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To: 16yearcycle who wrote (201)	8/16/1999 11:59:00 AM
From: DaveMG	Read Replies (1) \| Respond to of 426

Brazil, $500 Million cdma contract Canbra Awards Nortel Networks an Estimated US$500 Million Contract To Build Brazil's First Alternative Telecommunications Network Unified Networks solution spanning data and telephony to reach Rio de Janeiro and 15 other states in the east coast and northern part of Brazil RIO DE JANEIRO, Brazil, Aug. 16 /PRNewswire/ - Canbra (Mirror S.A.) has awarded Nortel Networks (NYSE/TSE: NT) a five-year contract worth an estimated US$500 million, for a Unified Networks solution that will deliver advanced data and telephony services in Rio de Janeiro and 15 other east coast and northern states in Brazil. Nortel Networks will design and build a turnkey network solution for Canbra, including Nortel Networks Proximity II and cdmaOne fixed wireless access equipment, digital switching systems, Optical Internet solutions, PBX and call center equipment. Deployment will begin immediately in Rio de Janeiro, Minas Gerais, and Bahia, followed by deployment in the other 13 states of Canbra's region. Commercial service is scheduled to start in the fourth quarter of 1999. ``Nortel Networks was one of the network providers to offer the set of attributes we were looking for - cutting edge fixed wireless and CDMA technology, extensive experience in building integrated networks, a strong knowledge of the Latin American market and the ability to deliver networks quickly,' said Francisco de Assis, vice-president of engineering, Canbra. ``The privatization and deregulation of Brazil's telecommunications industry have brought world-class services and features to Brazilian customers,' said Dan Hunt, president, Nortel Networks CALA (Caribbean and Latin America). ``We're proud to be providing Canbra the technology that will enable them to meet customers' expectations. This underscores our leadership in Unified Networks solutions, and our strength in the region.' Nortel Networks' awards year-to-date in the Caribbean and Latin America region include: one of the world's largest fixed wireless access networks for AXtel in Mexico; an advanced pan-regional optical data network for IMPSAT; a Unified Networks solution for FirstComm in Peru; a country-wide CDMA digital wireless network for Haitel in Haiti; and TDMA digital wireless networks for Norte Brasil Telecom and BellSouth Chile. Canbra was awarded a ``mirror company' (alternative) license to compete with Telemar, one of the companies formed as a result of the privatization of the former Telebras system. Upon completion, the Canbra network will reach 51 municipalities in an area - with a combined population of more 87 million people - and approximately five million square kilometers (3.1 million square miles), roughly half the size of continental United States. Nortel Networks' wireless solutions will cover more than 84 percent of Brazil's territory. Canbra was formed by Bell Canada International (34.4 percent), US-based VeloCom Inc., formerly WLL International (34.4 percent), and QUALCOMM (16.2 percent), Argentina-based Grupo Liberman (12.5 percent), and Taquari Participaoes (2.5 percent) from Brazil. Nortel Networks delivers value to customers around the world through Unified Networks solutions, spanning mission-critical telephony and IP-optimized networks. Customers include public and private enterprises and institutions; Internet service providers; local, long-distance, cellular and PCS communications companies, cable television carriers, and utilities. Nortel Networks' common shares are listed on the New York, Toronto, Montreal and London stock exchanges. Nortel Networks had 1998 revenues of US$17.6 billion and has approximately 76,000 employees worldwide. SOURCE Nortel Networks Corporation

To: 16yearcycle who wrote (201)	8/16/1999 11:59:00 AM
From: llwk7051@aol.com	Read Replies (1) \| Respond to of 426

FORTUNE Ranks America's 100 Fastest-Growing Companies; Technology, Industrial Companies Dominate Annual List NEW YORK--(BUSINESS WIRE)--August 16, 1999--Technology and industrial companies dominate FORTUNE's annual list of America's Fastest-Growing Companies, with Web-based customer services software manufacturer Siebel Systems taking the top spot boasting a three-year earnings-per-share growth average of 146%. With the exception of Meritage, builder of mid-level and luxury homes (No. 2), and cooking gadget manufacturer Salton (tied for No. 5), software companies also swept the top five rankings: interactive software maker THQ is at No. 3; Network Appliance, producer of data management software, came in at No. 4; and Citrix Systems, creator of server-based software, is at No. 5. FORTUNE's 100 Fastest-Growing Companies is featured in the September 6 issue of FORTUNE and is also available at www.fortune.com. By category, tech concerns accounted for 32 of the top fastest-growing companies, and featured the return of list veterans such as Dell Computer (which moved up to No. 14 from last year's ranking at No. 43) and rising communications star Qualcomm (No. 16 up from No. 74), as well as strong newcomers such as e-business software manufacturer i2 Technologies (No. 44) and Durham, NC based semiconductor manufacturer Cree Research (No. 15). While FORTUNE's decision to factor in companies' three-year stock market returns undoubtedly helped tech companies to lead the list, the requirement that companies post sales and earnings per share growth of at least 30% each year over three years kept the typically profit-shy industry from becoming the majority. The industrial sector came in second with 19 companies ranging from commercial printing company Consolidated Graphics (No. 13) to international riot gear producer Armor Holdings (No. 22). Health care had 16 companies on the list, including diabetes product supplier Polymedica (No. 19) and laser eye surgery equipment manufacturer VISX (No. 29). This year's list of fastest-growing companies is notable not only for the staggering profit and revenue gains posted by these 100 businesses, but for the impressive returns they produced for investors. Two-thirds of the companies outperformed the surging S&P index over the past three years--while the S&P has risen 28% annually over the past three years, the typical company on the list returned 39%--a notable feat considering how most small companies typically lag behind their bigger brethren. Looked at another way, $1,000 invested in each of the top 20 companies on this list on June 30, 1996, would have netted $136,184 today, while a comparable investment in the S&P would have generated a mere $41,541. Ranked individually by criteria, Scotsdale, AZ based Meritage (No. 2) took the top spot for revenue growth with an increase of 497%; highest earnings growth went to Windmere Durable Holdings (No. 77) which boasted EPS growth of 375%, and the highest three-year total return went to Dell Computer (No. 14)--up 186%. Although the top 100 fastest-growing companies spanned diverse industries, meetings with CEOs, interviews with Wall Street analysts, and conversations with employees revealed striking similarities between the companies. In "Secrets of FORTUNE's Fastest-Growing Companies," senior reporter Nelson Schwartz identifies the seven secrets of successful fast growers to help managers who want to run--and investors who want to buy--next year's sure thing: - They're Never Late - Fast growers know how merciless Wall Street can be to executives who can't get their products shipped, or their earnings estimates in on time. - They Don't Overpromise - Delivering confident earnings estimates may be tempting, but it's often better to keep estimates within reason and put money back into the company. - They Sweat the Small Stuff - Pinching pennies and counting seconds can add copiously to the bottom line. - They Build a Fortress - Fast moving companies most likely occupy niches where the barriers to entry are high and the threat of new competition is low. - They Create a Culture - Creating a corporate culture that can survive the strains of warp-speed growth is essential to keeping employees focused on the mission ahead. - They Learn From Their Mistakes - Wall Street can be forgiving of mistakes, as long as they aren't repeated. - They Shape Their Story - Communicating clearly, quickly and effectively to investors--even when the only news is bad news--can keep a fast growing company on track. FORTUNE teamed with Zacks Investment Research to compile the list of the 100 Fastest-Growing Companies based on the following criteria: Eligible companies had to be based in the U.S., have been in operation for three years, and have at least $50 million in revenues and market capitalization. In addition, companies needed a 30% annual growth rate in both revenue and earnings per share over three years, and were judged by total stock market return during that same period. Note: The September 6 issue of FORTUNE is available on newsstands beginning August 16, 1999. "The Secrets of FORTUNE's 100 Fastest-Growing Companies," and other FORTUNE stories are available at www.fortune.com beginning at 8:30 a.m. ET on Monday, August 16. To schedule an interview with a FORTUNE editor or writer, call Nyssa Tussing at 212/522-6724. CONTACT: FORTUNE Nyssa Tussing, 212/522-6724