CS- News; rumored buyout in 27-32 range. Closed at 17 7/8;
Thursday September 9, 3:59 pm Eastern Time
Company Press Release
Cabletron Pumps Up Internet Routers and Layer 3 Switches With Level One's Internet
Exchange Processor
Intel's Internet Exchange Architecture to Speed Design of New Applications and
Services in Cabletron's SmartSwitch Router Platforms
ROCHESTER, N.H.--(BUSINESS WIRE)--Sept. 9, 1999-- Cabletron Systems
(NYSE:CS - news) today announced that it will collaborate with Level One
Communications, an Intel company, to design and develop faster networking products
by combining the speed of Level One's new network processor chip with the Layer 4,
application-aware functionality of Cabletron's industry-leading SmartSwitch Router
(SSR) family.
Based on Intel's recently-announced Internet Exchange Architecture (see Intel Unveils
New Internet Communications Architecture, dated 9/1/99), the flexible, programmable
interface in Level One's IXP1200 network processor is used to speed the design of
Cabletron's SSR family, offering a wider array of applications and services to
Cabletron's customers. Level One's new network processor augments the routing
ASIC chips in Cabletron's SSR family, and provides the flexibility necessary to handle
the explosion in emerging web-based applications.
'We're pleased to be one of the first in the industry to work with Level One on an
endeavor that will have a huge impact on our customers,' said Cabletron chairman and
CEO, Piyush Patel. 'Together, Cabletron and Level One are building the
next-generation of intelligent, wire-speed solutions.'
The micro-engines in the IXP1200 provide the performance, scalability and flexibility
necessary to augment high-speed routing ASICs in the SmartSwitch Router with VPN
and enhanced QoS features, allowing Cabletron to bring to market a smarter generation
of Layer 3 switches and Internet routers.
'Cabletron continues to maintain industry leadership in the ASIC-based Layer 3 and
Layer 4 switch market,' said P.G. Menon, Cabletron's senior director of product
management. 'Our work with Intel, and now with Level One on its line of
programmable networking silicon, shows Cabletron's commitment to continue offering
best-of-breed technology to our customers.'
Cabletron's SSR was recently ranked number one in revenue and port shipments for
'Low-Blocking Layer 3 Switching' by GartnerGroup/Dataquest (see related press
release, dated 8/24/99). The SSR also captured market share leadership for total ports
shipped in the rapidly growing Modular Layer-3 Switched category, according to a
recent Dell'Oro Group report (see related press release, dated 8/19/99.)
About Cabletron Systems
Cabletron Systems, a premier provider of world-class networking solutions, delivers
reliable network access and communications to millions of people worldwide. With
scaleable products designed for Global 1000 enterprise networks, service providers
and small businesses, Cabletron is the e-business communications specialist in the
Internet economy. Listed on the New York Stock Exchange for more than a decade
under the symbol CS, Cabletron is an S&P 500 index company. |
