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Technology Stocks : Nortel Networks (NT)

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To: t2 who wrote (5827)	5/17/2000 10:11:00 AM
From: Kenneth E. Phillipps	Read Replies (1) of 14638

Bell Nexxia to Build Gig-Ethernet WAN TORONTO -- Bell Nexxia, a leader in providing innovative communications solutions to businesses, today announced the delivery of Nortel Networks' optical Ethernet solution to INTRIA-HP for the Canadian Imperial Bank of Commerce's (CIBC) corporate IP network. This is the first global enterprise deployment of a commercial, carrier class Gigabit Ethernet solution based on interWAN technology. Initially, Bell Nexxia is deploying the optical Ethernet solution for INTRIA-HP and CIBC which has already been implemented in Toronto, with coast-to-coast deployment planned within a year. The implementation of the optical Ethernet solution will provide CIBC's network with the capability to support high-bandwidth applications with additional quality of service (QoS) functionality and a more cost-effective approach to deliver these applications. Some possible future services that this technology could deliver include: broadcast-quality video streaming and video conferencing to the desktop, real-time radio broadcasts to the desktop, and IP telephony. CIBC's ability to deploy enterprise-wide applications will be limitless with the increased capacity available through the network infrastructure. This breakthrough deployment of Nortel Networks' optical Ethernet solution is the result of an existing partnership between INTRIA-HP and Bell Nexxia to design and implement a single, cohesive corporate IP network for CIBC's Connected Enterprise program. The Connected Enterprise program supports CIBC's movement into the digital economy by providing a global mission-critical infrastructure in which information can be shared in a timely and reliable manner among employees, customers and suppliers. Bell Nexxia's delivery of this leading-edge optical Ethernet solution to INTRIA-HP is part of the $75 million, multi-year agreement announced in late 1999. Bell Nexxia recently announced that it selected Nortel Networks' optical Ethernet solution to enable large-scale gigabit networking that is simpler to manage and substantially more cost-effective, providing higher bandwidth at lower cost with the high-performance and reliability needed by a major financial institution. bellnexxia.com lightreading.com

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