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

To: bucky89 who wrote (57513)	11/25/1998 4:26:00 PM
From: Sleeperz	Read Replies (1) \| Respond to of 61433

NewBridge gets the Core ATM Network , Ascend gets the Switching backbone. China Post, the State Postal Bureau of the People's Republic of China, has selected the Siemens / Newbridge multi-service, multi-access platform to build the core national backbone asynchronous transfer mode (ATM) network. Nov. 25, 1998--Ascend Communications, Inc. (Nasdaq:ASND - news) a leader in wide area networking (WAN) and Intelligent Networking (IN) solutions for providers and users of the next-generation public network, today announced that the company has won the bid to provide ATM equipment to build the China Post Multiservices Network. The next-generation ATM network will be the switching backbone for the nation's postal service, connecting 16 provincial networks to support more than 100 cities. Can anyone figure out who won this CHINA thing, perplexing.. Both news releases say that they one the same contract, how is it possible... Quite typical of the Chinese. There will be some internal bickering, and the contract will go to the company who bribed the official who holds the most power.