Cielo Communications Receives "Top 10 to Succeed" Investors' Choice Award at Technology Outlook Conference.BROOMFIELD, Co.--(BUSINESS WIRE)--Dec. 21, 1998--Cielo Communications, a leader in providing gigabit-per-second interconnect solutions for the expanding high-speed networking industry, was presented with an Investors' Choice Award at this month's Technology Outlook conference hosted by Technologic Partners. Cielo Communications was one of ten companies chosen as "Most Likely to Succeed" from among more than 70 privately financed technology companies that were invited to present their business plans at the annual San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden conference. "Over the past year, Cielo has worked to design and manufacture innovative products that will help move the networking industry toward the ultimate goal of creating faster and more cost-effective data systems," said Tim Bour, president of Cielo Communications. "Being honored with the Investor's Choice award indicates that we have been successful in our efforts, thus far, and that the industry supports our vision for the future." At the Technology Outlook conference, Bour, president of Cielo Communications, presented the company's 1999 business plan to an audience of several hundred venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. , money managers, investment bankers and industry executives. After Cielo's presentation, audience members were asked to rate the company's prospects for success. Selection for the Investors' Choice award was based on the rating of the audience members and on recommendations from a panel of distinguished technology investors that included Jonathan Meyers, managing director at SoundView Financial Group, Michael Murphy Michael Murphy may refer to:
Cielo Communications, which was formed in February of this year, is focused on meeting the demands of the expanding high-speed network industry by offering a full line of optical GBIC (GigaBit Interface Converter) A hardware module used to attach network devices to fiber-based transmission systems such as Fibre Channel and Gigabit Ethernet. The GBIC converts the serial electrical signals to serial optical signals and vice versa. transceiver modules to the Gigabit Ethernet An Ethernet standard that transmits at 1 Gbps. Used mostly to connect high-end workstations and servers as well as for network backbones, Gigabit Ethernet transmits full duplex from point to point using switches and half duplex in a shared environment (CSMA/CD) using a hub. and Fibre Channel markets. Cielo is an industry leader in developing VCSEL (Vertical Cavity Surface Emitting Laser) Pronounced "vixel." A type of laser diode that emits light from its surface rather than its edge. A VCSEL's circular beam is easy to couple with a fiber, and due to its surface-emission architecture, can be tested technology for use in gigabit-per-second optical interconnect solutions and their commitment to VCSEL technology enables the broader adoption of affordable, high-speed fiber optic interconnect solutions in the data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. and telecommunications marketplace. Cielo Communications has headquarters at 325 Interlocken Parkway, Building A, Broomfield, Co. 80021. Additional company and product information is available on the World Wide Web at http://www.cieloinc.com. |
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