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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Lee who wrote (2945)	6/26/1999 9:30:00 AM
From: Kenneth E. Phillipps	Respond to of 14638

Paul - Interesting Post - We all knew NT was undervalued relative to Cisco and Lucent but it is nice to hear somebody else say it. The following comment was incorrect: LU the leader in data transmission and CSCO in voice… He meant to say LU - the leader in voice and CSCO - the leader in data networking Ken

To: Paul Lee who wrote (2945)	6/26/1999 9:42:00 AM
From: Kenneth E. Phillipps	Respond to of 14638

Juniper IPO creates $115 million windfall for Nortel. nationalpost.com

To: Paul Lee who wrote (2945)	6/26/1999 10:06:00 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

ORLANDO, Fla. (BUSINESS WIRE) - Orlando-based Florida Digital Network, Florida's new local telephone company, announced today that it will launch in mid-July a trial of high-speed Digital Subscriber Line technology. It will be the largest deployment of DSL technology in the state to date. FDN can offer DSL service thanks to Nortel Networks'(a) IDSL and ADSL high speed line cards. "We currently deploy Nortel Networks' Access Node and Universal Edge 9000 digital subscriber loop equipment in our ILEC collocations, and the addition of these line cards allows us to get to market much faster," Gallagher said. He cited easy availability and maintenance as additional deploying Nortel Networks' high-speed data products. news.excite.com Updated 9:25 AM ET June 25, 1999 ORLANDO, Fla. (BUSINESS WIRE) - Orlando-based Florida Digital Network, Florida's new local telephone company, announced today that it will launch in mid-July a trial of high-speed Digital Subscriber Line technology. It will be the largest deployment of DSL technology in the state to date. FDN will make DSL service available from 28 local switching office sites in Fort Lauderdale, Jacksonville and Orlando. As FDN expands later this year and next year into West Palm Beach, Miami and Tampa, the service will be offered in those markets - from more than 50 local switching offices - as well. The DSL offering is a complement to FDN's wide-ranging portfolio of local, long-distance and Internet-access services aimed at small- and medium-sized businesses. "High-speed Internet access is the Holy Grail of cyberspace," said Mike Gallagher, President and CEO of FDN. "It brings a whole new range of capabilities to the personal computer. We're convinced that our customers are going to find dozens of new ways to make money and be more productive with a fatter data pipe to the Internet." FDN will offer two versions of DSL technology. One, known as IDSL, offers upload and download speeds of up to 128,000 bits per second, or twice as fast as today's state-of-the-art telephone modems. IDSL service will be available to all customers within FDN's service area. The other, known as ADSL, offers speeds up to 1 million bits per second and is available to customers who have a continuous copper-wire connection to their local switching office. IDSL is an acronym for "Integrated Digital Subscriber Line." It is a vast improvement over standard ISDN - Integrated Services Digital Network - technology, a high-speed telephone data protocol. With IDSL, customers can be connected to the Internet 24 hours a day, seven days a week at a flat rate. With ISDN, customers typically must dial in with a modem/adapter to obtain a connection and then pay rates that depend on hourly usage. FDN can offer DSL service thanks to Nortel Networks'(a) IDSL and ADSL high speed line cards. "We currently deploy Nortel Networks' Access Node and Universal Edge 9000 digital subscriber loop equipment in our ILEC collocations, and the addition of these line cards allows us to get to market much faster," Gallagher said. He cited easy availability and maintenance as additional deploying Nortel Networks' high-speed data products. Orlando-based FDN is part of a new breed of telephone companies known as Competitive Local Exchange Carriers, or CLECs. (The acronym is pronounced "See-Lecks.") FDN intends to challenge the state's long-established telephone carriers by offering its customers personalized attention at better rates than those charged by its competitors. FDN is a facilities-based CLEC with its own telecommunications infrastructure. This network, installed over the past year, incorporates multi-million-dollar fiber-optic networks in Jacksonville, Orlando and South Florida. *The company has deployed Nortel Networks' DMS-500 multi-service switching systems in its principal network hubs, assuring the highest degree of reliability.** Privately owned, FDN is well-capitalized, receiving a $25 million equity commitment in 1998 from notable investors, including Richard Kolsby, founder of Tampa-based Intermedia Communications and MC Venture Partners of Boston. In April, FDN secured $40 million in credit from GATX Capital Corp. In the coming months, FDN will continue to expand statewide, providing local, long distance and Internet services, including Digital Subscriber Line or "DSL" Internet access. FDN is currently constructing local fiber optic networks in other markets such as Miami, West Palm Beach and Tampa. Headquartered in Orlando, FDN is helping companies better communicate in a state of growth. To discover more about Florida Digital Network, call toll free 1-877-CALL-FDN (877-225-5336) or visit their Web site at www.FLORIDADIGITAL.net. (a) Nortel Networks is a registered trademark of Nortel Networks Corporation Contact: Florida Digital Network Inc., Orlando Ann Marie Peters, 407/835-0319 apeters@floridadigital.net