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PLNS was going strong in Supercomm in Atlanta. In fact, the whole show was going strong. For the first time in years there were customers on the floor. And there was lots of exciting new things to see.
While I was at the PLNS booth, I saw several network engineers from CLECs and from small Independents visiting and kicking the tires of the workign Pliant 3000. It looked like they had expanded their sales force again. They had a good size crowd attending from PLNS. And from what the old timers were saying, the product was coming out of the chute after the usual labor pains.
The product was working and demo-ing well in the booth. They had rack mounted versions and cabinet mounted versions. They were showing an end-to-end call using GR-303, which is critical. It sounded like the narrowband version was solid. They were also showing demos of the DSL versions of cards, but it sounded like they may not be customer ready yet.
The biggest thing was the announcement of the Twin Lakes trial. This is a small IOC and is right in the heart of their target market. They all seemed pumped up about being in a customer site again. And although no one talked about other trials, there were plenty of hints that Twin Lakes was not the only one. I hope that their next announcement is a CLEC, since the IOC trial announcement did not seem to be enough to hold the stock price above 8.
So, PLNS seems to have made good on step one of their plan to deliver a product to an attractive, yet rather small market. The team was larger and they seemed very up beat. There were customers in the booth. Now, the next step is to make their trial customers happy and start growing revenues. I continue to believe that PLNS will soon have the same extravagent market cap that other small to medium sized telecomm access companies have. Go PLNS.
This blurb was in the Milwaukee journal newspaper: Q:I know currently DSL is limited to approximately 2.2 miles from a central office. Do you have any specifics about when that will expand? - Bob Sarver of Kimberly
A: Under an initiative called Project Pronto, Ameritech is upgrading its central switching centers and creating "neighborhood gateways," which will move DSL equipment closer to more neighborhoods and increase the speeds available to users while increasing the range.
Some of these gateways are already in place but have not been activated for DSL service yet. They're currently providing regular phone service but should begin boosting the range of DSL within the next couple of months.
If all goes according to plan, by the end of 2002 about 80% of Ameritech and other units of SBC Communications Inc. will have access to DSL service.
Do you know what product Ameritech and SBC is using for projec5t pronto (got to like the name)? What does this mean for PLNS
Hi Don, Don't know if PLNS is involved directly....I don't think so. But here is a link where you can gather some information about PRONTO. I'm still holding a core PLNS position, but I'm not expecting any real action until Q4 2000/ Q1 2001.
PLNS-fans Here is the info on the 2Q results conf call. I will note that they did not pre-announce during the disappointment week last week, so I am hopeful for a good report of results. Another trial announcement would be good too.
Pliant Systems Inc. (OTC Bulletin Board: PLNS) to Host Conference Call
Pliant Systems Inc.'s President & CEO, David E. Orr, and its CFO, John Autrey, will host a conference call to discuss company results for the second quarter ended June 30, 2000, subsequent to the release of the quarterly results after the close of the market. Call details are as follows:
PLNS-fans, Here is another press release from PLNS. I am getting a very positive feeling from these guys. They are clearly ramping up the PR machine. To me that means that they believe that they are going to have something to say as the year progesses. And if it sounds like the Wisconsin Telecomm association is small potatoes, in the world of independent telcos, it's not. Getting in at 6 seems like a great bet and one I have made.
Pliant Systems Declared WSTA Innovations 2000 Winner
RESEARCH TRIANGLE PARK, N.C., July 20 /PRNewswire/ -- Pliant Systems Inc. (OTC Bulletin Board: PLNS - news) announced today that the Wisconsin State Telecommunications Association named Pliant Systems the Innovations 2000 winner at the WSTA convention held in May. The company won the voting with its Pliant 3000(TM) Integrated Access Platform.
The Innovations 2000 award recognizes products that provide new and innovative services to telecommunications carriers. Companies that are introducing new products in 2000 are eligible for the award. This year's new products ranged from interface cards that provide new services to access systems such as the Pliant 3000. WSTA members from the more than 80 local telephone companies in Wisconsin participated in the voting.
``The selection by the WSTA is important because the member companies represent a large segment of the market the Pliant 3000 Integrated Access Platform was designed to serve,'' said Craig Swinn, Vice President of Sales and Marketing for Pliant Systems. ``The integrated ATM/TDM platform, with its distributed deployment options providing traditional telephone as well as emerging broadband services, ideally fits the diverse network topologies of the suburban/rural local exchange carrier market.''
Should get interesting this year for plns, by the way, shorti's pick avenue pickavenue.com just put a buy out on plns on friday i think , Im betting once we get earnings out of the way its going to get explosive again. I like the fiber angle, should get dug up soon by all the people that have missed the runs in some of the other new telecom infrastructure plays. sure hope so,, i remember the days when this one was a high-flyer years ago,, love to see it again
Press Release SOURCE: Pliant Systems Inc. Pliant Systems to File Voluntary Petition for Chapter 11 Bankruptcy Protection RESEARCH TRIANGLE PARK, N.C., April 30 /PRNewswire/ --
Pliant Systems Inc. (OTC Bulletin Board: PLNS - news) announced today that it intends to seek Chapter 11 protection in the U.S. Bankruptcy Court for the Eastern District of North Carolina in order to facilitate an orderly sale of substantially all of its business and assets to a third party. Although discussions continue with several possible buyers, no agreement has been reached with any buyer. The company expects that in the current environment the proceeds from any sale of assets will not be sufficient to repay the $115 million of convertible notes that will become due May 15, 2001.
In connection with the prospective filing, the company is also restructuring its current operations in order to reduce its monthly operating expenses. Although cost cuts will be made across all departments of the company, the company will preserve all operating functions and intends to continue to provide service to all of its customers without interruption until the sale is closed.
The company believes that Chapter 11 protection is critical to the company's ability to effect an orderly and timely sale of assets and continue to maintain current customer relationships. Inquiries into the sales process can be directed to William Q. Derrough or M. Kent Warner of Jefferies and Company Inc., the company's financial advisor, at 212-284-2550.
About Pliant Systems
Pliant Systems Inc. designs, manufactures and markets integrated multi- service access platforms for the telecommunications industry. The company provides incumbent local exchange carriers and competitive local exchange carriers with integrated access systems capable of delivering voice, data and video services over diverse network topologies. The company's primary product, the Pliant 3000 Integrated Access Platform, is designed to relieve the strain on digital loop carrier systems caused by the Internet explosion, utilizing a distributed architecture to deliver traditional telephony and emerging high-bandwidth services deep into the access network. The company's web site is www.pliantsystems.com.