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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: scott maragioglio who wrote (29627)	1/7/1998 9:08:00 PM
From: Maverick	Read Replies (1) \| Respond to of 61433

LUCENT TECHNOLOGIES introduced a digital signal processor (DSP) chip for digital cordless phones, answering machines and Internet appliances that is three times faster than competing DSPs in the same price range. As a result, the company said, the new chip can perform several functions simultaneously that used to require two separate DSPs. For example, a single chip can simultaneously drive a caller ID display, a speakerphone and a digital answering machine, thus reducing by nearly 50 percent the cost of electronics in some multi-function devices. (PR Newswire 10:06 AM ET 01/07/98) For the full text story, see infobeat.com But LU gets clobbered by -3 7/16, odd indeed (No speculation intended) Bay Networks to buy 9 pct of NetSpeak for $37 million Reuters PALO ALTO, Calif. - Bay Networks Inc. said Tuesday it agreed to buy 9 percent of NetSpeak Corp. for more than $37 million, in a move to gain access to technology that enables computer networks to handle telephone conversations. Bay Networks, the third-biggest vendor of computer networking gear, will put NetSpeak's so-called voice-over-IP technology in its line of routers and remote access equipment. IP is the fundamental language of the Internet, the global computer network. By conducting telephone conversations over data networks instead of long-distance telephone systems, companies could save ''tremendous'' amounts of money, Bay Networks said. As part of the agreement, Bay, based in Santa Clara, Calif., will purchase 1.33 million newly issued shares of NetSpeak for about $37.6 million. Bay also will have the right to buy more shares, the companies said. Tuesday afternoon, shares of Bay were down 19 cents to $26.56 on the New York Stock Exchange, while shares of NetSpeak, based in Boca Raton, Fla., slid $1.625 to $25.50 on the Nasdaq. Bay's investment in voice technology follows similar moves by Cisco Systems Inc. its biggest rival. Cisco executives have said they expect the telephone and data networks to merge in the next few years, creating a market for a new class of telecommunication switching and routing devices. Will ASND follow a similar move ? If not, who will it partner with ? (No speculation intended).