Nortel Networks Advances Lead in Optical Internet Market in New Dell'Oro Report;
Claims No. 1 Market Share Across the Board In Long Haul DWDM, Metro DWDM
and SONET/SDH
BOSTON, MA, Nov. 20 /CNW/ - Nortel Networks (NYSE/TSE: NT) today
announced that it has expanded its Optical Internet leadership position in the
recent Dell'Oro third quarter 2000 report with 43.2 percent of the overall
optical transport market, almost 12 percent more than the same period last
year (31.4 percent).
In addition, Nortel Networks claimed No. 1 market share across the board
in long haul dense-wavelength division multiplexing (DWDM), metropolitan DWDM
and SONET/SDH systems.
"Nortel Networks continues to drive the Optical Internet revolution,"
said Greg Mumford, President, Optical Networks, Nortel Networks. "Our
continued strong momentum in driving the high-performance Optical Internet is
built on our leadership in speed, performance, reliability and network
economics. Going forward, we are adding new managed optical services and
increased levels of intelligence and flexibility as we accelerate the
evolution towards the all-optical network."
The Dell'Oro report confirms that Nortel Networks continues to beat
industry performance and increase market momentum. According to the report,
industry revenues in the third quarter were up 36 percent over the same
quarter in 1999. Nortel Networks growth over the same period last year was
nearly 90 percent -- more than double the industry average.
"Our first-mover advantage in Terabit optical networking and economically
deployable metropolitan DWDM solutions was critical to our success," said
Mumford. "But we are not resting on our laurels. We will continue to show
technology leadership and innovation with the next generation of Optical
Internet solutions, including our all-optical switch and our 40/80 Gbps
transport system."
At Telecom '99, Nortel Networks showed a scalable 40/80 Gbps system
capable of increasing capacity as high as 6.4 terabits per second - a system
tested by Qwest in June 2000.
In July, Nortel Networks announced a US$1.9 billion investment in optical
manufacturing capabilities to more than double its global optical systems and
components production capacity over the subsequent 18 months. This follows
previously announced investments in optical production capacity totaling
US$660 million.
Nortel Networks is a global Internet and communications leader with
capabilities spanning Optical, Wireless, Local Internet and eBusiness. The
Company had 1999 U.S. GAAP revenues of US$21.3 billion and serves carrier,
service provider and enterprise customers globally. Today, Nortel Networks is
creating a high-performance Internet that is more reliable and faster than
ever before. It is redefining the economics and quality of networking and the
Internet, promising a new era of collaboration, communications and commerce.
Visit us at www.nortelnetworks.com.
Certain information included in this press release is forward-looking and
is subject to important risks and uncertainties. The results or events
predicted in these statements may differ materially from actual results or
events. Factors which could cause results or events to differ from current
expectations include, among other things: the impact of price and product
competition; the dependence on new product development; the impact of rapid
technological and market change; the ability of Nortel Networks to make
acquisitions and/or integrate the operations and technologies of acquired
businesses in an effective manner; general industry and market conditions and
growth rates; international growth and global economic conditions,
particularly in emerging markets and including interest rate and currency
exchange rate fluctuations; the impact of consolidations in the
telecommunications industry, the uncertainties of the Internet; stock market
volatility; the ability of Nortel Networks to recruit and retain qualified
employees; and the impact of increased provision of customer financing by
Nortel Networks. For additional information with respect to certain of these
and other factors, see the reports filed by Nortel Networks with the United
States Securities and Exchange Commission. Nortel Networks disclaims any
intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
-0- 11/20/2000
For further information: Media Relations, Nortel Networks, (703) 712-8535,
mediarelations@nortelnetworks.com; Archived images on this organization are available through CNW
E-Pix at www.newswire.ca. Images are free to members of The Canadian Press.
--------------------------------------------------------------------
ragingbull.altavista.com |
