By integrating the functionality and applications of a personal computer with videoconferencing hardware early on, the Company was one of the first players in the industry to provide a videoconference solution that included virtually any PC application available as well as simultaneous access to the Internet. The Company has manufactured and installed more than 30,000 videoconferencing endpoints. In August 2000, VTEL announced its plans to embark on a new business charter that leverages its service and system integration capabilities in the development of videoconferencing endpoints. The Company will continue to market its ESA product line, and to market and develop its flagship videoconferencing product, Galaxy, as the Company expands its development focus toward software, specifically network management software, building on its current SmartVideoNet Manager platform. Expanded Business Description Financial Summary VTEL Corp. designs, manufactures, markets, services, and supports integrated, multi-media visual communication systems which operate over private and switched digital communication networks.
Revenues reflect lower unit shipments.
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