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To: Caravan who wrote (76569)	5/24/1999 5:37:00 PM
From: BRANDYBGOOD	Read Replies (1) \| Respond to of 119973

DIGL-here's the new article: (PR NEWSWIRE) Digital Lightwave Signs OEM Contract With Lucent Technologie Digital Lightwave Signs OEM Contract With Lucent Technologies Will Provide Integrated Optical Monitoring For Lucent's New WaveStar(TM) System CLEARWATER, Fla., May 24 /PRNewswire/ -- Digital Lightwave(R), Inc. (Nasdaq: DIGL), a provider of optical networking products, today announced it has signed an original equipment manufacturer (OEM) contract to provide integrated performance monitoring and diagnostic capabilities for the Lucent Technologies Inc. (NYSE: LU) WaveStar Optical Line System (OLS) 400G. Lucent's placement of orders for product is conditional upon Digital Lightwave achieving certain milestone events. Lucent Technologies' WaveStar is a new modular 80-channel Ultra-Dense Wave Division Multiplexing (UWDM) optical transmission system that dramatically increases fiber capacity and flexibility for global optical networks. Developed by world-renowned Bell Labs, the system delivers up to 400 gigabits- per-second capacity over a single strand of fiber -- equivalent to carrying more than three million simultaneous calls on one fiber. Under the OEM agreement, Digital Lightwave will manufacture an optical monitoring system designed for integration within the WaveStar system, based on its core Network Access Agent(TM) technology. This new Lucent-branded product provides comprehensive error analysis and performance monitoring of any of the eighty OC-48 channels in the WaveStar system. "Digital Lightwave is committed to providing intuitive testing of optical networks that give our customers a competitive advantage," said Gerry Chastelet, president and chief executive officer of Digital Lightwave. "We are excited that Lucent, a global leader in optical networking, has chosen our Network Access Agent technology for its revolutionary UWDM system." Lucent and Digital Lightwave plan to demonstrate the new optical monitoring technology at Supercomm '99 in Atlanta, Georgia, June 8-10. About Digital Lightwave Digital Lightwave serves the growing fiber optic networking industry -- high-speed telecommunications networks based on fiber-optic technology -- with products that monitor, maintain and manage voice, data and multimedia communication networks. Digital Lightwave customers include leading telecommunications service providers and equipment manufacturers. The company is headquartered in Clearwater, Florida, and can be located on the Internet at lightwave.com. Except for the historical statements made herein, this release contains certain forward-looking statements that may involve a number of risks and uncertainties. Factors that could cause actual results or events to differ materially from these forward-looking statements include that the company may be unable to successfully complete negotiations regarding specific terms for the OEM arrangement with Lucent Technologies; that, in any event, Lucent Technologies may not actually purchase any products from the company, or may only purchase a limited amount of the company's products; that the company may be unable to successfully achieve the milestones set forth in the OEM contract; that any products the company develops and provides to Lucent Technologies may have defects and may not perform to the specifications required by Lucent Technologies; that the company may be unable to successfully manufacture on a timely basis the products to be manufactured under the OEM contract; and that the company may be unable to compete with products that a competitor may provide to Lucent Technologies. In addition, the company's success under any such arrangement would depend on the overall success of the company as a whole, which is subject to many risks and uncertainties, including the company's limited operating history; quarterly fluctuations in its operating results; dependence on a limited number of products; rapid technological changes; the company's ability to compete effectively with other companies; the company's dependence on a limited number of major customers; the company's dependence on contract manufacturing and limited source suppliers; delays in product development and delivery schedules; the company's success in relocating its production and assembly operations; the company's ability to manage its growth; the company's ability to enter into strategic relationships; the company's dependence on key personnel; the company's dependence on proprietary technology; the company's success in defending significant litigation; liquidity risk and future capital needs; general business conditions; and other factors described in the company's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K and Quarterly Reports on Form 1O-Q. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The company assumes no obligation to update information contained in this release. Digital Lightwave(R) is a registered trademark of Digital Lightwave, Inc. All other product names herein may be trademarks and/or registered trademarks of the respective companies. SOURCE Digital Lightwave(R), Inc. -0- 05/24/99 /CONTACT: William Rooney, Corporate Communications Director, Digital Lightwave(R), Inc., 727-442-6677/ /Web site: lightwave.com (DIGL LU) CO: Digital Lightwave(R), Inc.; Lucent Technologies, Inc. ST: Florida IN: CPR TLS SU: CON * end of story *