Jenna, muy buenos and bare with me, The point in this post is that if you think AWRE can trade at its current multiples based on future royalties from its intelectual property look closely at my proposal on BBTK.
Now that i see you are probing hot topics for the upcoming trading year, ie y2k amongst others, could you comment ,when you can, on the roll out of xdsl and sophisticated switching platforms and software for high bandwidth access, fiber to the curb included. Bellsouth here just wrapped up its limited test cycle-adsl for available customers in the Triangle, raleigh area. Expansion for sub areas within the target zone are being evaluated now and i expect after review of several months of installation and use they will widen availability a bit, especially with time warner not having proliferated the cable modem yet here.
Also it happens that in this area, the triangle, which houses recent performers such as cree, is a company long forgotten but still very alive called bbtk-broadband technologies, a once 40 dollar stock when its technology was way ahead of itself. CEO David Orr came from alcatel where he completely turned that organization around and has been chipping away bit by bit at bbtk. The stock took a panic hit on news of possible delisting, but recovered a bit on the success of nasdaq extension. The story is interesting to say the least with years of ties with lucent and a recent end to patent litigation with next level communications" As part of the settlement
agreement, the companies have agreed to cross-license
their patents. Also, BroadBand and Next Level have agreed
to work together on technical and regulatory issues to
advance the development of the broadband access telephony
market."
broad band looks to have dodged all the knives. Heres a piece on their last big move a 17 mill transfer of intellectual property and patents to be exclusively liscened back to bbtk this year.
BROADBAND TECHNOLOGIES FINALIZES
EXPANDED STRATEGIC ALLIANCE AGREEMENT
WITH BOSCH TELECOM
Companies Will Develop and Accelerate
Time-to-Market for Advanced Full Service
Access Network-Compliant Solutions
RESEARCH TRIANGLE PARK, NC - June 10,
1998 - BroadBand Technologies, Inc.
(NASDAQ: BBTK), a provider of integrated
access platforms for the
telecommunications industry, today
announced it has finalized its expanded
strategic alliance agreement with Bosch
Telecom Gmbh. By utilizing the resources
and expertise of both companies,
BroadBand and Bosch will develop and
accelerate time-to-market for advanced
Full Service Access Network
(FSAN)-compliant product offerings.
On May 19, BroadBand announced an
agreement to expand its existing
strategic alliance with Bosch to include
developing, manufacturing and selling
FSAN products. Under the terms of this
agreement, Bosch is paying $14 million
in cash payments to BroadBand as well as
subsequent royalty payments. BroadBand
has transferred intellectual property,
employees and equipment to Bosch. The
agreement calls for Bosch to develop new
intellectual property for FSAN products
and to license the new intellectual
property back to BroadBand. In addition,
the companies have agreed to
international manufacturing and
distribution agreements, as well as
future cross supply agreements.
"This expanded strategic alliance with
Bosch enables BroadBand to apply its
leading technology against a wide set of
global access opportunities," said David
E. Orr, president and CEO of BroadBand
Technologies, Inc. "It is the
continuation of a successful partnership
between BroadBand and Bosch, and enables
us to reduce the time-to-market for
advanced FSAN-compliant products. The
rapid execution of the agreement
represents BroadBand's singular focus on
the implementation of our new business
strategy. Our relationship with Bosch,
combined with the other elements of the
strategic plan already in-place, enables
BroadBand to increase its market
opportunities while reducing its cash
consumption."
Bosch Telecom is the $2.9 billion
telecommunications unit of the $27
billion German-owned Robert Bosch group
of companies. It is a leader in Europe
and other parts of the world, providing
narrowband and wireless services to
service providers through its advanced
access systems.
FSAN is a global standard being
developed by a 23 member interest group
which includes twelve international and
eleven U.S. telephone companies,
including SBC, BellSouth and GTE, as
well as Bosch and BroadBand. The FSAN
initiative is centered on creating
requirement specifications for access
systems that provide both broadband and
narrowband services.
The FSAN standard is very similar to the
architecture of BroadBand's existing
iFLX(tm) product. Both architectures
incorporate high bandwidth, asynchronous
transfer mode (ATM), passive optical
network (PON) and Digital Subscriber
Line (xDSL) technologies. By using the
iFLX platform as the broadband
foundation for the FSAN products and
investing in additional development, the
companies expect to have a distinct
time-to-market advantage in developing
FSAN-compliant products.
Strategic Focus on Local Loop Access
The expanded alliance with Bosch
represents the second element of
BroadBand's new business strategy. In
February, BroadBand announced a
three-part strategy to improve its
financial position and target emerging
needs in the established, high-growth
local loop access market. As the first
of the three initiatives, BroadBand
signed multiple agreements with Lucent
Technologies worth in excess of $50
million over three years. The second
initiative, completed with Bosch, was
BroadBand's intention to form a
strategic alliance to evolve the iFLX
platform to meet the emerging FSAN
standard. The company's third strategic
initiative involves development of an
access product that capitalizes on its
core competencies in ATM, broadband
access and xDSL, as well as intellectual
property BroadBand is receiving from
Lucent. This new corporate strategy
establishes a foundation for BroadBand
to leverage its technical strengths to
target the high-growth, $2 billion,
converging loop access and data markets,
while gravitating toward more
independence and less reliance on video
demand over an integrated platform.
About BroadBand Technologies
BroadBand Technologies, Inc., based in
Research Triangle Park, North Carolina,
was founded in 1988. It specializes in
integrated access platforms, which
combine ATM switching and transport with
Digital Subscriber Line (xDSL) and
Fiber-in-the-Loop (FITL) technologies,
to deliver high-speed data and voice
services as well as digital video. The
company uses its access expertise in the
development of its own loop electronics
equipment and also supports other
telecommunications equipment providers
for broadband and optical local loop
components. For more information on
BroadBand Technologies, please see its
home page at bbt.com.
This press release contains
forward-looking statements including,
but not limited to, the company's
performance, development of an FSAN
standard, development of new products,
successful strategy implementation. The
Company's Form 10-K, Form 10Qs and other
documents on file with the Securities
and Exchange Commission identify
important factors which could cause
actual results to differ materially from
those indicated by the forward looking
statements. However, forward looking
statements are beyond the ability of the
Company to control and in many cases the
Company cannot predict what factors
would cause actual results to differ
materially from those indicated by the
forward looking statements.
####
ORR, the ceo, already has said third qrt 99 will have some product roll outs.( Shareholders bid the stock up to near 10 before they found out they would have to wait till 99, when ceo orr clarified regarding to activity in the stock back earlier this year. Please when you can check this out, I personally think the delisting threat is long gone. The well planned restructuring has provided an unprecedented opportunity here in which bbtk will resume its status as a high flyer this year as broadband access and the sophisticated platforms the bells and others will need to implement it come into real play. BBTK-impending AWRE all over again
look forward to your comment. adios |
