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Gold/Mining/Energy : Com Dev International -- Ignore unavailable to you. Want to Upgrade?

To: Ron Schier who wrote (158)	9/14/2000 8:44:20 PM
From: sPD	Read Replies (1) \| Respond to of 216

Reuters article By Ian Karleff TORONTO, Sept 14 (Reuters) - COM DEV International Ltd. (Toronto:CDV.TO - news) said on Thursday it will move the international headquarters of its wireless systems unit to Dallas to be closer to potential customers for a high-speed wireless product it plans to launch soon. Cambridge, Ontario-based COM DEV said its new broadband Internet wireless product will operate at speeds comparable to current digital subscriber lines (DSL) or cable modems, while being mobile and nomadic. It said this a significant development because some existing cellular systems carrying voice often lose connection when the user is travelling at high speed. The product is nomadic in the sense that a user's laptop computer can receive Internet access wherever it might be, and mobile because it can work while the user is travelling at speeds up to 195 kilometres (120 miles) per hour, COM DEV Wireless president Roger Boivin told Reuters in a telephone interview. COM DEV, which manufactures equipment for wireless carriers as well as space hardware subsystems, expects its new broadband product to be in field trials by April 2001 with a ``major network carrier''. The news created some excitement on the Toronto Stock Exchange where COM DEV's shares gained 19 percent or C$1.90 to C$11.60 in midday trading on Thursday. ``What we are deploying is the equivalent of cellular for data at high speeds. We are eliminating a lot of things that people don't like about fixed systems...and making it to provide total freedom of movement,'' said Boivin. COM DEV said it will move its wireless division to a Dallas suburb to be closer to its major customers, including Nortel Networks Corp. (NYSE:NT - news) , Nokia , Alcatel and others. Boivin said the company is working with a number of major cellular providers to get a field trial under way in the U.S. in April. Peter Notidis, a technology analyst at Harris Partners Ltd. in Toronto, said COM DEV ``has been in discussions about partnering with U.S. firms about the release of this product.'' The expectation is that it will announce a partner in the form of a major device or network equipment maker before the end of September, which will market the product to network carriers, said Notidis. Notidis said that COM DEV's wireless product was acquired through the purchase of California-based Lober and Walsh Engineering Inc. in August 1999. Josh Lober, COM DEV vice-president of Internet wireless products, said: ``This product will have the ability to provide ubiquitous coverage across North America once deployed.'' The unnamed product will be competitively priced against current fixed-line, high-speed Internet modems and will operate over licensed frequencies, said Lober.