VERTICAL SYSTEMS GROUP DECLARES ASCEND THE MARKET LEADER IN THE
Service Provider Segments
Business Editors and Computer Writers
ALAMEDA, Calif.--(BUSINESS WIRE)--Oct. 14, 1998--Ascend Communications,
Inc. (Nasdaq:ASND), a leader in wide area networking (WAN) solutions for
providers and users of the public network, today announced that a report
from Vertical Systems Group confirmed that Ascend is the number one
vendor in the Frame Relay and asynchronous transfer mode (ATM) market
for public carriers. According to this report issued by Vertical Systems
last week, Ascend not only continues to lead the public WAN market, but
has increased its market share in Frame Relay and ATM in the carrier and
Internet Service Provider (ISP) markets.
According to the Vertical Systems report, Ascend leads the combined ATM
and Frame Relay service provider equipment segment with 26.4 percent
market share for 1998, surpassing the competition for the first time and
achieving the highest market share gain among all vendors highlighted in
the report. Ascend is the only vendor among the current top three that
gained market share in ATM revenue in 1998 to both carriers and ISPs.
Ascend also had the highest market share gains among all vendors in the
same categories for Frame Relay revenue. In addition, Ascend remains the
top revenue generator in Frame Relay sales to the carrier and ISP
segments extending its shares to 29.7 percent and 41.7 percent of the
respective markets. "The growth of the Internet and transition of WANs
from private lines to public networks has created a strong demand for
high performance solutions in public networks," said Rick Malone,
Principal for Vertical Systems. "This demand has fueled an expansion in
the Frame Relay and ATM markets, and our research illustrates that
Ascend has been successful in gaining market share in the carrier and
ISP segments." "Our focus continues to be on providing the world's best
carrier-class Multiservice ATM, Frame Relay and IP WAN switching
technology for the New Public Network," said Dr. Hassan Ahmed, executive
vice president and general manager, Core Systems Division of Ascend.
"Our continued leadership and impressive gains in the Frame Relay and
ATM markets are solid evidence that we are offering carriers and ISPs
the world's strongest WAN solutions. This report from Vertical Systems
further verifies our market strategy and success."
The Vertical Systems report release on October 8 is the latest among
numerous studies that have recently confirmed Ascend's number one
position in the WAN switching market. According to a recent report from
Dell'Oro Group, Ascend was the revenue leader in both the carrier and
ISP multiservice WAN edge markets for the first half of 1998.
Additionally, Cahners In-Stat Group recently pronounced Ascend the new
leader in worldwide ATM WAN equipment revenue sold to service providers,
as well as the continued leader in worldwide market share in combined
ATM WAN equipment and Frame Relay switch revenue sold to service
providers, total Frame Relay switch revenue and Frame Relay switch
revenue sold to service providers through the first half of 1998. Recent
reports from International Data Corp. also placed Ascend as number one
in both worldwide WAN switch sales and overall worldwide Frame Relay
switch revenues in 1997.
About Ascend Communications
Ascend Communications, Inc. (Nasdaq:ASND) develops, manufacturers, sells
and services wide area networking solutions for telecommunications
carriers, Internet service providers and corporate customers worldwide.
For more information about Ascend and its products, please visit the
Ascend Web site at www.ascend.com, or send e-mail to info@ascend.com.
For Investor Relations, please call our communications hotline at
800/648-3059 or 760/704-4423 (outside the US & Canada). Additional
investor information can also be accessed on our Web site at:
ascend.com. Ascend is headquartered at One Ascend
Plaza, 1701 Harbor Bay Parkway, Alameda, Calif. 94502; phone is
800/ASCEND4 and fax is 510/814-2300.
The foregoing statements may contain forward-looking statements that are
based on current expectations and involve risks and uncertainties.
Actual results could differ materially from these expectations as a
result of factors including, but not limited to, the Company's success
in developing, introducing or shipping new products, competition, the
mix of distribution channels employed, the Company's dependence on
single or limited source suppliers for certain components used in its
products, risks inherent in international sales, seasonality and general
economic conditions. These and other factors are discussed in Ascend's
10-K, 10-Q and other filings made periodically with the Securities and
Exchange Commission. |
