Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications-News Only!!! (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Sector Investor who wrote (634)	12/3/1997 7:31:00 PM
From: Maverick	Respond to of 1629

Net telephony gets closer ITXC Corp. a startup backed by AT&T Corp., said Wednesday it's offering to provide services to encourage the development of Internet telephony. ITXC's "middleman" services will make it possible for callers using regular telephones to have their calls distributed over the Internet, at substantially lower costs. Key to ITXC's plans is an agreement, also announced Wednesday, with iPass Inc., a provider of third-party settlement for Internet-based services. "The combination of iPass' proven authentication and settlement service with ITXC's expertise in IP Telephony will accelerate development of the IP Telephony market as a whole. Until now it was simply not practical for individual ITSPs to provide true global coverage; ITXC changes all this," said Chris Moore president and CEO of Mountain View, Ca.-based iPass. Internet telephony consultant Jeff Pulver told Internet Daily the deal means ITXC becomes a technology-providing and billing service to "next generation" telephone companies that will exploit Internet telephony worldwide. The value of iPass's software, Pulver said, "is the enabling technology which ITXC needs in order to 'be in business'." The value of the Internet telephony market's potential is astounding, according to International Data Corp. of Framingham, Mass. IDC estimates traditional international phone calls will total 79 billion minutes this year. By comparison, Internet telephony call minutes are believed to be about 198 million, and are growing 220 percent a year.