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Technology Stocks : Westell WSTL
WSTL 6.400+1.1%Jan 30 9:30 AM EST
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To: Dug who wrote (11470)6/11/1998 11:23:00 AM
From: Chemsync  Read Replies (1) of 21342
 


Ariel sells Dslam unit

CRANBURY, N.J., June 11 (UPI) _ Ariel Corp. has entered into a
definitive agreement to sell all of the assets of its Dslam Group to
Cabletron Systems Inc. of Rochester, New Hampshire for approximately
$33.5 million in cash.

In addition, Cabletron said it will enter into employment agreements
with the Dslam team members that will include sign-on, performance and
staying bonuses.

The deal is subject to certain conditions, including but not limited
to, governmental approvals. _-

Copyright 1998 by United Press International.

All rights reserved. _-


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