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-- =DJ Accelerated Up-3: Co In Pact With Big Carrier - Investor --
Accelerated Networks has recently signed a contract with a big new customer,
whose revenue will largely exceed every previous order, an investor said
Tuesday.
"Accelerated Networks has signed a contract with a first-tier competitive
local exchange carrier, which is worth multiple times every contract they had
before," said Greg Hirtzig, an analyst with Twin Capital Management LLC, an
equity arbitrage firm that owns Accelerated Networks stock.
Hirtzig said the deal is assured with a triple-A credit with Siemens AG. He
added he believes the company will announce the deal when it reports its
third-quarter earnings, on October 26.
According to Hirtzig, the telecommunications company is on track to meet the
announced goal of adding two to three new customers every quarter.
An Accelerated Networks spokesperson didn't deny or confirm the news, saying
the company hasn't announced any new deal since August 28 when it signed a $10
million pact to deliver additional broadband access equipment to CTC
Communications Corp. (CPTL).
-By Elena Molinari, Dow Jones Newswires; 201-938-4047;
elena.molinari@dowjones.com
(END) DOW JONES NEWS 10-10-00
03:59 PM- - 03 59 PM EDT 10-10-00
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