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

To: zbyslaw owczarczyk who wrote (10738)	4/9/1999 7:17:00 AM
From: Glenn McDougall	Read Replies (1) \| Respond to of 18016

Nortel's share value skyrockets $8.2 billion Big win from Bell Atlantic fuels 12% rise to near-record high James Bagnall The Ottawa Citizen By stealing a huge contract from one of its major rivals, Nortel Networks Corp. triggered a stunning, 12-per-cent rise in its share price yesterday. Nortel closed yesterday at $113.50 on the TSE, up $12.30 and only a shade below the $114 record reached in intraday trading. This represented a huge, one-day gain in market value of $8.2 billion -- just shy of the entire market capitalization of Kanata-based Newbridge Networks Corp., the country's third- biggest standalone technology firm. "If the U.S. market picks up Nortel's stock and runs with it, it could go up a long, long way," said Paul Litva, an analyst with TD Securities Inc. The source of Nortel's sudden momentum was an announcement yesterday by Philadelphia-based Bell Atlantic Corp., a U.S. regional phone company with more than 42 million subscribers along the eastern seaboard, that it planned to spend $1.8 billion U.S. over the next five years to upgrade its switching and access technology. Nortel's share of this award will be $1 billion U.S., with 40 per cent earmarked for switching products and 60 per cent for access technology that will allow Bell Atlantic to offer home subscribers voice and data services at speeds as high as eight megabits per second. Alcatel, a France-based telecommunications equipment giant, has been awarded $800-million U.S. worth of new business. Nortel has emerged as a clear winner in this contest for several reasons. First, access technology has never been seen as one of its strengths. Now, Nortel has an endorsement from one of the largest phone companies in the United States. Secondly, the latest Bell Atlantic deal appears to represent a sharp setback for Nortel's top rival, New Jersey-based Lucent Technologies Inc. Third, Bell Atlantic has historically proved one of the toughest regional Bells to crack for Nortel sales people. Yesterday's win appears to end the jinx. "Industry is going to invest heavily in high-speed access over the next few years," said Nortel chief executive John Roth said in an interview, "This is a huge growth market that's just opening up and an award of this magnitude will certainly be noticed," he said. Mr. Roth added that Nortel's latest access technology -- which is built around a piece of software-heavy gear known as the Universal Edge 9000 -- is also a key part of a proposed new product line known as Succession Network. This is Nortel's multi-faceted system for helping phone companies shift gracefully from circuit (voice) technologies to packet (data) networks. "There's nothing in the Bell Atlantic announcement specifically about Succession Network," Mr. Roth said. "But a lot of the components are quite similar." He declined to say whether Bell Atlantic had begun trials of Nortel's Succession technology, which is expected to starting shipping in commercial quantities by early 2000. It's not clear what yesterday's victory by Nortel means for Newbridge, which continues to ship its flagship switching systems to Bell Atlantic in steady increments. Earlier this week, Newbridge also unveiled a strategy for helping telephone companies shift their circuit traffic in a way that permits them to send voice signals over high-speed data networks, a competitive approach to that offered by Succession Network. Newbridge might hold an edge in this future battle, at least in financial terms, because most phone companies are gradually replacing their circuit switches. Many of the latter happen to built by Nortel and Lucent, which will naturally face a decline in related service and upgrade revenue. These giants could easily make up for the shortfall by convincing major customers to upgrade to their new data technology, but the transition could prove awkward. Newbridge, which makes data switches, doesn't face this issue. Even so, investors declared decisively that yesterday was Nortel's day. Newbridge closed yesterday on the TSE at $47.90, down 85 cents on the day, while Lucent closed at $63 1 5/16 on the New York Stock Exchange, down 16.

To: zbyslaw owczarczyk who wrote (10738)	4/9/1999 10:42:00 AM
From: Glenn McDougall	Respond to of 18016

CrossKeys Newbridge deal (Full text of press release from Canadian Corporate News) APRIL 9, 1999 CrossKeys and Newbridge Sign Global Distribution Agreement for New Network Performance Software KANATA, ONTARIO--By adding CrossKeys Resolve Ni to their portfolio, Newbridge channels and distributors will offer integrated network- and service-level solutions to their carrier-class customers. CrossKeys Systems Corporation (NASDAQ: CKEY; TSE: CKY), a leading supplier of service, network and element management applications software for telecommunication service providers, today announced that is has signed a Global Distribution Agreement with Newbridge Networks Corporation for its new network performance management application, CrossKeys Resolve(r) Ni. This extends the existing arrangements for the CrossKeys Resolve portfolio to include CrossKeys Resolve Ni, which will be sold through Newbridge Networks worldwide distribution channels. Service providers will use CrossKeys Resolve Ni to analyze and improve the performance of their telecommunication networks. ''Our service provider customers run complex networks using Newbridge equipment. They need to keep networks running, track and understand performance trends, and plan for future growth,'' says Nick Derchak, Vice President Network & Service Management Products, Newbridge Networks. ''There is a huge demand for the network intelligence offered by CrossKeys Resolve Ni. Making network value visible to the decision makers is essential for all concerned.'' CrossKeys Resolve Ni addresses the complete life-cycle requirements of network performance management. It provides network planning, engineering and operations personnel with key benefits, including the ability to: - Highlight network use and congestion ''hot spots'' - Increase network predictability through performance and traffic trending - Improve time-to-market of new services by increasing confidence in network performance, and reducing test and trial time - Support decisions for network investment, leading to the deployment of a more cost effective network - Minimize the need for expensive ''Band-Aid'' fixes or network additions. ''The extension of this distribution agreement means CrossKeys Resolve Ni will hit the market supported by a well informed channel,'' says John Selwyn, President and CEO, CrossKeys. ''We work closely with our channels to ensure CrossKeys technology enhances their product offerings and provides the best value to all of our end customers.'' CrossKeys Resolve Ni is the first network performance management application that is truly carrier-scale. The software builds on the expertise CrossKeys gained by providing network reporting for Newbridge through the CrossKeys NetworkWare product line. The new CrossKeys Resolve Ni addresses the additional challenges carriers must face due to network size and traffic volume, the need to integrate with legacy systems, diversity of transport technologies, and customer demands. CrossKeys Resolve Ni will begin trials with major telecommunication carriers in both Europe and North America this April. This new application is an extension of the existing portfolio of CrossKeys Resolve software. The service management application, CrossKeys Resolve Si, is complemented by this new network performance management application. Service providers can now select one supplier-CrossKeys-to address all of their network and service performance management requirements. This saves the service provider time and money associated with staff training, software integration and equipment investment. The CrossKeys Resolve portfolio currently supports Newbridge and Ascend network management systems and is certified to inter-operate with equipment from a variety of vendors, including Cisco, Nortel Networks, Cabletron, 3Com and Siemens. It manages IP, ATM, Frame Relay and TDM based networks and services. About Newbridge 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 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. News and information are available at www.newbridge.com. Newbridge Networks Corporation is a public company whose common shares are listed for trading on the New York Stock Exchange (NN) in the United States and on The Toronto Stock Exchange (NNC) in Canada. About CrossKeys CrossKeys Systems Corporation (www.crosskeys.com) is a leading developer of performance management solutions for over 170 of the world's telecommunication service providers, helping them gain a competitive advantage in deregulated markets. CrossKeys combines a commitment to research and development with experience in the world's most demanding telecommunication markets to deliver highly advanced software applications. A leading supplier to major telecommunication equipment suppliers, CrossKeys products help service providers deliver differentiated services, implement new technologies, and manage multiple vendor networks. CrossKeys has been ISO 9001 certified since 1995. CrossKeys Systems Corporation is a public company whose common shares are listed for trading on NASDAQ (CKEY) in the United States and on The Toronto Stock Exchange (CKY) in Canada. CrossKeys and logo are registered trade marks of CrossKeys Systems Corporation. All other trade marks are the property of their respective holders and are acknowledged by CrossKeys Systems Corporation. The terms ''partner'' and ''alliance'' mean that CrossKeys and the other party have agreed to cooperate to achieve certain objectives; however, no agency relationship, partnership, or joint ownership of a legal entity is to be inferred or implied by these terms. See related releases: March 25/99-New Partner to Distribute Resolve in Latin American Market March 3/99-New application, CrossKeys Resolve Ni, Manages Performance of Carrier-Class Networks January 21/99-CrossKeys Adds Internet Protocol Support to Resolve Service and Network Management Software December 1/98-CrossKeys Installs Resolve in One of the World's Most Advanced Telecom Markets FOR FURTHER INFORMATION PLEASE CONTACT: CrossKeys Systems Corporation John Blackmore Corporate Communications (613) 599-2300 ext. 8936 E-mail: johnblaccrosskeys.com Website: www.crosskeys.com or CrossKeys Systems Corporation Shelley Moorhead Investor Relations (613) 591-1600 ext. 8336 E-mail: moorheadcrosskeys.com or High Road Communications Cathy Browne (613) 236-0909