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To: Eric Goethals who wrote (28597)11/12/1997 9:45:00 AM
From: MangoBoy  Respond to of 31386
 
[ECI denies PairGain merger talks]

TEL AVIV, Nov 12 (Reuters) - The president of Israel's ECI Telecom on Wednesday denied a report in an Israeli newspaper that the company was in talks to merge with PairGain Technologies of the United States.

"There is no truth to the report," president and chief executive David Rubner told Reuters.

The Ha'aretz newspaper reported that ECI had been talking over the past three months with PairGain about the possibility of a merger or acquisition. If carried out, the deal would be the biggest ever between an Israeli and a foreign company, the report said.

Rubner said that in the past several years the two companies have talked "on and off, not necessarily on merging but on cooperation." But in the past three months the two companies have not held talks, he added.

Rubner said ECI has a special mergers and acquisitions team that is always on the look-out for possible ventures and ECI has engaged in talks with many companies, including competitors.

ECI has a market valuation of just over $2.0 billion while PairGain is traded at a value of $1.8 billion.

In late July, PairGain shares jumped on market talk that Lucent Technologies (NYSE:LU) was preparing to buy the company. At the time options traders also cited ECI as a possible suitor for PairGain.

Both companies make telecommunications equipment.

Rubner also denied recent reports that ECI would merge with its Israel's Tadiran Telecommunications (NASDAQ:TTELF), a unit of Tadiran Ltd (TEL:TAD)(NYSE:TAD). Those reports emerged after Claridge Israel, an investment vehicle for Canadian businessman Charles Bronfman, acquired control of Koor Industries (TEL:KOR).

Koor is the parent of Tadiran while Claridge owns 10 percent of ECI.



To: Eric Goethals who wrote (28597)11/12/1997 9:49:00 AM
From: MangoBoy  Read Replies (1) | Respond to of 31386
 
[Advanced Fibre Communications and 3COM Begin Field Trials Delivering ADSL Service]

PETALUMA, Calif., Nov. 12 /PRNewswire/ -- Advanced Fibre Communications(R), Inc. (NASDAQ:AFCI) and 3Com(R) (NASDAQ:COMS) announced today they have begun field trials delivering ADSL service using AFC's flagship product, the UMC 1000(R) 3rd Generation Digital Loop Carrier(TM).

The 3GDLC(TM) features 6.2 Gbps bandwidth and can deliver cost-effective xDSL service over copper, fiber, coax and radio transport media.

The AFC/3Com integrated end-to-end solution using the UMC 1000 3GDLC(TM) marks the first deployment of 3Com's VIPER-DSL(TM) with any Digital Loop Carrier platform. The VIPER-DSL(R) is a multi-user modem that supports work groups on an Ethernet LAN.

The field trials are a result of the strategic alliance between AFC and 3Com announced earlier in the year at Supercomm '97. The joint development between the two companies will leverage both of their expertise in local loop access and customer premise equipment to continue to deliver integrated end-to-end xDSL solutions.

"The trials confirm AFC's commitment to providing an integrated full-service Digital Loop Carrier platform," says James Hoeck, vice president of advanced development, and co-founder of AFC. "As the demand for ADSL and other high-speed data services continues to explode, the 3GDLC(TM), unrivaled in its flexibility, will continue to support the advanced services of the future simply by installing a plug-in card in the Channel Bank Assembly."

"With VIPER-DSL routers and jointly developed UMC 1000 DSL cards, AFC customers will be able to offer high-speed ADSL service using two industry leading platforms," said Mark Huntzinger, 3Com's director of DSL Product Management. "This combination gives service providers great flexibility in provisioning high-speed ADSL services, especially in remote locations, and lets end-users choose standards-based ADSL modems from 3Com, the modem leader.

Asynchronous Digital Subscriber Line (ADSL) is an emerging telephony service that provides up to 8 Mbps data access, delivering 150 times the speed of today's 56 Kbps analog modems. ADSL service uses standard telephone lines, allowing telephone companies to deliver high-speed data access with little infrastructure retooling.

About AFC

AFC is a leading manufacturer of telecommunications systems for the "local loop" between telephone service users and public telephone networks worldwide.

AFC has pioneered a single platform that supports any network, any transport, and any service. AFC's flagship product the UMC 1000(R) 3rd Generation Digital Loop Carrier(TM), provides any service from POTS to xDSL over copper, fiber, HDSL, coax and radio transport media. Additional information about AFC can be found on the Internet at fibre.com.

About 3Com

3Com enables individuals and organizations worldwide to communicate and share information and resources at anytime from anywhere. As one of the world's preeminent supplier of data, voice and video communications technology, 3Com has delivered networking solutions to more than 100 million customers worldwide. With global reach and local touch, the company gives enterprises, network service providers, carriers, small businesses and consumers comprehensive, innovative information access products and system solutions for building intelligent, reliable and high-performance local and wide area networks. 3Com has worldwide revenues of more than $6.0 billion and employs approximately 13,200 people in 45 countries. For further information, visit 3Com's World Wide Web site at 3com.com.

NOTE: Third Generation Digital Loop Carrier, 3rd Generation Digital Loop Carrier, and 3GDLC are trademarks, and Advanced Fibre Communications, AFC, the AFC logo, Universal Modular Carrier, and UMC 1000 are registered trademarks of Advanced Fibre Communications, Inc.

3Com is a registered trademark and VIPER-DSL is a trademark of 3Com or its subsidiaries.

SOURCE Advanced Fibre Communications, Inc.
-0- 11/12/97
/CONTACT: Christine Corlett of Advanced Fibre Communications, Inc., 707-794-7651, or christine.corlett@fibre.com; or Brian D. Johnson of 3Com, 408-326-1962, or brian_d_johnson@3Com.com; or Ben Merritt of Merritt Group, Inc., 703-435-6000, or merritt@merrittgrp.com/
/Web site: fibre.com and 3com.com