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To: StockDon who wrote (1069)10/9/2000 12:14:10 PM
From: elmatador  Read Replies (2) | Respond to of 2404
 
Do you know what benefit of the hindsight means?



To: StockDon who wrote (1069)10/16/2000 2:13:40 PM
From: Scrapps  Respond to of 2404
 
Turnstone Expands Operations in Europe and Pacific Rim; International Expansion Enhances Turnstone's Position in Growing DSL Markets
Monday, October 16, 2000

SANTA CLARA, Calif., October. 16 /PRNewswire/ -- Turnstone Systems (Nasdaq: TSTN), the leading supplier of loop management products, announced today the opening of new offices by its wholly-owned subsidiaries in the United Kingdom, Germany and Australia. These subsidiaries will provide local sales and support services to digital subscriber line (DSL) service providers throughout Europe and the Pacific Rim.

"As deregulation continues to open new markets throughout the world, loop management solutions will continue to play an essential role in the deployment of DSL services," said Adam Guglielmo, DSL Analyst with TeleChoice, Inc. "As each market has its own unique loop management requirements, it will be important to have a solid understanding of the local conditions." As part of Turnstone's international expansion, Turnstone has named Sean Kitchingham as managing director for Europe, Middle East and Africa (EMEA). Kitchingham, whose office will be based in Reading, Berkshire, in the United Kingdom, brings more than 12 years of telecommunications experience to Turnstone, with previous management positions at Advanced Fibre Communications and ADC Telecommunications. "Our expansion into additional markets is evidence that we are maintaining a healthy pace of steady growth," said Rick Tinsley, president and chief executive officer of Turnstone. "Demand for DSL is surging throughout the world, and incumbent carriers and competitive local exchange carriers everywhere are eager to implement a solution that has firmly established its abilities to minimize time to market with premium services and reduce ongoing operational costs."

Turnstone's new facilities are at the following addresses:

Turnstone International (UK) Ltd. 400 Thames Valley Park Drive Reading, Berkshire RG6 1PT, UK Telephone: +44 (0)118 965 3481

Turnstone GmbH Prinzenalle 7 40549 Dusseldorf, Germany Telephone: +49-52391-184

Turnstone Australia Pty Ltd. Level 20 Tower 2 Darling Park 201 Sussex Street Sydney, NSW 2000 Australia Telephone: +61 2 9006 1000

About Turnstone Turnstone Systems, Inc. (Nasdaq: TSTN) is a leading provider of hardware and software products that enable local exchange carriers to rapidly deploy and efficiently maintain DSL services. Turnstone's flagship product, the Copper CrossConnect(R) CX100, is a loop management platform that is deployed in central offices to enable automation and remote control of physical layer tasks related to DSL installation, qualification and maintenance. Turnstone's CrossWorks(TM) software enables service providers to integrate these loop management functions into back-office Operational Support Systems (OSS), enhancing their ability to efficiently scale their DSL service offerings to meet demand. Turnstone is based in Santa Clara, California. For more information about Turnstone, visit www.turnstone.com, email info@turnstone.com or phone the toll-free number 877.8.COPPER.

CONTACT:
Cathy Palmen
408-268-8112
cathy_palmen@interprosepr.com,
for Turnstone Systems

or

Eric Andrews
Turnstone Systems
408-907-1543
eandrews@turnstone.com