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

To: Stocker who wrote (10015)	2/21/2001 9:44:51 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

Nortel Networks, Motorola Enter Into Joint Marketing Agreement; Integrated Solutions to Include Next Generation Wireless Networks, Handsets WEDNESDAY, FEBRUARY 21, 2001 4:00:00 AM EST CANNES, France, Feb 21, 2001 NTNT. and Motorola, Inc. MOT announced today at the 3GSM World Congress in Cannes a non-exclusive global agreement to jointly market to wireless operators an integrated solution featuring Wireless Internet infrastructure equipment from Nortel Networks and Motorola wireless handsets. The companies will also work together to perform interoperability, verification and integration testing of wireless infrastructure and handsets. Focusing on third generation (3G) UMTS (Universal Mobile Telecommunications System) solutions, the agreement also includes joint second generation Global System for Mobile Communications (GSM) and General Packet Radio Service (GPRS) solutions. It also calls for Nortel Networks to act as a channel to market for Motorola wireless terminals. "Nortel Networks is an industry leader in developing third generation wireless networks throughout the world," said Peter MacKinnon, vice president and general manager, Applications and Devices, Nortel Networks. "Our relationship with Motorola will allow us to strengthen that leadership by offering complete, end-to-end solutions including Motorola terminals." "Motorola's goal is to provide its existing and future customers with a variety of options as they begin introducing advanced GPRS and 3G solutions into the wireless market," said John Thode, vice president and general manager, 3G handset development, Personal Communications Sector, Motorola. "As a world leading wireless handset manufacturer, and the first to ship GPRS handsets, Motorola expects that through its relationship with Nortel Networks, it will further extend its wireless handset leadership by providing its customers with a variety of integrated solutions tailored to their individual needs." Motorola, Inc. is a global leader in providing integrated communications and embedded electronic solutions. Sales in 2000 were US$37.6 billion. For more information about Motorola, please visit the Web site at www.motorola.com. Nortel Networks is a global Internet and communications leader with capabilities spanning Optical, Wireless, Local, Personal Internet and eBusiness. The Company had 2000 U.S. GAAP revenues of US$30.3 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. Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price and product competition; the dependence on new product development; the impact of rapid technological and market change; the ability of Nortel Networks to make acquisitions and/or integrate the operations and technologies of acquired businesses in an effective manner; general industry and market conditions and growth rates; international growth and global economic conditions, particularly in emerging markets and including interest rate and currency exchange rate fluctuations; the impact of consolidations in the telecommunications industry, the uncertainties of the Internet; stock market volatility; the ability of Nortel Networks to recruit and retain qualified employees; the ability to obtain timely, adequate and reasonably priced component parts from suppliers and internal manufacturing capacity; and the impact of increased provision of customer financing by Nortel Networks. For additional information with respect to certain of these and other factors, see the reports filed by Nortel Networks with the United States Securities and Exchange Commission. Nortel Networks disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Nortel Networks, the Nortel Networks logo and the Globemark are trademarks of Nortel Networks. Motorola, the Stylize M Logo and all other trademarks indicated as such herein are trademarks of Motorola, Inc. CONTACT: Nortel Networks Beatrice Germain, 33 1 39 44 4028 germainb@nortelnetworks.com or Jay Barta, 972/685-2381 jbarta@nortelnetworks.com or Motorola Inc. Sue Frederick, 847/523-6555 sue.frederick@motorola.com URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2001 Business Wire. All rights reserved.