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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here

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To: Frank A. Coluccio who wrote (2508)	12/9/1998 11:33:00 AM
From: Kenneth E. Phillipps	Read Replies (1) of 12823

Mike M, Denver Techie & Thread - Now we know why Nortel is transferring LANCity to Antec. They are acquiring Cambrian Systems and will have their own metro DWDM. Here is the news. Nortel to buy Cambrian Systems Canadian networker paying about $300 million By Jeffry Bartash, CBS MarketWatch Last Update: 10:10 AM ET Dec 9, 1998 NewsWatch TORONTO (CBS.MW) -- Nortel Networks said Wednesday it will pay about $300 million to acquire privately held Cambrian Systems Corp., which has developed a technology to speed the flow of network traffic between metropolitan areas and the optical Internet backbone. A portion of the purchase price will be deferred and paid depending on whether Cambrian Systems achieving certain objectives. Nortel stock rose 3/16 to 49 1/6 in recent trading. The deal comes three months after the acquisition of data networking leader Bay Networks. Nortel (NT) is bulking up amid an intensifying battle among networking companies to provide Internet-based products to telecom providers, who are looking for suppliers that can meet all their needs. Phone and other providers are moving to more efficient Internet Protocol -based networks from traditional circuit based ones as the transport of data -- faxes, e-mail, software applications -- increasingly supplants voice as the main form of communications. "This is another investment in our strategy to usher in a new era of networking. With the acquisition of Cambrian Systems, we're speeding up the on-ramps to the Internet backbone,'' said John Roth, vice chairman and chief executive officer, Nortel Networks. "By eliminating the bottleneck between metropolitan networks and the high-speed fiber optic backbone, we will enable higher speeds and higher reliability with bigger bandwidth and lower cost networking," he said. Jeffry Bartash is a reporter for CBS MarketWatch. Search our news archives: (For more options use our Advanced search) TickerKeyword

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