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

To: Bosco who wrote (3593)	10/27/1999 9:42:00 AM
From: Paul Lee	Read Replies (1) \| Respond to of 14638

Nortel Networks Provides Missing Link to Unleash Profitable New Services for High-performance Internet Introduces Preside, Industry's Most Robust, Integrated Service-Enabling Software Portfolio BOSTON, Oct. 27 /PRNewswire/ - Nortel Networks (NYSE/TSE: NT) today introduced capabilities that enable the creation and delivery of profitable services via the Internet. Nortel Networks' Preside portfolio provides service providers with the ''glue'' they need to bind the high-performance Internet and applications, and then deliver services tailored to customers' individual requirements. Preside offers service providers standards-based, service-enabling software designed to maximize revenue-generating opportunities while reducing overall cost of operations. Service providers can transform their network from one that operates on a best-effort, ''one size fits all'' paradigm to one that delivers high-quality, tailored service levels to each customer. With Preside, Nortel Networks is integrating the necessary components for service providers to profitably create, manage and deliver the richest set of eServices in the industry,'' said Steve Nicolle, Vice President and General Manager, Service Ware Solutions, Nortel Networks. Nortel Networks will partner with industry leaders and leverage the critical software assets obtained through the acquisitions of Bay Networks, Shasta Networks, X-CEL Communications -- as well as those which will be acquired upon the completion of the proposed acquisition of Clarify (which is subject to certain customary closing conditions). The immense potential of the Internet has been hampered by the lack of a standard platform to design, deploy and manage services and applications,'' said John Morency, executive vice president of consulting at Sage Research. ''The challenge for service providers going forward will be to augment unlimited Internet access with next- generation revenue-producing services. Nortel Networks' Preside is unique in its ability to address next-generation service provider requirements, while providing a strong multi-vendor solution.'' We are looking for a clear solution to meet our customers changing service needs,'' said Balan Nair, Director Operations Support, Network Planning Department, USWEST. ''Nortel Networks' Preside service-enabling software portfolio enables us to introduce new services-profitable to both our business and that of our customers-without disrupting our existing network structure.'' Nortel Networks Preside Portfolio Nortel Networks' Preside is a unique portfolio that uses open application programming interfaces (APIs) and standard directory-based solutions to enable rapid delivery of new, value-added services and applications, generating new revenue sources for service providers. As a leading supplier of network computing, Sun is committed to supporting the drive for an open service creation environment for IP services, leveraging the Java(TM) platform and Internet standards,'' said John McFarlane, president, Network Service Provider Division, Sun Microsystems, Inc. ''Nortel Networks' Preside open, standards-based development and delivery platform will help service providers create the kind of services that will make the service-driven network more useful for everyone.'' The Preside service-enabling software portfolio, or service ware, delivers: - Service Control -- real-time control of network resources to create new, personalized services with self-service capability for the end-user. - Customer Care and Billing for rich customer relationships. In the back-office, service providers can bill for new Internet services based on usage, class- or quality-of-service, or other innovative models. In addition, Nortel Networks plans to strengthen Preside with the leading front office solutions obtained upon completion of the recently announced proposed acquisition of Clarify. - Service Activation -- fast provisioning of end-to-end services -- in minutes, not days -- enabling the shortest time to revenue for service providers - Policy Services -- carrier-grade directory enabled networking for the delivery of new web-based applications and personalized IP services - Service Assurance -- reduced operations costs through the most advanced service assurance capabilities in the industry-spanning IP, ATM, optical, packet telephony, TDM, access and data center domains in a multi-vendor network. Preside service ware optimizes the value of next-generation networks, like Nortel Networks' OPTera Packet Solution. It enables service providers to shift their focus to delivering rich new services and forming personalized relationships with their customers. The Preside portfolio -- including the recently announced Preside Policy Services and the new Preside IP management solutions -- is available today to provide the foundation for delivering next-generation Internet services. See www.nortelnetworks.com/preside for specific details.