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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?


To: saju chacko who wrote (5014)3/31/1998 8:53:00 AM
From: Neil H  Respond to of 6980
 
Saju,

And this is the sort of thing that will move it. From Yahoo:

FASTNET Selects Bay Networks' Versalar Remote Access Solutions

-- Bay Networks supports ISP's network infrastructure for implementing business connectivity
with the Internet --

SANTA CLARA, Calif.--(BUSINESS WIRE)--March 31, 1998-- Bay Networks(R), Inc. (NYSE:BAY - news), today
announced that FASTNET, a leading Communications Service Provider covering Pennsylvania, New Jersey and Delaware,
has selected Bay Networks' Versalar(TM) series 5000-based 5399 carrier-class remote access concentrator for its Internet
and VPN connection requirements, including 56 Kbps transmission. As a data communications company that utilizes the
Internet to connect customers with next-generation communications technology, FASTNET selected Bay Networks'
end-to-end concentrator solution based on its industry-leading performance, ease of configuration and manageability, as well
as its standards-based platform. The implementation plan calls for 1,600 new dial access modem ports to be added to
FASTNET's existing network.

FASTNET's strength as a regional ISP and reputation for superior Internet access have grown over the last three years
through deploying Bay Networks' routing/switching technology. FASTNET was the first ISP to use national-network
multi-homed services to provide Internet connectivity to their customers. This approach has proven to be far more reliable
than classic peering and has helped FASTNET become the tri-states regional leader in Internet enabled products and
services.

Bay Networks will provide the backbone switching technology and connectivity for dial-in users to an entirely
56-kilobit-per-second-modem-compatible network. With support for more than 2,300 simultaneous dial-in users
accommodated in a standard eight foot cabinet, the Versalar 5399 remote access concentrator gives FASTNET the
scalability and port density necessary to provide a high level of service to their regional, national and international
client-base.

''FASTNET's network is predominantly built on time-tested products from Bay Networks,'' explained Dave Van Allen, CEO
of FASTNET. ''Bay Networks offers us an easy-to-use, standards-based platform with high port density. This is hard to find
in one company. They provide a total, end-to-end solution, and are well-positioned to work with us on VPN technology and
future services such as voice or fax over IP. As a result, we have been able to achieve and offer our customers network
access that exceeds 99.999% uptime.''

With support for any current 56K technology in the same chassis, the Versalar 5399 remote access concentrator offers large
telcos and ISPs unmatched flexibility, while also providing high-density access capabilities at a low cost per-port. Based on
DSP modem technology, the Versalar 5399 remote access concentrator is also software upgradeable to support the V.90
protocol, ensuring that users can capitalize on their technology investment.

''FASTNET is a good barometer for us to measure what technology ISPs are requiring for servicing their customers,'' said
Kelly McGovern, vice president of marketing for the Internet/Telecom Business Group at Bay Networks. ''FASTNET goes
right to the cutting-edge in providing performance to their customers. At Bay Networks, we are developing forward
progressing customer-designed network technology based on our relationships with industry-leaders like FASTNET.''

Proven Solutions

The Versalar 5399 remote access concentrator is designed for the Bay Networks Versalar(TM) 5000 access switch. The
Versalar 5399 remote access concentrator module delivers industry-leading dial access density with security, call
management and integrated Digital Signal Processing (BayDSP(TM)) modem technology for service providers and
enterprise customers requiring a fully manageable, high-density access platform. DSP technology is further proof of Bay
Networks' Adaptive Networking strategy, and offers software-based migration to future functionality such as voice or fax
over IP.

The modular design of the Versalar 5399 remote access concentrator enables flexible, high-performance configurations and
consolidates all remote access traffic from dial-in analog and ISDN ports as well as industry-standard WAN and remote
connection types onto a single, integrated module. The solution provides two PRIs or Channelized T1/E1 lines with support
for up to 48 industry standard V.34 33.6 Kbps digital modems for North American networks. Up to 576 digital modems can
be configured in a single 5000 MSX chassis and 2,304 digital modems per standard eight foot carrier class cabinet for North
America.

FASTNET has also deployed Bay Networks' BHC integrated switching platform on the Versalar 5000 access switch, Bay
Networks Optivity(R) management software, and uses Bay Networks' router technology for both internal network IP and
ATM and customer edge solutions.

About FASTNET

FASTNET(TM) is located near Philadelphia, Pennsylvania. As one of the country's first regional Internet providers with a
concentration on business data communications, FASTNET serves some of the world's largest organizations with services
that range from classic Internet access to Virtual Private Networks and beyond.

FASTNET's network infrastructure and coverage spans Pennsylvania, New Jersey and Delaware with multiple high-speed
45Mb (T3) backbones direct to the major Internet carriers such as UUNet and Sprint, with additional T3 connectivity to
MAE-East and the NY-NAP. FASTNET's Intra-region MAN architecture is OC-3 and OC-12 based. Besides classic
business Internet services, FASTNET operates one of the largest personal and business VPN dial-up access systems in the
northeast, and provides outsourcing of remote access services to large corporations, universities and hospitals. FASTNET's
Network Design Group provides data network design and planning, security and equipment provisioning.

FASTNET's client list is comprised of Fortune 500 companies, technological leaders, hospitals, universities and government
agencies, and includes Cellular One, Lucent Technologies and the state of Delaware. For more information, contact
FASTNET at 888-321-FAST, fast.net or send Email to internet@fast.net.

About Bay Networks

Bay Networks - Where Information Flows(TM). Bay Networks, Inc. (NYSE:BAY - news) is a leader in the worldwide
networking market, providing a complete line of products that serve corporate enterprises, service providers and
telecommunications carriers. The company offers frame and ATM switches, routers, shared media, remote and Internet
access solutions, IP services and network management applications, all integrated by Bay Networks' Adaptive Networking
strategy. With headquarters in Santa Clara, California, Bay Networks markets its products and services around the world,
providing 7x24 support coverage. For additional information visit the company's World Wide Web site at
baynetworks.com or call 800-8-BAYNET.

This release, other than historical financial information, may consist of forward-looking statements that involve risks and
uncertainties. These statements may differ materially from actual future events or results. For instance, factors which could
cause results to differ from future events include the rate of adoption of new technology, competitive pricing actions and
marketing programs, among others. Readers are referred to the documents filed by Bay Networks with the S.E.C.,
specifically the most recent reports on forms 10-K and 10-Q, which identify important risk factors which could cause actual
results to differ from those contained in the forward-looking statements.

Bay Networks and Optivity are registered trademarks. Bay Networks Where Information Flows, Versalar and BayDSP are
trademarks of Bay Networks, Inc. Other brand and product names are registered trademarks or trademarks of their respective
holders.

Regards

Neil



To: saju chacko who wrote (5014)3/31/1998 9:19:00 AM
From: rupert1  Read Replies (1) | Respond to of 6980
 
Thread: Evidence that BAY has hurt Cabletron:

__________


Donald Reed Resigns as President,
CEO of Toiling Cabletron Systems
By ROSS KERBER
Staff Reporter of THE WALL STREET JOURNAL

Donald B. Reed resigned his posts as president and chief executive officer of Cabletron Systems Inc., only eight months after being hired to turn around the struggling computer-networking manufacturer.

Mr. Reed will be succeeded in both posts by Cabletron's 43-year-old chairman and cofounder Craig R. Benson, who owns a 13% stake in the Rochester, N.H., company.

According to Mr. Benson, Mr. Reed, who is 53, "realized that my vast industry experience and my executive ability allowed me to execute the strategy much more effectively." Mr. Reed will become a consultant to the company and remains a member of its board of directors.

The move highlights the continuing pressure on Cabletron as its corporate customer base moves rapidly to high-speed switched systems that depend on new types of components. Last week Cabletron announced its first loss ever of $6.3 million before a charge of four cents a share, on revenue of $311.5 million, for its fiscal fourth quarter ended Feb. 28. For the same period a year ago Cabletron earned $72.6 million before charges, or 45 cents a share, on revenue of $380.5 million.

Analysts expect Cabletron to earn about six cents a share in the current quarter. Mr. Benson said in a conference call with reporters and analysts Monday that "it looks like a fair amount of work needs to be done on my part to make those numbers."

The past year has been a time of "tough transition," Mr. Benson said Monday, due to competition from rivals that make these high-speed systems such as Cisco Systems Inc. and Bay Networks Inc. To compete, Mr. Reed helped engineer the $90 million purchase of the majority of closely held Yago Systems Inc. that Cabletron completed in January, in a transaction that gave Cabletron access to that company's high-speed networking products.

Also, last November Cabletron announced it would buy Digital Equipment Corp.'s networking business in an agreement valued at roughly $430 million, providing Cabletron with access to Digital's extensive distribution and reseller network.

But Cabletron must still prove it can take advantage of the strategic agreements. As part of Monday's management shake-up, the company promoted executive vice president John d'Auguste to president of operations, where he will oversee engineering and sales efforts. Also, chief financial officer David J. Kirkpatrick was named executive vice president and will oversee most of the company's manufacturing operations, Mr. Benson said.

Together, the moves are meant to bolster Cabletron's operational abilities, Mr. Benson said. Mr. Reed's appointment last August came as a surprise to many observers because his career as a manager with Nynex Corp.'s regulatory and public-affairs divisions had left him with little technology experience.

Shares in Cabletron fell 37.5 cents to close at $14.875 in New York Stock Exchange composite trading Monday. Cabletron announced the changes after the close of trading.

_______

Victor