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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: eyebalz who wrote (77549)	12/10/1999 5:38:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 90042

RIGHT next door to CABLETRON ; ; ; ; ; ; Marconi Strengthens Position As Leading Telecommunications Provider With Formation Of $5 Billion Communications Group Seasoned Executive Team to Lead New Global Organization to be Named Marconi Communications 05 November 1999 Marconi p.l.c., (formerly GEC), today announced the formation of the global Marconi Communications organization under a new management team to be headquartered in Pittsburgh. The new Marconi Communications will be led by Chief Executive Officer Mike Parton and will focus on building the New Public Network for telecommunications and enterprise customers around the globe. Marconi Communications, a $5 billion telecommunications organization, has manufacturing, research and development, sales and customer support facilities located around the world. The global Marconi Communications organization brings together Marconi Communications (a leading developer of access, broadband, power and transmission solutions for telecommunications service providers) and FORE Systems (a leading provider of Internet switching and network management software for emerging service providers and enterprise corporations). The new Communications organization and management structure position Marconi to take advantage of the increasing worldwide demand for communications solutions - especially in the integration of Internet, voice, video, multimedia and data services for the New Public Network. Marconi Communications is a key supplier for over 80 percent of the world's largest telecommunications organizations, including British Telecom, MCI Worldcom, Sprint, Telefonica and UUNet. Leading enterprise customers, including Boeing, Ford Motor Company, Microsoft, Prudential Insurance and Shell Oil also rely on Marconi Communications for their network infrastructure. Marconi also announced the formation of a new Global Services Business, led by Neil Sutcliffe and based in Coventry in the UK. Marconi Services will provide worldwide professional services, consulting and support to customers from more than a dozen locations around the world. "With this team, and this structure, Marconi is well positioned in the fastest growth sectors of one of the fastest growing industries in the world today," commented George Simpson, CEO of Marconi p.l.c. "We will continue to invest resources into growing both Marconi Communications and Marconi Services. We will also continue to make significant steps to expand each organization's already large worldwide presence and customer focus." Building the Infrastructure for the New Public Network Marconi Communications leverages and integrates best-in-class technology for communications providers and corporations and also adds expanded research and development and support facilities around the world. Marconi customers will benefit from integrated product offerings as well as enhanced services and support with newly established research, development and support centers located in England, Italy, Ireland, Israel and major U.S. cities including Pittsburgh, Cleveland and Chicago. Marconi Communications Leadership Marconi Communications CEO Mike Parton will relocate to the Pittsburgh-based FORE Systems facility to operate the new company. Mr. Parton is an industry expert with more than fifteen years of telecommunications experience. He brings a track record of successfully leading the 30,000 member Marconi Communications organization to dominance in the European telecommunications market. Mr. Parton will report to Marconi p.l.c. CEO George Simpson. Dudley Sheffler, former president and CEO of RELTEC Corporation, will be retiring at the end of this financial year and until then will assist Mike Parton in establishing the new Communications business. Former FORE Systems CEO Tom Gill will be leaving the Company to pursue other opportunities. About Marconi Communications Marconi Communications is a world leader in smart broadband optical networks, access equipment, switching technology for the Internet and network integration. Marconi p.l.c.'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.