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


To: The Phoenix who wrote (56895)11/6/1998 5:59:00 PM
From: H.A.M.  Respond to of 61433
 
Singapore's StarHub Selects Ascend Equipment to Build Telecom Network of the Future

biz.yahoo.com
____________________________________________________

Friday November 6, 5:17 pm Eastern Time

Company Press Release

Singapore's StarHub Selects Ascend Equipment to Build Telecom Network of the Future

Singapore's Second Telecommunications Carrier Chooses Ascend to Build Next Generation IP-based Data Network

SINGAPORE--(BUSINESS WIRE)--Nov. 6, 1998-- Ascend Communications, Inc., (Nasdaq:ASND - news), a leader in wide area networking (WAN) solutions for providers and users of the next generation public network, has been awarded a major contract to deploy IP-based equipment for the data network of Singapore's latest telecommunications carrier, StarHub Pte Ltd. Based on the solution provided by Ascend, StarHub will be the first carrier in Singapore to deploy a network architecture that provides the capability to transport voice, data and other services on a single IP-based network.

Under the agreement, Ascend will provide Frame Relay, asynchronous transfer mode (ATM) and IP products that will form the backbone of StarHub's network. This includes Ascend's GX550, CBX500 and STDX9000 switches. With Ascend's solution, StarHub is able to provision data across a backbone that will scale and adapt to ever increasing volumes of data traffic.

StarHub has also purchased Ascend's market-leading NavisCore and NavisXtend network management system software to enable seamless customer management and monitoring. In addition, the carrier has acquired Ascend solutions that offer varying levels of Quality of Service (QoS) and Service Level Agreement (SLA) facilities, allowing StarHub the flexibility of offering various services to its customers. Completing this network solution is an open-standards billing interface from Ascend that allows billing integration across services.

Mr. Graham Moore, senior vice president, Commercial Services of StarHub said, ''We looked at all the major network vendors in the market and Ascend is a clear leader in this field. Their architecture will allow us to provide the high quality solutions for our customers. In addition, they have strong capabilities in deploying QoS and in the field of Virtual Private Networking.''

According to Tony Wise, vice president, Asia Pacific, Ascend Communications, ''We are honored that StarHub has chosen our solution for their data network. In line with our vision of building the next generation public network, Ascend proposed a new generation network architecture comprising Frame Relay, ATM and IP products to StarHub. Our aim was to work with StarHub in offering them a leading-edge solution that would make them a world class carrier, offering the latest services to customers in an efficient network that utilizes the technologies of tomorrow.''

About StarHub

StarHub is a joint venture of Singapore Technologies Telemedia, Singapore Power, Nippon Telegraph & Telephone Corporation, and British Telecom. It was recently awarded licenses to operate fixed and mobile communication services in Singapore. Commercial services for both licenses are due to commence on 1 April 2000. StarHub intends to build a world-class, state-of-the-art integrated broadband info-communications network with leading-edge technologies and flexible platforms. It will be principally fibre-based and will be capable of providing high-speed digital capabilities to deliver innovative voice, data, mobility and multimedia services.

About Ascend Communications

Ascend Communications, Inc. (Nasdaq:ASND - news) develops, manufactures, sells and services wide area networking solutions for telecommunications carriers, Internet service providers and corporate customers worldwide.

For more information about Ascend and its products, please visit the Ascend Web site at www.ascend.com, or send e-mail to info@ascend.com. For Investor Relations, please call our communications hotline at 800/648-3059 or 760/704-4423 (outside the United States & Canada). Additional investor information can also be accessed on our Web site at: ascend.com. Ascend is headquartered at One Ascend Plaza, 1701 Harbor Bay Parkway, Alameda, Calif. 94502; phone is 800/ASCEND4 and fax is 510/814-2300.

The foregoing statements may contain forward-looking statements that are based on current expectations and involve risks and uncertainties. Actual results could differ materially from these expectations as a result of factors including, but not limited to, the Company's success in developing, introducing or shipping new products, competition, the mix of distribution channels employed, the Company's dependence on single or limited source suppliers for certain components used in its products, risks inherent in international sales, seasonality and general economic conditions. These and other factors are discussed in Ascend's 10-K, 10-Q and other filings made periodically with the Securities and Exchange Commission.




To: The Phoenix who wrote (56895)11/6/1998 6:17:00 PM
From: thebeach  Read Replies (1) | Respond to of 61433
 
Me too,go out for the afternoon and whooosh,we tank late.Worry not comrades,traders never stick around on the weekend.Nice contract announcement at close and we are off to the races next week.



To: The Phoenix who wrote (56895)11/6/1998 6:23:00 PM
From: Ashley Campbell  Read Replies (1) | Respond to of 61433
 
Eeeeek! and ditto... I left for a couple of hours and look what happens! That intraday chart looked really nasty starting from 2:00 on. Big increase in volume and must have been alot of sells because the stock headed straight south. Must be because Tim bought in (didn't we go up last time he sold??) But seriously, anyone know if we have any gaps that need filling (wondering how badly we'll retrace....) cheers, -ac