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Network World Says Bay Networks Looking to Acquire Rapid City Communications For Entry Into Hot New Gigabit Ethernet Market
PR Newswire - June 09, 1997 06:44
BAY %CPR %MLM %PUB V%PRN P%PRN
Network World's Doug Barney available for commentary
WHAT: This week's front page of Network World reports that networking
giant Bay Networks, Santa Clara, Calif., is in negotiations with red-hot
Gigabit Ethernet startup Rapid City Communications, Mountain View, Calif.
in a deal that could be worth as much as $200 million. The acquisition would
position Bay Networks well against top competitors including Cisco Systems,
Inc., which acquired Gigabit Ethernet upstart Granite Systems, Inc. last
September for $220 million, and 3Com Corp., which has already announced a
family of Gigabit Ethernet gear. The Gigabit Ethernet switch market has been
projected by Menlo Park, Calif.-based consultancy Dell'Oro Group to reach
$980 million in worldwide revenue by the year 2000.
WHO: Network World's Doug Barney is available for interview on
industry acquisition. To schedule a live or taped interview, contact Heidi
Creighton at 508-820-7528.
WHEN: Interviews available Mon., June 9 - Wed., June 11, 9 a.m. to 5 p.m.
eastern time. (Visuals available for TV media) Contact Heidi Creighton at
508-820-7528.
Network World, an International Data Group (IDG) trade publication, is the
industry's only newsweekly covering enterprise network computing and the
Internet/intranets. Network World Inc. headquarters are located at 161
Worcester Road, Framingham, Massachusetts 01701.
CONTACT: Interviews available by contacting Heidi Creighton at
508-820-7528 or Email: Heidi_Creighton@nww.com or Press Room:
www.nwfusion.com/medialounge.
SOURCE Network World
PRNewswire -- June 9
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