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

To: Ling Chen who wrote (6664)	6/18/1998 1:37:00 PM
From: scott	Read Replies (1) \| Respond to of 6980

Somebody care to explain this one??? NT and CS??? after the Bay merger??? <<<<Thursday June 18, 10:34 am Eastern Time Company Press Release SOURCE: Northern Telecom Limited Nortel (Northern Telecom) and Cabletron Systems Continue to Leverage Their Strategic Relationship to Provide World-Class Integrated Voice and Data Solutions Recently announced product developments solidify the ongoing relationship DALLAS, June 18 /PRNewswire/ - Nortel (Northern Telecom) (NYSE: NT - news), and Cabletron (NYSE: CS - news) today confirmed that they will continue to work together to integrate their voice and data technologies to provide advanced business solutions, such as the recently announced Nortel Norstar Integrated Data Module 200 and the Nortel Integrated Network Management (INM) Broadband. ''At Nortel, we have and will always be committed to developing and integrating the leading-edge technology necessary to provide our customers simple, secure, reliable and cost-effective Power Networks for voice and data,'' said Jim Long, president, Enterprise Networks, Nortel. ''As an essential part of delivering on that promise, we will continue to work with Cabletron to offer our customers joint solutions whenever their networking needs call for it.'' ''In today's competitive information-based economy, customers need real-world solutions for integrated voice and data,'' said Craig Benson, president and CEO, Cabletron Systems. ''Together with Nortel, we are jointly developing integrated solutions like the Norstar IDM 200 and we are providing the SPECTRUM Enterprise Management platform for several products, including the Broadband INM solution. These deliver solid business benefits for our customers and enhance their profitability and competitiveness.'' Jointly developed as a solution for giving smaller site, multi-site or branch office businesses a first-of-its-kind solution for streamlined, cost-effective integrated networking, the Norstar IDM 200 integrates with an existing Norstar Modular ICS key system unit (KSU) to consolidate the functionality of a multiplexer, router and LAN hub into a single system with minimal hardware requirements. The solution enables affordable LAN-to-WAN access by supporting voice calls and data traffic over a single T-1 telephone line. This jointly developed solution enables the smaller site to realize the full potential of integrated networking, with minimal costs in hardware and network access. Through this solution, Nortel and Cabletron bring the power of the network to a much broader population. Service providers operating a network comprised of both IP Data and Optical equipment are now able to manage their network with a system based on Nortel's successful Integrated Network Management (INM) Broadband solution. The first enterprise management system that Nortel selected to integrate with INM Broadband is the Cabletron Systems' SPECTRUM(tm) Enterprise Manager. Nortel and Cabletron continue to work together to leverage the existing strengths of both companies for the benefit of the customer. Enterprise Networks and Enterprise Data Networks are business units of Nortel, a diversified provider of market-leading communications equipment, services and network solutions for business, commerce and entertainment. Nortel had 1997 revenues of $US 15.5 billion and has approximately 73,000 employees worldwide. Cabletron Systems, a recognized leader in high-performance computer networking products, provides dependable network access and communications to millions of people throughout the world under its Smart Networking architecture. With scaleable products designed for Fortune 1000 enterprise networks, service providers and small businesses, Cabletron provides simple, reliable and cost-effective business solutions for the information age. SOURCE: Northern Telecom Limited>>>>>>

To: Ling Chen who wrote (6664)	6/18/1998 7:58:00 PM
From: elepet	Read Replies (1) \| Respond to of 6980

I wonder whether some knowledgable person could clearly explain what is going on here? There have been lots of numbers given...$38...$32..a percentage on a particular date...what date? Right now Bay hovers around 30 and Nortel 52 or so. Are our shares likely to go up when deal is closed or will amount depend on what they are worth at that moment. Or when the announcement was made? Not talking long run years from now..talking about next few weeks/days/ months/. Right now I could sell with a tiny profit and no loss. Is there a chance that Bay would go below 29 and NT down also, and price would end up lower than it is now.? Who votes and when? What is the actual time line or is there any? Thanks.