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Technology Stocks : AVCI
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To: tech101 who wrote (160)1/8/2004 8:07:49 AM
From: Neil H  Read Replies (1) of 190
 
:06AM Avici Systems and Nortel enter strategic alliance (AVCI) 10.44: Co and Nortel (NT) announce 3-yr strategic agreement under which Nortel Networks will integrate, sell and support Avici's carrier-class core routers as part of its converged network solutions based on Internet Protocol (IP) technology. Under the agreement, Avici will become Nortel Networks worldwide preferred 'partner' for IP core routers. Avici has granted Nortel Networks a warrant to purchase 800,000 shares of Avici common stock at a formula exercise price, which approximates US$8.00 per share... Companies to hold conference call at 08:30 ET.
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