment." Membership in Russell's 21 U.S. equity indexes -- widely used by investment managers as benchmarks for both passive and active investment strategies -- is determined strictly by market capitalization rankings and style attributes, rather than by subjective opinion or committee decisions. Annual reconstitution of the Russell indexes captures the 3,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization to create the Russell 3000. The largest 1,000 companies in the ranking make up the Russell 1000(R) Index, while the remaining 2,000 companies become the widely used Russell 2000(R) Index. "We are very pleased to be slated to join the Russell 3000 Index as a global leader in the broadband wireless access market addressing the IP and voice application market," said Gideon Ben-Efraim, president and chief executive officer of Netro. "This recognition comes less than one year after Netro became a publicly traded company. Working with our industry-leading OEM partners -- Lucent, Motorola, Nokia and Siemens -- we look forward to continuing our worldwide expansion into this explosive new market with our gold-standard AirStar(TM) technology." About the Frank Russell Co. Frank Russell Co., one of the world's leading investment management and advisory firms, provides investment advice, analytic tools and funds to institutional and individual investors in 35 countries. Russell's investment management business employs a manager-of- managers approach with $60 billion in assets under management. The company has retainer consulting relationships with clients representing more than US$1 trillion worldwide. Frank Russell became a subsidiary of The Northwestern Mutual Life Insurance Co. in January 1999. Founded in 1936, Russell has headquarters in Tacoma, Wash., and offices in New York; Toronto; London; Paris; Sydney, Australia; Auckland, New Zealand; Singapore; and Tokyo. About Netro Netro (NASDAQ:NTRO) is a leading provider of intelligent broadband wireless access solutions for Internet and telecom service providers worldwide. Netro's broadband wireless access AirStar system derives its price performance benefit from its proprietary packet-based technology that maximizes spectrum usage through dynamic bandwidth allocation. The AirStar system is one of the first commercially available broadband wireless access systems, carrying IP and voice traffic using a point- to-multipoint architecture. Netro technology presently offers broadband wireless solutions for the 10 GHz, 26 GHz, 28 GHz and 38 GHz spectrums. For more information, contact Netro Corp., 3860 N. First St., San Jose, Calif. 95134-1702; 408/216-1500; netro-corp.com. CONTACT: Netro Corp., San Jose Laurie Hallwyler, 408/216-1630 laurieh@netro-corp.com or Leavitt Bell Group, Pasadena, Calif. Tiffany Massey or Linda Bell 626/564-9500, ext. 224 or 221 tmassey@lbgcomm.com lbell@lbgcomm.com