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Technology Stocks : Nortel Networks (NT)

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To: Kenneth E. Phillipps who wrote (2142)3/6/1999 9:57:00 AM
From: Kenneth E. Phillipps  Read Replies (1) of 14638
 
Could somebody explain the following statements. I encountered these statements in two different articles the past couple of days. I understand that Nortel is taking market share from Lucent in PBX and applications. What does it mean when they say Nortel is taking business from ATT in its core voice-switching area. Nortel is a telecom equipment vendor. ATT is a telecom service provider. I don't get it. Please straighten me out.

Nortel commands 70% of the of integrated SONET/WDM networks in North America and the company is steeling market share from
Lucent in the $31 billion private branch exchange (PBX) and applications sector.


The company is also believed to be grabbing business from ATT (T) in its core voice-switching network.

And Nortel is taking market share from Lucent in the $31 billion PBX and applications area, and is believed to be taking business from AT&T in its core voice-switching network.

Ken

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