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Technology Stocks : BAY Ntwks (under House)

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To: Ling Chen who wrote (6664)6/18/1998 1:37:00 PM
From: scott  Read Replies (1) of 6980
 
Somebody care to explain this one??? NT and CS??? after the Bay merger???

<<<<Thursday June 18, 10:34 am Eastern Time

Company Press Release

SOURCE: Northern Telecom Limited

Nortel (Northern Telecom) and Cabletron Systems Continue to Leverage Their Strategic Relationship to Provide World-Class Integrated Voice and Data Solutions

Recently announced product developments solidify the ongoing relationship

DALLAS, June 18 /PRNewswire/ - Nortel (Northern Telecom) (NYSE: NT - news), and Cabletron (NYSE: CS - news) today confirmed that they will continue to work together to integrate their voice and data technologies to provide advanced business solutions, such as the recently announced Nortel Norstar Integrated Data Module 200 and the Nortel Integrated Network Management (INM) Broadband.

''At Nortel, we have and will always be committed to developing and integrating the leading-edge technology necessary to provide our customers simple, secure, reliable and cost-effective Power Networks for voice and data,'' said Jim Long, president, Enterprise Networks, Nortel. ''As an essential part of delivering on that promise, we will continue to work with Cabletron to offer our customers joint solutions whenever their networking needs call for it.''

''In today's competitive information-based economy, customers need real-world solutions for integrated voice and data,'' said Craig Benson, president and CEO, Cabletron Systems. ''Together with Nortel, we are jointly developing integrated solutions like the Norstar IDM 200 and we are providing the SPECTRUM Enterprise Management platform for several products, including the Broadband INM solution. These deliver solid business benefits for our customers and enhance their profitability and competitiveness.''

Jointly developed as a solution for giving smaller site, multi-site or branch office businesses a first-of-its-kind solution for streamlined, cost-effective integrated networking, the Norstar IDM 200 integrates with an existing Norstar Modular ICS key system unit (KSU) to consolidate the functionality of a multiplexer, router and LAN hub into a single system with minimal hardware requirements. The solution enables affordable LAN-to-WAN access by supporting voice calls and data traffic over a single T-1 telephone line.

This jointly developed solution enables the smaller site to realize the full potential of integrated networking, with minimal costs in hardware and network access. Through this solution, Nortel and Cabletron bring the power of the network to a much broader population.

Service providers operating a network comprised of both IP Data and Optical equipment are now able to manage their network with a system based on Nortel's successful Integrated Network Management (INM) Broadband solution. The first enterprise management system that Nortel selected to integrate with INM Broadband is the Cabletron Systems' SPECTRUM(tm) Enterprise Manager.

Nortel and Cabletron continue to work together to leverage the existing strengths of both companies for the benefit of the customer.

Enterprise Networks and Enterprise Data Networks are business units of Nortel, a diversified provider of market-leading communications equipment, services and network solutions for business, commerce and entertainment. Nortel had 1997 revenues of $US 15.5 billion and has approximately 73,000 employees worldwide.

Cabletron Systems, a recognized leader in high-performance computer networking products, provides dependable network access and communications to millions of people throughout the world under its Smart Networking architecture. With scaleable products designed for Fortune 1000 enterprise networks, service providers and small businesses, Cabletron provides simple, reliable and cost-effective business solutions for the information age.

SOURCE: Northern Telecom Limited>>>>>>
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