Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Mighty Mizzou who wrote (6563)	3/10/1999 9:15:00 AM
From: Mark Duper	Read Replies (3) \| Respond to of 21876

Any comment tech guys?: 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.