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Technology Stocks : Nortel Networks (NT)
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To: Anthony Wong who wrote (1179)10/5/1998 12:14:00 AM
From: John M. Gelnieau  Read Replies (1) of 14638
 
FTC said probing Cisco's talks with rivals
October 4, 1998 11:43 PM

WASHINGTON, Oct 4 (Reuters) - The U.S. Federal Trade Commission is investigating whether Cisco Systems Inc CSCO proposed illegally dividing up the emerging network market with two of its competitors, the Washington Post reported in Monday editions.

Cisco's vice president, Dan Scheinman, told the paper in an interview on Sunday that he was confident any inquiry would show that Cisco's discussions were legal.

"We're going to work through this with the FTC," he was quoted as saying.

The paper said executives at Cisco confirmed the San Jose company had received a letter last week from the FTC requesting details about its discussions last summer with Lucent Technologies Inc LU and Northern Telecom Ltd CA:NTL NT .

Industry executives told the Post that the FTC's concern was touched off by recent press reports suggesting Cisco executives might have tried to work out inappropriate arrangements with the two other firms.

Cisco maintains it has only talked with competitors about building partnerships, in part to develop the standards for how future networking technologies would work together.

FTC officials were not immediately available to comment on the report.

REUTERS

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