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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (3584)	3/10/1998 5:04:00 PM
From: Claude Robitaille	Respond to of 18016

Affiliates create video powerhouse Newbridge Networks Corporation NNC Shares issued 173,670,862 Mar 9 close $33.20 Tue 10 Mar 98 News Release Mr Eli Fathi reports The board of directors of Telexis Corporation and Televitesse Systems, two Newbridge affiliates, approved a letter of intent for merging the businesses of the two companies. In a move to combine the respective leading edge technologies in video solutions and telecommunications, Telexis will lever the combined research and development efforts to deliver multimedia server products and applications to the carrier and enterprise markets. This video force will be uniquely positioned to meet the burgeoning demand for faster, more cost-effective and higher quality multimedia communications. The advent of streaming video technologies and their integration with traditional, Internet-based services such as E-commerce, requires a flexible media delivery platform. This new platform will enable companies to build services and communicate with customers in a dramatically more flexible way, with freedom from single-vendor dependence. The strength of the video team enables the company to capitalize on these technological and market trends to deliver superior multimedia platforms that are standards compliant and platform independent. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com