and fore was down 7/8 today...geez i wonder if it could be a tad bit of manipulation bt the mm's and IMPATIENT investor's that want to be spoon fed.
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.Monday March 29, 8:00 am Eastern Time
Company Press Release
SOURCE: FORE Systems, Inc.
FORE Systems, GTE Team to Provide Advanced Video Information, Entertainment Solutions
Integrated Solution Brings Full-Featured Interactive Multimedia System To Hospitality, Corporate, Government, Residential Users
PITTSBURGH, March 29 /PRNewswire/ -- FORE Systems, Inc. (Nasdaq: FORE - news), a leading global supplier of Application Aware(TM) networking solutions, today announced that GTE has chosen FORE's networking products to support its new GTE Intrigue(SM) turnkey interactive video information and entertainment system. GTE's interactive services group, a business group within GTE Government Systems Corporation, will bring advanced interactive multimedia services to customers in a wide variety of industries.
GTE Intrigue is an integrated solution built on FORE's resilient networking infrastructure that provides a scalable, high-performance network that meets the demands of interactive applications. The system will deliver a broad array of interactive entertainment and information services, such as video-on-demand, high-speed Internet access, on-line shopping, games and more.
''GTE Intrigue provides an integrated end-to-end solution for those seeking to deploy advanced interactive multimedia applications,'' said Al Whitmore, vice president of GTE Interactive. ''To make this happen, we need a high performance network like FORE Systems' with the bandwidth and intelligence to deliver multimedia services with reliability and precision.''
''GTE will bring revolutionary interactive access to services for customers in a broad range of organizations,'' said Donal Byrne, senior vice president corporate marketing at FORE Systems. ''FORE's scalable, intelligent networking products will enable the GTE Intrigue system to deliver a new level of customized information services tailored to customers' interests and needs.''
Multimedia Content Supercharged by FORE Equipment
The integrated GTE Intrigue system employs a video server, database server or similar content source linked to users by a network infrastructure built on FORE products, including the ForeRunner® ASX(TM) -1000 backbone switch, ForeRunner ASX-200BX backbone switch and ForeRunnerLE® 25 workgroup switches. Digital television set-top boxes and desktop personal computers are connected directly to the network. FORE's high-performance networking products enable GTE to scale the Intrigue system as customers' needs grow, along with the size of a facility while maintaining top performance, service quality and interactive capabilities. Because of FORE's advanced networking solutions, video, voice and data can share the single network infrastructure without loss of service quality.
In addition to designing the network and installing infrastructure components, GTE's interactive services group also will acquire and supply custom content appropriate for the systems. For example, a GTE Intrigue system configured for a hotel could include a video server providing guests with video-on-demand with full ''VCR-like'' control of hundreds of movie selections. The same system could provide patrons with high-speed Internet and e-mail connectivity and access to personalized services, such as local entertainment and restaurant listings.
In developing GTE Intrigue, GTE conducted a successful field trial of an interactive system in the United Kingdom, providing interactive services to homes over a hybrid fiber-coax network.
''This is an excellent example of how FORE's Application Aware networks enable advanced interactive applications to perform with the highest degree of flexibility and scalability,'' Byrne said.
About GTE's Interactive Service Offerings
GTE's interactive services group is a systems and network integration team providing global end-to-end solutions for high-speed video network requirements. Together with its partners, GTE is helping customers develop and maintain competitive advantages by implementing high-end video network solutions for applications ranging from distance learning, training and video- based corporate communications to digital media, entertainment and interactive video services for commercial or residential markets.
To meet its customers' requirements, GTE will design a network architecture, integrate the necessary components, adapt interactive application software, provide custom content, and provide global installation and maintenance. More information about GTE interactive service offerings can be found on the World Wide Web at gte.com.
About GTE Corporation
With 1998 revenues of more than $25 billion, GTE Corp. (NYSE: GTE - news) is one of the world's largest telecommunications companies and a leading provider of integrated telecommunications services. More information about GTE Corp. can be found on the Internet at gte.com.
About FORE Systems
FORE Systems is a leading global supplier of high performance networking solutions. FORE's Networks of Steel(TM) deliver the increased capacity, resiliency and scalability necessary to build networks that last. Thousands of enterprise and service provider customers worldwide have put FORE Systems' solutions at the heart of their networks.
For more information on FORE's Networks of Steel, call 888-404-0444 or visit the FORE Systems web site at fore.com.
This press release contains forward-looking statements with respect to products, partners, customers, future growth and other matters. Please refer to the Annual Report on Form 10-K filed by FORE Systems with the Securities and Exchange Commission in June, 1998, and the Quarterly Reports on Form 10-Q filed by FORE Systems in August, 1998, November, 1998, and February, 1999, for a discussion of risks that could cause actual results to differ materially from such statements.
All FORE Systems' editorial information and graphics can be found on NEWSdesk, the high-tech Internet Network at newsdesk.com.
FORE Systems, ForeRunner and ForeRunnerLE are registered trademarks of FORE Systems, Inc. Application Aware, ASX and Networks of Steel are trademarks of FORE Systems, Inc. All other brands or product names are trademarks of their respective holders.
SOURCE: FORE Systems, Inc.
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