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Technology Stocks : DSC Communications -- Ignore unavailable to you. Want to Upgrade?

To: Paul Lee who wrote (3162)	11/18/1997 1:44:00 PM
From: Mike Mansour	Read Replies (1) \| Respond to of 4429

It's too bad they don't try to improve their margins with the same fervor they protect their technology! I guess a win is a win though.

To: Paul Lee who wrote (3162)	11/18/1997 6:55:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 4429

Headline: DSC Communications signs on at Riata ====================================================================== DSC Communications has leased 70,000 square feet of office space under construction in Riata Corporate Park in Northwest Austin. Telecommunications manufacturer DSC is the second tenant announced at the 50-acre Riata project, which CarrAmerica Realty Corp. is developing east of Research Boulevard. The move to 12331 Riata Trace Parkway will consolidate DSC space at 11009 Metric Blvd. and at 12501 Research Blvd., says Julie Williams, public relations manager at the DSC headquarters in Plano. DSC occupies 26,000 square feet on Metric Boulevard and 31,000 square feet on the former Texas Instruments campus known as Research Park on Research Boulevard. "This consolidation is going to be a space increase, which is much-needed for our software engineers, but also an efficiency increase because we won't be dispersed to two locations," Williams says. "{Riata} offered the facilities and the environment we needed for our software and development engineers." DSC is one of the world's largest independent manufacturers of telecommunications equipment, with 6,600 employees and development operations in the United States, Puerto Rico, Denmark, England, India, Costa Rica and Ireland. The Austin branch performs research and development work in telecommunications network equipment, concentrating on digital switching and voice recognition technology. Local employees number about 70 on Metric Boulevard and about 100 in Research Park. Williams says the space on Metric Boulevard is overflowing. Tom Karst, DSC's senior manager for corporate real estate, says the company selected Riata because the space will be available as one of DSC's existing leases ends, and the move will place the company's consolidated operations in the emerging high tech corridor along Research Boulevard, "which is really where we wanted to be," Karst says. Riata's modern building design is geared toward high-energy users, Karst says, and is more efficient than much of Austin's existing office stock. The space configurations and infrastructure there will enable DSC to expand with both new people and new technology in the coming years, he says. DSC signed a 10-year lease and secured an option to take the remaining 26,000 square feet in its building. It will share a complex with NetSolve Inc., a networking services provider and the first tenant announced at Riata. NetSolve signed a lease in October for 70,000 square feet and has a similar option for the rest of its 96,000-square-foot building. Both buildings are under construction. Riata is planned as nine low-rise buildings linked by a telecommunications infrastructure. The buildings would total approximately 750,000 square feet of leasable space when completed. Site preparations have begun for four more buildings, two measuring 96,000 square feet each and two offering 66,000 square feet each. CarrAmerica officials say the Riata strategy is to provide buildings designed in answer to market research, providing expandable space and amenities Austin companies, primarily high tech companies, demand. Ken Kieley, chief financial officer at NetSolve, said after the company signed its lease in October that Riata's buildings are well-suited to high tech companies. Attractive features include the flexibility offered by large bays and the professional but economical image the buildings project. Jeff Pace, vice president and market officer of CarrAmerica in Austin, says the building program at Riata is part of a larger initiative to offer space and lease-term combinations. He says CarrAmerica's recent acquisition of the Omni Offices' office suites portfolio plays into that plan. "Our goal is to expand our customer offering so that we're able to provide our customers with office space for an hour or a month, or a year, or 15 years," Pace says. "That's how we can differentiate ourselves from our competitors." Riata Corporate Office Park is across the street from the 122-acre Riata apartment development that will provide more than 1,800 residential units when completed. CarrAmerica purchased the land for its project from Riata Development LLC, a partnership of Matt Mathias and Blue Star Land-Austin that is developing the residential side of Riata. Spencer Hayes and Mark Greiner of Oxford Commercial Inc. are marketing Riata's office space for CarrAmerica.