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To: David Lawrence who wrote (16046)	6/15/1998 8:58:00 AM
From: Moonray	Respond to of 22053

JP Systems Announces One-Touch Communicator, a Personal Communication Solution Exclusively for the Palm Computing Platform 08:06 a.m. Jun 15, 1998 Eastern Product is Truly Universal in Its Application, Enabling Users to Connect From Anywhere, At Any Time NEW YORK--(BUSINESS WIRE)--June 15, 1998-- Today, at PC EXPO, JP Systems Inc. announced the release of a breakthrough personalized communications package for the Palm Computing(R) platform, One-Touch Communicator(TM). guide-p.infoseek.com o~~~ O

To: David Lawrence who wrote (16046)	6/15/1998 12:44:00 PM
From: Moonray	Respond to of 22053

More: Nortel to buy Bay Networks for $9.1 billion Associated Press - Posted at 9:13 a.m. PDT Monday, June 15, 1998 TORONTO -- Canadian telecommunications giant Northern Telecom Ltd. is acquiring California-based Bay Networks in a deal worth $9.1 billion. The deal, one of the biggest in North America's telecommunications industry, will create a company designed to deliver revamped Internet network systems around the world. John Roth, president and chief executive of Northern Telcom, will remain chief executive of the new company, according to Monday's announcement by the companies. Dave House, chairman, chief executive and president of Bay Networks, will become president of Nortel. Once the merger is complete, Bay Networks will operate as a wholly owned subsidiary of Nortel. Bay Networks shareholders will get 0.6 Nortel common shares for every share of the acquired company they hold, which Nortel said represents $38.21 per Bay share. ''The Web has changed everything,'' House said. ''The public network is moving rapidly from voice to data. A new class of company must emerge to meet the demand for (Internet) technology and networking expertise.'' Nortel, controlled by Bell Canada parent BCE Inc., is Canada's largest telecommunications company with 73,000 employees around the world and revenues of about $15 billion last year. Bay Networks, based in Santa Clara, Calif., is a leader in the worldwide networking market, serving corporations, service providers and telecommunications carriers. Roth told Nortel's annual meeting in April that huge growth is straining the resources of the global computer network and Nortel wants to cash in on the booming demand for secure systems. Nortel has been on an acquisition binge and is shifting money and workers into Internet projects, including its so-called Webtone system, which is promoted as providing reliable, high-speed, secure multimedia access to the Internet. Already this year Nortel has paid $716 million to acquire two companies -- Broadband Networks Inc. of Winnipeg, Canada, and Aptis Communications Inc. of Boston -- that will help it develop Webtone. About 3,000 of Nortel's 18,000 research workers are working on improving Internet networks. o~~~ O