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

To: djane who wrote (53599)	9/2/1998 12:49:00 PM
From: gbh	Read Replies (3) \| Respond to of 61433

djane, what do you make of the this report re: remote access? It seems ASND press release from 8/26 biz.yahoo.com contradicts this one. If theres one thing I know, its that its hard figure out such differing data.

To: djane who wrote (53599)	9/2/1998 1:12:00 PM
From: djane	Read Replies (2) \| Respond to of 61433

Nortel and Bay Networks Execs Tout New Business (via NT thread) From Computer Reseller News By Margie Semilof Billerica, Mass. 12:00 PM EST Tues., Sept. 01, 1998 .............. Executives at Northern Telecom Ltd. and Bay Networks Inc. are touting a new line of business that seeks to take on the changing frontier of telecommunications, after formally completing the merger of the two companies. Nortel sealed the deal with Bay Networks in 75 days to the tune of about $8.4 billion. Toronto-based Nortel wants to be a single source of communications gear that crosses all types of voice, data and converged networks. "We are one of the few companies that can build a single network that encompasses packet, voice and wireless networks," said John Roth, chief executive of Nortel. "That sets us apart from the competition." Nortel has created a new line of business called Carrier Packet Networks, which will be established out of Bay Networks' Billerica facilities. Roth said he expects Nortel to grow its presence in the Boston area. The Carrier Packet Networks division encompasses the technology from Bay Networks, Santa Clara, Calif., Aptis Communications, Chelmsford, Mass., and Avici Systems Inc., Chelmsford, and will deliver high-end switching and routing platforms, fiber systems and other data networking products for carrier networks. The division will employ about 5,500 to 6,000 people and have revenue of $2.5 billion, Roth said. The division is expected to test a terabit router by the end of this year, he said. Nortel also merged its Enterprise Data Networks division with Bay Networks. Nortel's strategy to grow its business in data markets is based on the huge rate of growth of data networks, about 30 percent a year, compared with the growth of voice networks, about 3 percent a year, Roth said. Nortel's traditional competitor has been Lucent Technologies Inc., Murray Hill, N.J. But Roth said that is changing fast. He said in his company's fiber systems business, competition comes from the two large Japanese telecom equipment makers, Fujitsu, Hitachi, and the French telecom giant, Alcatel. In the company's wireless business, it faces its stiffest competition from Ericsson Business Communications Systems. The strongest packet network competition continues to come from Cisco Systems Inc., San Jose, Calif., Ascend Communications Inc., Alameda, Calif., and Newbridge Networks Corp., Kanata, Ontario. Roth said he thinks his company can accelerate its growth in data networks much faster with the acquisition of Bay Networks.