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

To: pat mudge who wrote (47576)	5/27/1998 4:42:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 61433

Pat, This was the press release from last week. It doesn't mention xDSL. Regards, Mark Nortel (Northern Telecom) Expects Approximately $US 1.5 Billion From Network Conversion Contract With SBC Communications PR Newswire - May 20, 1998 07:16 NTL. NT %TLS %CON V%PRN P%PRN ------------------------------------------------------------------------ RESEARCH TRIANGLE PARK, NC, May 20 /PRNewswire/ - Nortel (Northern Telecom) announced today that it has signed a contract to deliver leading-edge network products to SBC Communications Inc. As part of the second quarter deal, SBC has awarded Nortel a five-year contract with an expected worth in excess of $US 1.5 billion that covers Nortel's industry leading DMS-100 digital switching equipment, hardware and software upgrades and product conversion services for the company's seven-state region. ''We are very pleased to foster such a strategic relationship with SBC to develop its network and deliver new services to customers,'' said Clarence J. Chandran, president, Public Carrier Networks, Nortel. ''With the delivery of our service-ready networks, service providers are able to easily forecast their network needs and deliver services when their customers want them.'' The network conversion positions SBC to continue to implement and deliver new technologies to serve customers in the future. Nortel works with customers in more than 150 countries and territories to design, build and integrate their communications products and advanced digital networks. Nortel had 1997 revenues of $US 15.5 billion and has approximately 73,000 employees worldwide. %SEDAR: 00000596E SOURCE Northern Telecom Limited /CONTACT: Peter Janecek, Nortel, (905) 863-6251, peter.janecek(at)nortel.com, Pager: (416) 378-8176; Candace Inscoe, Nortel, (919) 992-0810, candace_inscoe(at)nortel.com, Or visit Nortel's web-site at www.nortel.com/ /Nortel's press releases are also available through CNO-Call by fax at 800-758-5804, ext. 122158 or at prnewswire.com /Web Site: nortel.com