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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: Scotsman who wrote (6445)	7/24/2000 9:42:04 AM
From: Scotsman	Respond to of 6846

est Awarded $12 Million Contract to Provide Hosting Services To Leading Internet Video Streaming Company PR Newswire, Monday, July 24, 2000 at 07:18 Deal Brings Added Reliability and Performance To Microcast's Streaming Video Service DENVER, July 24 /PRNewswire/ -- Qwest Communications International, Inc. (NYSE:Q), the broadband Internet communications company, today announced that it was awarded a three-year, $12 million contract for advanced hosting services by Microcast Inc., the nation's highest capacity turnkey provider of Internet video services to the media industry. Microcast's video streaming solutions will be hosted in Qwest's U.S. CyberCenters(SM). Qwest also will provide Microcast with gigabit Internet connections to all of its hosting equipment in each CyberCenter to ensure digital-quality video of its customers programming. By leveraging the Qwest backbone, Microcast will be better able to provide its customers a high-end streaming video that allows video commercials to be inserted in real-time or on a targeted basis into video that is being delivered over the Internet. The platform is the first of its kind. It combines large-scale distribution capabilities with individual targeting logic distributed across the network for both live and archived streams. "The high capacity bandwidth made possible by Qwest's broadband Internet network ensures that Microcast customers can provide superior streaming video quality over the Web," said Steve Jacobsen, executive vice president of business markets for Qwest. "This agreement demonstrates our unique ability to combine broadband access and complex hosting services with mission critical applications at each of our CyberCenters." "We are very pleased to be working with Qwest as we continue to roll-out our network," said Paul Nash, Chairman and CEO of Microcast. "Qwest's quality IP solutions add to our ability to offer the best streaming experience for consumers in the industry, while we build a reliable, robust network that meets the needs of Internet broadcasters worldwide."