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

To: pat mudge who wrote (7638)	11/23/1998 10:54:00 AM
From: Rob Riordan	Read Replies (2) \| Respond to of 18016

More fuel for the fire: KANATA, ONTARIO--Newbridge Networks (NYSE: NN - news; TSE: NNC - news), the global leader in reliable, carrier-class scalable, broadband network solutions, today announced that Vertical Systems Group (http://www.verticalsystems.com), a leading industry research firm, has confirmed the Company as the leading vendor of asynchronous transfer mode (ATM) equipment to Carriers and Internet Service Providers (ISPs) combined. Vertical Systems projects that Newbridge will maintain its leading position in the worldwide ATM carrier switch market with a share of 25.1 percent in 1998. When combined with sales to ISPs, Newbridge again leads the industry with 22.3 percent market sha re. Sales of ATM equipment to carriers from 1997 to 2001 is expected to grow at a compound annual growth rate (CAGR) of 37 percent, while sales of ATM equipment to ISPs will grow at a CAGR of 54 percent in the same time period, according to Vertical Syst ems. ''The Siemens / Newbridge MainStreetXpress 36170 MultiServices Switch is the industry's only true multi-services, multi-access platform and sets the standard by which other solutions are compared,'' said Brian Jervis, Executive Vice-President, Switching Pr oducts Group, Newbridge Networks. ''With the largest installed base of any multi-service, multi-access switch on the market, the MainStreetXpress 36170 switch scales from 800 Mbit/s to more than 50 Gbit/s in a fully redundant, fully protected mode on the same platform." Vertical Systems Group projects ATM equipment revenue will surpass frame relay equipment revenue in 1998. The ATM equipment market is forecast to grow at a CAGR of 33 percent worldwide, from $2.1 billion in 1997 to $6.7 billion in 2001. Sales of ATM equ ipment in the U.S. is projected to grow from $1.1 billion in 1997 to almost $3 billion in 2001. ATM equipment revenue is projected to grow even more rapidly in markets throughout the world outside the U.S. The European market for ATM equipment is proje cted to grow at a CAGR of 41 percent from $439 million in 1997 to $1.7 billion in 2001. Vertical Systems is the third major industry research firm this year to confirm Newbridge's number one position worldwide for ATM equipment. International Data Corporation and Dataquest also recently confirmed Newbridge as the industry-leading provider o f ATM solutions. Installed in more than 280 service provider network worldwide, the MainStreetXpress 36170 Multiservices Switch is the industry's leading multi-services, multi-access ATM platform. Newbridge Networks designs, manufactures, markets and services networking solutions to organizations in more than 100 countries. The Company leverages its relationship with a growing family of Newbridge(r) Affiliate companies and strategic alliances with Siemens and 3Com Corporation to deliver seamless, end-to-end solutions. Newbridge customers include the world's 300 largest telecommunications service providers and more than 10,000 corporations, government organizations and other institutions. Founded in 1986, the Company employs more than 6,000 people on five continents. News and information are available at www.newbridge.com. Newbridge, logo are registered trademarks of Newbridge Networks Corporation. MainStreetXpress is a trademark used by the Siemens / Newbridge alliance for comprehensive solutions in broadband communication. No agency relationship, partnership, or joint ownership of a legal entity is to be inferred or implied by the term alliance.