ADVISORY/Paradyne Hotwire GranDSLAM DSL Equipment Receives InfoVision 2000 Award.Business Editors/High-Tech Writers ADVISORY...for Tuesday (Oct. 17) LARGO, Fla.--(BUSINESS WIRE)--Aug. 18, 2000 Paradyne (Nasdaq:PDYN) today announced that its ATM-based DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary Access Multiplexer (DSLAM (DSL Access Multiplexor) A central office (CO) device for ADSL service that intermixes voice traffic and DSL traffic onto a customer's DSL line. It also separates incoming phone and data signals and directs them onto the appropriate carrier's network. See DSL. ), the Hotwire(R) GranDSLAM, has been selected to receive The International Engineering Consortium InfoVision 2000 Award. The award is given in recognition for products and services, introduced in the past year, that have added a new dimension to society as a whole. During the second quarter of 2000, Paradyne's record-breaking worldwide shipments of the Hotwire GranDSLAM have fueled a 62 percent growth in broadband revenues. The IEC (International Electrotechnical Commission, Geneva, Switzerland, www.iec.ch) An organization that sets international electrical and electronics standards founded in 1906. It is made up of national committees from over 60 countries. IEC - International Electrotechnical Commission , a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. dedicated to catalyzing positive change in the information industry and its university communities, will present the award at The National Communications Forum 2000 on Tuesday, Oct. 17, 2000 at the Hyatt Regency O'Hare in Chicago. ABOUT PARADYNE Paradyne is a leading developer of carrier-class high-speed network access solutions. A recognized market-share leader in DSL and Service Level Management solutions, the company markets its award-winning Hotwire(R) DSL and FrameSaver(R) Service Level Management systems to service providers and business customers. Paradyne's Hotwire Connected(TM) program accelerates DSL deployment by facilitating system-level interoperability and manageability. More than 10,500 Hotwire DSL Access Multiplexers (DSLAMs) have currently shipped, for a total capacity of more than 3 million lines. Paradyne is headquartered in the Tampa Bay area. More information is available by calling 1-800-PARADYNE (U.S. and Canada), 1-727-530-8623 or visiting www.paradyne.com. A corporate video is available at http://www.paradyne.com/corpview. (Requires Real Player) "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in this press release regarding Paradyne Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999 and other filings with the Securities and Exchange Commission. The company assumes no obligation to update the forward-looking information contained in this press release. Editors Note: Visit Paradyne's virtual pressroom at www.paradyne.com/news_n_events/press_room for product images and/or additional information. Product availability and pricing subject to change without notification. Hotwire Connected, MVL MVL Multiple-Valued Logic MVL Multiple Virtual Line MVL Montavista Linux MVL Moshannon Valley League (Pennsylvania high school baseball) MVL Mercury Vapor Light MVL Minimum Vector Length MVL Musikverein Lustenau , NextEDGE, OpenLane, Smart Room, Tripleplay and TruePut are trademarks of Paradyne Corporation. ACCULINK, COMSPHERE, ETC ETC - ExTendible Compiler. Fortran-like, macro extendible. "ETC - An Extendible Macro-Based Compiler", B.N. Dickman, Proc SJCC 38 (1971). , Hotwire, FrameSaver, Paradyne, the Paradyne logo and Performance Wizard are registered trademarks of Paradyne Corporation. All other service marks and trademarks are the property of their respective owners. |
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