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NEWS FLASH
2000 - 27 (August 2000) ACQUISITIONS, MERGERS & AGREEMENTS BlueKite.com Closes $36M Financing BlueKite.com, an enabler of the wireless Web, announced that it has closed $36 million in its latest round of equity financing led by Texas Pacific Group, with additional funding coming from Credit Suisse First Boston, and Robertson Stephens’ Bayview 2000 Fund. BlueKite’s technology enables wireless Web services to provide end-users, using devices equipped with standard Web browsers, access to the Web at speeds of at least five times faster than existing services, equivalent to or better than 56K dial-up modem connections. The technology is designed to optimize the use of wireless network bandwidth by a factor of eight or more and supports all major wireless standards including GSM, GPRS, CDMA, CDPD, as well as next-generation UMTS networks. "BlueKite’s ability to enhance wireless data access to the Internet should make it more attractive to a broad business and consumer population," said Craig Jorgens of TPG. For more information: www.bluekite.com/Preleases/bkfunding.htm Mobileinfo Comments and Advisory: This is a major achievement, if, in fact, vendor claims are right. Users should note that not everybody will achieve the speed improvements that a vendor claims. There are limits of physics as to how much data you can push through a channel of certain bandwidth, how much optimization that you can achieve. If Bluekite can demonstrate its claims, we want to give it full credit. Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures. All trademarks used in this summary are the property of their respective owners. NEWS
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