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

To: Mysore Han who wrote (50634)	7/29/1998 3:55:00 PM
From: djane	Read Replies (1) \| Respond to of 61433

Excepts from 7/22/98 Stratus earnings report [H-P/SS7 relationship and Massachusetts location are interesting] Stratus Reports Second Quarter Results PR Newswire - July 22, 1998 17:33 "We remain confident, nonetheless," said Sachs, "that our core value of continuous availability remains essential to the rapidly growing market for mission-critical telecommunications and financial services applications, and we will continue to invest in these areas. During the second quarter, for example, we extended our Intelligent Network (IN) portfolio of computer-based, continuously available applications with solutions for Virtual Private Network, Calling Name Delivery, Enhanced 800/Freephone, Premium Rate, Televoting, Number Portability and CDMA Over-the-Air service activation. At the same time, we continued to build our Internet IN solutions architecture and are actively participating in standards groups headed by Bellcore, IN Forum, and Level 3 Communications. We also introduced the Continuum(R) 400- CO, the industry's new price/performance leader for continuously available, central-office compliant systems running the HP-UX(TM) operating system," said Sachs. During the second quarter, Stratus was awarded high-profile contracts from companies based in Latin America, China, and Canada. These include the following: -- Huawei Technologies deployment of a Stratus-based Intelligent Network solution in Tianjin, China, offering multiple enhanced services. -- Lockheed Martin IMS' implementation of Canada's number portability administration database, along with strategic partner Evolving Systems, Inc.; -- In Latin America, a consortium of three of Mexico's largest banks has selected Stratus to implement a new interbank ATM infrastructure; and -- In Brazil, VISA Net selected the Stratus(R) platform for its smart-card processing and ATM applications. In addition, Stratus achieved customer wins resulting from its reseller alliance with Hewlett-Packard Company, which included installations in Alcatel, Paris Bourse, and Belgacom. "Stratus is well positioned for the long term in our strategic markets. We are confident of our ability to get the company back on track and to become a more efficient and profitable organization," concluded Sachs. About Stratus Based in Marlboro, Massachusetts, Stratus Computer, Inc. (NYSE: SRA) is the premier supplier of computer systems and services where continuous availability is a critical need. Stratus and its subsidiaries offer a broad range of continuously available computer platforms, applications software, middleware, and professional services. The company markets its systems and solutions to a range of industries in more than 60 countries. For more information, see Stratus on the Internet at stratus.com.