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

To: pat mudge who wrote (3788)	3/19/1998 10:55:00 AM
From: Claude Robitaille	Respond to of 18016

Distribution agreement with Mitsubishi Newbridge Networks Corporation NNC Shares issued 173,670,862 Mar 18 close $40.85 Thu 19 Mar 98 News Release Ms Sarah Miller reports TimeStep, an affiliate of Newbridge Networks, has entered into a agreement today with Mitsubishi Corp, one of Japan's leading general trading companies. Under the terms of the agreement, Mitsubishi will carry TimeStep's award-winning PERMIT Enterprise product family through its extensive Japanese distribution channels. This relationship will extend TimeStep's reach into the Japanese market where Mitsubishi is a shaping force in many industries. Mitsubishi and TimeStep will focus on selling TimeStep's secure VPN product line to key market segments in Japan such as telephone companies, Internet service providers, financial institutions, and to many of the internal subsidiaries of Mitsubishi. PERMIT Enterprise is an Internet Protocol Security compliant secure VPN solution for corporate intranets, extranets, and Internet remote access. Designed for large-scale business communications, PERMIT Enterprise supports unlimited nodes through its scaleable public key infrastructure (PKI). Easily and transparently deployed into existing networks, PERMIT Enterprise's group-based policy management enables corporations to create and manage multiple secure VPNs. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com