FRANKLIN UNVEILS INTERNET-BASED PHONE SYSTEM.Byline: Ben Sullivan Daily News Staff Writer Franklin Telecom, a Westlake Village-based manufacturer of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. equipment, said Wednesday that it has developed a ``no-computer-needed,'' Internet-based long-distance telephone system that could dramatically cut the cost of some long-distance telephone calls. The system lets a user place a call from any telephone to any other phone over the Internet without requiring special software or hardware. Franklin said it will initially market the service for real-time telephone calls and voice mail, and plans to eventually offer fax, fax broadcast and so-called ``follow-me'' and ``find-me'' call forwarding call forwarding n. A telephone service that enables a customer to have an incoming call automatically rerouted to another extension. Noun 1. . News of the service gave Franklin shares a major boost, rising 75 cents Wednesday and an additional 18.7 cents Thursday to close at $3.437. Franklin shares had taken a drubbing since hitting a 52-week high of $5.68 in February, after AT&T filed a lawsuit against Franklin and two other telecom companies for their alleged role in a scheme that illegally used AT&T telephone lines to resell re·sell tr.v. re·sold , re·sell·ing, re·sells 1. To sell again. 2. To sell (a product or service) to the public or to an end user, especially as an authorized dealer. low-cost Internet access See how to access the Internet. . But in September alone, the company's stock has more than doubled from a low of $1.56. ``We've got a lot riding on this technology,'' Frank Peters, Franklin president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said in a statement about the new phone service. RINGING UP INTEREST Shares of Westlake Village-based Franklin Telecom have risen sharply the last two days on news of its Internet phone service See VoIP. . Sept. 1, 1 3/4 Sept. 2, 1 9/16 Sept. 18, 3 7/16 CAPTION(S): Chart CHART: (color) RINGING UP INTEREST (see text) SOURCE: Bloomberg News Daily News |
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