CAIS Internet Comments On Microsoft Closing.Business Editors/Hi-Tech Writers WASHINGTON--(BUSINESS WIRE)--Aug. 4, 2000 CAIS CAIS - Common APSE Interface Specification Internet (Nasdaq"CAIS") today announced the closing of a previously announced $40 million cash investment by Microsoft Corp. in newly issued shares of CAIS convertible preferred stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . CAIS and Microsoft have been working together on several strategic initiatives including the development of a co-branded MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). portal that will distribute Internet content via CAIS's broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. in the hospitality industry, with an option for Microsoft to participate with CAIS in multifamily dwelling unit industries. We will further highlight our company's performance in conjunction the issuance of our second quarter financial results after the market closes on Monday, August 7th. About CAIS Internet CAIS Internet, Inc. (Nasdaq:CAIS) is a leading broadband access See broadband and wireless broadband. solutions company. CAIS provides the mobile workforce with comprehensive high speed Internet solutions while at home in apartments, at work during the day in small-to-medium businesses, or on-the-go at airports, travel plazas, cruise ships, retail stores, and in hotel guest and meeting rooms. Whether it's creating a low cost in-building network and content service for multiple users with proprietary and patented technologies, providing a public area Internet kiosk, or giving businesses daytime connectivity with 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 & leased-line dedicated access, the company delivers a cost-effective, easy and convenient Internet experience for customers. The customer experience is the result of a one-stop, integrated solutions package of innovative CAIS network access and technologies, IPORT software, customer support, portal content and systems. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion