ANTEC announces letter of intent to form a design and construction management joint venture.ROLLING MEADOWS Rolling Meadows, city (1990 pop. 22,591), Cook co., NE Ill., a suburb of Chicago; inc. 1955. There is research and development and the manufacture of office supplies and electronic components. , Ill.--(BUSINESS WIRE)--May 15, 1997--ANTEC Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANTC ANTC Advanced Networking Test Center ANTC Alliance for a New Transportation Charter ANTC Adjusted Net Tax Capacity ANTC Antennapedia Complex ANTC Advanced National Technical Certificate (Nigeria) ANTC Anticipated Net Tax Capacity ) today announced that it has signed a letter of intent, subject to certain approvals, with Tele-Communications, Inc. (TCI (Trustworthy Computing Initiative) An umbrella term from Microsoft for its efforts to improve security in Windows. TCI was announced in 2002 after viruses such as Code Red and Nimda had succeeded in attacking numerous Windows computers. ) to form a joint venture limited liability corporation which would provide design, engineering and construction services in support of TCI's recently announced plans to upgrade its domestic cable TV systems. Pre-engineering and design work in anticipation of the implementation of TCI's upgrade program is already in progress. Construction will begin during the second half of 1997. "We have begun an aggressive program to upgrade our facilities nationwide and to bring a wide range of new digital services and capabilities to our customers," said Tony Werner, TCI senior vice president engineering & technical operations. As previously announced, TCI plans to invest significant capital over the next three years to upgrade both its transmission facilities and headend equipment. To implement these upgrade plans, considerable engineering, design and construction activities must be completed. The new joint venture company will ensure that uniform engineering and construction planning is in place and implemented so that an orderly and efficient construction and installation program is followed. ANTEC Corporation (http://www.antec.com) is an international communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry company serving the broadband information transport industries. Headquartered in Rolling Meadows, Ill., ANTEC has major divisional offices in Atlanta and Denver; manufacturing facilities in New Jersey, Texas, Illinois, Alabama and Juarez, Mexico, and sales offices throughout Europe, Asia/Pacific and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . ANTEC specializes in the manufacturing, materials management and distribution of products for hybrid/fiber coax (HFC 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. ) broadband networks, as well as the design and engineering of these networks. The forward looking statements in this report are subject to a number of factors that may cause actual results to differ materially. Such factors include acceptance of products under cancelable orders, performance of new products, ability to deliver new products in a timely and profitable manner, developments and competition in customers' markets, general economic conditions, availability and cost of capital, other demands and opportunities for capital (such as acquisitions), regulatory developments, and other factors more fully described in our reports to the Securities and Exchange Commission, including our reports 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. . CONTACT: ANTEC Corporation Jim Bauer 847-439-4444 jim.bauer(at sign)antec.com |
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