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

To: H.A.M. who wrote (57527)	11/25/1998 5:21:00 PM
From: H.A.M.	Read Replies (1) \| Respond to of 61433

Exclusive Nature Of Newbridge's China Post Pact Questioned November 25, 1998 By BEN DUMMETT Dow Jones Newswires TORONTO -- There are question about whether Newbridge Networks Corp. (NN), through its alliance with Germany's Siemens AG (G.SIE), is the exclusive vendor for the core backbone of China Post's national backbone asynchronous transfer mode, or ATM, network. Earlier Wednesday, Newbridge, a network equipment supplier based in Kanata, Ont., announced it was "the exclusive vendor for China Post's national backbone" network for the transmission of voice data and Internet Protocol services. China Post is the state postal bureau of the People's Republic of China. In a telephone interview, a Newbridge spokesman said China Post officials approved Newbridge's claim in its announcement that it was the exclusive vendor for the core backbone part of the network. However, Newbridge competitor Ascend Communications Inc. (ASND), also announced a pact Wednesday to supply ATM switching backbone equipment for China's Post new network. The China Post deal is a "multi-source contract; not only Ascend and Newbridge, but Lucent Technologies Inc. (LU) also has a piece of the pie," the Ascend spokeswoman said. She declined to reveal the value of pact with China Post. When asked about the exclusivity of Newbridge's contract, the spokeswoman replied: "I don't understand where that is coming from." The spokeswoman also said it's her understanding that Newbridge, Ascend and Lucent each received a third of the contract. No one was immediately available for comment at Lucent. It's common among network operators to buy gear from more than one vendor to build a network, so as to avoid becoming too dependent on one supplier, the Ascend spokeswoman noted. -By Ben Dummett; 416-943-7807; ben.dummett@dowjones.ca