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 : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: micromike who wrote (6588)	9/16/1998 9:52:00 PM
From: Ian@SI	Respond to of 18016

Wednesday September 16, 5:18 pm Eastern Time Company Press Release Starvision (A Newbridge Affiliate) Secures $4.8 Million in Latest Round of Investment Funding MDS Capital Corp., Newbridge Networks and Ontario Teachers' Pension Plan Board add to capital raised VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 16, 1998-- Starvision Multimedia Starvision Multimedia Corporation(TM), a major player in the broadband visual communications market, today announced that it has raised additional investment funding of $4.8 million, bringing the investment funds raised to date to a total of $14 million. The lead investor is MDS Capital Corp., with substantial participation from Newbridge Networks Corporation [NYSE:NN - news] and the Ontario Teachers' Pension Plan Board. Over the last year, Starvision enhanced its product line to provide the ability to deliver its high-quality services over high-performance switched Internet protocol (IP) networks. The Starvision services platform enables telecommunications service providers to offer high quality broadband services over an IP infrastructure such as Carrier Scale Internetworking (CSI), in addition to asynchronous transfer mode (ATM). It also allows the high-quality Starvision end-user applications StarMED(TM) (clinical telemedicine) and StarED(TM) (interactive distance education) to be used in enterprises with commitments to IP-based infrastructures. The new investment round will continue to fund research and development in this area, as well as, to fund Release 2.0 of the Starvision products including the sophisticated world-standard, TINA-C-based Service Creation and Management System (SCMS) and the powerful, DSP-based Digital Media Forum (DMF). Together these products create a broadband services system that any telecom service provider can deploy to offer exciting new services over ATM or IP transport networks. Commenting on MDS Capital Corp.'s investment, Richard Lockie, Senior Vice President of MDS Capital Corp. said: ''Telemedicine will be a large market within the health care industry over the next decade. Starvision has taken a leadership role in developing broadband clinical telemedicine solutions. MDS Capital Corp. invested in Starvision because of the large market opportunity, their technological leadership, and their strong management team.'' MDS Capital Corp., a leading North American venture capital firm focused on the health care and life sciences sector, was founded in 1988 with $23.8 million in one fund. The Company currently targets $650 million from six funds towards building companies in the health care and life sciences sector. MDS Capital Corp. is 38 percent owned by MDS Inc., the largest technology-based health and life sciences company in Canada. ''We are very pleased to include MDS Capital Corp. as a shareholder of Starvision,'' said George Lipski, President and CEO of Starvision. ''MDS Capital Corp. brings a wealth of knowledge and contacts, which we hope will continue to strengthen our company's ability for continued aggressive growth. MDS Capital Corp.'s high reputation in the healthcare and telemedicine fields, will further establish Starvision within these markets, as well as to ascertain our relationship with the service provider market.'' Starvision, a Newbridge(R) affiliate, offers telecommunication service providers a comprehensive platform for delivering managed visual communications services over any ATM or high performance switched IP network. Combined with end-user applications, Starvision's platform gives telecom service providers a complete answer to the challenge of capturing a significant share of the value-added services made possible by the new broadband network infrastructure. Starvision's StarED(TM) is a PC-based interactive distance education application designed specifically to help school districts apply limited resources across a wide area and to deliver specialty courses to a broader audience. Starvision's StarMED(TM) is also a PC-based application, used by healthcare professionals to deliver high-quality clinical telemedicine to remote areas, as well as for clinical, administrative and CME needs. To the distributed organizations typical of today's corporate world, Starvision applications bring the opportunity to be more effective and cost-efficient by enabling high-quality multimedia conferencing between widely separated offices. The company was co-founded by George Lipski and Peter Briscoe, two pioneers of ATM switching.

To: micromike who wrote (6588)	9/16/1998 9:57:00 PM
From: Peppe	Read Replies (1) \| Respond to of 18016

Mike, You really know how to stick it to a guy, don't you !!! Yes, I've lost big on CIEN. I made a mistake. I'm very upset with the way CIEN's management handled this whole fiasco. I think that like NN, CIEN has great producst, maybe even market leadership in DWDM. Like NN, they are a small company that has to compete with much larger companies to win large telco contracts. And now, like NN, CIEN has to regain the confidence of the street before they will regain market cap. But you have to admit, NN doesn't look much better in your chart either, does it... Cheers, Peppe