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Transcript of 2000 Annual Report (Figures) Eng
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Amount in SEK thousands NOTE 2000 1999
Ongoing operations
Operating earnings -218,134 -114,469Depreciation 747 620
Other items not affecting liquidity 1,242 -10
Interest received 5 8,136 1,897Interest paid 6 -8 -33
Cash flow from ongoing operations -208,017 -111,995before change in working capital
Change in working capitalDecrease/increase in inventories 8,452 -19,155
Increase in receivables -8,469 -5,895
Increase in current liabilities 6,173 16,022
Cash flow from ongoing operations -201,861 -121,023
INVESTMENT ACTIVITYAcquisitions of tangible fixed assets -911 -969
Cash flow from investment activity -911 -969
FINANCING ACTIVITYWarrants programs/new issues 253,750 218,606
Cash flow from financing activity 253,750 218,606
Increase in liquid funds 15 50,978 96,614
Liquid funds, opening balance 15 125,026 28,412
Liquid funds, closing balance 176,004 125,026
ConsolidatedCash Flow Statement
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Amount in SEK thousands NOTE 31 Dec 2000 31 Dec 1999
ASSETSTangible fixed assets 7 2,011 1,846
Total tangible fixed assets 2,011 1,846
Financial fixed assetsShares in group companies 500 0
Total financial assets 8 500 0
Work in progress 7,502 15,893
Finished goods 3,201 3,262
Customer receivables 4,024 732
Receivables, subsidiaries 20,697 5,659
Other receivables 10,503 5,570
Prepaid expenses and accrued income 9 3,616 3,277
Cash and bank balances 172,654 124,619
Total current assets 222,197 159,012Total assets 224,708 160,858
LIABILITIES AND SHAREHOLDERS' EQUITYShareholders' equity 10Restricted equity
Share capital 11 1,572 1,402
Share premium reserve 396,859 334,515
Accumulated deficit
Brought forward deficit 0 -82,589Net earnings -202,766 -115,464
Total shareholders' equity 195,665 137,864
Current liabilitiesAccounts payable 17,791 15,971
Other liabilities 2,829 1,816
Accrued expenses 12 8,423 5,207
Total liabilities 29,043 22,994Total liabilities and shareholders' equity 224,708 160,858
Pledged assets None NoneContingent liabilities None None
Parent company
Balance Sheet
Parent companyIncome Statement
1 Jan 2000- 1 Jan 1999-Amount in SEK thousands NOTE 31 Dec 2000 31 Dec 1999
Net sales 1 9,182 2,867
Cost of goods sold -6,126 -2,531Gross earnings 3,056 336Marketing expenses 2,4 -39,951 -18,610
Administration expenses 2,4,14 -46,281 -24,502
Development expenses 2,3,4 -128,932 -74,700
Operating earnings -212,108 -117,476Other interest income and similar items 5 9,350 2,045
Interest expenses 6 -8 -33
Earnings before tax -202,766 -115,464Tax - -
Net earnings -202,766 -115,464
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Amount in SEK thousands NOTE 2000 1999
Ongoing operations
Operating earnings -212,108 -117,476Depreciation 747 620
Other items not affecting liquidity 1,242 166
Interest received 5 8,108 1,879
Interest paid 6 -8 -33
Cash flow from ongoing operations -202,019 -114,844before change in working capital
Change in working capitalDecrease/increase in inventories 8,452 -19,155
Increase in receivables -23,602 -11,460
Increase in current liabilities 6,048 15,894
Cash flow from ongoing operations -211,121 -129,565
Investment activityAcquisitions of financial fixed assets -500 0
Acquisitions of tangible fixed assets -911 -969
Cash flow from investment activity -1,411 -969
Financing activityWarrants programs/new issues 260,567 226,741
Cash flow from financing activity 260,567 226,741
Increase in liquid funds 15 48,035 96,207
Liquid funds, opening balance 15 124,619 28,412
Liquid funds, closing balance 172,654 124,619
Parent companyCash Flow Statement
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GENERAL ACCOUNTING PRINCIPLES
The accounting principles applied comply with the AnnualAccounts Act and are consistent with the recommendationsand statements of the Swedish Accounting Standards Board,the Swedish Financial Accounting Standards Council andthe Swedish Institute of Authorized Public Accountants.
THE CONSOLIDATED ACCOUNTS
The consolidated accounts include two wholly-owned sub-sidiaries of the parent company. The consolidated accountshave been prepared using the acquisition accounting methodand in accordance with recommendation no. 1 of theSwedish Financial Accounting Standards Council.
Net Insight AB applies the current method for consolida-
tion of the subsidiaries financial accounts. This implies thatthe subsidiaries assets and liabilities are translated at theexchange rate prevailing on the balance sheet date. Allincome statement items have been translated at the averageexchange rate for the year. Translation differences arecharged directly to the consolidated shareholders equity.
VALUATION PRINCIPLES, ETC.
Assets, provisions and liabilities have been valued at acquisi-tion value unless otherwise indicated below.
DEVELOPMENT EXPENSES
Expenses related to development initiatives are posted asthey occur.
RECEIVABLES
Receivables have been included at the amount at which theyare expected to be received on the basis of a case-by-caseassessment.
FOREIGN CURRENCY RECEIVABLES AND LIABILITIES
Foreign currency receivables and liabilities have been trans-lated at the exchange rate prevailing on the balance sheetdate.
INVENTORIESInventories have been valued at the lower of acquisitionvalue and market value as at the balance sheet date.
DEPRECIATION PRINCIPLES FOR FIXED ASSETS
Depreciation according to plan is based on original acquisi-tion values and estimated financial life-span. Write-downs areeffected where a decline in value is assessed to be permanent.
THE FOLLOWING DEPRECIATION PERIODS HAVE BEEN
APPLIED:Tangible fixed assets
Equipment, tools and installations 5 years
NOTES
(all amounts are in SEK thousands unless stated otherwise)
NOTE 1
NET SALES
Net Insights revenue largely comprises fixed-fee projectscharged directly to expenses and relates exclusively to theparent company for the year in question. The projects arecharged to expenses in conjunction with customers accept-
ance of delivery. When charging the projects to expenses,expected outstanding revenue is also take into account andprovisions are made for estimated outstanding expenses.
NOTE 2
HUMAN RESOURCES AND PERSONNEL EXPENSES
Average no. of employees of which men
Sweden 100 persons (63) 77% (86%)
USA 3 persons (2) 100% (100%)
The number of employees has increased steadily during theyear, amounting at year-end to 122 (76) in the parent com-pany and 2 (5) in the subsidiary.
Salary, remuneration and social security expenses
in respect of the Board, CEO and other employees
2000 1999
Salary Social Salary and Social
and security remune- security
Group remuneration expenses ration expenses
Board, CEO 2,180 1,334 2,021 1,033
(of which pension exp.) 617 - 364
Other employees 51,263 20,539 29,761 11,590
(of which pension exp.) - 5,320 - 2,217
Total 53,443 21,873 31,782 12,623
(of which pension exp.) - 5,937 - 2,581
Parent companyBoard, CEO 2,180 1,334 2,021 1,033
(of which pension exp.) 617 - 364
Other employees 46,107 20,380 27,720 11,434
(of which pension exp.) 5,004 - 2,217
Total 48,287 21,714 29,741 12,467
(of which pension exp.) 5,621 - 2,581
By market
Parent company 48,287 21,714 29,741 12,434
(of which pension exp.) 5,621 - 2,581
Subsidiary abroad 5,156 316 2,041 156
(of which pension exp.) - - -
Accounting principlesand notes
to the accounts
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Bengt Olsson has a guaranteed period of employment of
15 months, the last six months of which are conditional inthe event of new employment. The companys pensioncommitment towards CEO Bengt Olsson comprises the
ITP plan (supplementary pensions for salaried employees)
plus two basic amounts yearly. An additional amount of
SEK 200,000 was reserved for old age pensions.
Board member Lars Gauffin, one of the companysfounders, received SEK 705,000 (659,000) in salary from
the company. The remuneration payable to the board
amounts to a total of SEK 600,000.
NOTE 3
DEVELOPMENT EXPENSES
Development expenses primarily comprise expenses related to
product development, computer purchases, patent applica-
tions, licenses and salary expenses for personnel involved in
development work.
NOTE 4
DEPRECIATION OF TANGIBLE FIXED ASSETS
Dotterbolaget saknar materiella anlggningstillgngar
Parent company 31 Dec 2000 31 Dec 1999
Equipment, tools
and installations 747 620
747 620
NOTE 5
INTEREST INCOME AND SIMILAR ITEMS
Group Parent company
2000 1999 2000 1999
Interest income 8,136 1,898 8,108 1,879
Exchange rate differences 1,242 166 1,242 166
9,378 2,064 9,350 2,045
NOTE 6
INTEREST EXPENSE AND SIMILAR ITEMS
Group Parent company
2000 1999 2000 1999
Interest expenses -8 -33 -8 -33
NOTE 7
EQUIPMENT, TOOLS AND INSTALLATIONSThe subsidiary does not have any equipment.
Parent company and Group 31 Dec 2000 31 Dec 1999
Accumulated acquisition value
Opening balance 3,100 2,131
Purchases 911 969
Total 4,011 3,100
Accumulated depreciation according to plan
Opening balance -1,254 -634
Values for the year - 747 -620
Total -2,000 -1,254
Residual value according to plan
at year-end 2,011 1,846
NOTE 8
SHARES IN GROUP COMPANIES
Proportion Proportion Number Book
of capital of votes of shares value
Net Insight Inc. 100% 100% 1,000 0.08
Registered office:
Delaware, USA
Net Insight Consulting AB 100% 100% 5,000 500
Corporate ID number: 556583-7365
Registered office: Stockholm, Sweden
NOTE 9
PREPAID EXPENSES AND ACCRUED INCOME
Prepaid expenses and accrued income include the following
major items:
Group Parent company
001231 991231 001231 991231
Premises rental for first
quarter 2001(2000) 1,177 861 1,177 861
Prepaid consultancy
expenses - 360 - 360
Prepaid license/service
charges 468 952 468 952
Prepaid insurance expenses 831 394 831 394
Accrued interest income 358 - 358 -
Other items 782 804 782 710
Total 3,616 3,371 3,616 3,277
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NOTE 11
SHARE CAPITAL
The share capital is distributed over 39,289,300 shares with
a nominal value of SEK 0.04 per share. An A-series share
entitles the owner to ten (10) votes and a B-series share to
one (1) vote. The structure is as follows:
No. of shares Options
Unrestricted A-series shares 3,600,000
Unrestricted B-series shares 35,689,300
Subscription options 2000/2007 435,000Subscription options III (9/3/99) 300,000
Total 39,289,300 735,000
NOTE 12
ACCRUED EXPENSES
Accrued expenses include the following major items:
Group Parent company
001231 991231 001231 991231
Holiday pay liability 2,525 1,630 2,525 1,630
Social security expenses 1,460 880 1,460 880
Accrued bonuses 3,032 637 3,032 637
Accrued consultancy
expenses 1,135 1,535 1,135 1,535
Other items 524 653 271 525Total 8,676 5,335 8,423 5,207
NOTE 13
RENTAL EXPENSES
Future rental expenses amount to SEK 8,039,000 for 20012002. Current rental expenses run until 30 September 2002.
NOTE 14
FEES AND REMUNERATION
Remuneration of SEK 90,000 has been paid to accountants
hrlings PricewaterhouseCoopers AB for auditing servicesand SEK 86,000 for other services.
NOTE 15
CASH FLOW STATEMENT
The opening and closing balances of liquid funds relate to
cash and bank balances for both years. Of the total liquid
funds in the group for 2000, SEK 3,350,000 are related to
liquid funds in the subsidiary.
NOTE 10
SHAREHOLDERS EQUITY
Share Restricted Non-restricted Net Total share-
GROUP capital reserves reserves earnings holders equity
Opening balance 1,402 326,203 -82,589 -112,438 132,578
Reallocation of net earnings -198,053 85,615 112,438
New issues 113 224,122 224,235Warrants programs 57 30,510 30,567
Translation difference for year -1,051 -1,051
Net earnings for year -208,764 -208 764
Closing balance 1,572 381,731 3,026 -208,764 177,565
Share Share premium Accumulated Net Total share-
PARENT COMPANY capital reserve deficit earnings holders equity
Opening balance 1,402 334,515 82,589 -115,464 137,864
Reallocation of net earnings -198,053 82,589 115,464 -
New share issues 113 229,887 230,000
Warrants programs 57 30,510 30,567
Net earnings for year -202,766 -202,766
Closing balance 1,572 396,859 - -202,766 195,665
Share issue expenses for the year have been charged to the income statement, while those for the group have been chargeddirectly to restricted reserves.
Stockholm, 2 February 2001
Lars Berg Bengt Olssonchairman chief execut ive off icer
Bernt Magnusson Lars Gauf fin Hkan Kihlberg Bo Dimert Lage Jonason
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To the Annual General Meeting ofNet Insight AB (publ)
Corporate ID number 56533-4397
We have audited the annual accounts, the consolidated accounts, the accounting records
and the administration of the board of directors and the chief executive officer of Net
Insight AB (publ) for the financial year 2000. These accounts and the administration of
the company are the responsibility of the board of directors and the chief executive officer.
Our responsibility is to express an opinion of the annual accounts, the consolidated
accounts, the accounting records and the administration on the basis of our audit.
We conducted our audit in accordance with generally accepted auditing standards in
Sweden. These standards require that we plan and perform the audit to obtain reasonableassurance that the annual accounts and the consolidated accounts are free of material mis-
statement. An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the accounts. An audit also includes an assessment of the accounting
principles used and their application by the board of directors and the chief executive offi-
cer, as well as an evaluation of the overall presentation of the information in the annual
accounts and the consolidated accounts. We examined significant decisions, actions taken
and circumstances of the company in order to be able to determine the liability, if any, to
the company of any board member or the chief executive officer and whether they have in
any other way acted in contravention of the Companies Act, the Annual Accounts Act or
the Articles of Association. We believe that our audit provides a reasonable basis for our
opinions set out below.The annual accounts and the consolidated accounts have been prepared in accordance
with the Annual Accounts Act, and, consequently, give a true and fair view of the financial
position of the company and the group in accordance with generally accepted auditing
standards in Sweden.
We recommend that the income statements and the balance sheets of the parent com-
pany and the group be adopted by the AGM, that the deficit incurred by the parent com-
pany be dealt with in accordance with the proposal in the administration report, and that
the members of the board and the chief executive officer be discharged from liability for
the financial year.
Stockholm, 5 February 2001
Marcus Johansson Bertil Johansonauthorized public accountant authorized public accountant
Reportofthe auditors
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Net Insight Managementand Senior Executives
Management group
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BENGT OLSSON - ChiefExecutive Officer
Born in 1943. Bengt Olsson was
previously a senior executivewith IBM, Gadelius, Kebo,
Digital and Dow Jones.
Shareholding in Net Insight: 98 330
B-shares and 10 000 staff options.
MITUL SAWJANI - VP Supply
& Strategic AlliancesBorn in 1971. Mitul Sawjani
has worked on issues related to
Purchasing/Logistics at theEricsson group since 1997. His
latest position was Purchasing
Manager with Ericsson Inc. in
Lynchburg, USA
Shareholding in Net Insight:40 000 staff options.
LARS GAUFFIN - SeniorAdvisor (founder)
Born in 1943. Lars Gauffin has
professional experience fromEricsson, Telia and KTH (The
Royal Institute of Technology,
Stockholm), within telecom,datacom and distributed sys-tems. He headed up the DTM
project at KTH.
Shareholding in Net Insight:
1 200 000 A-shares and
1 522 150 B-aktier.
PER LINDGREN - VP Business
Development (founder)Born in 1967. PhD in
Teleinformatics from KTH (The
Royal Institute of Technology,Stockholm), 1996. Per Lindgren
was previously AssistantProfessor at KTH, where he
worked on refinement of theDTM technology.
Shareholding in Net Insight:
1 200 000 A-shares, 877 940 B-
shares and 10 000 staff options.
MAGNUS STLBRANDT
- VP SalesBorn in 1961. Magnus
Stlbrandt was formerly CEOand Nordic VP of Xylan Nordic
1997-1999, and M anagerProduct Marketing at IBM
Nordic 1994-1997.
Shareholding in Net Insight: 10 000staff options and 20 000 subscrip-tion options*.
JOHN KOSTAK - VP GlobalMarketing
Born in 1961. Most recent post:
VP Sales and Marketing forDynarc AB, 1998-2000. Has
previously established andworked for the companies called
Quallaby and St Clair Systems,and held several leading posi-
tions at Nortel Networks, Net
Manage, Fujikura, and othercompanies.
Shareholding in Net Insight: 50 000staff options.
CHRISTER BOHM - ChiefTechnical Officer (founder)
Born in 1966. PhD in Tele-
informatics from KTH (The
Royal Institute of Technology,Stockholm). Christer Bohm was
previously Assistant Professor at
KTH, where he participated inthe DTM project. He has also
been involved in several other
distributed multimedia and high-speed communication projects.
Shareholding in Net Insight:1 200000 A-shares, 1 151655 B-shares and 10 000 staff options.
CAROLEN YTANDER - VP
Corporate CommunicationsBorn in 1964. Carolen Ytander
was Information Manager with
Telia InfoMedia TeleVision1997-1999 and also held a simi-lar post with Sparbanken Sverige
1995-1997.
Shareholding in Net Insight:40 000 staff options.
LARS BORGWING - President
and COO, Net Insight Inc.Born in 1953. Lars Borgwing
has over 20 yearsexperience
from leading positions in theAmerican market. Has estab-lished and worked as a CEO
and consultant for several distin-
guished companies likeGoldman Sachs, GE Capital,
Chase, Svenska Handelsbanken
and Merita NordBanken.
Shareholding in Net Insight: 50 000staff options.
CARL-JOHAN BLOMBERG
- Chief Financial OfficerBorn in 1952. Carl-Johan
Blomberg served most recently
as Senior VP and CFO atHotellus International AB. He
previously held senior financial
positions at Pharmacia,
Procordia and Alfa Laval.
Shareholding in Net Insight: 3 000 B-aktier and 50000 staff options.
HELN LINDQVIST
- VP Finance
Born in 1958. Heln Lindqvistserved as an auditor with ArthurAndersson & Co from 1986 to
1994. She became an authorizedpublic accountant in 1989.
From 1994 to 1998, she was thefinancial manager with a
Swedish subsidiary of a multi-
national group.
Shareholding in Net Insight: 800 B-shares, 10 000 staff options and20 000 subscription options*.
ANDERS PERSSON - VPProduct DevelopmentBorn in 1957. Anders Perssonhas many years of experiencewith the Ericsson group, wherehis latest position was General
Manager for Network Design atERA, Ericsson Services. Prior tothat he was Project Manager atERA, Customer Services, andVP with EUR, Ericsson FiberAccess.
Shareholding in Net Insight: 4 000B-shares and 50000 staff options.
BIRGITTA HEDBLOM - VP
Human ResourcesBorn in 1950. Birgitta Hedblom
previously held a number of
senior Human Resources posi-tions at Hewlett Packard.
Previously, Birgitta has acted asa self-employed human
resources development consult-ant with a number of major cor-
porate clients.
Shareholding in Net Insight: 500B-shares and 40 000 staff options.
* Every option entitles theholder to 5.45 shares
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Net Insight Managementand Senior Executives
The Board
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BENGT OLSSON - CEO and
board memberBorn in 1943. Previously a
senior executive with IBM ,
Gadelius, Kebo, Digital and
Dow Jones.
Shareholding in Net Insight: 98 330B-shares and 10 000 staff options.
HKAN KIHLBERG
- Board memberBorn in 1939. CEO Pressens
Bild, Bonnier. Chairman of the
board of Ad Libris AB; member
of the boards of BonnierAffrsinformation AB, PressensBild and International
Electronic Publishing ResearchCenter (IEPRC).
Shareholding in Net Insight: 4 430B-shares
LARS BERG
- Chairman of the BoardBorn in 1947. Independent
investor and consultant.
Member of the boards ofTelefonica Mobiles, Eniro,
Ratos, C.Technologies,Ledstiernan and Genesis-IT and
several other companies in thetelecom industry.
Shareholding in Net Insight: 30 000B-shares
BO DIMERT - Board member
Born in 1943. Most recentlyCEO of Ericssons activity in theUSA. Chairman of the board of
ipUnplugged, member of theboards of Sverige-Amerika-
stiftelsen and Razorfish Inc.,USA.
Shareholding in Net Insight: 26 000B-shares
LAGE JONASON
- Board memberBorn in 1951. CEO Nordiska
Holding AB and Nordiska
Fondkommission AB. Memberof the board of City Mail AB.
Shareholding in Net Insight:300 000 B-shares
CHRISTER BOHM - Deputyboard member, Chief TechnicalOfficer and founderBorn in 1966. PhD in Tele-informatics from KTH (TheRoyal Institute of Technology,Stockholm). Was previouslyAssistant Professor at KTH,where he participated in theDTM project. He has also beeninvolved in several other distri-buted multimedia and high-speed communication projects.
Shareholding in Net Insight:1 200000 A-shares, 1 151655 B-shares and 10 000 staff options.
BERNT MAGNUSSON
- Deputy Chairman of the BoardBorn in 1941. Chairman of the
boards of Swedish Match AB,
AssiDomn AB and Dyno NobelASA; member of the boards of
AvestaPolarit, Hgans AB,Emtunga International AB,
Sveriges Industrifrbund, VolvoPersonvagnar, Nordea AB,
ArosMaizels Corporate Finance
and FrvaltningsaktiebolagetStattum.
Shareholding in Net Insight:374 980 B-shares
LARS GAUFFIN
- Board member and founder
Born in 1943. Senior Advisor.
Professional experience fromEricsson, Telia and KTH, with-
in telecom, datacom and distrib-
uted systems. He headed up the
DTM project at KTH.
Shareholding in Net Insight:1 200000 A-shares and 1 522150B-shares.
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36
AGMThe Annual General Meeting will be held on Wednesday
28 March 2001 at 15:00 at Norra Latin in Stockholm,
Sweden. In order to participate in the AGM, shareholders
must have been entered on the stock ledger kept by the
Swedish Central Securities Depository, VPC AB by nolater than on 16 March 2001, and must have notified the
company of their intention to attend no later than 16:00
on 22 March 2001. Notification of intention to attend the
AGM can be made by letter to: Net Insight AB, Box 42093,
SE-126 50 Stockholm, Sweden; by telephone to:
+46 8 685 04 00; by fax to: +46 8 685 04 20; or by
e-mail to: [email protected].
DIVIDENDThe Board proposes that the AGM resolve that no divi-
dend be paid for the year.
FINANCIAL INFORMATION IN 2001Annual General Meeting 28 March 2001
Interim report January March 2 May 2001Interim report January June 20 August 2001Interim report January September 20 October 2001
Production: Hallvarsson & Halvarsson and Ahonk.
Photo: Stellan Herner. Flowers, graphic design: Leif bjrnsson.
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Dictionary
ACCESS NETWORK That part of the public network closestto end users.
ADSL Asymmetrical Digital Subscriber Line. Technology forincreasing transmission capacity in copper wires up to 8 Mbps.
ASIC Application Specific Integrated Circuit. A customizedintegrated circuit.
ATM Asynchronous Transfer Mode. Standardized and packet-switched technology for data traffic.
BACKBONE NETWORK High-capacity network linkingtogether geographically remote areas or a number of smallernetworks within an area. Also known as transport network.
BANDWIDTH Popular expression for transmission capacity ina network. Measured in bits per second, bps.
BROADBAND NETWORK Network with extremely high capac-ity, at least 2 Mbps.
BROADCAST Transmission from a single sender to a largenumber of recipients.
CIRCUIT-SWITCHING Way of ensuring that data is transmittedin an even stream by making a connection all the way fromsender to recipient. When the transmission has been com-pleted the connection is broken.
CITY NETWORK A high-capacity network linking together anurban area. Often termed as a Metro Area Network (MAN).
DTM Dynamic synchronous Transfer Mode. A dynamic cir-cuit-switched technology developed by Net Insight, in whichit is fully possible to transmit data, telephony and movingpictures across the one and the same network.
DWDM Dense Wavelength Division Multiplexing. Technologyfor improving transmission speeds in fiber networks by concur-rently transmitting several light waves of different wavelengths.
ETHERNET The most common communication technologyfor local networks. Can cope with transmission speeds of10 Mbps.
ETSI European Telecommunications Standards Institute.European standardization commission.
GIGABIT ETHERNET Development of the Ethernet primarilyused in major LAN backbone networks. Can cope withtransmission speeds of 1000 Mbps.
IP Internet Protocol. Protocol used for data transmissionwithin the Internet. All traffic in the Internet is transmittedin IP packets.
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ISP Internet Service Provider. Supplier of Internet services.
LAN Local Area Network. Smaller local networks within adepartment, building or block.
MSPP Multi Service Provisioning Platform. A platform thatcan cope with several different services in the form of data,telephony and moving pictures.
MULTICAST Transmission from a single sender to a numberof pre-defined recipients.
NODE Point in a network, where a sender/recipient or one ormore other networks can be connected.
OEM Original Equipment Manufacturer. Manufacturer ofequipment under its own name. The equipment may con-tain components from other manufacturers.
PACKET-SWITCHING Data is split into a number of smallerpackets that are sent through the network independently ofeach other. Once all the packets have reached the recipient,the original data unit is reconstituted.
PROTOCOL An agreed set of rules as to how the various itemsof network equipment should communicate with each other.
REAL TIME Immediate transmission of material withoutany delay.
ROUTER Used to route information between various networks
SDH/SONET Circuit-switched technology for communica-tion within backbone networks. SDH is the European stan-dard and SONET the US standard.
STREAMING STREAMED MEDIA Playback of sound and/ormoving pictures as it is downloaded.
STUDIO QUALITY Uncompressed raw material in the form ofsound and pictures from studio cameras and suchlike. Needsa transmission capacity of 270 Mbps.
SWITCH Used to direct information between different net-work users.
TCP Transmission Control Protocol. Protocol that, in con-junction with IP, forms the basis for communication via theInternet.
TDM Time Division Multiplexing. Technology for creatingmore channels in fiber cables, thereby increasing their capacity.
WAN Wide Area Network. Public network spanning largeareas, such as a city or a country, often with different typesof network connected to it.
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NET INSIGHT AB
Box 42093, SE-126 14 Stockholm, Sweden Visiting address: Vstberga All 9
P: +46-8-685 04 00, F: +46-8-685 04 20 [email protected]
NET INSIGHT, INC.
1050 Winter Street, Suite 1000, Waltham, MA 02451, USA
P: +1-781-890-0600, F: +1-781-890-0601 [email protected]
www.netinsight.net