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To: Frank A. Coluccio who wrote (2954)	10/26/1998 10:14:00 AM
From: Kenneth E. Phillipps	Respond to of 29970

NorthPoint Communications Receives Intel Investment Business Wire - October 26, 1998 09:29 SAN FRANCISCO, Calif.--(BUSINESS WIRE)--Oct. 26, 1998--NorthPoint Communications, Inc.(SM), a Competitive Local Exchange Carrier (CLEC) specializing in high-speed data transport, today announced that Intel Corporation has invested in the company. Financial details were not disclosed. According to Intel, the investment is part of Intel's overall strategy to promote broadband offerings to business and residential customers. NorthPoint is a nationwide provider of always-on, high-bandwidth data transport designed to deliver business quality to Internet access. NorthPoint markets its data services to small and medium-sized businesses through partnerships with local, regional, and national network service providers (NSPs). Earlier this summer, NorthPoint announced that @Work(tm), the business-focused division of @Home Network(tm), had made a minority equity investment in the company. @Work also resells NorthPoint data services as an NSP partner, and is actively working with NorthPoint on joint marketing activities, including an upcoming eight-city seminar series targeting potential business customers. Intel is also an investor in @Home. "NorthPoint's strategy has been to establish a nationwide presence very rapidly, rolling out high-speed access services to key metropolitan areas -- ten this year, with 14 more planned for next year," said Michael Malaga, president and CEO of NorthPoint. "The investment capital from Intel and @Work helps us speed the deployment of broadband, always-on connections to businesses." Intel makes small, minority investments in companies that it believes can help create new uses for computers or enhance existing computing capabilities. Such investments, Intel believes, can help grow the overall computing market segment and make computing more productive and enjoyable for users. About NorthPoint Communications, Inc. NorthPoint Communications is a new breed of telecommunications carrier focused exclusively on delivering dedicated data to the local exchange through wholesale agreements with service provider partners nationwide. Founded by an experienced team of data communications and telecommunications professionals, NorthPoint is ushering in a new era in local service designed to satisfy the needs of both backbone service providers and their business customers. NorthPoint has architected its network and support systems to the highest standards of performance, efficiency, and reliability, and offers a range of value-added solutions for business-to-business data connectivity. For more information about NorthPoint Communications' data transport services, visit its World Wide Web site at northpointcom.com, or contact the company at 415/403-4003. Note to Editors: NorthPoint Communications and NorthPoint DSL are service marks of NorthPoint Communications, Inc. Other trademarks, service marks, and trade names belong to their respective owners. CONTACT: NorthPoint Communications John Stormer, 415/403-4003 jstormer@northpointcom.com or Gallagher PR Kristi Kilpatrick, 510/749-6800 kristi@gpr.com