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Technology Stocks : Ciena (CIEN) -- Ignore unavailable to you. Want to Upgrade?

To: gbh who wrote (5777)	12/9/1998 8:05:00 AM
From: Tom Gebing	Respond to of 12623

To All: From Briefing.com this morning.... Telecommunications Equipment Brief: Like networking group we expect earnings growth to be well above market/sector average... But also like networking industry, leadership concentrated in fewer and fewer hands... Nortel (NT), Tellabs (TLAB) and Lucent (LU) clear leaders in this space and best bets for market outperformance going forward... Advanced Fibre (AFCI), ADC Telecom (ADCT), Ciena (CIEN) and Teligent (TGNT) Briefing's best bets for being acquired in 1999.

To: gbh who wrote (5777)	12/9/1998 8:34:00 AM
From: Gary Korn	Respond to of 12623

DWDM is in play. NN sells Cambrian to NT for $300MM: Wednesday December 9, 7:31 am Eastern Time Company Press Release Newbridge Networks Sells Ownership Stake in Cambrian Systems Corporation KANATA, ONTARIO--Newbridge Maintains Full Access to Cambrian DWDM Technology and Realizes Significant Value to Newbridge Shareholders Newbridge Networks (NYSE: NN - news; TSE: NNC - news) today announced it has agreed to sell its approximately 40 percent ownership position in Cambrian Systems Corporation to Nortel Networks. The transaction values Cambrian at up to US$300 million. The existing OEM a greement between Newbridge and Cambrian will continue under Nortel's ownership of Cambrian to ensure Newbridge has access to Cambrian's dense wave division multiplexing (DWDM) products. ''Our relationship with Cambrian over the past couple of years has enabled us to take the lead in integrating DWDM technology into our multi-services ATM platform,'' said Alan Lutz, President and Chief Operating Officer, Newbridge Networks. ''Our agreement with Nortel Networks ensures that our customers' requirements for an integrated DWDM-ATM solution will continue to be met and at the same time allows Newbridge to consider the DWDM technologies of other vendors for Newbridge(r) distributed ATM solutions .'' Newbridge was the first vendor to demonstrate an integrated DWDM-ATM solution designed specifically for metropolitan area networks (MANs) when it unveiled the product in October at Networld+Interop in Atlanta, Georgia. The scalable, cost-effective solut ion combines DWDM-based transport with an ATM core infrastructure to deliver broadband services from a seamless, fully managed platform. Deployed on the industry-leading Siemens / Newbridge MainStreetXpress(tm) 36170 MultiServices Switch, the ATM/DWDM integrated switching and transport platform enables service providers to maximize usage of their existing optical fiber cable infrastructur e. By integrating switching and transport into a seamless system, service providers can simplify their overall network architecture, enhance their network and service management capabilities, and reduce their capital and operational costs. The sale of Cambrian also demonstrates the growing dynamism and momentum of the Newbridge Affiliate program and its focus on bringing advanced technologies to market quickly and cost effectively while maximizing value to Newbridge and its shareholders. In September, Newbridge announced the sale of Advanced Computer Communications (ACC) to Ericsson for US$285 million, a transaction that enables Newbridge to maintain its existing business relationships with ACC, including joint research and development p rograms and manufacturing and reseller arrangements for the entire ACC product line. ''The Newbridge Affiliate program enables the Newbridge family of companies to develop a comprehensive array of complementary products and technologies that provide total networking solutions to our customers,'' said Mr. Lutz. ''The program and our commitm ent to it will continue to expand. The proceeds from this transaction bring the ability for even greater flexibility to the program.'' 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 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, th e Company employs more than 6,000 people on five continents. News and information are available at www.newbridge.com. Newbridge and 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.