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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey Lee who wrote (4296)	11/2/1998 2:46:00 PM
From: Baldwin	Read Replies (2) \| Respond to of 7342

Looks like Peter's feeling better :) Two Noted Industry Veterans Join Redstone Communications' Board Of Directors WESTFORD, Mass., Nov. 2 /PRNewswire/ -- Redstone Communications, a leader in next generation Internet Edge products, today announced the appointment of Daniel E. Smith, former Executive Vice President and General Manager, Core Switching Division, Ascend Communications (Nasdaq: ASND), and Peter A. Guglielmi, Executive Vice President, Chief Financial Officer, and Treasurer of Tellabs, Inc. (Nasdaq: TLAB), to its Board of Directors. "I am very pleased to welcome these two industry leaders to Redstone's Board of Directors. Both Dan and Peter have excelled at growing their respective start-up operations into two of the most successful companies in the networking industry," said Jim Dolce, Redstone's President and CEO. "They are widely recognized for their achievements and we are privileged to be able to draw upon their expertise." Daniel E. Smith joined Cascade Communications in 1992 as President and CEO, when it was a small startup with no revenue. Under his leadership, the company grew to become a worldwide leader in the Frame Relay market for service providers with $341 million in revenues by the end of 1996. After the acquisition of Cascade by Ascend Communications in June 1997, Smith led Ascend's Core Systems Division until July 1998. He holds a B.S. in engineering from Lehigh University and an MBA from Harvard Graduate School of Business. Peter A. Guglielmi joined Tellabs as Senior Vice President and Chief Financial Officer in 1988. In 1991 he was promoted to the position of Executive Vice President, Finance and Operations. In 1993 he was elected to the company's Board of Directors. From 1993 until 1997, Guglielmi was President of Tellabs International, Inc. where he dramatically expanded Tellabs success outside the U.S. He holds a B.S. in electrical engineering from New Jersey Institute of Technology and a M.S. in electrical engineering from the University of Connecticut. In addition to Smith and Guglielmi, members of the Redstone board include: Paul Ferri, General Partner of Matrix Partners; Ed Anderson, General Partner of Northbridge Venture Partners; James Dolce, President and CEO of Redstone and Kurt Melden, Vice President of Technology at Redstone. About Redstone Communications Redstone Communications, Inc., based in Westford, MA, was founded in September 1997 to design, develop and market service provider solutions that address the scalability, performance, reliability and quality of service issues associated with the transformation of the public Internet. The company's management previously held executive and director level positions at Cascade Communications, which was acquired by Ascend Communications, and 3COM. Redstone can be reached at 978-692-1999, or visit our web site at www.redstonecom.com. SOURCE Redstone Communications CO: Redstone Communications ST: Massachusetts IN: CPR SU: PER 98 08:35 EST prnewswire.com