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Technology Stocks : EMC How high can it go? -- Ignore unavailable to you. Want to Upgrade?

To: John Carragher who wrote (12636)	5/15/2001 8:30:30 AM
From: JakeStraw	Read Replies (1) \| Respond to of 17183

Nortel Networks and EMC Align to Deliver Optically-Networked Storage Solutions biz.yahoo.com Leaders To Extend Benefits of Storage Solutions Across Metro, Wide Area Networks for Enterprises, Service Providers BOSTON--(BUSINESS WIRE)--May 15, 2001-- Nortel Networks (NYSE:NT - news; TSE:NT. - news), the global leader in optical networking, and EMC Corporation, the world leader in information storage, today announced they have formed an alliance to provide best-in-class, optically-networked storage solutions. These solutions, designed to extend the benefits of mission critical storage networking over campus, metro and wide area systems, can yield cost savings and improved efficiencies for enterprises and enable new service opportunities for service providers. As part of the alliance, Nortel Networks and EMC are collaborating on development, testing, and marketing of open, standards-based solutions that will be focused on breaking through technological barriers associated with connectivity and extend the reach of storage networks. These solutions will be based on Nortel Networks leading OPTera Metro multiservice platform and EMC's market-leading information storage systems and software. ``The focus on highly-integrated, optically-networked storage solutions will position large enterprises to easily and cost-effectively deploy storage solutions over campus, metro and wide area networks, and will enable service providers to introduce new services to address the exploding demand for remote information storage,'' said William P. Hurley, program manager, E-Networks & Broadband Access, the Yankee Group in Boston, MA. ``Nortel Networks and EMC are leveraging their leadership positions in high reliability optical networks and information management capabilities to create optically-networked storage solutions today.'' ``Our alliance with EMC is a key step for Nortel Networks to bring the value of storage to metropolitan areas and beyond,'' said Brian McFadden, president, Metro Optical Networks, Nortel Networks. ``These integrated solutions will be designed to enable the consolidation of storage facilities in the metro and wide area networks, providing greater efficiencies, lower costs, and improve users access to information. For service providers, these solutions will offer additional revenue opportunities and competitive differentiation through managed information storage solutions, hosted CRM (customer relationship management) and other managed services and applications.'' EMC and Nortel Networks have tested Nortel Networks CRM applications with an optically-networked storage infrastructure as an example of an application that can realize significant benefits from the combined technologies. ``By creating an optically-enabled network that supports fast and reliable delivery of information, we will be giving customers the tools to deploy new revenue-generating applications, while reducing operational costs. These solutions are qualified and tested, and can be deployed today,'' said Bill Nelson, senior vice president, Content and Information Center Markets, EMC. ``Both companies are committed to providing joint customer support to provide a single-point of contact that allows customers to tailor storage solutions to meet their specific business objectives.'' The alliance also includes collaboration on marketing initiatives, including a joint presentation at the upcoming executive seminar series ``Information at the Speed of Light,'' to highlight next-generation, optically-enabled, storage networking solutions. This seven-city seminar tour is scheduled to commence May 30, 2001 and will take place throughout North America. To learn more about the seminar events, visit nortel-emc.com.