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Technology Stocks : Ascend Communications (ASND)
ASND 206.52-1.2%Nov 25 3:59 PM EST

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To: gbh who wrote (48111)6/5/1998 11:10:00 AM
From: gbh  Read Replies (1) of 61433
 
Anybody have a clue on the NT announcement set for Tuesday. Supposed to be some sort of alliance with a leading software company, per DBC.

Company Press Release

SOURCE: Northern Telecom Limited

Media Advisory - Nortel (Northern Telecom) to Announce Major Developments with 1-Meg
Modem at SUPERCOMM 98

RESEARCH TRIANGLE PARK, NC, June 5 /PRNewswire/ - Nortel (Northern Telecom), a world class leader in data and voice
communication products and services, will hold a press conference to announce a major industry alliance at SuperComm 98 in Atlanta
on June 9. This alliance, with one of the world's leading software companies, will reinforce Nortel's leadership position in the access and
data networking arena and will demonstrate its commitment to build a faster, more reliable, more profitable Internet.

In addition to these announcements, Nortel will announce a major milestone in sales of its 1-Meg Modem. Using xDSL (Digital
Subscriber Line) technology, the 1-Meg modem provides customers with easy to install high-speed Internet access for the home or
small office. This milestone will be marked with a live 1-Meg Modem demonstration at Nortel's booth, No.7549.

For press briefings with Nortel spokespeople or more information about the press conference and these exciting announcements,
contact Alyson Babson at (919) 854-0550 or Joanne Latham at (919) 992-7851; Pager 1-800-759-8888 PIN No. 5208682.

Nortel, one of the largest providers of public and private voice and data solutions, works with customers worldwide to design, build and
integrate digital networks - for information, entertainment, education and business. Offering one of the broadest choices of network
solution in the industry, Nortel had 1997 revenues of $US 15.5 billion and has approximately 73,000 employees worldwide.

Nortel product, service, and general information is available on the World Wide Web at nortel.com.
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