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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (10294)	3/15/1999 10:58:00 AM
From: Rob C.	Respond to of 18016

This is wonderful... KANATA, Ontario--(BUSINESS WIRE)--March 15, 1999-- Newbridge Leads All Equipment Vendors in ATM and Frame Relay Markets, Secures Over $100 Million in Network Equipment Business Newbridge Networks (NYSE:NN.N) (TSE:NNC) today announced that leading market research firm Dataquest, a Gartner Group company, has confirmed that Newbridge leads the asynchronous transfer mode (ATM) and frame relay wide area network (WAN) market in Central and Eastern Europe. According to a recently released Dataquest report, Newbridge leads with a 46 percent market share in the ATM market and 28.8 percent market share in the frame relay market. Newbridge has also installed time division multiplexing (TDM) networks in every country in Central and Eastern Europe. The Company has won more than $100 million in business to supply ATM, TDM and frame relay networks to service providers in countries throughout Central and Eastern Europe, including the Czech Republic, Poland, Slovenia and Hungary. "Six years ago, the majority of Central and Eastern European countries lacked network infrastructures," said Chris Stomenov, director, Central Europe, Newbridge Networks. "In order to encourage foreign investment -- which is crucial to the economic growth of these countries -- all privatized, or soon to be privatized carriers require a world-class networking infrastructure. This has resulted in significant investment in advanced networking solutions in this region." As a result of new competition in these markets from new generation service providers, some established telecommunications carriers have been losing market share. To remain competitive, they are turning to network equipment vendors, such as Newbridge, to create next-generation networks that support a wide range of value-added services. "Newbridge continues to be awarded new business in Central and Eastern Europe to install the network infrastructures that service providers need to remain at the forefront of their markets," continued Stomenov. "We are consistently beating the competition with excellent references from existing customers within the region. For example, our competitors cannot deliver the powerful end-to-end network and service management capabilities that we provide. The Newbridge name has become synonymous with the trusted solution of choice in this region." In rapidly developing economies, such as those in Eastern and Central Europe, it is essential that government organizations and public and private enterprises be served by flexible, reliable data communications services that can quickly respond to customers' changing needs. This requires a networking infrastructure that provides flexible leased line services; consolidates existing services, such as X.25 and integrated services digital network (ISDN); and migrates to new services, such as frame relay and ATM. Newbridge is able to meet these requirements, offering an extensive range of integrated products and solutions to effectively meet each carrier's unique needs. "Service providers in Central and Eastern Europe are developing more advanced networks than many of their Western European and North American counterparts," said Stomenov. "They have built their infrastructures from scratch and hence do not have the migration and integration issues that often delay and complicate upgrades to existing technology." 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 Newbridge(R) 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, the Company employs more than 6,000 people on six continents. Newsand information are available at www.newbridge.com. Newbridge, logo are registered trademarks of Newbridge Networks Corporation. --30--ec/sa* CONTACT: Newbridge Networks Corporation Linda Bell, 703/736-5917 lbell@newbridge.com or John Lawlor, 613/591-3600 jlawlor@newbridge.com or Dorothy Boyer, 703/736-5776 dboyer@newbridge.com newbridge.com or FitzGerald Communications Keith Figlioli, 617/588-2228 kfiglioli@fitzcomm.com fitzcomm.com KEYWORD: NEW YORK INDUSTRY KEYWORD: TELECOMMUNICATIONS COMED Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1999, Business Wire