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

To: Bosco who wrote (2748)	5/21/1999 1:06:00 PM
From: Paul Lee	Read Replies (1) \| Respond to of 14638

Nortel Networks Continues Layer 3 Switching Market Leadership Report Names Nortel Networks Number One in Revenue Share SANTA CLARA, May 21 /PRNewswire/ - Nortel Networks (NYSE/TSE: NT) today announced continued worldwide leadership in the Layer 3 switching market with 24 percent of the market share based on revenue, according to the latest study from market research firm The Dell'Oro Group. The calendar year (CY) Q1'99 report states Nortel Networks' continued market leadership, with the number one position in revenue share for the entire Layer 3 switching market. Nortel Networks has led the Layer 3 switching market since The Dell'Oro Group began tracking the market in the first quarter of CY'98. Nortel Networks' Accelar family of enterprise switches are installed in more network centers worldwide than any other Layer 3 switching product. Nortel Networks' Accelar enterprise switch family delivers the levels of resilient, application-optimized performance necessary to provide true data, telephony and video application integration for creating Unified Networks. Since we pioneered the routing switch market in 1997, we have consistently been a technology and market leader,'' said Basil Alwan, vice president of Enterprise Solutions Switching Products, Nortel Networks. ''We have built the industry's largest installed base of Layer 3 switched backbones and our customers leading this trend are seeing the benefits. Layer 3 switches not only offer immediate performance gains versus traditional routers but also provide a network foundation that can support future applications such as streaming voice and video.'' Nortel Networks defined the Layer 3 switching market with the Accelar line of routing switches. In 1998, Accelar was established as the dominant Layer 3 switch product line, with Nortel Networks holding 44 percent revenue share for the year(1). Building on this leadership, Nortel Networks this year announced the Accelar 8000 enterprise switch platform which will deliver next-generation routing switch capabilities ideally suited for IP telephony in the campus LAN. The latest market numbers represent the company's continued delivery of proven enterprise Ethernet switching solutions that leverage the newest capabilities -- including advanced application support such as Quality of Service and Class of Service, multiple levels of redundancy and Enterprise-level network management -- to provide high-performance networks that support business-critical applications. 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.