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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: JOED3 who wrote (58111)	1/6/2000 2:42:00 PM
From: KevinMark	Respond to of 108040

Added DSLN on dsl news everywhere. NT, COMS, ect. This sector is starting to hit up. (COMTEX) B: Nortel Pays 778 Million Dollars in DSL Technology Deal B: Nortel Pays 778 Million Dollars in DSL Technology Deal OTTAWA (Jan. 6) XINHUA - Nortel Newworks is paying 778 million U.S. dollars in Nortel stock for a California-based developer of Digital Subscriber Line (DSL) technology. The Canadian high-tech giant announced the deal early Thursday to acquire Promatory Communications Inc. in a bid to gain first- mover advantage. Promatory's technology could make communication through copper phone wires 150 times faster than analogue modems for Internet traffic, according to Nortel. "The addition of Promatory's next-generation DSL platform to Nortel Networks leading first-mile access solution... will allow us to make high-speed Internet access a reality for homes and businesses everywhere," Nortel said in a release. Nortel forecasts seven million DSL lines in service by 2002, more than seven times the current volume of service. The market is expected to rise by almost 40 times to 4 billion dollars by 2003, as compared with last year's total of 103 million dollars. * end of story *