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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: Patricia who wrote (6373)	5/15/1998 8:33:00 AM
From: Secret_Agent_Man	Read Replies (4) \| Respond to of 50264

From-WSJ=Intel Corp., Santa Clara, Calif., and four investment concerns have invested about $10 million in ITXC Corp., an AT&T Corp.-backed start-up that hopes to offer services to Internet companies so they can provide seamless Internet-based phone services much like the regular telephone system. ITXC late Wednesday announced the closing of $10 million in venture capital financing from Intel, Chase Capital Partners, Flatiron Partners, Spectrum Equity Investors and Polaris Ltd. Proceeds will be used to fund the build-out of the company's Internet networks. ITXC, founded last summer by former AT&T executive Tom Evslin, plans to sell wholesale Internet-telephony services to Internet-service providers and telephone companies that want to offer cheap phone rates to their customers. To do so, it will ally with companies world-wide that offer "gateways" linking public phone systems with the Internet and sending voice calls over the Net.