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

To: Bill who wrote (7188)	10/3/2000 9:56:38 AM
From: Kenneth E. Phillipps	Respond to of 14638

Qwest to Deploy Avici Router - I believe Nortel still owns about 15% of Avici which is up 12&1/2 today. N. BILLERICA, Mass. -- Avici Systems Inc. (Nasdaq: AVCI), a leading provider of scalable core routing solutions for intelligent IP over optical networks, today announced that Qwest Communications International Inc. will use Avici's Terabit Switch Router (TSR®) for deployment in Qwest's next-generation, all-optical broadband Internet Protocol (IP) network. Under the agreement, Qwest has committed to purchase Avici equipment. Qwest also holds a small ownership position in Avici. "To continue to meet the demand for high-speed, high-capacity network solutions, Qwest looks to strategic relationships with technology innovators such as Avici Systems," said Mike Perusse, Qwest's senior vice president of engineering and technology. "This technology will help Qwest start to collapse multiple networks into a single Internet Protocol core network, resulting in higher efficiencies and lower costs for us and our customers." qwest.com lightreading.com