To: Black-Scholes who wrote (47181 ) 11/1/1999 1:29:00 PM From: Lane Weatherly Respond to of 50808
For what it's worth... SCI Signs Strategic Relationship Agreement With Marconi Communications To Produce SDH/DWDM Telecommuniucations Products Under Multi-Year Arrangement HUNTSVILLE, Ala., Nov. 1 /PRNewswire/ -- SCI Systems, Inc. (NYSE: SCI - news; ``SCI') of Huntsville, Alabama announced today an agreement with Marconi Communications of Coventry, United Kingdom whereby SCI will produce the SDH/DWDM (Synchronous Digital Hierarchy/Dense Wave Division Multiplexing) telecommunications products that are the subject of a separate announcement earlier today between Marconi Communications and Nokia. Under a multi-year supply agreement, SCI will initially provide SDH/DWDM printed circuit board assemblies to Marconi Communications from SCI's Oulu, Finland facility. In support of this arrangement, SCI is also purchasing concurrently certain SDH/DWDM manufacturing assets belonging to Nokia, which will be transferred from Nokia's Haukipudas, Finland facility to SCI's Oulu facility. The multi-year agreement also envisions a worldwide partnership between SCI and Marconi Communications on a variety of products. ``SCI is very enthusiastic about our new strategic relationship with a flagship company such as Marconi Communications,' stated A. Eugene Sapp, President and Chief Executive Officer, SCI. ``It provides SCI the opportunity to further support a longstanding customer in Nokia, and also provides our company with a springboard for additional opportunities with Marconi Communications on a worldwide basis.' Headquartered in Huntsville, Alabama, SCI Systems, Inc. is a diversified electronics manufacturer whose products and systems are supplied to a variety of aerospace, commercial and industrial customers. SCI is a leading provider of electronics manufacturing services. Its more than 28,000 employees now operate 35 facilities in 16 countries. Marconi Communications, a wholly owned subsidiary of GEC, is a world leader in smart broadband optical networks, access equipment, switching technology for the Internet and network integration. GEC's acquisition of US-based FORE Systems has positioned the group as a leading player in the New Public Network and enterprise markets, in addition to its already established market leadership in the carrier and operators sphere. It has sales to more than 140 countries and a major presence in Europe, the USA, South Africa and the Asia-Pacific Region.