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

To: zbyslaw owczarczyk who wrote (6881)	9/20/2000 7:21:41 AM
From: Paul Lee	Respond to of 14638

Nortel Networks Passport Fastest Growing Multiservice Switch, Analyst Figures Confirm BOSTON, Sept. 20 /CNW/ - Responding to increasing demand for Internet services, the Nortel Networks (NYSE/TSE: NT) Passport portfolio has become the industry's fastest growing multiservice switching platform, according to second quarter figures from several leading industry research firms. With 56 percent year-over-year growth in unit shipments, Nortel Networks Passport captured as much as 26 percent of the global market for multiservice WAN (wide area network) switching in the second quarter (Dell'Oro Group), climbing within two percent of the market lead (Dell'Oro Group, Cahners In- Stat, Synergy Research Group). Already the European multiservice switching market share leader through the first quarter, Nortel Networks Passport also ranked No. 1 in global frame relay switching for the second quarter (Cahners In-Stat, Synergy Research Group). Designed to meet growing voice and data traffic requirements, the versatile and scalable Passport portfolio can also provide the backbone for deploying a variety of value-added services, including ATM (asynchronous transfer mode)/Frame Relay, Internet Telephony, DSL (digital subscriber line) access, IP VPN (Internet Protocol Virtual Private Network) and third generation wireless. "Our integrated, end-to-end solutions approach, combined with Passport's ability to provide high-value services, has been the key to our success," said Don Smith, president, Optical Internet, Nortel Networks. "Passport's growth is a major testament to our focus on helping customers grow their revenue," Smith said. "By linking ATM infrastructure and IP services, the Passport portfolio underpins our entire market strategy, and is poised to become our next leadership position." Through its Passport portfolio, Nortel Networks is enabling service providers to move up the value chain to capitalize on high-growth Internet services. In addition to being a scalable and reliable foundation to ATM and frame relay services, Passport's integration with other market-leading Nortel Networks products makes it a key infrastructure solution for Internet services. "It's clear that ATM will play a major role in the infrastructure- building parts of worldwide service provider network expansion - for a total infrastructure value of US$35 billion over the next five years," said Tom Nolle, president of CIMI Corp., a leading industry analyst firm. "It's also clear that IP services will be the revenue engine that will fund the majority of the build-outs, generating as much as US$350 billion per year in incremental revenue by 2010," Nolle said. "By combining the two technologies into a single package, Nortel Networks' new Passport 15000 BSN has given service providers and users a solid foundation for future service commitments." An integral part of the Passport portfolio, the Passport 15000 Broadband Services Node (BSN) integrates the Passport 15000 multiservice switching platform with the scalable, high touch IP service platform of Nortel Networks Shasta 5000 BSN. Designed to add functionality and investment value, it provides a scalable, flexible solution for service providers deploying next generation, intelligent broadband IP networking to power communication intensive eBusiness. Nortel Networks Passport offers a number of benefits, including dynamic bandwidth sharing, sophisticated quality of service guarantees, performance superiority, and greater levels of privacy and security. This enables service providers like Equant to build state-of-the-art ATM networks that can support the increasingly complex e-commerce needs of its customers. Equant has a long history of evolving its network dating back to 1949, when major airline companies from all over the world formed SITA to provide communications and data processing services to the air transport industry. Today, through its iBusiness initiative, Equant provides the IP-based network infrastructure, support and web-based applications to enable secure eBusiness transactions and extranet and intranet services globally.