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To: Jenna who wrote (18493)11/12/1998 4:24:00 PM
From: browser  Respond to of 120523
 
how can we fight this?
cnn.com



To: Jenna who wrote (18493)11/12/1998 4:46:00 PM
From: gaj  Read Replies (1) | Respond to of 120523
 
nah, it's ADSL stuff (for AVCO), and greatly hyped. small float and more internet-related madness...

- bob



To: Jenna who wrote (18493)11/12/1998 5:07:00 PM
From: Kenneth R Miller  Read Replies (1) | Respond to of 120523
 
AVCO
Business Summary
Avtel Communications, Inc. is a provider of broadband network services integrating voice, data and video solutions for individuals & corporate customers. For the 6 months ended 6/98, revenues fell 12% to $23.7M. Net loss totalled $3.8M vs. an income of $173K. Revenues suffered from a reduction in sales by affiliated distributors for Matrix. Earnings also suffered from a decrease in gross profit margin, and an increase in salaries and wages.



To: Jenna who wrote (18493)11/12/1998 5:11:00 PM
From: Kenneth R Miller  Respond to of 120523
 
AVCO:
SANTA BARBARA, Calif.--(BUSINESS WIRE)--Nov. 12, 1998--

50 Times Faster Than Conventional Modems? Now That's Fast!

Speeds Up to 50 Times That of a Conventional Modem Are Now an Option
for Homes and Small Office/Home Office Environments
through ADSL, at a Fraction of the Former Cost

AvTel Communications, Inc., (Nasdaq:AVCO.O), and its Internet
service provider subsidiaries Silicon Beach Communications and WestNet
Communications today announced the launch of its DSLink Service,
providing high-speed Internet access over Asymmetric Digital
Subscriber Line (ADSL). ADSL is a new modem-based technology that
provides a dedicated connection to the Internet that is up to 50 times
faster than conventional modems. It works on an existing phone line
and allows the sending and receiving of voice and data simultaneously.
The user is always just a click away from the Net with no waiting and
no busy signals.
DSLink Services will be available to residents and businesses
within three miles of one of their local telephone company's Central
Offices. Currently it is available in downtown Santa Barbara, with
further deployment through Goleta and Carpinteria due by the end of
November. Customers will incur additional charges from their local
Telephone Company, in addition to their existing line charges, and may
select a service offering from Silicon Beach for as little as
$30/month.
"Our DSLink Services enable us to provide our Residential and
SOHO customers access speeds previously only cost effective for larger
businesses," stated Dave Clark, General Manager of AvTel's Internet
Services Division. "We've always provided businesses with high speed
access and developed the applications that drive their necessity, so
I'm extremely excited about bringing these advanced capabilities
home."
Internet users with DSLink Service will have greater access to
the new and emerging technologies of the Internet, including
full-motion video, faster loading times, streaming content and
unbelievably fast download speeds -- all at value-priced rate plans.
Both Silicon Beach Communications, Inc. and WestNet
Communications are Integrated Communications Providers of Internet
access, telephony service, calling cards, Web development and Web
hosting to individuals and business customers. Silicon Beach and
WestNet own and operate Internet points-of-presence throughout the
Central Coast of California.
AvTel Communications, Inc. is a provider of broadband network
services integrating voice, data and video networking solutions for
individuals and business customers. The Company markets and sells a
broad range of telecommunications and advanced network services
through independent value-added resellers and internal direct sales
professionals. The Company targets mid-size corporations, small-office
home-office professionals and select residential market segments. The
Company is fully certified by the FCC and registered in all 48
contiguous states and Hawaii. In addition, the company holds billing
agreements with all the Regional Bell Operating Companies, GTE and
other independent telephone companies.
All statements in this press release other than statements of
historical fact are forward-looking statements that involve
substantial risks and uncertainties. Reference is made to the
Company's Annual Report on Form 10-K for the year ended December 31,
1997 and to the Company's other reports filed with the Securities and
Exchange Commission for a discussion of such risks and uncertainties
and other factors that may have material effect on the Company's
business.
rt.marketwatch.com