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

To: Peppe who wrote (13287)	9/13/1999 12:18:00 PM
From: zbyslaw owczarczyk	Read Replies (2) \| Respond to of 18016

Peppe(re:Telefonica),from the report: Cisco remains confident in its multiservice network equipment strategy as it continues to win contracts from service providers such as Qwest Communications International Inc. (Denver) and Telef¢nica S.A. (Madrid). In its statement(July 99) Telefonica said areas where it might work with Cisco included network infrastructure, online services, broadband access and differentiated Internet/intranet services. So Telefonica may work with CSCO, then CSCO has to deliver(!!!!!!!!) and CSCO has already claimed victory with Telefonica!!!!!!(LOL) This type of approach is clearly in not bringing CSCO success in carrier space. MADRID, Spain (Reuters) - Ambitious Spanish telecommunications operator Telefonica furthered its Internet expansion strategy Thursday when it teamed with Cisco Systems Inc. (Nasdaq:CSCO - news), a leading maker of Internet network equipment, to develop telecommunications services and products. The deal would allow Telefonica -- the biggest telecommunications company in the Spanish-speaking world -- to provide new online services to businesses and boost its efficiency, Telefonica said in a statement. Cisco, based in San Jose, Calif., stood to optimize its telecommunications equipment, Telefonica said in a statement. Telefonica Chairman Juan Villalonga and Cisco President John Chambers signed the deal Thursday, the statement said. Telefonica is the latest of several telecommunications companies to join forces with Cisco, one of the leaders in a race to deliver voice and video data over the Internet. This month German operator Mobilcom announced a plan with Cisco to offer online phone services. Singapore Telecommunications and QWest Communications Inc., the fourth-biggest U.S. long-distance operator, also allied with Cisco recently. In its statement Telefonica said areas where it might work with Cisco included network infrastructure, online services, broadband access and differentiated Internet/intranet services. 'In particular, special attention will be given to solutions for the new generation of networks based on ATM and IP, modernization of access to the network using new XDSL technologies and provision of new services on IP,' it added. Asynchronous Transfer Mode (ATM) and X Digital Subscriber Line (XDSL) are types of technology used for data transmission. IP stands for Internet Protocol, a basic technology that allows Web surfers to hook up to the Internet. Telefonica, the dominant telecommunications operator in Spain and in several countries in Latin America, has focused increasingly on developing its Internet services. Last month it announced a deal with British media group Pearson Plc with a view to improving content for its online products as well as its television interests. Also in June, Telefonica hired Lucent Technologies Inc. (NYSE:LU - news), a fierce rival of Cisco, to design and install an Internet-based communications in a roughly $200 million deal. Telefonica recently bought ZAZ, a Brazilian service provider and has begun to offer customers free access to the Internet.