Alcatel plans North American blitz

Article Abstract:

Alcatel SA (France) will quickly absorb Newbridge Networks Corp. (Kanata, Ontario) and begin an assault on North American markets following approval of its $7.1-billion (US) all-stock acquisition by shareholders of both firms yesterday. Newbridge develops products that increase the capacity of communications networks. The products include asynchronous transfer mode switches, which route data, and digital subscriber line technology, which boost the speed of copper phone lines. Alcatel wants to use Newbridge as a platform in its bid to become one of the top three players in the data networking industry. Alcatel is looking to Newbridge products and clientele to help it catch up with rival networks giants Nortel Networks Corp., Lucent Technologies Inc. and Cisco Systems Inc. Alcatel will launch a new division organized around Newbridge's headquarters in Kanata, at the Supercomm trade show next month in Atlanta. The new division will focus on the booming market for high-speed, or broadband, network gear and concentrate on expansion in the US market. The deal with Alcatel is expected to more than double Newbridge's revenue to $5-billion in the next 18 months.

France, Compagnie Financiere Alcatel, Newbridge Networks Corp., NN

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Nortel cuts $9-billion deal

Article Abstract:

Northern Telecom Ltd. is purchasing Santa Clara, CA-based Bay Networks Inc. for $9.1 billion in an effort to be independent of traditional voice telecommunications and enter the fast-growing Internet market. The deal, which is among the biggest in the telecom equipment-making business, involves Bay Network's good technology and strong clientele despite a weak balance sheet. The acquisition will also make the biggest high-technology firm in Canada a large player in the computer network market with competing US titans such as Cysco Systems Inc.

Comment:

Is purchasing Santa Clara, CA-based Networks Inc. for $9.1 bil in a move to be independent of traditional voice telecom

Office & Computing Machines, California, Office equipment, Northern Telecom Ltd., Bay Networks Inc., Article

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Nortel beats expectations, plans share split

Article Abstract:

Brampton, Ont.-based Nortel Networks Corp., which is Canada's leading high technology company, has reported that it surpassed earnings expectations. Nortel, which is building a fiber optics communications network, reported profits of $1.7 billion in 1999.

Sales, profits & dividends, Statistical Data Included, Finance, Nortel Networks Corp., NT

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