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Technology Stocks : Diamond Multimedia -- Ignore unavailable to you. Want to Upgrade?

To: Joe Knoll who wrote (3615)	7/7/1998 11:59:00 AM
From: Greg S.	Read Replies (1) \| Respond to of 4679

Hi guys - this is my first post on SI. Just thought I'd clue you in on a little DIMD fortune - their new business unit moves pretty fast! ;) --- excerpt --- Tuesday July 7, 11:09 am Eastern Time Company Press Release SOURCE: Northern Telecom Limited Diamond Multimedia and Nortel (Northern TElecom) to Develop 1-Meg Modem Companies to Deliver High-Speed Internet Access to the Home in 1998 VANCOUVER, Wash., July 7 /PRNewswire/ - Diamond Multimedia Systems, Inc. (Nasdaq: DIMD - news), a leader in interactive multimedia acceleration, and Nortel (Northern Telecom) (NYSE:NT/TSE: NTL) today announced that they plan to co-develop a PCI card using Nortel's 1-Meg (one megabit per second) Modem technology. This co-branded DSL (digital subscriber line) solution will combine the functionality of a modem and an ethernet card for extremely fast Internet access. Diamond and Nortel's co-branded product is expected to be simple to deploy as it requires no subscriber service call and no rewiring at the home or central office. The product's ''always on'' connection will be up to 17 times faster than a 56Kbps modem and provide all the features and benefits one expects from a DSL solution: fast downloads of Internet content, no busy signals and the ability to use voice and fax while connected to the Internet. --- You can read the whole thing at biz.yahoo.com -G