Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: pat mudge who wrote (7351)	11/12/1998 10:38:00 AM
From: Glenn McDougall	Read Replies (1) \| Respond to of 18016

Lucent Technologies Wins Data Networking Contract In China Lucent to supply million of dollars of data networking products and services to the State Postal Bureau BEIJING, China--(BUSINESS WIRE)--Nov. 11, 1998-- Lucent Technologies today announced that it is one of the vendors selected by the State Postal Bureau of the People's Republic of China to supply Asynchronous Transfer Mode (ATM) equipment to its China Postnet project, the postal bureau's wide area integrated services network. The multi-million-dollar contract is one of Lucent's largest data networking wins in the Asia Pacific and China region since Lucent announced its data networking initiatives in the region in mid -1998. Lucent will supply its PacketStar(tm) AC 120 multiservice access switch which will be installed at the ATM backbone of the State Postal Bureau's wide area network. In addition to the PacketStar AC 120, Lucent will also supply its network management product portfolio. ''This is a significant and strategic win for Lucent in Asia Pacific and China,'' said Randy Yeh, Chairman, Lucent Technologies China. ''With this win in the data networking space, we have demonstrated that Lucent is a key and formidable player in the voice and data convergence market.'' According to the State Postal Bureau, it chose Lucent's ATM and network management solutions because the systems can support a diversity of current and future service needs, enabling the State Postal Bureau to provision a best-in-class network that is both robust and reliable, and cost effective. Lucent's PacketStar AC 120 is a true multiservice ATM access switch that allows customers like the State Postal Bureau to aggregate a variety of lower speed services into a high-speed Asynchronous Transfer Mode (ATM) infrastructure. The PacketStar AC 120 provides support for services such as T1/E1, frame relay and ethernet, allowing network managers to transport voice, data and video applications over a corporate ATM wide area network. The contract also includes Lucent's network management products which provide network and element management, enabling customers to centralize management of their voice, data and mixed media in a multi-vendor network environment. The State Postal Bureau currently operates and manages an integrated postal service network in China, with more than 500,000 employees. The State Postal Bureau achieved total market revenue of RMB27.3 billion (approximately US$3.2 billion) in 1997 - a 52.73% increase over the previous year. Lucent Technologies, based in Murray Hill, New Jersey, designs, builds, and delivers a wide-range products for public and private networks, communications systems and software, data networking systems, business telephone systems, and microelectronics components. Bell Laboratories, the research and development arm of the company, has produced many world-renowned innovations. Lucent Technologies China has seven regional offices, six joint ventures and two wholly-owned companies, and it manufactures a full array of telecommunications network equipment. It has a work force of over 3,000 employees and has developed a network of offices and ventures to serve the entire Chinese market. Further information about Lucent Technologies is available on the company's web site at lucent.com