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

To: Bob Howarth who wrote (1519)	12/3/1998 10:44:00 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

A summary of the announcment - Sounds as though Nortel will acquire a larger interest in Arris in exchange for spin off of LANCity. Antec's interest in Arris will be diluted. Sounds as though Antec is struggling with earnings warning. This should help them compete. Ken Nortel And ANTEC Sign On Broadband Technology Nortel Networks and ANTEC have announced the signing of a Memorandum of Understanding that provides for the Broadband Technology Division, a subsidiary of Bay Networks, to be combined with Arris Interactive, a n ANTEC/Nortel joint venture company. ANTEC will receive exclusive distribution rights for all Broadband Technologies's products to all US cable operators while Nortel will have exclusive disribution rights outside the US and to non-cable operators in the US. Arris hope that the agreement to combine will strengthen Arris' Cornerstone product family, offering high-speed data and voice services with a platform and industry-standard technologies