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Technology Stocks : INNOFONE.COM (INNF-NASDAQ-OTCBB) -- Ignore unavailable to you. Want to Upgrade?

To: Goalie who wrote (4)	6/9/1999 8:27:00 PM
From: Jason Webster	Read Replies (1) \| Respond to of 107

Looks like interest is picking up, check out this recent article, some major companies are looking to get in on the action... 07Jun1999 USA: TI to buy voice-over-IP player. By Darrell Dunn. Dallas-Texas Instruments Inc., continuing to stockpile emerging communications-related companies, last week said it would acquire Telogy Networks Inc., a leading provider of voice-over-IP (VoIP) software. Drawing from its war chest of more than $2 billion amassed in the past few years as it sold its defense, DRAM, and other businesses, TI has completed about a dozen acquisitions to position itself as a leading provider of DSP and analog solutions to communications markets. While TI's sales to the VoIP market are expected to generate revenue only in the tens of millions of dollars this year, the company believes it can grow the business to the billion-dollar level within four to five years, said Mike Hames, a TI vice president and manager of the company's worldwide DSP business. "We're seeing an aggressive deployment of fiber technology using packetized voice that's creating explosive growth," said Hames, who works out of Houston. "Telogy is the de facto standard in packetized voice and data software. Combining that with our programmable architecture is going to make for an exciting ride going forward." Telogy, Germantown, Md., was founded in 1989 as a contract engineering company, but in the mid-1990s began concentrating on providing software solutions based primarily on TI's TMS320C5x DSP family. Telogy's Golden Gateway software is used by such communications-equipment manufacturers as Cisco, Nortel, and 3Com. TI intends to acquire Telogy in a stock-for-stock transaction valued at about $435 million. Telogy had 1998 revenue of $14 million. TI plans to operate Telogy as a subsidiary, retaining its 110 employees as well as its management. Joseph A. Crupi, president and chief executive of Telogy, is expected to become president of the subsidiary. "Customers are asking for bundled solutions," Crupi said. "Together, Telogy and TI can offer a full solution of hardware and embedded software ... to address the incredible market opportunity in packet telephony." VoIP allows voice and data to travel simultaneously over a single network line. TI plans to use its DSPs and the Telogy software to convert and compress voice, data, and faxes into digital packets for distribution on LANs, intranets, and the Internet at levels equivalent to those of traditional circuit-switched telephony. The company believes it can address such end-equipment applications as gateways, remote-access servers, remote-access concentrators, Internet phones, xDSL modems, cable modems, Internet fax machines, and other Internet appliances.Inc. (c) 1999 CMP Publications Inc., 600 Community Drive, Manhasset, NY 11030. Source: ELECTRONIC BUYER'S NEWS 07/06/1999