Ascend corrects and replaces previous announcement of major milestone
[Please enlighten me what is correct here ?]
Ascend Communications corrects and replaces previous announcement of major milestone: Ships 50,000th MAX, issued May 6
Business Wire - May 07, 1998 18:57
NOTE: The following news release replaces and corrects the previous Ascend
Communications news release, which ran earlier Wednesday on Business Wire,
BW0035-5/6 (ASCEND-COMMUNICATIONS).
ALAMEDA, Calif.--(BUSINESS WIRE)--May 7, 1998--Ascend Communications Inc.
(NASDAQ:ASND), the leading provider of wide area network (WAN) solutions for
network service providers, today announced that it has shipped its 50,000th MAX.
Enabling millions of users to log on to the Internet, the MAX line of WAN Access
Switches has achieved a significant milestone that marks Ascend's history of providing
more than four million access ports to Network Service Providers and enterprise
customers around the world.
"We are very excited to have reached this important milestone," said Mory Ejabat, CEO of
Ascend. "We designed the MAX platform to support the dynamic connectivity
requirements of high-volume Internet access and corporate remote access. As the product
line has expanded, we have continued to deliver the robust functionality and range of
access technologies that service providers, as well as corporate customers need to be
successful. Our 50,000th shipped MAX represents a continued commitment to our
customers, and validates our established market leadership."
Market Leading Product Satisfies Key Customer Needs
Ascend is the market leader in WAN Access Switches, with over 40 percent of the analog
ports deployed worldwide, according to market research firm Dell'Oro Group. Ascend's
MAX and MAX TNT products enable enterprise customers and service providers to
deploy remote access and Internet dial-up access, as well as providing a wide range of
additional features through Ascend's recently-announced True Access(tm) Operating
System.
"The MAX product line has continually proven its worth as a mission-critical element of our
service infrastructure," said Rob Welsh, director of engineering of dial-up services at GTE
Internetworking. "As Ascend raises the bar in functionality and scalability, we have been
able to leverage that innovation to provide our customers with new service offerings."
The MAX and MAX TNT have maintained industry leadership by satisfying the needs of
leading Internet Service Providers (ISPs), traditional and competitive carriers, and
corporate customers worldwide. Ascend's MAX products provide reliable and scalable
infrastructure to an ever expanding and integrating telecom/data industry. With ISP clients
that include PSInet, GTE Internetworking, and UUNET, Ascend provides the majority of
all backend Internet infrastructure. In addition, leading carriers and Competitive Local
Exchange Carriers (CLECs), including XCOM and Teleport, and major corporations such
as Hewlett-Packard, Kinko's, Nintendo of American and others utilize MAX products for
their networking solutions. Internationally, MAX switches are used by many of the Postal
Telegraph and Telephone (PTT) agencies and well-known ISPs in Europe, Asia-Pacific
and South America.
Ascend's Best of Breed Solutions
The MAX and MAX/TNT are critical components of Ascend's "best-of-breed" solution
set for service providers. As a stand-out in the data networking industry, Ascend provides
a complete set of solutions, including enterprise connectivity, service provider access, and
core systems, as well as technologies and solutions that provide end-to-end
quality-of-service (QoS), security, and network management. This "best of breed"
capability allows service providers to build and manage revenue-generating services over
existing and new infrastructures.
About Ascend Communications
Ascend Communications Inc. develops, manufactures, sells and services wide area
networking solutions for telecommunications carriers, Internet service providers and
corporate customers worldwide.
Press and Industry analysts, please contact Meredith Valt, Alexander Communications
415/923-1660, mvalt@alexandercom.com; Investors and financial analysts, please contact
Kristina Graziano, 510/747-2345, kristina.graziano@ascend.com for all other inquiries
please call toll-free: 800/ASCEND4.
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.
The foregoing statements may contain forward-looking statements that are based on
current expectations and involve risks and uncertainties. Actual results could differ
materially from these expectations as a result of factors including, but not limited to, the
Company's success in developing, introducing or shipping new products, competition, the
mix of distribution channels employed, the Company's dependence on single or limited
source suppliers for certain components used in its products, risks inherent in international
sales, seasonality and general economic conditions. These and other factors are discussed
in Ascend's 10-K, 10-Q and other filings made periodically with the Securities and
Exchange Commission. |
