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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: MikeM54321 who wrote (5805)	11/2/1999 2:51:00 PM
From: elmatador	Read Replies (1) of 12823

A bit of history on GEC Marconi. Perhaps helpful to you. GEC plc jointly with Siemens created (1988) GPT which was GEC and Plessey. Siemens -which had 40% of the venture- wanted the 60% of GPT but Lord Weinstock didn't want to sell. Siemens went to the UK to sell EWSD switches. but GPT, which made the switches for BT -the System X, which is mainly sold in the UK alone- was not interested in selling EWSD switches. Siemens pulled out (after getting SDH technlogy) and left GPT alone which is now part of Marconi. I suspect Marconi was formed also to sell stuff to wrap around those System X exchanges installed base. Also there are a lot of companies that don not make transport equipment -Ericsson for instance- and they re-sell Marconi's. Marconi is becoming a specialist in trasport system now with the Nokia Symphonet under its belt. Further, watch out if BT will not give that installed base of System X switches to Marconi to take care of them in some sort of deal.

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