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DIGITAL EQUIPMENT CORPORATION: Digital begins strategic partnership with
Cabletron Systems
Presswire - February 12, 1998 10:56
M2 PRESSWIRE-10 February 1998-DIGITAL EQUIPMENT CORPORATION:
Digital begins strategic partnership with Cabletron Systems to provide world-class
networking solutions (C)1994-98 M2 COMMUNICATIONS LTD
-- Cabletron's acquisition of Digital's Network Product Business' assets is complete
-- Digital establishes Network Business Segment to support Cabletron relationship
Digital Equipment Corporation today announced the consummation of the sale of the
assets of its Network Products Business for approximately $430 million to Cabletron
Systems, Inc. The two companies have initiated a strategic partnership that includes
long-term reseller and services contracts.
The new partnership enables Digital to continue to expand its network solutions
capabilities by selling Digital-branded network products as well as complementary
Cabletron products. Under the terms of the acquisition, the Digital Network Products
Group has been formed within Cabletron Systems.
Digital today also announced the formation of the Digital Network Business Segment,
dedicated to supporting the Digital-Cabletron partnership. John Ardini will serve as
vice president of the business segment, which is part of Digital's Products Division.
"This is a solid step for Digital and Cabletron," said Fred McClimans, CEO of market
watcher Current Analysis, located in Sterling, Virginia. "This deal, especially in light of
the recent Compaq/Digital deal, continues to be a strong positive for all involved
parties, from both a technology distribution and market influence perspective. We are
particularly impressed with the plans and strategies that have been put into place by
both firms to maximize the revenue potential from this ongoing partnership."
Digital Equipment Corporation, recognized for product and service excellence, is a
leading supplier of high-performance, Web-based computing solutions, which help
enterprises compete in the global marketplace. Digital gives its customers a winning
Internet advantage through a comprehensive portfolio of Internet solutions based on
award-winning systems, advanced networking infrastructure, innovative software, and
industry applications - including those from its business partners. The expertise and
experience of Digital employees help customers plan, design, implement, manage and
support Internet solutions in countries throughout the world. For the latest company
information, visit Digital on the World Wide Web at digital.com.
Note to Editors: Digital and the Digital logo, are trademarks of Digital Equipment
Corporation. All other trademarks are respective of their owners.
CONTACT: Gail Smart Tel: +1 978 493 7713
*M2 COMMUNICATIONS DISCLAIMS ALL LIABILITY FOR
INFORMATION PROVIDED WITHIN M2 PRESSWIRE. DATA SUPPLIED BY
NAMED PARTY/PARTIES.*
Jim |
