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


To: jay silberman who wrote (744)10/9/2000 9:45:21 AM
From: Mark Oliver  Read Replies (1) | Respond to of 792
 
o2wireless to Support Deployment of Netro AirStar System Fixed Broadband Wireless Networks
October 04, 2000 2:42:00 PM ET

ATLANTA, Oct. 4 /PRNewswire/ -- o2wireless Solutions, Inc. OTWO, a leading provider of integrated services to the global telecom industry, announced today an agreement in which o2wireless will provide engineering design and systems integration support services to Netro Corporation's channel partners and service provider customers worldwide. The agreement will provide Netro's AirStar(TM) system customers greater resources for supporting rapidly growing deployments of fixed broadband wireless networks globally.

"The manpower available through o2wireless can be used to augment the technical staffs of our own channel partners and service provider customers, adding breadth and depth for global deployments," said Mike Everett, Netro's executive vice president and CFO. "In fact, o2wireless already has a strong relationship with one of our largest customers and has demonstrated its expertise in the planning, design and deployment of wireless networks."

o2wireless will provide RF and network engineering design as well as equipment installation and commissioning services while acting as a supplementary technical resource to resellers/systems integrators and wireless operators utilizing Netro AirStar equipment. The company has already assisted Netro, its channel partners and service provider customers with planning, designing, installation, commissioning, system testing and training in the U. S., Europe and Australia.

As part of the agreement, o2wireless and Netro will jointly develop a standardized demonstration and pilot system for more rapid deployment of AirStar equipment. o2wireless will also customize its design and deployment processes and procedures as well as its proprietary Virtual Project Manager and E-Site software to support rapid deployment of commercial systems.

"As a customer-focused organization, Netro is taking the extra step to ensure that qualified resources exist for designing and deploying fixed broadband wireless networks for voice, IP and high speed data applications," said Mike Riley, president and COO of o2wireless. "As a complementary technical services provider, we look forward to building strong relationships with Netro channel partners and service provider customers worldwide."

The agreement also calls for o2wireless to expand its role as the AirStar equipment training provider. Training is ongoing at Netro corporate offices in San Jose, Calif., and at customer locations, with plans for o2wireless to open a European training facility in 2001.

About Netro Corporation

Netro Corporation 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. AirStar is one of the first commercially available broadband wireless access systems, carrying IP and voice traffic using a point-to-multipoint architecture. AirStar technology currently offers products at the 3.5 GHz, 10.5 GHz, 26 GHz, 28 GHz and 39 GHz frequencies. In addition to Netro, the AirStar technology is available through Netro's channel partners which include Lucent, Nokia, Cisco, Motorola and Siemens. Netro Corporation is headquartered in San Jose, Calif. On the Web, visit www.netro-corp.com.

About o2wireless Solutions

o2wireless Solutions plans, designs, deploys and maintains wireless voice and data telecommunications networks. It has contributed to the design and implementation of more than 47,000 communications facilities in all 50 U.S. states and in 26 countries. o2wireless serves all sectors of the global wireless telecom industry and offers expertise in all major technologies. The company is headquartered in Atlanta, Georgia. On the Web, visit www.o2wireless.com.

Safe Harbor for Forward-Looking Statements

Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to the financial results and plans for future business development activities, and thus, are prospective. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, general economic conditions, competition in the wireless services industry, the company's ability to manage its growth effectively, the company's ability to implement acquisition strategy, fluctuations in quarterly operating results and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings.



To: jay silberman who wrote (744)10/10/2000 7:05:30 PM
From: Mark Oliver  Read Replies (1) | Respond to of 792
 
Jay, there seems to be a building sector fall out. I read the Lucent warning and wonder if it effects Netro and FWBB? Perhaps more important is the ominous statement that they are raising reserves for bad debt?

Lucent Tech (LU) 31 3/8 -15/16: -- Update -- Lucent cites three factors for the warning: lower than expected revenues and margins in the optical systems business, higher reserves for bad debt in the emerging service provider market, and larger than expected decline in circuit switching business. Of these, the first and third have been problems for Lucent all year and appear to be company-specific, but the second is something that recently hit Ciena (CIEN) as well and could be a factor for other optical equipment vendors.

Bad debt, rising interest rates, shut down of available capital from the share markets and lack of cash by companies spending too much buying their spectrum could be very negative for Netro, no matter how compelling the market may be.

I wonder if we'll see Netro test it's lows again. It seems to be holding up some what stronger than you might expect.

Regards,

Mark