Bridge Technology and Raytheon Electronics to Cooperate On Wireless Appliances.Business Editors and High-Tech Writers GARDEN GROVE Garden Grove, city (1990 pop. 143,050), Orange co., S Calif., a suburb of Long Beach and Los Angeles, on the Santa Ana River; founded 1877, inc. 1956. Many of its residents work in nearby aerospace and defense installations, and there is light manufacturing. , Calif.--(BUSINESS EDITORS)--Dec. 23, 1999 Bridge Technology (BTGY) and Raytheon Corp. Thursday jointly announced a cooperative working agreement. Raytheon RF Components is cooperating with Bridge Technology, Inc. (BTGY) in investigating the opportunity for a wireless Internet appliance Also called "information appliance," "smart appliance," and "Web appliance," it is a device specialized for accessing the Web and/or e-mail. Designed for ease of use, it plugs into a telephone jack or LAN connection for Internet hookup. currently under development by Pacific Bridge Net, a subsidiary of Bridge Technology. Both Raytheon and Bridge will work closely to maximize the market potential of the new generations of Raytheon RF components in the fast expanding applications of RF technologies to high-speed Internet See broadband. Appliances. Bridge and Raytheon RF Components are also working together to investigate opportunities for using current and/or future Raytheon RF components in products currently being designed by other companies, which might include Microsoft and DCS (1) See also DSC. (2) Digital Cross-connect System) A network switching and grooming device used by telecom carriers. See digital cross-connect. , Tokyo. The parties expect to enter into a definitive arrangement as business opportunities continue to develop. In addition, James Djen, president of BTGY, confirmed that the company has applied for Nasdaq listing. Approval is expected to be received within three weeks. Bridge Technology, is a design innovator for various computer, digital voice, data telecommunications and Internet related products. The company, with subsidiaries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Japan and Hong Kong, has the ability to mass-produce, market and distribute through an established international channel system. 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 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: The statements contained in this release, which are not historical facts may be deemed to contain, forward-looking statements, including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation may result from risk and uncertainties, including, without limitation, the company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risks and uncertainties. The company disclaims any obligation to update information contained in any forward-looking statement. |
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