Hughes Buying DSL Company.Hughes Electronics Corp. has offered $180 million in cash for Cupertino Cu·per·ti·no A city of western California west of San Jose. It has an electronics industry. Population: 50,000. , Calif.-based Telocity, a provider of high-speed Internet See broadband. access. The deal calls for Hughes to pay $2.15 for each of the company's 84 million outstanding shares. Telocity was trading at $1.40 per share at the time of the offer. Hughes officials said the acquisition of Telocity, which provides digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and service through conventional phone lines, will allow it to offer virtually any customer the same combination of video and high-speed Internet services that cable operators are starting to provide. The deal could also open the door to interactive video services that can only be done through an always-on, high-speed connection to the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Hughes already has a satellite-based Internet service, DirecPC, but the cable operators' cable-modem services have proven to be much more attractive to consumers. One reason is that DirecPC has been a one-way service -- users could download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. data rapidly via satellite, but they needed to connect through a phone line to send commands. Hughes also announced that a two-way version of DirecPC would be available early next year. |
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