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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside. -- Ignore unavailable to you. Want to Upgrade?

To: Rick Smith who wrote (570)	5/1/1998 12:24:00 PM
From: Gene Warren	Respond to of 802

FastComm and Former Employee Settle Lawsuit Rick, This may help: Business Wire - May 01, 1998 11:54 STERLING, Va.--(BUSINESS WIRE)--May 1, 1998-- Former Employee Michael Donnelly Settles with FastComm and Drops Lawsuit Judge Reduces Jury Award in Davison Lawsuit FastComm Communications Corp. (NASDAQ:FSCX) announced today that the Company and Michael Donnelly have reached a definitive settlement regarding the lawsuit filed on March 5, 1998 and disclosed in the Company's most recent Form 10Q filing. The settlement is final and Donnelly has withdrawn his lawsuit against FastComm, effective today. In a separate matter, the Virginia Circuit Court reduced, by $100,000 plus interest from April 26, 1996, the February 17, 1998 award in favor of Gary Davison, the Company's former Chief Operating Officer. The Company is continuing its efforts to negotiate a settlement with Mr. Davison of the balance of the judgement in the amount of $1,188,233. Forward looking statements are made in this release pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward looking statements are subject to risks and uncertainties, including, without limitation, the timing of new announcements or introductions by the Company and its competitors, the hiring and retention of key employees, competitive pricing pressures, dependence on third party for components and products, and general economic conditions in the United States and international markets and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. CONTACT: FastComm Mark Rafferty, 703/318-7750 Later, Gene

To: Rick Smith who wrote (570)	5/4/1998 2:22:00 PM
From: Bill	Read Replies (1) \| Respond to of 802

Intermedia Selects FastComm To Supply Private Label FRAD/Router Products LAS VEGAS--(BUSINESS WIRE)--May 4, 1998-- FastComm EtherFRAD(tm) Product Integral Part of Intermedia's New "Frame1" Managed Service FastComm Communications Corp. FSCX announced today that Intermedia Communications, a rapidly growing provider of integrated telecommunications services and the fourth largest frame relay provider in the U.S., has selected FastComm to provide intelligent FRAD/Router products for their new "Frame1" solution, as announced at the Networld + Interop show in Las Vegas. Intermedia's Frame 1 offering is a one-stop, 100% frame relay solution for business customers, providing coordinated installation and maintenance, wide area connectivity, and proactive monitoring and management. Use of the FastComm products enables Intermedia to offer high value connectivity solutions to current and new customers, providing both significant cost savings and higher performance. "I'm very pleased to announce our selection by Intermedia to supply FRAD/Router products for their exciting new 'Frame1' Managed Service offering," stated Peter Madsen, FastComm President. "Intermedia is a real innovator in the telecommunications market. We're thrilled to be working with them, selling to existing and new data customers!" Intermedia Communications is one of the nation's fastest growing telecommunications companies, providing integrated telecommunications solutions to business and government customers. These solutions include voice and data, local and long distance, and advanced access services in cities throughout the eastern U.S. Intermedia's enhanced data offerings, including frame relay, ATM, and a full range of business Internet connectivity and web hosting services, offer seamless end-to-end service virtually anywhere in the world. Intermedia is headquartered in Tampa, with sales offices in 81 cities. Intermedia can be found on the World Wide Web at intermedia.com. FastComm gives carriers and integrators a "best-of-breed" platform for combining legacy and LAN applications, as customers demand better solutions to the problem of integrating legacy applications into their LAN-driven intranets and extranets.