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Technology Stocks : AppliedTheory Corporation (ATHY) -- Ignore unavailable to you. Want to Upgrade?

To: Gordon Gekko who wrote (23)	4/30/1999 5:53:00 PM
From: Mr. Big	Read Replies (1) \| Respond to of 98

AppliedTheory First to Offer Next Generation Internet Services to Research and Commercial Markets NEW YORK, Dec. 14, 1998 — AppliedTheory announced today that it is bringing to market a suite of products and services that will make it the first Next Generation Internet Service Provider in the nation for the research, government, and commercial sectors. Next generation Internet services represent a new wave of major improvements in Internet performance, making the network truly business worthy through the availability of increased bandwidth, implementation of new network architectures, and the development of applications and protocols to support interactivity on a mass scale. AppliedTheory's next generation product suite will deliver a broad range of capabilities to research, educational, and commercial organizations that require network services capable of supporting demanding Internet applications such as enhanced multimedia, telemedicine, distance learning, and advanced engineering and research applications. Demand for the new services is also being driven by the commercial sector, which views AppliedTheory's past and present efforts as an ideal proving ground. AppliedTheory, IXC Communication's partner in the Gemini2000 Project (which was announced in a separate news release today), will provide Internet expertise and customer demand for new network solutions over IXC's OC-48 high performance network backbone, the Gemini2000 Network. AppliedTheory will work with IXC to provide next generation services including new Quality of Service guarantees, research and network management tools, and multimedia services. According to Forrester Research, the Internet services market is diversifying from a basic, undifferentiated set of offers to a rich mix of speeds, access methods, and pricing plans. Going forward, further granularity in the areas of feature packs, performance guarantees, and bundled services will push the access business from nearly $6 billion last year to more than $38 billion in 2002. "Our goal is to make the Internet more robust for universities and businesses by creating next generation products and services that are significantly more powerful and versatile than those available over the current Internet," said Richard Mandelbaum, CEO of AppliedTheory. "AppliedTheory is positioned to become the premier Next Generation Internet Service Provider because of the unique expertise we have gained in working with our customers in the research, educational and commercial sectors. We are excited to partner with IXC because of their league-leading infrastructure, expertise, and track record of innovation." In a related news release, it was announced today that AppliedTheory and IXC are working with NYSERNet, in partnership with Newbridge Networks (NYSE: NN), to establish the first Internet2 network for New York State. This project, named NYSERNet2000, will deliver high performance Internet solutions to some of New York's most prominent research and educational institutions, including Columbia University and New York University. The NYSERNet2000 project is an example of the commitment of the IXC/AppliedTheory partnership to collaborate on innovative solutions with its customers.