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

To: Kenneth E. Phillipps who wrote (2296)	3/25/1999 7:06:00 PM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 14638

Northern Telecom May Take Over European Network Supply Contract Toronto, March 25 (Bloomberg) -- Northern Telecom Ltd. has been asked by a leading European telecommunications company to supply networking equipment to it, replacing a rival U.S. manufacturer, a Northern Telecom spokesman said. ''It's a European company that's dissatisfied with its current network supplier,'' said Jeff Ferry, a spokesman for the No.2 phone-equipment maker in North America. Ferry wouldn't comment on the size of the contract or name the companies involved. Northern Telecom, which sells its products under the brand name Nortel Networks, would supply asynchronous transfer mode, or ATM, products and switch routers to the European company, Ferry said. Nortel's ATM products enable high-speed transmission of voice, data and video information over networks. Northern Telecom's major U.S. rivals in the networking sector are Cisco Systems Inc., 3Com Corp. and Lucent Technologies Inc. Northern Telecom rose C$1.50 (US$0.99), or 1.6 percent, to C$93 in Toronto. Earlier, it touched C$94.15. Newbridge Networks Corp., a Canadian maker of phone-network equipment, said earlier this month it won a contract from the international telecommunications joint venture Global One to supply ATM switches.