To: Frank A. Coluccio who wrote (3536 ) 5/3/1999 10:07:00 PM From: Kenneth E. Phillipps Read Replies (1) | Respond to of 12823
Frank & Thread: I notice that Comdisco (CDO), a network services company, has purchased Prism Communications - a provider of DSL. Comdisco says they plan a nationwide expansion of the Prism network. IMO, they are probably planning on bundling DSL with other types of network services - maybe ecommerce types of services. Is the bundling of network services with DSL a trend we should be looking for? The analysts are apparently very high on CDO because they have had three upgrades in the past week. Ken go2net.newsalert.com . Comdisco, Inc. CEO Discusses Nationwide Expansion of Prism Communication Services, Inc.'s High-Speed Data Connectivity, RED Business Wire - April 27, 1999 10:05 NEW YORK--(BUSINESS WIRE)--April 27, 1999--In a meeting with security analysts today to review its record second quarter earnings, Comdisco, Inc. president and chief executive officer, Nick Pontikes, discussed the planned direction for Prism Communication Services, Inc. The recently acquired Prism offers high-speed data connectivity in Manhattan through its RED(SM) service. Based on the success of market entry and the rising customer demand for high-speed access, Comdisco intends to introduce the RED service nationally, focusing on 32 markets in the U.S. and additional markets in Canada. Since the service was launched on January 31, 1999 with the "RED MEANS GO" marketing campaign, RED has exploded onto the scene, garnering nearly 42% brand awareness in the New York Metropolitan Area, according to initial market research. Prism has quickly taken a leadership position in providing retail Digital Subscriber Line (DSL) access services to small and mid-sized businesses, power users and telecommuters, offering superior technology supported by attentive customer service. In addition to launching RED in the new markets, Prism intends to incorporate key Comdisco services, such as business continuity, lifecycle management and Web hosting, into new benefits tailored specifically for small and mid-sized businesses. Other areas of expansion could also include turnkey telecommuting solutions and other remote access services for larger Comdisco customers. Through RED, Prism offers always-on Internet access over ordinary telephone lines, transforming the way users connect and communicate. RED gives small businesses and customers the same sophisticated communications services that large corporations take for granted. With DSL technology and an advanced Nortel Networks(TM) (NT/TSE: NTL) backbone, RED lets users download data at speeds of up to 1 Megabit per second (Mbps)-17 times faster than analog modems (56K) and roughly eight times faster than dual-channel ISDN-without any per-minute charges. Prism Communication Services, Inc., a wholly-owned subsidiary of Comdisco (NYSE: CDO), is a next-generation communications company headquartered in New York City. For businesses and individuals alike, Prism is the single source for current and future high-speed data, Internet, video and voice solutions delivered through the company's advanced digital network. For more information on RED(SM), please visit www.redconnect.net. CONTACT: Prism Communication Services, Inc. Debra Niewald, 917/305-2133 dniewald@prismcsi.com or Ketchum/Crescent Julie Garner, 404/287-2000 ext. 175 julie.garner@ketchum.com