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Technology Stocks : Orckit (ORCT) -- Ignore unavailable to you. Want to Upgrade?

To: Mad Bomber who wrote (830)	12/2/1997 8:38:00 AM
From: savolainen	Read Replies (1) \| Respond to of 1998

Siemens This can't hurt... Now how much is 6 billion DM? "Tuesday December 2, 8:03 am Eastern Time Company Press Release Siemens and Orckit Combined Solution to Enable Telephone Companies To Provide Interactive Multimedia Services Using Regular Telephone Lines TEL AVIV, Israel, Dec. 2 /PRNewswire/ -- The Siemens Public Communication Networks Group has signed a cooperation agreement with Israel-based Orckit Communications Ltd. (Nasdaq: ORCTF - news) Together the partners will integrate Orckit's VDSL (Very high bit-rate Digital Subscriber Line) solution in a jointly developed broad-band product, enabling telecom operators to provide even higher transmission speeds over existing copper telephone lines. The Siemens broadband access system is expected to include VDSL starting in 1998. Market researchers at Siemens estimate that the market volume for VDSL will exceed 6 billion DM within the next five years. ''We are pleased to be working together with Orckit, the first company to have already shipped VDSL modems,'' remarked Lothar Schmid, general manager broadband-wireline subdivision of Siemens' Public Communication Networks Group. ''Several major European and Asian operators have already declared their intent to deploy VDSL as a major element in their access networks,'' said Izhak Tamir, President of Orckit. ''Siemens and Orckit together are well-positioned to meet the carriers' needs for their next generation of hybrid fiber-copper networks.'' VDSL transfers up to 52 Mbit per second on one telephone line -- that is a data volume equal to more than 800 simultaneous ISDN telephone conversations, 10 video films or over 3,200 A4 pages. Several European users of telecommunication networks have already expressed an interest in this promising technology. Deployment of VDSL technology will enable telephone companies to offer broadband access service using their existing telephone wire infrastructure. Local computer networks can be interconnected using a VDSL connection. This means that for example the high speed connection from the regional offices to the company's central computer could be implemented using normal telephone lines. Pay television is another area of application for VDSL. Digital television programs and video films could be individually delivered using standard telephone lines. This application of VDSL technology is of particular interest to countries who do not have full-coverage coaxial TV networks. A crucial area of application for VDSL is in telemedicine. Using this technology, doctors can transfer x-ray images in a few seconds so they can be examined by a specialist -- saving time which could mean the difference between life and death. .." biz.yahoo.com