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

To: A. Edwards who wrote (59497)	1/22/1999 9:14:00 AM
From: Paul Bernier	Read Replies (1) \| Respond to of 61433

Friday January 22, 8:53 am Eastern Time Company Press Release SOURCE: Benchmark Electronics, Inc. Benchmark Reaches Agreement With Stratus Computer Ireland ANGLETON, Texas, Jan. 22 /PRNewswire/ -- Benchmark Electronics, Inc. (NYSE: BHE - news), today announced that it has signed agreements to purchase certain assets and transfer certain employees from Stratus Computer Ireland, a wholly- owned subsidiary of Ascend Communications Inc. (Nasdaq: ASND - news). The companies plan on closing the transaction as soon as possible following the necessary government approvals. Financial details related to the transaction were not disclosed. Benchmark will provide systems integration and testing services, for the next three years, to both Ascend Communications Inc. and Stratus Holdings Limited. ''We are pleased to have the opportunity to work with such a leading management and technology team from Stratus'', Donald E. Nigbor, president of Benchmark said. ''Their system integration expertise expands our service capability and provides Benchmark a strong foundation in Europe. This expanded capability is part of our long-term strategy to provide our customers with a fully integrated solution.'' This release contains certain forward-looking statements regarding the Company's business operations. The words ''expect,'' ''estimate,'' ''anticipate,'' ''predict,'' and similar expressions are intended to identify forward-looking statements. Such statements involve risks, uncertainties and assumptions, including, but not limited to, industry and economic conditions and customer actions and other factors discussed in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Benchmark Electronics, Inc., provides contract manufacturing and engineering services to original equipment manufacturers in select industries, including medical devices, communications equipment, industrial and business computers, testing instruments, and industrial controls. The Company's stock trades on the New York Stock Exchange using the symbol BHE. Benchmark's website is located on the Internet at bench.com.