To: Rajiv who wrote (491) | 9/21/2000 8:18:34 AM | From: Fuzzy | | | Thursday September 21, 8:01 am Eastern Time Press Release Juno and Metricom Expand High-Speed Wireless Internet Service to Seven New Markets NEW YORK & SAN JOSE, Calif.--(BUSINESS WIRE)--Sept. 21, 2000-- Juno Online Services, Inc. (Nasdaq: JWEB - news) and Metricom, Inc. (Nasdaq: MCOM - news) announced today that Juno's high-speed mobile wireless Internet service is now available in seven additional markets, including Baltimore, Dallas/Ft. Worth, Houston, Philadelphia, Phoenix, San Francisco and Manhattan. The service, Juno Express(SM) powered by Ricochet(SM), offers speeds up to 128 Kbps and is part of Juno's suite of high-speed Internet access options. The service launched in Atlanta and San Diego in July.
Metricom, Inc. is a leading high-speed wireless network operator. Juno is the nation's third-largest provider of dial-up Internet services, after AOL and EarthLink, with more than 3.38 million active subscribers.
``This service, which we're rolling out with Metricom, offers subscribers a taste of the next-generation, anywhere, anytime Internet. It's an amazing experience,'' said Charles Ardai, Juno's president and chief executive officer. ``Suddenly, you can surf the Web, check your e-mail, or do anything else on the Internet at high speed, whether you're at home, in a car, or even relaxing at the beach. The combination of broadband and wireless opens up fantastic new possibilities for the Internet, and we're very excited to enable our subscribers be among the first to explore and enjoy it.''
Metricom's Ricochet service uses a network of microcell radios that are typically attached to streetlight or utility poles to deliver a mobile information solution at more than twice the speed of a standard 56K dial-up connection. Users simply attach a small wireless modem to their laptop; the Ricochet radio network will then detect and route signals coming from the laptop into its microcellular meshed network, and then out to the Internet. The service is currently priced at $79.95 per month after an initial charge for the Ricochet wireless modem.
Juno Express is designed to offer subscribers a range of broadband service options. Currently, subscribers can choose between DSL service, provided through Juno's relationship with Covad Communications (Nasdaq: COVD - news), the leading national DSL services provider, and high-speed mobile wireless access, provided in collaboration with Metricom (Nasdaq: MCOM - news). Juno has announced plans to offer satellite-based broadband access through an alliance with Hughes Network Systems, a unit of Hughes Electronics Corporation (NYSE: GMH - news), and the company also plans to participate in cable broadband access trials with Time Warner Cable and AT&T Broadband. |
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To: Manx who started this subject | 9/30/2000 4:30:54 PM | From: Duke-N-Duke | | | Hall of Shame Time, Congratulations PaineWebber
12/20/1999 14:13 Juno Online Services Reiterated `Buy' at PaineWebber Juno Online Services Inc. (JWEB US) was reiterated ``buy'' by analyst James Preissler at PaineWebber Inc. The 12-month target price is $120.00 per share.
Last Trade Sep 29, 2000 · $4
Quarterly cash burn based on most recent 2 quarters = 45 MM/Quarter.
Cash on hand as of 6/30/2000 = 85 MM.
Expiration date scheduled for December 2000 based on above stated rate of cash burn, ironically the same date we're due for $120/share as per James Preissler at PaineWebber Inc.
The following is from the SEC Division of Enforcement Complaint Center and may prove useful:
How Do I Submit My Complaint? Our Email Address is: enforcement@sec.gov Our Mailing Address is:
SEC Division of Enforcement Enforcement Complaint Center 450 Fifth Street, N.W. Washington, D.C. 20549-0202 Our Fax Number is:(202) 942-9570 |
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To: Manx who started this subject | 10/11/2000 12:32:32 AM | From: Duke-N-Duke | | | Freei Files for Bankruptcy
Friday October 6, 8:20 pm Eastern Time TheStandard.com
By Dominic Gates
Freei Networks, also known as FreeInternet.com, a free ISP that operates nationally and is based in Federal Way, Wash., filed for Chapter 11 protection Friday and announced that NetZero will acquire its assets.
It is expected that Freei users will be referred to NetZero's service. "Our intent is to provide maximum continuity for FreeInternet.com users," NetZero CEO Mark R. Goldston said in a statement. "NetZero intends to help FreeInternet.com users transition as smoothly as possible, so they can continue to enjoy the benefits of free Internet and e-mail." NetZero is based in Westlake Village, Calif.
The move comes a week after the company laid off 90 employees because it was having trouble meeting its payroll.
At the time, Freei CEO Bob McCausland refused to confirm rumors of a buyout.
As with the earlier layoffs, Freei employees who had lost their jobs were given scant notice to pack up their things. "They gave everyone 3 minutes to get out, and those were their exact words," said one former staffer who had been laid off in a previous round.
Freei was the fifth-largest free ISP in the U.S. after 1stUp.com, NetZero, Spinway and Juno. It launched December 1998 in the Seattle metropolitan area before expanding nationwide. Since then, it has registered 3.2 million users, though only 40 percent to 45 percent of them actively use the service.
Like other free ISPs dependent on ad revenue, Freei had tried to broaden its revenue base through partnerships, affiliate programs and by offering private-label and co-branded versions of its service. Nevertheless, it burned through money. In 1999, the company lost $19 million on revenue of only $983,000.
The free ISP's demise came despite strong financial backing. It raised an initial $10 million in August 1999 from Sequoia Capital, a venture capital firm in Menlo Park, Calif. That investment also added Mark Stevens, managing director of Sequoia, to Freei's board. In November, Freei raised an additional $25 million, almost half of which came from MP3.com, where Stevens also is a director. In March, the company raised a hefty $53 million in private financing, including approximately $5 million from InfoSpace. Naveen Jain, CEO of InfoSpace, also took a seat on FreeInternet's board. Freei filed for an IPO on March 31, just before the market turned south.
The free-ISP model has proved popular with customers, but it has raised doubts among investors about a company's ability to sustain itself on advertising revenue alone.
Check out The Standard's Dot-Com Layoff Tracker for a look at which sites have cut workers or closed up shop. Also, e-mail any tips on layoffs or closures to layoffs@thestandard.com. |
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To: Fuzzy who wrote (492) | 11/15/2000 1:46:28 PM | From: im a survivor | | | Anybody buying JWEB in here........Looks like a deal with AOL/TW is near. At this level, seems live risk level is low while potential is tremendous. I dont think anybody see's jweb revisting it's $85 or so high in the near future, but certainly a naz rally, and deal with the new giant aol/tw, could certainly propel this to $7 for a double.....$20 for a 6 bagger...$30 for a ten bagger......
JMO
keith....looking for bargains with minimum downside and possible explosive upside |
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To: im a survivor who wrote (496) | 3/1/2001 4:07:38 PM | From: AJ Berger | | | Anyone know where you can get free Email Access?
Juno used to do Free Email including the ISP connection to the InterNet, but only for Juno Email, not for Browser Access. Well, somehow they must have discontinued this service cause now their Free Basic includes a Browser with tons of Marketing pumped into your screen. Does anyone know of a genuine Email only Access system for people who don't want to expose their kids to Internet Access, but at least want them to still be able to use Email!? |
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To: im a survivor who wrote (498) | 4/27/2001 11:12:24 AM | From: Ms. Baby Boomer | | | Juno to hook up with AOL By Erich Luening Staff Writer, CNET News.com April 26, 2001, 6:45 a.m. PT
Internet service provider Juno Online Services said on Thursday it has inked a deal with AOL Time Warner to deliver high-speed Web access over the Time Warner Cable network.
Time Warner Cable will agree to market and sell Juno Express, a high-speed Internet access service, to its customers.
Under the terms of the agreement, which is subject to approval by the Federal Trade Commission, the deal will go into effect after Time Warner Cable modifies its network to accommodate multiple ISPs. The companies expect the service to begin in the second half of the year.
The Juno deal is the second ISP agreement reached by Time Warner Cable. In November, the company signed a pact with EarthLink.
The Juno deal ends a trial program conducted by Time Warner Cable and the ISP in Columbus, Ohio, that began in July.
In the wake of the government scrutiny that surrounded the merger of America Online and Time Warner, many ISPs have benefited as a result of demands put on the company to keep its cable networks open to competing Internet service providers.
news.cnet.com |
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