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

To: Serge Collins who wrote (6830)	10/5/1998 9:56:00 AM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 18016

IDC and Dataquest Reaffirm Newbridge Networks ATM Market Leadership Position FOR: NEWBRIDGE NETWORKS CORPORATIONTSE SYMBOL: NNC NYSE SYMBOL: NN OCTOBER 5, 1998 NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS KANATA, ONTARIO--Newbridge Networks, a world leader in networking technology, today announced two leading industry analyst firms' 1997 research findings confirm Newbridge as the market leader for asynchronous transfer mode (ATM) switch revenues. International Data Corporation (IDC) reports that Newbridge continued to lead the market in ATM Edge/Enterprise Switch revenues worldwide with 27.5 percent market share, a one percent gain over 1996. The report also found Newbridge increased market share for frame relay and ATM WAN switch revenues with 21.1 percent market share compared to 19 percent a year ago. The findings are contained in the recently published IDC report: ATM and Frame Relay Switching Market Review and Forecast, 1997-2002. According to the IDC report, "Newbridge Networks continued its market leadership with a share of 27.5 percent on the strength of its MainStreetXpress(tm) 36150 Access Switch and MainStreetXpress 36170 Multiservices Switch products, the vast majority of which are shipped to carrier customers." IDC also noted: "In the long term, carriers are looking to introduce ATM technology into their voice networks to take advantage of its efficient use of bandwidth and multi-service capability." IDC forecasts that the ATM Edge/Enterprise segment of the market will grow from $1.44 billion in 1997 to $4.91 billion in 2002. The Newbridge(r) leadership position in the ATM marketplace is further reinforced by Dataquest's 1998 North American WAN Market Share and Forecast report. Dataquest identified Newbridge as the leader in revenue and shipments of ATM backbone switches in North America with 34.4 percent market share, a growth of 6.6 percent over 1996 figures. According to the report, "Dataquest predicts healthy growth in the ATM WAN backbone market over the next five years, growing from $855 million in 1997 to $2.6 billion in 2002, representing a compound annual growth rate (CAGR) of about 23 percent." More than 280 service providers worldwide use the MainStreetXpress 36170 Multiservices Switch, the industry's only true multi-service platform. The MainStreetXpress 36170 Switch's broad range of interfaces and service offerings - including native cell relay, frame relay, advanced private line, LAN internetworking, Internet Protocol (IP), xDSL and broadband wireless - enables companies to take advantage of the cost and performance benefits provided by a powerful multi-service, multi-access platform. The MainStreetXpress 36170 Multiservices Switch offers interfaces ranging from sub-T1 speeds to OC12, growing to OC48, and features such as ATM Forum-complaint Inverse Multiplexing over ATM (IMA) and switched virtual circuits (SVCs). It scales from 800 Mbit/s to more than 50 Gbit/s in a fully redundant mode (100 Gbit/s switching capacity), and more than 30,000 T1, frame-relay, circuit-emulation or native cell relay ports per system. "This research reaffirms the strength of the Newbridge product line. We have maintained our leadership position through continued investment and development in our equipment," said Scott Marshall, Executive Vice-President, Switching Products Group, Newbridge Networks. "By providing our customers a true multi-service platform, we are assuring them that we will not only continue to meet their networking needs today, but also in the future." Newbridge Networks (NYSE: NN; TSE: NNC) designs, manufactures, markets and services networking solutions to organizations in more than 100 countries. The Company leverages its relationship with a growing 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 / 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.