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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: Glenn McDougall who wrote (6403)	9/9/1998 11:38:00 AM
From: Rob C.	Respond to of 18016

Here it is.... KANATA, Ontario--(BUSINESS WIRE)--Sept. 9, 1998--Newbridge Networks (TSE:NNC.) (NYSE:NN.N) today announced it has agreed to sell its majority ownership position in Advanced Computer Communications (ACC), a Newbridge(r) Affiliate and a leading provider of network access solutions, to Ericsson, a world-leading telecommunications supplier. The transaction values ACC at approximately US$285 million. The transaction enables Newbridge to maintain its existing business relationships with ACC including joint research and development programs, and manufacturing and reseller arrangements for the entire ACC product line. Additionally, Ericsson will work with Newbridge in the development and support of Carrier-Scale Internetworking (CSI), the world's first open, standards-based architecture for premium Internet Protocol (IP) services. Ericsson will work with Newbridge and other CSI partners to develop the standards required for end-to-end Quality of Service (QoS) and to implement CSI capability into ACC's Integrated Access Platforms. "This new arrangement enables us to work closely with Ericsson on many fronts including the continuation of our many relationships with ACC," said Terence Matthews, Chairman and Chief Executive Officer, Newbridge Networks. "Newbridge believes the sale of ACC benefits Ericsson and Newbridge in that both parties are now focused on selling and marketing ACC's product line including the award-winning CSI-compliant Tigris Integrated Access Platform which we resell as the MainStreetXpress(tm) 36100 Access Concentrator. We believe Ericsson's strong commitment to R&D, particularly in the remote access space, will add breadth and depth to the ACC product offering." 6 The CSI open architecture is suitable for multivendor networks and adheres to ATM Forum and ITU standards such as QoS support, virtual circuit and virtual path management. The CSI architectural approach establishes open standards that allow for the inclusion of additional third party service agents ensuring that it is a future-proof network investment. ACC is a leading manufacturer of integrated remote access and internetworking products that provide cost-effective solutions for service providers and corporate enterprise networks. ACC leads the industry in the development of Virtual Private Network technologies and solutions designed to address emerging applications for both public and private networks. ACC's products are sold worldwide directly and through strategic channel partners. 6 Ericsson's 100,000 employees are active in more than 130 countries. Their combined expertise in fixed and mobile networks, mobile phones, and infocom systems makes Ericsson a world-leading supplier in telecommunications. Newbridge Networks (NYSE:NN.N) (TSE:NNC) designs, manufactures, markets and services networking solutions to organizations in more than 100 countries. The Company leverages its relationship with a family of Newbridge Affiliate companies and strategic alliances with Siemens and 3Com Corporation to deliver seamless, end-to-end solutions. Newbridge customers include the world's 300 largest telecommunications service providers and more than 10,000 corporations, government organizations and other institutions. Founded in 1986, the Company employs more than 6,000 people on five continents. News and information are available at www.newbridge.com. Newbridge, logo are registered trademarks of Newbridge Networks Corporation. MainStreetXpress is a trademark used by the Siemens and Newbridge alliance for comprehensive solutions in broadband communication. No agency relationship, partnership, or joint ownership of a legal entity is to be inferred or implied by the use of the term alliance. --30--sw/sa* CONTACT: Newbridge Networks Corporation John Lawlor, 613/591-3600 E-Mail: jlawlor@newbridge.com or Newbridge Networks Corporation Paul Goyette, 613/591-3600 E-Mail: pgoyette@newbridge.com KEYWORD: NEW YORK INDUSTRY KEYWORD: TELECOMMUNICATIONS MERGERS/ACQ COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire

To: Glenn McDougall who wrote (6403)	9/9/1998 3:44:00 PM
From: pat mudge	Read Replies (2) \| Respond to of 18016

Glenn and all -- I think I'll go away more often. I turn my back and there's 3 or 4 press releases and a couple points to the upside. Big smiles!! The transaction enables Newbridge to maintain its existing business relationships with ACC including joint research and development programs, and manufacturing and reseller arrangements for the entire ACC product line. Additionally, Ericsson will work with Newbridge in the development and support of Carrier-Scale Internetworking (CSI), the world's first open, standards-based architecture for premium Internet Protocol (IP) services. Ericsson will work with Newbridge and other CSI partners to develop the standards required for end-to-end Quality of Service (QoS) and to implement CSI capability into ACC's Integrated Access Platforms. Forgive the repetition if it's already been discussed, but isn't adding Ericsson to the CSI partnership status significant? If this is the first mention --- and to my knowledge it is --- it adds yet another strong player to an already strong line-up: NN, Siemens, 3Com. Ericsson's making some interesting moves. A week or so ago there was news they'd leased a building on London's St. James Square and some speculate they're moving their headquarters. Who knows, maybe they're diversifying into real estate. :) Later -- Pat