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Article: BroadBand would like even a narrow margin. (BroadBand Technologies Inc.)
- Article from:
- Business North Carolina
- Article date:
- August 1, 1997
- Author:
CopyrightCOPYRIGHT 1997 Business North Carolina. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BroadBand Technologies Inc. (BBTK-NASDAQ) is stuck in the information superhighway's slow lane. Nine years ago, the Durham company became the first to unveil software and electronics that allowed telephone companies to deliver an array of services, including voice, data and video, without running fiber-optic cable into individual homes.'
But phone companies have been hesitant to embrace the technology. Several have stepped up to test BroadBand's system, but so far only Bell Atlantic has signed a commercial contract. As a result, the company keeps racking up losses, spending $30 million to $35 million a year on research and development.
Things got so bad that ...
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