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Technology Stocks : Cabletron Systems (CS: NYSE)
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To: KLH who wrote (5628)2/10/1999 5:45:00 PM
From: Peter Yang  Read Replies (1) of 8358
 
>> February 10, 1999
"Siemens to Form New Firm to Expand On Array of Data-Networking Products "
By William Boston
Staff Reporter of The Wall Street Journal

BERLIN -- Siemens AG of Germany plans to take another step next month in its catch-up
game with U.S. Internet technology firms with an acquisition that it plans to set up as a separate company.

Volker Jung, Siemens management-board member in charge of communications networks, told reporters at a conference in Berlin that the electronics giant was keenly interested in filling holes in its offering of data-networking products that guide traffic on the Internet.

"We're going to do something in this area and in Internet access equipment," he said. "It will come to a small investment next month and will also involve forming a new company in the U.S."

Mr. Jung wouldn't elaborate on the company's plans.

Siemens is a leading maker of telephone-networks world-wide. But it has been slow in addressing the explosion of the Internet and the increasing importance of Internet technology as a platform for integrating various types of communication.

It has a significant partnership with 3Com Corp. and Newbridge Networks Corp. but has said repeatedly in recent months that it needs to buy data-networking companies to beef up its offering to catch up with companies such as Cisco Systems Inc. and offer a full palette of networking products.
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Could the data-networking company they are buying be CABLETRON???
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