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

To: Freeflight who wrote (2738)	5/20/1999 7:59:00 AM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 14638

Nortel has acuired X-CEL Communications infoseek.go.com 06:27 a.m. May 20, 1999 Eastern LONDON, May 20 /PRNewswire/ -- Nortel Networks (NYSE: NT; Toronto: NT) and X-CEL Communications, Ltd. today announced that Nortel Networks has acquired London-based X-CEL Communications, a privately held leading supplier of Service Level Agreement (SLA) and Network Performance Management for customers requiring carrier-grade network solutions. X-CEL's products will be integrated into Nortel Networks Integrated Network Management (INM) product line. Nortel Networks INM is the industry's most advanced portfolio of network and service management solutions, allowing Service Providers to manage their services and network resources in a seamless and cost-effective manner. The acquisition price was paid in cash with a portion of the consideration deferred contingent upon the achievement of certain milestones. The parties have agreed not to disclose the other terms of the transaction. This acquisition is the result of an extensive search for a "best in class" solution to be integrated into Nortel Networks INM offering. X-CEL Communications has a proven track record with an installed base of over 200 customers worldwide and revenues of US$10 million in 1998. X-CEL has specialized in providing SLA, performance management and planning solutions for customers requiring carrier-grade networks. These products are available from Nortel Networks today, and customers currently using X-CEL solutions will be able to protect their investment and seamlessly integrate their SLA and performance management features with the Nortel Networks INM product portfolio. Full integration of X-CEL functionality into INM is planned for end of year 1999. This integration will maintain INM's current full multi-vendor and multi-domain capabilities including: carrier-grade IP, ATM, Frame Relay, as well as optical networking technologies such as WDM, SONET and SDH. From Optivity for the enterprise to INM for carrier-grade requirements, Nortel Networks has created the industry's most comprehensive suite of open, end-to-end network management solutions. X-CEL Communications' offerings enhance INM's already powerful portfolio of Internet Services solutions that enable valuable new Internet-based applications to be delivered by Service Providers in ways that are impossible with today's Internet. SLA and Performance Management capabilities are key enablers for these Service Providers to fully realize the potential revenue-generating capabilities of the next-generation integrated networks being built for applications such as e-commerce and multimedia services. This acquisition also reflects the strong conviction that to expand beyond the limitations of today's Internet requires open, applications enabling, integrated platforms. Such platforms will allow service providers to create new advanced Internet-based applications. Service Providers are looking for integrated platforms that provide them with open applications enabling capabilities rather than "point solutions" that target specific niche areas with narrow functionality. "The day of point solutions is over," said Stephen Dunford, CEO of X-CEL Communications. "Companies that specialize in narrow areas of functionality have to realize that their customers can no longer afford the high cost of ownership incurred in maintaining stand-alone point solutions. The move to integrate X-CEL products into Nortel Networks' INM platform will create the industry's most powerful performance management offering for customers requiring carrier-grade network solutions." "The integration of X-CEL into the INM product family is great news for both companies," said Steve Nicolle, general manager of Nortel Networks Serviceware Solutions Business Unit. "Nortel Networks gains technology and expertise that have proven their value in the marketplace. X-CEL gains access to the world's most advanced software platform providing integrated management solutions for carrier services. By joining forces, the companies are combining two strong businesses to better serve existing and future customers. We firmly believe in the importance of integrated service level reporting to our carrier customers -- that's why we chose a strategic acquisition instead of a strategic handshake as many of our competitors have done." This acquisition complements the relationship between Nortel Networks and DeskTalk Systems Inc., demonstrating Nortel Networks' commitment to both the enterprise and carrier markets for network performance management. X-CEL Communications is a leading provider of performance management and reporting systems. The company develops and markets network performance and service management reporting products and consulting services. X-CEL's customer base includes over 200 international public carriers, blue chip organizations and telecommunications equipment manufacturers. Nortel Networks delivers value to customers around the world through Unified Networks solutions, spanning mission-critical telephony and IP-optimized networks. Customers include public and private enterprises and institutions; Internet service providers; local, long-distance, cellular and PCS communications companies, cable television carriers, and utilities. Nortel Networks' common shares are listed on the New York, Toronto, Montreal, Vancouver, and London stock exchanges. Nortel Networks had 1998 revenues of US$17.6 billion and has approximately 75,000 employees worldwide. SOURCE Nortel Networks Corporation Copyright 1999, PR Newswire Other top stories

To: Freeflight who wrote (2738)	5/21/1999 6:42:00 PM
From: Ray Smith Jr	Respond to of 14638

Tellium Inc. and U.S. Government Agencies Successfully Demonstrate First Operating Fiber Optic Network for Advanced Voice, Video and Data Transmission Technology Uses Commercially Available Products and Public Networks WASHINGTON--(BUSINESS WIRE)--May 18, 1999-- Tellium, Inc. announced today that it has successfully delivered, installed and participated in a senior-level U.S. Government demonstration of the world's first high-performance fully reconfigurable optical ring network, commissioned by the Defense Advanced Research Projects Agency (DARPA). Tellium has delivered the latest multiwavelength optical network switching technology available to construct an optical ring network serving three sites in the Washington, D.C. area including the Defense Information Systems Agency (DISA), the Defense Intelligence Agency (DIA) as well as DARPA. Tellium won the $2.5 million award, in competition with major suppliers, under the program called Multiwavelength Optical Networking Technology (MONET). MONET was established to define and demonstrate how best to achieve multiwavelength optical networking on a national scale that serves both commercial and government applications. The demonstration of the high-performance technology took place at the Sheraton National Hotel from April 26 through April 29 and focused on the West Ring, Tellium's portion of the project. Demonstrations of data and full motion video including secure High Definition Television (HDTV) were transmitted at high speeds of 2.5 GB/s. For MONET, Tellium provided three Aurora-32 optical cross connects, six dense wave division multiplexers (DWDM) and four line wavelength amplifiers. Tellium's Aurora-32 Intelligent Operating System delivers protection at the optical layer for complete network survivability. The company's Optical-Unidirectional Path Switched Ring (O-UPSR) protocol delivers protection switching at speeds faster than 50 milliseconds. Telcordia provided the network management and system integration. ''We are honored to be participants in an effort that we believe will substantially change the way people communicate,'' said Mike Hodges, president and CEO of Tellium. ''What we have seen here is the launch of a new era in high-speed, high-performance communications that securely supports not only our national defense system, but has far-reaching commercial applications for the transmission of voice, data and video.'' The MONET demonstration was part of an annual premier showcase event where new technologies and government-funded technology programs are showcased for review by the DoD and all government services. The partners in the MONET consortium include AT&T, Bell Atlantic, Telcordia Technologies, BellSouth, Lucent Technologies and SBC/TRI. Tellium is headquartered in Oceanport, N.J. In 1997, it became the commercial spin-off from Telcordia (formerly Bellcore), the one-time research arm of the Regional Bell Operating Companies (RBOCs). Corporate investors include Telcordia Technologies, SAIC, Cisco, and Ortel Corporation. Financial investors include Oak Investment Partners, Accel Partners, Worldview Technology Partners and Blue Rock Capital Investors. Tellium's optical cross connect product, Aurora-32, was the first-to-market in the telecommunications industry and is the cornerstone network element of survivable mesh and ring optical networks. Tellium's robust portfolio of intellectual property is providing the seeds for new products and services. More information about Tellium can be found on the Internet at www.tellium.com. biz.yahoo.com