SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : General DataComm (GDC) anyone following?
GDC 4.170-5.9%Nov 3 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TideGlider who wrote (163)9/19/1997 11:42:00 AM
From: jas cooper   of 266
 
GDC - Lucent Relationship Clarification

MIDDLEBURY, Conn.--In response to the many inquiries that General DataComm (GDC) has received, the company wishes to issue a statement clarifying the relationship between GDC and Lucent Technologies following the announcement made by Lucent on September 17, 1997 regarding an Enhanced Portfolio of Data Networking Products which included Asynchronous Transfer Mode (ATM) products.

GDC has a multiyear, global Value Added Reseller agreement with Lucent Technologies under which Lucent purchases ATM products from GDC to complement Lucent's portfolio of products targeted to the carrier market. GDC and Lucent achieved substantial business success in this market sector, particularly in Europe (e.g., Dutch PTT, Telia, the Swedish PTT, Telefonica de Espana, and others) and now are expanding globally.

The recent announcements by Lucent place an emphasis on Lucent's enterprise market sector, in contrast to GDC's activity, which is with the Lucent organizations that are centered on the carrier market.

The company stated that its understanding with Lucent is that they intend to continue working with GDC on joint product offerings. At present, there are a number of significant, long term projects that GDC and Lucent are pursuing.

GDC supports a number of strategic partnerships including its relationship with Lucent, in order to address the full spectrum of market opportunities. GDC recognizes that its partners must provide an array of products and technologies to the market place and will position itself to complement their activities as appropriate.

GDC is the acknowledged global leader in providing real business solutions for telecommunications and enterprise networks based on ATM and access products and services. Its comprehensive product line includes the GDC APEX(r) family of multiservice ATM switches, used in more live networks than any other wide area ATM switch; COLOSSAS(tm), an innovative Advanced Network Access product family that incorporates xDSL technology for Internet and intranet access; and TDM and LAN internetworking products. Based in Middlebury, Connecticut, GDC provides communications solutions worldwide and its Web site can be found at gdc.com

CONTACT: General DataComm
Robert S. Smith, 203/574-1118
gdc.com

"Copyright(c) 1997, Business Wire"
"Provided by Dow Jones & Company, Inc."
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext