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

To: Ok2Launch who wrote (2250)	3/17/1999 3:11:00 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

Siemens buys Redstone - Nortel close to deal with Shasta Siemens to Acquire Redstone Communications Siemens AG (Munich) plans to announce today (March 17) the acquisition of yet another data networking company, according to sources in the investment community. Redstone Communications Inc. (Westford, Mass.) has signed on with the European telecommunications giant for a reported $600 million—more than the two previous acquisitions Siemens has made thus far this year combined. Sources say the high price was the result of an unprecedented bidding war between Siemens and other vendors, including Alcatel SA (Paris) and Lucent Technologies Inc. (Murray Hill, N.J.). Redstone makes an edge aggregation router for ISPs (Internet service providers) that combines traffic from multiple T1 (1.544-Mbit/s) access lines and funnels it to gigabit routers in the core of the network. The technology would fill a much-needed hole in Siemens' new Unisphere Solutions subsidiary, which is strong on ATM-based access devices and core switches but weak on network edge devices. Sources say another equipment vendor, Northern Telecom Ltd. (Nortel, Mississauga, Ontario) is close to its own ISP equipment deal--with Shasta Networks Inc. (Sunnyvale, Calif.), which makes an IP service-provisioning platform. That deal is rumored to be valued at $400 million.

To: Ok2Launch who wrote (2250)	3/17/1999 6:27:00 PM
From: Stocker	Respond to of 14638

If you want to read what many think of Alan (I've been wrong for 10 years) Abelson, check the Cramer thread here at SI. That whole Barrons article was a personal slam and given that Cramer has thrown a lot of punches Barrons' way, it's easy to see why they don't like him. Personally, Cramer and the rest of the people at theStreet.com have made me way more money than Barrons could hope to. Cramer and a few other super-bulls have kept traders like me in the market when I was just itching to sell. Barron's would only have made me unemployed, but luckily I started to ignore their bearish slant a long time ago (not that there's any up to date info in there anyway).