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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (1446)	11/14/1998 9:45:00 AM
From: Kenneth E. Phillipps	Respond to of 14638

Sales of U.S. Telecoms Gear Climb to $55.6 Billion in Q3 Posted November 11, 1998 12:00 PM PST U.S. factory sales of telecommunications equipment rose to $55.6 billion at the close of the third quarter of 1998 (YTD), an 11 percent increase over the same period in 1997, according to figures released today by the Telecommunications Industry Association (TIA). The year-to-date figure was powered by strong third-quarter results totaling $19 billion, a 14 percent increase over last year's third-quarter U.S. factory sales of telecom equipment. TIA President Matthew J. Flanigan stated, "Strong September sales of telecom equipment 3/4 up 15 percent from 1997 3/4 bolstered the industry's growth, keeping it in healthy double digits. With new orders also up 15 percent in September, it is clear that demand for communications products, recognized as crucial to productivity, remains high." The APEC MRA was initiated in Mexico City in March 1997. A final text of the arrangement was achieved in Los Angeles in April 1998, while the document was unanimously endorsed by APEC Telecom Ministers in Singapore and the Trade Ministers in Malaysia in June 1998. It will receive final endorsement by the leaders in Kuala Lumpur in November 1998. _______________________________ Source: U.S. Department of Commerce, compiled by EIA Market Research. TIA is a full-service national trade organization with membership of 900 large and small companies that provide communications and information technology products, materials, systems, distribution services and professional services in the United States and around the world. The association's member companies manufacture or supply virtually all of the products used in global communication networks. TIA represents the telecommunications industry with its subsidiary, the MultiMedia Telecommunications Association, in association with the Electronic Industries Alliance.