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

To: Foo Bar who wrote (3583)	10/26/1999 7:26:00 PM
From: thebeach	Read Replies (2) \| Respond to of 14638

Chief Executive John Roth called the numbers ''great'' in an interview with Reuters. Roth also said the company's product orders were very strong, ''setting us up good for the fourth quarter.''

To: Foo Bar who wrote (3583)	10/26/1999 9:37:00 PM
From: Maverick	Read Replies (1) \| Respond to of 14638

NEC wins $1B WDM contract from T, $140M from GBLX, more from Japan & China:trouble for NT System to speed data traffic on Net at heart of 3-yr deal By Mariko Ando, CBS MarketWatch Last Update: 3:42 AM ET Oct 25, 1999 NewsWatch TOKYO (CBS.MW) -- NEC Corp. has won a $1 billion three-year contract to supply AT&T Corp. with a technology that speeds up data traffic over the Internet. The contract with AT&T (T: news, msgs), worth about $300 million for the remainder of the Japanese fiscal year through next March, should help stanch the decline in NEC's sales of telecommunications equipment, a key factor in the Japanese electronics group's widening net loss in the April-September half. See related story. NEC's so-called "wavelength division multiplexing" (WDM) technology increases by at least 60 gigabytes per second the capacity of information and data that can be transmitted over fiber-optic cable. NEC (NIPNY: news, msgs) estimates that data traffic on the Internet is expanding by 20 percent a year. It claims the WDM system allows customers to meet that demand without the huge costs of building entirely new networks because the NEC technology can be easily added to existing fiber networks. "We're aiming for a 20-percent world market share with WDM technology," said NEC spokesman Yasuhito Jochi." The AT&T order nearly triples its share to about 15 percent. NEC already supplies Bermuda-based Global Crossing (GBLX: news, msgs) with WDM technology in a $140 million agreement. The company has several other supply arrangements with Japanese companies and local governments in China. Jochi said NEC intends to bid for business with the Japanese government, which recently announced an "information superhighway" initiative to sharply accelerate Internet access and data processing over the next half decade. Shares of NEC Corp. ended at 2050 yen per share Monday, unchanged from Friday?s closing price.