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

To: Jeff Jordan who wrote (36139)	2/24/1998 12:08:00 AM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

2/23/98 Internet Wk. (Pg. Unavail. Online) 1998 WL 7271391 Internet Week (c) 1998 Phillips Business Information, Inc. Monday, February 23, 1998 Vol. 4, Issue: 8 Cisco and GRIC Team up in Interoperability Project Companies Want Initiative to Boost Global Deployment of IP Telephony GRIC (formerly AimQuest) and Cisco [CSCO] took steps to shore up their respective IP telephony operations by teaming up to develop a joint settlement interface between GRIC's settlement system, GRICphoneT, and Cisco's IOS software, based on the H.323 multimedia standard, which is likely to become the global IP telephony standard this year. This agreement points toward an emerging industry alliance involving Lucent [LU] and Siemens [SMAWY] as well, which might accelerate the process of achieving the goal of global termination for telephone calls made over Internet. Such news would be a boon for Internet telephony equipment vendors, since their equipment would give small ISPs an opportunity to facilitate international phone calls, the high-ticket item for IP telephony. The alliance would also boost competition for marketshare of the future Internet telephony market, currently dominated by several companies, most notably by IDT Corp. [IDTC], which is in the process of deploying its phone centers internationally. Rapid development of Internet telephony would also be felt by major telcos, which are poised to lose more than $8 billion through 2001 because of their customers using Internet alternatives instead of regular telephone lines, according to a research report from Action Information Services. GRIC and Cisco A letter of intent signed by GRIC and Cisco last December and announced only now reveal that the companies are developing a joint interface that will allow ISPs buying voice/fax cards for Cisco 3600 series routers to terminate calls into the GRIC network. "The value of the GRIC relationship to Cisco is that GRIC has an installed base of customers," says Alistair Woodman, product line manager for Cisco. GRIC has over 240 ISP customers in 75 countries and a combined subscriber base of more than 13 million dial-up users, as well as 20 million corporate users. For Cisco, this agreement comes only a month after the purchase of privately held Lightspeed International Inc. of Sterling, Va., which at the time was billed as an effort to gain a foothold in the emerging Internet telephony market. The future, apparently, is here - the company sees the surge the market made in a few short months. The development went from "tinker toy" to DS3 levels in two years, says Woodman. The Lightspeed solution, when purchased, was targeted at enterprise and service provider customers. The focus has subsequently been broadened to include anybody interested in IP services and cost savings on international calls. The GRIC relationship will allow Cisco better integration of the existing Lightpeed solutions with the installed base of GRIC's phone gateways. GRIC's announcement with Cisco is probably the first in a series. Lucent has been trailing Cisco ever since the company enabled its customers to do IP telephony by adding a voice card to the 3600 router series. In response, Lucent unveiled its Internet telephony server family. PC-based gateways have interfaces for both T1 and E1 lines, as well as for analog telephone lines. "We see it as significant that we are able to team up with the leaders," says GRIC president Hong Chen. "We also signed letters of intent with Lucent and Siemens." GRIC is running trials with Lucent's Internet telephony server, which it plans to deploy within its own network. Other vendors manufacturing this equipment are Ascend [ASND] and Nortel [NT]. There were no announcements of the latter two joining the group at press time. Founded in 1994 and privately held, GRIC provides global Internet roaming, corporate remote access and VPN services on top of IP phone call termination. One of the other companies providing similar services is ITXC, headed by former AT&T [T] head Tom Evslin. (Dr. Hong Chen, GRIC Communications, 408/965-1162, Alistair Woodman, Cisco Systems, 408/526-5896, Francois de Repentigny, Frost & Sullivan IP telephony expert, 650/961-9000, Sim Hall, Action Information Services, 703/847-9805) ---- INDEX REFERENCES ---- COMPANY (TICKER): IDT CORP. (IDTC)

To: Jeff Jordan who wrote (36139)	2/24/1998 12:10:00 AM
From: Gary Korn	Respond to of 61433

Why does this same 7 year private placement bond offering keep showing up? 2/23/98 Select Fed. Filings Newswires 08:17:00 Federal Filings Newswires Copyright (c) 1998, Dow Jones & Company, Inc. Monday, February 23, 1998 FFBN Cnvts: Converts Horizon -- Pending Offerings ISSUER: FEDERAL FILINGS BUSINESS NEWS SYMBOL: X.FFI ======================================================================== CALENDAR OF PROPOSED CONVERTIBLE SECURITIES OFFERINGS ------------------------------------------------------------------------ Compiled by the Federal Filings Convertibles Group ======================================================================== The following is a forward-looking calendar of proposed convertible securities offerings: Company Issue Size Rating Manager Maturity ----------------------------------------------------------------------- Whole Foods Bond $100M 20 yr. Market Inc. (WFMI) Comment: Zero coupon offering with a five year hard call protection. For repayment of a line of credit and capital expenditures. Private placement. ----------------------------------------------------------------------- May & Speh Inc. Bond $100M Donaldson, 5 yr. (SPEH) Lufkin & Jenrette Comment: To repay term loan and for capital expenditures. Speh family also registered 1.5 million common shares at same time. Merrill Lynch, Abn Amro and Painewebber also involved in underwriting. Company is a provider of technology based information management systems. ---------------------------------------------------------------------- HNC Software Inc. Bond $75M Deutche 5 yr. (HNCS) Morgan Grenfell Comment: Believed will be brought to market on Thursday. Registered offering. Company develops and delivers predictive software solutions in client/server environments. ---------------------------------------------------------------------- Amkor Technology Bond $150M Salomon 5 yr. Inc. Comment: Co. amended its IPO to include $150 million convertible note offer, with add'l $22.5 million of notes for over-allotments. Will use proceeds for short-term and long-term debt. BancAmerica Robertson Stephens, Cowen & Co also underwriting issue. Registered. ----------------------------------------------------------------------- KCS Energy Inc. Bond $125M B- (S&P) Smith Barney 7 yr. (KCS) Inc. Comment: Proceeds to be used to reduce credit facility debt. Notes redeemable beginning some time in the year 2000. Offering also underwritten by Prudential Securities Inc., CIBC Oppenheimer, Morgan Keegan & Co. and Salomon Bros. Inc. Registered. ----------------------------------------------------------------------- Pacific Gulf Pfd Properties Inc. (PAG) Comment: Co. expects to offer Class A and Class B convertible preferred shares. Proceeds to be used for purchases of properties. ------------------------------------------------------------------------ Kennametal Inc. Feline $225M Ba1 (M) Merrill (KMT) PRIDES Lynch & Co. Comment: Co. postponed offering on Jan. 23 due to market conditions. Proceeds to be used to repay bank debt. PRIDES consist of trust preferred securities and stock purchase contracts due some time in 2001. Goldman Sachs & Co. also underwriting issue. Registered. ----------------------------------------------------------------------- Skyline Pfd Multimedia Ent. Inc. (SKYL) Comment: Co. to offer 650,000 units, each consisting of one cvt. preferred share and warrants to buy additional preferred shares. Proceeds to be used for equity capital and to satisfy financial obligations. Expected in late first quarter 1998. ----------------------------------------------------------------------- Steven Madden Ltd. (SHOO) Comment: Co. said it retained Hambrecht & Quist LLC as advisor for possible convertible private placement. ----------------------------------------------------------------------- Heico Inc. Bond $75M B- (S&P) Forum Capital 7 yr. (HEI) B3 (M) Mkts. L.P. Comment: Co. will use proceeds for general corporate purposes and working capital. Raymond James & Assoc. Inc., Southeast Research Partners Inc. also underwriting issue. Three-year hard call protection. Registered. ----------------------------------------------------------------------- Ascend Comm. Bond 7 yr. Inc. (ASND) Comment: Private placement. ----------------------------------------------------------------------- Owens Corning Feline $300M Merrill Lynch (OWC) PRIDES & Co. Comment: Feline PRIDES of Owens Corning Capital II used to purchase an undisclosed amount of junior subordinated debentures of Owens Corning. Each stock purchase unit of Owens Corning consists of stock purchase contracts to buy Owens Corning common stock and U.S. Treasury interests. Issue has settlement date of November 16, 2000. Credit Suisse First Boston, Goldman Sachs & Co. also underwriting issue. Registered. ----------------------------------------------------------------------- Ingersoll Rand STRYPES Merrill Lynch Co. (IR) & Co. Comment: Co. filed $1.05 billion debt and equity shelf on October 2. Proceeds to be used for general corporate purposes. Registered. ----------------------------------------------------------------------- Market price talk with respect to impending securities offerings is compiled from various market sources, some of whom may make a market in or have financial interest in the issues presented. The information contained herein does not represent a solicitation to sell or buy the underlying issues. FFI shall not be held liable for any reason for any errors or omissions, delays or inaccuracies or any decision made in reliance upon price and yield indications. FFI shall not be liable to any person for any loss of business revenues or lost profits for any indirect, special, consequential or exemplary damages whatsoever, whether in contract, tort or otherwise, arising in connection with the indications, even if FFI has been advised of the possibility of such damages. FFI makes no merchantability or fitness for a particular purpose with respect to the indications and specifically disclaims any such warranty. /www.fedfil.com/support // (END) FEDERAL FILINGS-DOW JONES NEWS 02-23-98

To: Jeff Jordan who wrote (36139)	2/24/1998 12:12:00 AM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

2/23/98 Prof. Inv. Rep. 16:52:00 Professional Investor Report Copyright (c) 1998, Dow Jones & Company, Inc. Monday, February 23, 1998 NMS Share Volume Most Actives At 4:50 P.M. Stock Net Chg Last Volume Net Tick Vol ---------- --------- --------- ----------- ------------ MSFT + 4 1/16 81 5/8 30,197,100 - 3,240,200 INTC + 2 3/8 94 3/16 17,221,300 - 450,400 DELL + 4 5/8 130 15/16 12,482,200 - 1,622,900 ORCL + 1 1/4 26 3/8 11,317,900 + 252,600 AMAT + 15/16 37 5/16 8,663,500 - 307,700 ASND + 1 1/4 36 3/4 8,074,900 + 919,800 WCOM + 1/16 39 1/16 7,611,100 - 706,800 CIEN - 1 7/8 40 1/8 7,344,700 - 312,600 ADPT - 7/16 22 7/8 6,397,200 - 1,042,100 CSCO - 3/16 65 5/8 6,375,500 - 373,000 QCOM + 4 3/4 51 3/8 4,975,100 - 209,000 SUNW + 1/16 46 5/16 4,589,400 + 145,800 OXHP - 1/4 19 15/16 4,566,700 - 165,500 TISX + 6 11/16 19 5/16 4,449,100 + 357,400 AAPL + 1 1/4 21 1/4 4,263,300 + 328,400 RCBK Unch 15 11/16 3,877,100 + 724,300 COMS + 7/16 33 5/8 3,705,800 + 237,900 PSQL + 2 11/16 17 1/2 3,638,200 - 497,800 AVNT - 1 31/32 13 25/32 3,386,300 - 407,100 ERICY + 1 3/8 45 1/8 3,088,500 - 41,500 (END) Dow Jones Newswires 02-23-98 04:52 PM EST