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Technology Stocks : Genuity, Inc. (GENU) -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (99)	10/24/2000 1:08:06 AM
From: David Wiggins	Respond to of 456

Not to belabor a point, but Genuity is primarily an ISP, not purely an ITSP. The baggage is the huge amounts of debt and spending needed to build and maintain their network, and yes, their other businesses (which may be more or less profitable than VoIP.) ITXC has no debt and will need no further capitalization and has 250 million or so in the bank. I'll agree that Genuity's network will always have the potential to be higher fidelity, but once it is good enough, does it really matter? At that point the return on being better is diminishing, but the cost of maintaining it is still there. Your point about internet telephony being easy is theoretically correct. Genuity doesn't need to own the pipes to offer telephony, but they offer telephony because they own the pipes and they can do it. This also increases their fixed costs. If telephony was all they wanted they should sell the pipes and use the proceedes to pay for an internet telephony setup. Then they would be starting from scratch on managing quality over the public net which is not so easy as well as setting up the gateways etc. Both of these facors would put them behind ITXC As it stands they are probably higher quality and definitely higher cost, the the higher quality may be largely irrelevant if ITXC's quality is good enough. It has proven to be good enough for phone to phone. Web to phone is undecided. Time will tell. Regards, Dave

To: Softechie who wrote (99)	10/24/2000 1:10:40 PM
From: Ms. Baby Boomer	Read Replies (1) \| Respond to of 456

ADVISORY/ Genuity Chairman and CEO Paul R. Gudonis to Discuss State of the Industry During Fall Internet World 2000 Presentation (BUSINESS WIRE)-- On Thursday, October 26, Paul R. Gudonis, Chairman and CEO of Genuity Inc., will offer his views on how the industry is changing today to meet the coming demands of eBusiness's third wave, and discuss recent developments at Genuity. During his one hour, one-on-one interview and discussion with Silicon Alley Reporter founder and editor, Jason McCabe Calacanis, Mr. Gudonis will also comment on emerging technologies, hot technology topics, current Internet events and answer questions from the audience. Mr. Gudonis has led Genuity since 1994 and its inception as a part of BBN Corporation, the firm that developed the precursor to today's Internet. Since then, he has grown the company from a regional network operator with $5 million in revenues and 50 employees to a billion-dollar global Internet services firm with over 4,800 employees. Mr. Gudonis took the company public in June 2000, raising nearly $2 billion in the largest Internet IPO in the U.S. When: Thursday, October 26, 2000 10:00-11:00 AM EDT Where: Jacob Javits Convention Center New York Room 1E15 Genuity will also be exhibiting at Internet World at Booth #2007. Media interested in attending and/or wishing to interview Mr. Gudonis are encouraged to contact the Genuity press contacts listed below. -------------------------------------------------------------------------------- Contact: Genuity Jeff Hodnett 781-262-6485 or Vaughn Harring 781-262-4659 biz.yahoo.com