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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: jeff greene who wrote (13254)	9/9/1999 10:47:00 PM
From: zbyslaw owczarczyk	Respond to of 18016

jeff,it is the same story: Telia Keeps Altered Cisco Contract By Vanessa Clark 09 September 1999 Telia AB today admitted that it had made undisclosed changes to the 500 million kronor ($62 million) contract it awarded to Cisco Systems in February. The contract to build a national data network for the Swedish company was, at the time, held up as groundbreaking due to the extent of network provision Cisco was set to deliver. Telia however denied reports that it had replaced the Cisco contract with one from Nortel Networks. Both Swedish newspaper Dagens Industri and Tele.com said Telia had withdrawn the Cisco contract because the supplier had not delivered on time, citing Marianne Nivert, head of business area network services at Telia. Today, however, the former monopoly denied the contracts had been cancelled. "It is not that we have kicked one out and taken another in," said Jan-Morten Ruud, vice president of Telia network services. Nonetheless it seems likely that the changes to Cisco's contract are substantial and it is unclear whether Cisco will keep its consultancy function with the Swedish company. On Friday Telia awarded Nortel a contract to supply asynchronous transfer mode (ATM) and frame relay kit for the upgrade of its existing network. Media reports have put the value of the deal at around 400 million kronor. Telia said this depends on the sales generated by the network. "This is a natural development of our existing ATM and frame relay network, of which Nortel is already one of our main suppliers," said Ruud. Neither Telia or Cisco would comment on the nature of the contractual changes. "We buy a lot of equipment from Cisco and the relationship between [us] won't change," said Ruud. He would not comment on Cisco's service provision role. Ruud said Telia's strategy, outlined when the Cisco deal was first announced, is the same: to evolve its networks to integrate in the long-term, with the driving force being IP as data traffic grows. The recent reports speculated that Telia had been forced to re-think this strategy after being disappointed by Cisco and was now looking to expand its networks individually, hence the Nortel deal. As well as a traditional voice network, Telia has a national X.25, frame relay and ATM network; an ATM network and an IP network. Ruud said the Nortel deal is not connected to the Cisco deal, except as part of the company's overall network strategy. totaltele.com. Zbyslaw

To: jeff greene who wrote (13254)	9/10/1999 10:55:00 AM
From: pat mudge	Read Replies (1) \| Respond to of 18016

It's been so quiet, I'm sorely tempted to launch into a discussion of my correspondence with the late Orkney poet, George Mackay Brown, mentioned in last night's episode of Oliver's Travels. I'll restrain myself, but if NN's PR department doesn't open the news pipe pretty soon, I may just have to. :) I love the company --- and I'm devoted to it long term --- but the stock's been about as exciting as watching paint dry. Please, someone check if the lights are on. Pat