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To: Bruce Brown who wrote (53206)	5/20/2001 9:58:27 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 77399

No problem Bruce, Here it is. March 7, 2001 Nortel Networks Grabs Lead in Fast-Growing Service Provider WAN Switching Market Q4 2000 Analyst Reports Indicate Nortel Networks Leads Overall Global Market as Well BOSTON – Nortel Networks* [NYSE/TSE: NT] achieved the #1 position in global WAN (wide area networking) switching – including the top spot in the fast-growing service provider segment – for the fourth quarter of 2000, according to recent reports from Cahners In-Stat, Synergy Research Group and the Dell’Oro Group. Nortel Networks Passport* multiservice WAN switches led in all categories tracked by Cahners In-Stat, including multiservice, ATM (asynchronous transfer mode) and frame relay for service providers and enterprises. “Nortel Networks Passport sales were extremely impressive, particularly in multiservice WAN switching for service providers, the fastest growing segment of the market,” said Henry Goldberg, senior analyst, Cahners In-Stat Group. “Nortel Networks led this segment with a 30 percent share in the fourth quarter.” “Multiservice WAN switches are enabling the proliferation of next generation services such as IP (Internet Protocol), wireless and packetized voice,” said Emmy Johnson, principal analyst, Synergy Research Group. “They will play a key role in the build-out of infrastructure solutions for service providers in the coming years. Through its Passport solutions, Nortel Networks is taking advantage of this trend.” The versatility, reliability and scalability of Nortel Networks Passport portfolio enable service providers to invest in a single packet infrastructure, and to pursue new, revenue-generating opportunities beyond traditional data services. Continuing to evolve with market needs, Passport is redefining traditional multiservice networking with new technologies like multi-protocol label switching (MPLS). “Passport’s solutions focus presents a winning value proposition to our customers, offering the ability to extend the core attributes of a traditional multiservice switch and provide wireless, voice and access solutions to customer networks worldwide,” said Marco Pagani, Passport portfolio chair, Nortel Networks. Passport switches offer industry-leading port densities and carrier-grade reliability in addition to multiservice capabilities. Nortel Networks Passport multiservice WAN switch portfolio includes the Passport 15000, Passport 7400 and Passport 6400 series. 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, the Globemark and Passport are trademarks of Nortel Networks. nortelnetworks.com