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

To: Elroy who wrote (9208)	1/10/2001 10:13:30 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

Symphony Telecom Enters into US$5 Million Network Purchase Agreement with Nortel NetworksToronto, January 10, 2001, - Symphony Telecom International Inc. (OTC.BB symbol: SYMY) Symphony Telecom International today announced an agreement with Nortel Networks* (NYSE:NT) to acquire an integrated network infrastructure solution that will enable the launch of a facilities-based portfolio starting in early 2001. The initial purchase agreement, valued at an estimated US$5M, provides the necessary equipment and services for a next generation service provider platform for further rollout across North American and international markets as Symphony Telecom's business grows. Symphony Telecom will deploy Nortel Networks Succession* solutions, including the Succession Communication Server (CS) 2000, Nortel Networks CVX* 1800* multi-service access switch and Nortel Networks Passport* 8600 routing switch. These solutions will provide full-service telephony features in a next generation packet network. "We are very pleased with our relationship with Nortel Networks, " said Dan Cullen, President at Symphony. "In addition to the Succession solutions, Nortel Networks Global Professional Services will provide us with highly skilled technical experts and consultants to provide the professional services needed to implement these networks." With solutions from Nortel Networks, Symphony Telecom will be able to position itself as an advanced, full services networking provider offering a unique and differentiated applications-based value proposition to its customers. Symphony's service portfolio will include: advanced call-handling features (local and long-distance); traditional frame relay; ATM and integrated customer premises access for voice, data, and video; complete network-based IP Services; and next gen applications supporting network-based and web-based email, calendaring and directory services. "Nortel Networks combination of next generation solutions and professional services support allows carriers like Symphony Telecom to quickly deliver revenue-generating services," said Dan Mangelsdorf, vice president, Succession marketing, Nortel Networks. "In my view, Nortel Networks has developed a superior competitive analysis service unequalled in the market," says Dan Cullen. "Nortel Networks will survey major competitors (e.g., ISPs, incumbent telcos) in the targeted serving areas for the strengths and weaknesses of their current, publicly-posted service and price offerings. This can significantly enhance our time to market for competitive and superior services offered by this new platform." About Symphony Telecom International Inc. Symphony Telecom International is positioning itself to become North America's foremost Integrated Communications Provider (ICP) leveraging emerging technologies over the increasingly global and high speed Next-Generation Internet, delivering a user friendly array of packet based voice and data services centered on wired and wireless broadband. Website: symphony.net *Nortel Networks, Succession, CVX, CVX 1800 and Passport are trademarks of Nortel Networks. Information in this press release contains "forward-looking statements." These statements involve risks and uncertainties that could cause actual results to differ materially. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the company's filings with the SEC. For More Information Contact: Gilles A. Trahan Chairman, C.E.O. Email: ceo@symphony.net Phone: 905- 457-4300, 888- 479-6746 Fax: 905 457-5506 Symphony Telecom "Simply Different" Home \| Data Services & Systems \| Long Distance \| Toll Free \| DSL \| What's New All rights reserved. ©2001 Symphony Telecom Inc.

To: Elroy who wrote (9208)	1/10/2001 1:35:52 PM
From: WiseGuy	Read Replies (1) \| Respond to of 14638

Elroy, there was no specific guidance given, but cautious comments were made, suggesting previous guidance was still intact, but that the risk of missing it was higher now. However, I don't think these cautionary comments will hinder NT from rallying into its earnings, given the low price level it is at and barring additional warnings from tech leaders. ------------------------------------------------------------ 12:54PM Cisco Systems (CSCO) 34 5/8 -2 1/2 (-6.7%): -- Update -- The comment that investors/traders said to be reacting to is CEO Chambers disclosure that the qtr was more challenging than anticipated. Juniper (JNPR 115 -5/8 -1 9/16) shares continue to trade down in sympathy.