SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ascend Communications-News Only!!! (ASND)
ASND 201.08-0.3%Nov 3 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tech Bull who wrote (1577)10/21/1998 5:09:00 PM
From: w2j2  Read Replies (1) of 1629
 
NEW YORK -(Dow Jones)- Ascend Communications Inc. Wednesday said it
received a contract to supply switching equipment for a new Bell
Atlantic Inc. long-distance network that is under construction but can't
be used until the company receives permission to enter the long-distance
market.
Under the Telecommunications Act of 1996, regional Bells must prove
their local markets are open to competition before they can offer
long-distance services. The FCC said the Baby Bells must improve support
services that enable customers to switch to a rival phone company and
provide competitors better access to parts of its network.
Although the network isn't yet up and running, the Bell Atlantic deal
signals a victory for Ascend (ASND), which is a leader in the sizzling
market for remote-access servers that allow users to dial into company
networks and Internet services. Ascend has recovered from last year's
dumps, when software problems caused product malfunctions and the merger
with Cascade Communications Corp. sapped management resources.
Just about all of the major telecom companies - ranging from the
traditional leaders such as AT&T Corp. and the Baby Bells to emerging
independent carriers - are spending heavily to add bandwidth and upgrade
their networks to handle data traffic and integrate voice and data.
A glimpse of the future came earlier this year when Sprint Corp.
(FON) announced plans to move to a single network that will provide
integrated voice and data services, and far more communications power
than currently available. Sprint plans to accomplish that with a single
network that employs new ATM switches, Internet packet transmission gear
and data routers to move traffic from local subscribers to its
high-powered fiber-optic networks.
Ascend rival Cisco Systems Inc. (CSCO) was selected to act as the
primary supplier and supervising vendor of the Sprint network, replacing
Lucent Technologies Inc. (LU) and Northern Telecom. (NT). San Jose,
Calif.-based Cisco's equipment - routers, hubs, switches and the
software that controls them - are the most popular tools that companies
and Internet-service providers use to manage electronic traffic in
computer networks. About 85% of the routers used to decipher and direct
data traffic on the Internet are made by Cisco.
Copyright (c) 1998 Dow Jones & Company, Inc.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News