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Microcap & Penny Stocks : Linkon (LKON): CTI Company

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To: JWA who wrote (787)	12/30/1998 11:06:00 AM
From: Mel Spivak	Read Replies (2) of 1082

In LKON's niche, here is some "food for thought": Friday December 18, 10:02 am Eastern Time Nokia buys Canadian Internet Protocol telephony co HELSINKI, Dec 18 (Reuters) - Finnish telecom equipment maker Nokia (NYSE:NOKa - news) said on Friday it had signed a deal to take over Canadian Internet Protocol telephony company Vienna Systems for about $90 million. Nokia bought 30 percent of Vienna Systems from Newbridge (Toronto:NCC.TO - news) and the rest from a number of venture capitalists, private investors and other minor shareholders, a spokeswoman said. ''A recognised leader in the global IP telephony market, Vienna Systems designs and manufactures hardware and software products for the distribution of voice, fax and video communication over IP networks, including Intranets and the public Internet,'' Nokia said in a statement. Its customers range from telecom service providers to multisite medium and large enterprises, it added. No details on Vienna's sales or profits were available. Newbridge and Nokia also agreed to collaborate in sales, marketing and product development to maintain Newbridge's role as a major distributor of Vienna products.

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