Immi,
Reposting the full Bloomberg article. Thank you!!!!
The article posted after-market, but after-market
trading so far is weak:
Technology News
Mon, 9 Feb 1998, 4:09pm EST
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BN 2/9 Ascend Expected to Unveil AT&T Contract for High-Speed Switches
Ascend Expected to Unveil AT&T Contract for High-Speed Switches
Alameda, California, Feb. 9 (Bloomberg) -- Ascend
Communications Inc. is expected to disclose this week that it
signed a contract to supply AT&T with high-speed switches for its
telecommunications network.
The contract calls for Ascend to supply AT&T with multi-
service switches, which can route voice and data traffic on a
computer network using multiple communication technologies,
analysts said. They said the contract could be worth up to $30
million. Ascend had sales of $292.5 million in the latest
quarter.
Ascend and rivals Cisco Systems Inc. and 3Com Corp. view the
so-called carrier market, which includes phone companies and
Internet service providers, as a high-growth sales area in 1998.
Ascend's contract is significant because it beat its competitors
and could lead to more sales to AT&T, the largest U.S.
telecommunications provider.
''Any win at AT&T is a big one, especially against Cisco and
3Com,'' said James Wade, an analyst at BT Alex. Brown who has a
''market perform'' rating on Ascend's stock.
AT&T confirmed that it uses Ascend's switches in its network
but declined to comment on any recent contracts. Officials at
Alameda, California-based Ascend declined to comment.
Ascend shares fell 3/8 to 32 7/8 in late trading.
--John Shinal in the San Francisco newsroom (415) 912-2995/jac/pkc |
