Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications-News Only!!! (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Hope who wrote (1381)	4/15/1998 10:33:00 AM
From: Hope	Read Replies (1) \| Respond to of 1629

Lci International To Expand Data Network With Ascend Company to purchase Ascend Frame Relay and ATM technology MCLEAN, Va.--(BUSINESS WIRE)--April 15, 1998-- LCI International (NYSE:LCI - news), one of the nation's leading providers of telecommunications services to large and national account customers, announced today that as part of the company's previously stated network expansion plans it has signed an agreement to purchase Frame Relay and ATM (asynchronous transfer mode) switching equipment from Ascend Communications, Inc., (NASDAQ:ASND - news). LCI executives said the company will be adding close to 40 Ascend carrier-class B-STDX 9000 Multiservice Frame Relay and CBX 500 Multiservice ATM switches to its nationwide backbone, which will significantly enhance the company's domestic and international data service offerings. ''LCI's sales of frame relay services have almost tripled since the beginning of this year, which reflects not only the company's success in the marketplace, but the overall trend in the data services industry. Consistent with LCI's 1998 strategic business plan, the company is placing a greater emphasis on data services and making investments in new technologies,'' said Lawrence J. Bouman, LCI's senior vice president of engineering, operations and technology. ''The selection of Ascend equipment provides LCI with additional resources to support the company's current growth, in addition to providing us with an enhanced platform for future frame relay and ATM services -- including switched virtual circuits and expanded Web-based network management and reporting tools for LCI's frame relay service.'' LCI is a facilities-based provider of telecommunications services with a coast-to-coast fiber-optic network. The company offers business customers a comprehensive suite of data services including Internet, private-line and international frame relay. LCI's FramePlus(sm) frame relay service connects to more international locations than any LCI International other major U.S. provider and offers a customizable Web-based monitoring tool to help customers efficiently manage their network resources. LCI will be deploying the new switches in major business markets throughout the U.S. and expects to complete the project by the end of the third quarter of this year. Officials also said the company intends to make additional enhancements to the LCI data platform throughout 1998. ''We are very pleased to be working with LCI on this project,'' said Dan Smith, Executive Vice President and General Manager, Core Systems Division, Ascend Communications, Inc. ''By adding the B-STDX 9000 and CBX 500 switches, LCI is poised and ready to meet the growing needs of the data services marketplace.'' LCI International, Inc. (NYSE:LCI - news), one of the nation's fastest growing telecommunications carriers, provides a full array of worldwide voice and data transmission services to businesses, residential customers and other carriers through its 4,500-mile fiber-optic network which is planned to be 8,500 miles by the end of the year. The company also currently provides local telephone service to commercial customers in more than 40 U.S. markets. LCI International, Inc. is headquartered in McLean, Va., with offices in more than 60 locations, including national network control and customer service centers, and regional operations in various locations throughout the United States. To obtain copies of other recent LCI announcements, please contact our fax service at 1-800-758-5804 (id no. 520213) or visit LCI International's Web site (http://www.lci.com), which also provides additional corporate information. Ascend Communications, Inc. develops, manufactures, sells and services wide area networking solutions for telecommunications carriers, Internet service providers and corporate customers worldwide. For more information about Ascend and its products, please visit the Ascend web site at www.ascend.com, or send e-mail to info@ascend.com. Ascend is headquartered at One Ascend Plaza, 1701 Harbor Bay Parkway, Alameda, Calif. 94502; phone is 800/ASCEND4 and fax is 510-814-2300. Contact: LCI Corporate News Bureau, 888-524-7168 or Ascend Communications, Inc. Lucia F. Graziano, 978-952-1291