GigaBeam and Stealth Communications Expand VoIP and IP Services in the New York City Area. Excerpt:
HERNDON, Va., Jan. 13 /PRNewswire-FirstCall/ -- GigaBeam Corporation (BULLETIN BOARD: GGBM) , announces an agreement with Stealth Communications(R) for installation of its ultra high speed WiFiber(SM),(TM) wireless fiber solution. GigaBeam's WiFiber provides communications access with the capacity of fiber but with significantly less latency than fiber to enhance Stealth's unique communications services offerings. Stealth is New York City's largest Internet gateway and offers Internet & Ethernet access, VoIP, and data services to service providers, financial institutions, enterprises and government agencies.
GigaBeam anticipates installation of the first WiFiber GigE link for Stealth in the current quarter, providing high speed connectivity of one Gigabit-per-second across the Hudson River between a Stealth customer's data center in Jersey City, NJ and Stealth's Manhattan access point at 60 Hudson St., New York, NY. One Gigabit-per-second is the equivalent of 647 T1 lines or 1,000 DSL connections.
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Rumor has it that the next layoffs at Cantata Technology, coming soon, will be 33% to 50% of the workforce. That's on top of the 20% reduction they took in November.