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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Scrapps who wrote (12645)	2/10/1998 6:09:00 PM
From: Moonray	Respond to of 22053

Cisco Systems Accelerates Shipping of Gigabit Ethernet Products San Jose, California, Feb. 10 (Bloomberg) -- Cisco Systems Inc. said it began shipping its newest high-speed computer- networking equipment, ahead of a standard for the technology, as several of its rivals have unveiled similar products. Cisco's news comes one week after Chief Executive John Chambers acknowledged that the company is late with its rollout of the so-called gigabit Ethernet switches, and just days after a technical snag delayed the standard for at least three months. Gigabit Ethernet products transfer data on computer networks 10 times faster than existing switches for a fraction of the cost. The No. 1 networking company previously said it would wait to ship the products until after the standard was adopted, even as competitors 3Com Corp., Bay Networks Inc. and Cabletron Systems Inc. moved to ship gigabit switches. Cisco said it changed direction as customers began to ask for the products. ''They've got to have some products out there or they are going to lose business,'' said William Becklean, an analyst with Tucker Anthony Inc., who has a ''buy'' rating on Cisco. Cisco, which controls 80 percent of the market for high-cost networking routers, is facing pressure as its competitors introduce new switches that combine the intelligence of routers with the speed of switches, Becklean said. Burgeoning Market Industry analysts expect the market for gigabit Ethernet products to take off in late 1998 or 1999 and increase to about $1 billion, or 5 percent of the networking-products market, by 2000. The standard for gigabit Ethernet, which was expected to be ratified next month by the Institute of Electrical and Electronics Engineers, now will be adopted no earlier than June. Cisco ''is committed to the (gigabit) standard,'' and its new products will be compatible with standards-based products when they become available, said Jayshree Ullal, vice president of the company's enterprise business unit. Customers may have to purchase a converter interface for about $500, though, if there are extensive technical changes to the final standard, she said. Bay and 3Com have guaranteed that they will support the standard and replace equipment for free if there are changes. In its new products, Cisco combines in-house technology with technology the company acquired when it bought startup Granite Systems in 1996. That technology is needed to process data moving at gigabit speeds. o~~~ O

To: Scrapps who wrote (12645)	2/10/1998 6:29:00 PM
From: Moonray	Read Replies (1) \| Respond to of 22053

More: 3Com to Sell as Much as $100 Mln in Switches to USA Global Link Santa Clara, California, Feb. 10 (Bloomberg) -- 3Com Corp. has signed a letter of intent to sell at least $100 million in computer networking equipment to USA Global Link Inc., the largest provider of international discount long-distance service. The agreement calls for 3Com, the No. 2 networking company, to supply USA Global with 500 of its remote access concentrators over a three-year period. The concentrators are used to route incoming voice and data calls. 3Com and competitors like Cisco Systems Inc. and Ascend Communications Inc. are aggressively pursuing business with telephone and Internet service providers, which are expected to spend more than $7 billion on networking equipment in 1998, 30 percent more than in 1997. ''This is a growth opportunity (the networking companies) are not going to overlook,'' said Esmerelda Silva, an analyst with International Data Corp. If USA Global buys all the equipment in the agreement, the contract will be one of the most lucrative for 3Com in the carrier market, said Ross Manire, vice president for 3Com's carrier business unit. 3Com had revenue of $5.75 billion in 1997. USA Global will use the switches in its network in the U.S. and overseas, with the first ones being deployed in New York and Ireland, company officials said. 3Com shares rose 1/4 to 32 5/8. Either Bloomberg screwed-up on the amount or $100 million is the initial amount. The 3COM site is sticking with $1.2 Billion: usagl.com o~~~ O