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

To: Kenneth E. Phillipps who wrote (6800)	9/13/2000 9:14:40 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

SAVVIS Enhances Intelligent IP Network With Nortel Networks Optical Internet Solutions BOSTON, Sept. 13 /CNW/ - SAVVIS Communications (NASDAQ: SVVS), a premier Intelligent IP networking service provider, has signed an estimated US$155 million contract with Nortel Networks (NYSE/TSE: NT) to deploy high- performance, next-generation Optical Internet solutions. Over the next 42 months, SAVVIS has agreed to purchase Nortel Networks OPTera Optical Internet solutions -- including Nortel Networks OPTera Long Haul 1600 Optical Line System and Nortel Networks OPTera Connect DX Connection Manager -- to build a flexible, highly-reliable optical backbone connecting 50 U.S. and Canadian markets. SAVVIS is currently implementing Nortel Networks Shasta 5000 Broadband Service Nodes (BSN) throughout its global network, which powers more than 4,700 financial institutions, 75 of the top 100 worldwide banks, and 45 of the top 50 brokerage firms. "We're committed to using industry-leading solutions to increase the performance of our global network for our customers," said Rob McCormick, chief executive officer, SAVVIS. "Implementing Nortel Networks OPTera solutions in our fiber backbone, along with the state-of-the-art routers and other network components we have selected, will enable us to increase network performance, scalability and flexibility, which translates into more differentiation and competitive advantages for our customers as their network requirements grow," McCormick said. "SAVVIS is ranked No. 1 for performance in the industry and has an architecture poised to sustain this leadership," said Don Smith, president, Optical Internet, Nortel Networks. "They will be among the first to combine the performance of Nortel Networks OPTera solutions in the core with the intelligence of Nortel Networks Shasta 5000 BSNs at the network edge." Nortel Networks will also provide SAVVIS with professional services including program management, engineering and equipment installation, and assistance in building its Network Operations Center for the optical network. SAVVIS is the premier Intelligent IP network services provider, and the first to deliver private IP networks at Internet economics. As a result, the benefits of high-end private networks are now accessible to small- and medium- sized businesses, while the Fortune 1000 can be more nimble in the execution of their e-commerce strategies. SAVVIS' state-of-the-art global IP platform provides a full range of customer-specified Internet, Intranet and Extranet networks, combining the flexibility and fast time-to-market of the Internet with the QoS, security and reliability of Private IP networks. Nortel Networks is a global Internet and communications leader with capabilities spanning Optical, Wireless, Local Internet and eBusiness. The Company had 1999 U.S. GAAP revenues of US$21.3 billion and serves carrier, service provider and enterprise customers globally. Today, Nortel Networks is creating a high-performance Internet that is more reliable and faster than ever before. It is redefining the economics and quality of networking and the Internet, promising a new era of collaboration, communications and commerce. Visit us at www.nortelnetworks.com. -0- 09/13/2000

To: Kenneth E. Phillipps who wrote (6800)	9/13/2000 10:13:09 AM
From: Bill	Read Replies (1) \| Respond to of 14638

Insatiable demand. ``We're sold out. I can't make everything I have orders for. Even if we saw some pullback, we'd have to pull back a long, long way to get to the point where I'm not sold out,'' Roth said. sjmercury.com