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Technology Stocks : AVCI

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To: CrackerJack48 who started this subject3/12/2001 10:16:49 AM
From: bob zagorin   of 190
 
Avici Systems CEO to Deliver Keynote Address at the Network Outlook Conference

N. BILLERICA, Mass.--(BUSINESS WIRE)--March 12, 2001--Avici Systems Inc. (Nasdaq: AVCI), a leading provider of scalable core routing solutions for intelligent IP-over-optical networks, today announced that CEO and Co-Chairman Surya Panditi will present the keynote address at the Network Outlook Conference on Tuesday, March 13 at 3:25 p.m. The conference is being held at the Marriott Airport Hotel in San Francisco, California, from March 12-13, 2001.

Technologic Partners Network Outlook Conference will showcase the individuals and companies driving the networking industry. As a leader in this industry, Panditi was selected for the keynote presentation to discuss cutting-edge technical and market development affecting Internet infrastructure and telecommunications companies. With recognized speakers from leading companies and investment firms, Network Outlook is an effective venue for facilitating debate about issues, strategies and future trends in the industry.

Avici is one of the only vendors with a proven scalable core router solution to fulfill carriers' needs as they create 21st century networks to increase profits, reduce costs, and improve new IP services velocity. Its TSR(R), a leading core routing platform, though capable of reaching terabit speeds, is -- more importantly -- incrementally scalable from gigabit to terabit capacity, in-service, unlike competitive fixed-configuration routers. Carriers that have chosen Avici's TSR include AT&T, Enron, France Telecom R&D, Qwest Communications, and Williams.

About Avici Systems

Avici Systems Inc., headquartered in North Billerica, Mass., is a developer of next-generation Internet backbone platforms that optimize and drive creation of all-optical "speed-of-light" networks. Designed to bring packet intelligence to the core of optical networks, Avici's technologies offer superior scalability, resiliency and port density enabling just-in-time bandwidth provisioning, high reliability and the quality of service needed for carriers and ISPs to support mission-critical applications of the future. Visit Avici's World Wide Website at avici.com.

Avici and TSR are registered trademarks of Avici Systems Inc.

This release contains information about Avici's future expectations, plans, and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. When used in this press release, the words "will be" and other similar expressions are intended to identify such forward looking statements.

Such risks and uncertainties include, but are not limited to, market acceptance of Avici products, services and enhancements, customer purchasing patterns and commitments, development of the market place, product development and enhancement, intensity of competition of other vendors, technological changes and other risks set forth in Avici's filings with the Securities and Exchange Commission.

CONTACT:

Avici Systems

Esmeralda Swartz

Director of Strategic Marketing

978-964-2000

eswartz@avici.com

or

LNS Communications

Cathy Caldeira/Dylan Locsin

617-577-9777

ccaldeira@LNScom.com

dlocsin@LNScom.com

KEYWORD: MASSACHUSETTS

BW2047 MAR 12,2001

4:01 PACIFIC

7:01 EASTERN
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