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REPORT: VENTURE PROMISES SPEEDIER INTERNET ACCESS

Internet graphic January 20, 1998 Web posted at: 9:21 a.m. EST (1421 GMT)

NEW YORK (AP) -- Lightning-quick Internet access is in the works under a reported new venture between three titans of the computer industry and most local telephone companies.

Executives at Intel, Compaq Computer and Microsoft said in The New York Times on Tuesday that they want to develop a new type of personal computer modem that would allow access to World Wide Web pages at speeds 30 times faster than the usual several seconds to minutes it now takes.

Perhaps more important, the product would plug into normal telephone lines, which would remain connected to the outside world. Consequently, users would not need to dial a service and could conduct normal voice conversations over the same line, the Times said.

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