To: blankmind who wrote (38458 ) 3/10/1998 6:04:00 PM From: Glenn D. Rudolph Respond to of 61433
Cisco's Acquisition of NetSpeed to Complement U S WEST PR Newswire - March 10, 1998 16:13 USW CSCO %TLS %TNM V%PRN P%PRN !NTERPRISE Networking's National Data and DSL Rollout DENVER, March 10 /PRNewswire/ -- U S WEST !NTERPRISE (NYSE: USW) Networking today applauded Cisco Systems' (Nasdaq: CSCO) announcement that it has signed a definitive agreement to acquire NetSpeed, Inc., noting that the acquisition will enable U S WEST to further strengthen its national data strategy by allowing it to jointly develop IP-centric applications and increase its DSL service's speed to market. In January 1998, U S WEST announced its strategic partnership with Cisco to provide advanced ATM switching and other capabilities to power U S WEST's next-generation national data network. U S WEST also announced in January that it would use NetSpeed central office and modem equipment as part of its MegaBit Services ADSL offering in more than 40 cities throughout its 14-state region (view the release on-line atuswest.com . "Cisco's plan to acquire NetSpeed will enable U S WEST to accelerate the deployment of DSL services," said Joe Zell, president, U S WEST !NTERPRISE Networking. "Clearly, NetSpeed will benefit from having a company with the manufacturing and operational strength of Cisco behind it, which in turn will help it to meet the enormous demand we are anticipating from our MegaBit DSL service." As part of its previously announced strategic relationship, Cisco and U S WEST will also jointly develop new network-enabled services such as Internet Protocol (IP) telephony, fax and multimedia applications for a range of national business customers. Now, Cisco will be able to offer a complete end- to-end DSL solution to connect customers to these applications on U S WEST's national network at speeds up to 7 Mbps. "As strategic partners, U S WEST and Cisco have worked together on many fronts to bring advanced services to market," said Kevin Kennedy, vice president and general manager of Cisco's Network-to-User business unit. "Our acquisition of NetSpeed and further entry into the DSL market will enable us to work even closer with U S WEST." About U S WEST !NTERPRISE Networking !NTERPRISE(TM) Networking Services from U S WEST(R) was created in 1992 to address the advanced data networking needs of its customers. The !NTERPRISE family of high-speed data communications services includes Frame Relay Service (both Metropolitan Area Networks and InterLATA out-of-region); Asynchronous Transfer Mode (ATM) Service; Transparent LAN Service (TLS(TM)); Private Line LAN Interconnect; the newly announced MegaBit Services portfolio based on DSL technology; Managed Data Services (MDS); Integrated Services Digital Network (ISDN); and !NTERACT(TM), the Internet-based portfolio of networking services designed to facilitate business Intranets via services such as: Internet access, Web hosting, collaborative computing, and electronic commerce. SOURCE U S WEST /CONTACT: Jennifer Jones of US WEST !NTERPRISE Networking, 303-965-3706, jjjones@uswest.com/ /Web site: uswest.com (USW CSCO)