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

To: Thai Chung who wrote (2167)	3/10/1999 8:08:00 AM
From: Chris Stovin	Read Replies (1) \| Respond to of 14638

Here are the details Thai... Wednesday March 10, 7:31 am Eastern Time Company Press Release SOURCE: Northern Telecom Limited AT&T Selects Nortel Networks as a Potential Supplier for Network Evolution and Expansion RESEARCH TRIANGLE PARK, N.C., March 10 /PRNewswire/ - Nortel Networks (NYSE: NT/TSE: NTL) announced today that it has been selected by AT&T (NYSE: T - news) as a potential supplier for advanced voice switching systems that will support the evolution of the AT&T Worldwide Intelligent Network. The agreement, which is contingent upon the successful certification of the Nortel Networks' DMS-250 for use in the AT&T network, will provide a platform for future packet-based services as the DMS-250 system evolves to a Succession Network -- recently announced by Nortel Networks. ''As a part of our continuing work in support of our multi-vendor network, we are evaluating the Nortel Networks DMS-250 for potential use as we evolve our long distance network from circuit- to packet-based switching,'' said Dan Sheinbein, AT&T vice president, Network Architecture and Development. ''The DMS platform's current capabilities and planned evolution path make it a good choice for evaluation for use in the AT&T network.'' ''The DMS platform delivers the services AT&T needs today, while supporting their transition to a packet-based network,'' said George Smyth, senior vice president, AT&T Account at Nortel Networks. ''We look forward to working side-by-side with AT&T as they continue to expand and transition their local and long distance networks towards a packet-based solution.'' An open, standards-based solution, the Succession Network will enable service providers to offer the revenue-generating telephony services that drive the bulk of their business today and the new end-to-end Internet Protocol (IP) services that the market is demanding -- all without the expense of a data overlay network. The agreement provides terms and conditions under which the Nortel Networks' DMS-250 could be deployed in the AT&T network, providing an architecture to gracefully grow and evolve long distance network capabilities as the industry moves towards packet-based applications. AT&T is also expanding their multi-vendor local services network -- offering advanced voice and data applications using the Nortel Networks' DMS-500 multimedia platform. AT&T is the world's premier provider of voice and data communications, with more than 80 million customers, including business, government, and consumers. AT&T runs the largest, most powerful long distance network and the largest wireless network in North America. The company is a leading supplier of data and Internet services for business and the nation's largest direct Internet service provider to consumers. AT&T also provides local telephone service to a growing number of businesses. SOURCE: Northern Telecom Limited --------------------------------------------------------------------------------