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Technology Stocks : WAVX Anyone?

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To: Marty Lee who wrote (9580)	12/14/1999 1:01:00 PM
From: BuzzVA	Read Replies (3) of 11417

Anyone have a read on this announcement from Nortel... TORONTO, Dec 13, 1999 (The Canadian Press via COMTEX) -- Nortel Networks Corp. jumped into one of the hottest segments in electronic commerce Monday, striking an alliance with four companies that rent software over the Internet. The move to join with Hewlett-Packard Co. and three startup firms marks Nortel's entry into online software rental, a sector that is forecast to grow next year to $200 million in Canada, according to International Data Corp (Canada) Ltd. Nortel, based in Brampton, Ont., said it will bundle its network equipment with hardware from Hewlett-Packard Co. and software from HP and three startups. Starting in the first quarter of 2000, the five firms will then sell the packages to Internet service providers and other carriers looking to rent software online. The values of the agreements were not disclosed. Called application service providers (ASP), software rental firms relieve customers of the task of managing and upgrading computer programs by instead keeping them at a central site and renting or distributing them through private lines or the Internet. (Globe and Mail)

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