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Technology Stocks : Ascend Communications-News Only!!! (ASND)

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To: Larry J. who wrote (1123)	2/5/1998 4:42:00 PM
From: blankmind	Read Replies (2) of 1629

World Trade Organization Rules in Favor of US Networking Companies Thursday February 5, 12:28 pm Eastern Time Cabletron Welcomes the Decision in the WTO Case Brought Against the European Union by the US Trade Representative ROCHESTER, N.H.--(BUSINESS WIRE)--Feb. 5, 1998-- Cabletron Systems (NYSE:CS - news) announced today that it welcomes the decision of the World Trade OrganizationUs (WTO) dispute resolution panel that the European Union (EU) acted illegally when it changed the customs classification and nearly doubled the tariffs on computer networking equipment. The company anticipates that the EU will now repay the manufacturers of computer networking equipment who have been burdened with improper tariffs over the past three years.

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