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Home > Company Index > Telecommunications > Miscellaneous Services to Communication Providers > Network Access Solutions Corporation

Network Access Solutions Corporation
Nasdaq: NASC
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 NEWS FROM THE STANDARD
The $1.7 Billion Venture Fund That Could
Jul 24 2000 12:00 AM PDT

 PROFILE
Network Access Solutions (NAS) has connections in the East. Using digital subscriber line (DSL) technology, its CopperNet service provides high-speed connectivity over copper telephone lines leased from Verizon. The company operates asynchronous transfer mode-frame relay networks in several major East Coast cities connected by a fiber-optic backbone to form a virtual private WAN. An industry downturn has forced to company to modify its strategy. It has abandoned plans to expand its DSL services into the southwest and has had to lay off nearly a third of its work force. Spectrum Equity Investment owns 42%, and CEO Jonathan Aust owns 20% of the firm.

 COMPETITION
AT&T Corp. (T)
Covad Communications Group, Inc. (COVD)
Verizon Communications Inc. (VZ)

 TRACKERS
May 11, 2001 - LAYOFF TRACKER
150 laid off
Description: Focusing on "business-class broadband services market." Cutting costs to eliminate need for external funding.

More LAYOFF NEWS

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 30.60
1-Yr. Sales Growth: 75.9%
Employees: 456
Revenue per employee: $67,105.26

 KEY PEOPLE
• Jonathan P. Aust
    CEO
• Mark E. Scott
    CFO

 CONTACT INFO
13650 Dulles Technology Dr.
Herndon, VA 20171
US
Phone: 703-793-5000
Fax: 703-793-5010
Online: Web Site

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