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Technology Stocks : BAY Ntwks (under House)

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To: The Phoenix who wrote (5888)5/15/1998 1:13:00 PM
From: blankmind  Read Replies (1) of 6980
 
Bay Network, Internet Svc Provider Sign Modem Reseller Pact
Dow Jones Newswires

May 14, 1998

ATLANTA -- Bay Networks Inc. (BAY) signed an agreement for Systems Integrator Inc., a provider of Internet services, to resell its LANcity personal cable modems.

Financial terms weren't disclosed.

In a press release Thursday, Bay Networks said Systems Integrator received long-term, exclusive rights to provide high-speed cable data services to multidwelling unit portfolios that currently aggregate more than 700 apartment communities and in excess of 600,000 doors passed throughout the U.S.

Bay Networks said Camden Property Trust's (CPT) Camden Development Inc. unit signed a contract for Systems Integrators to provide it with the personal cable modems.

Camden Property is a real-estate investment trust.

Bay Networks researches, develops and supplies networking hardware.

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