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Speed!  V.34 is a *standard*, ITU-T protocol that specifies a transmission
speed of up to 28.8 kbps.  The previous standard speed was V.32bis,
transmitting at 14.4 kbps.

Lawrence Kirby (fred@genesis.demon.co.uk) writes:
In theory, V.34 could support 14.4 kpbs on lines that V.32bis could not and
where V.32bis would have to drop down to lower speeds.  In practice this is
a quality of implementation issue which may not be present in current products.