To: pat mudge who wrote (4868 ) 10/29/1998 9:09:00 AM From: Haim R. Branisteanu Read Replies (1) | Respond to of 21876
Your comments appreciated, how will this winn affect LU stock?? AT&T Selects Arris Interactive's Cornerstone Cable Telephony System For Competitive Local Communications Servicesarris-i.com Atlanta (October 29, 1998) –Nortel Networks (NYSE:NT/TSE:NTL) announced today that AT&T has signed a contract with ANTEC (NASDAQ: ANTC) and Arris Interactive (a Nortel Networks/ANTEC joint venture), to purchase the Cornerstone cable telephony communications system to serve up to 2,000,000 homes. Under the agreement AT&T can deploy Cornerstone over Tele-Communications, Inc's (TCI) more than 17 million home service network. The initial order for over $50 million of Cornerstone product begins shipping to AT&T immediately and represents the first step in an agreement which ANTEC and Arris Interactive (Arris) believe could result in sales of up to $900,000,000. Arris designs and manufactures the Cornerstone family of highly reliable, digital, cable communications products. ANTEC is Arris' exclusive sales channel to AT&T for Cornerstone. "AT&T is the world's leading brand of communications services and Arris is pleased they have selected our Cornerstone platform to support their thrust into local telephony," said Guy Gill, President and CEO of Arris Interactive. "Cornerstone delivers premium quality digital communications services today and can economically migrate to support IP services without stranded investments." The companies noted that more cable operators have deployed Cornerstone than any other cable telephony product world-wide. Operators commercially deploying Cornerstone include Cox, TCI, Cablevision Lightpath, Time Warner, Titus Communications (Japan), VTR Telefonica (Chile), Jupiter Telecommunications (Japan), Priority Telecom (Austria) and several other operators.