Today's Headlines
1. AT&T Announces its First Integrated Network Connection (INC) Customer
2. Agilent Technologies (HP) Acquires Qosnetics for Testing Systems
3. JDS Uniphase Acquires AFC Technologies for DWDM Amplifiers
4. Inktomi Invests $20 Million in InterNAP
5. HP Unveils "Web-plug" for Low-cost Ethernet Appliance Connectivity
6. NEC Launches 160 Gbps Undersea DWDM System
7. SkyCache Expands its Satellite Coverage
8. Infineon Introduces New OC-3 ATM/SONET/SDH Transceivers
9. Cabletron Reports Quarterly Results, New Relationship with Compaq

AT&T EXTENDS ITS INTEGRATED NETWORK CONNECTION TO 900 HOME DEPOT STORES
AT&T will provide its new ATM-based Integrated Network Connection
Service (INCS) to over 900 stores operated by The Home Depot, the nationwide home improvement retail chain. AT&T's INCS supports up to 24 voice calls and over 1.2 Mbps of Frame Relay or IP traffic on one T1 ATM line. AT&T provides a customer premise ATM multiplexer to integrate the voice and data traffic. Thirty Home Depot stores in several states are currently using the network to support in-store applications, such as customer credit validation and inventory management; all 900 Home Deport locations will be connected by mid-2000. The 3-year contract was valued at more than $100 million. http://www.att.com/press/item/0,1193,670,00.html
AT&T, September 20, 1999

AT&T first unveiled plans for its Integrated Network Connection Service (INC) in January. Home Depot is its first customer announced to date.

AGILENT TECHNOLOGIES (HP) ACQUIRES QOSNETICS FOR TESTING SYSTEMS
Agilent Technologies, the new company resulting from HP's plan to
strategically realign itself into two fully independent companies, has acquired Qosnetics, a startup developing IP-based conformance verification and performance stressing tools. Financial terms were not disclosed. Qosnetics offers an automated test system that combines router protocol conformance, validation and stress testing with traffic generation capabilities. The system offers the capability to act as a traffic intermediary for effecting quality of service (QoS) characteristics, including propagation delay, packet loss, jitter, latency and congestion. The test platform supports 10/100 Ethernet, Gigabit Ethernet, ATM/OC3, and Serial (Frame Relay and PPP) interface cards. Qosnetics will join HP's Advanced Networks Division, which is part of the company's Communications Solutions Group. Last month, HP filed registration papers with the SEC for the initial public offering of the common stock of its subsidiary, Agilent Technologies. http://www.hp.com/pressrel/sep99/20sep99h.htm
http://www.agilent-tech.com
http://www.qosnetics.com/
Agilent, September 20, 1999

JDS UNIPHASE ACQUIRES AFC TECHNOLOGIES FOR DWDM AMPLIFIERS
JDS Uniphase acquired AFC Technologies, a start-up developing
optical amplifiers and broadband instruments, for an undisclosed sum. Earlier this year, AFC Technologies introduced a series of SmartAmp amplifiers that use higher efficiency Double Band Fiber Amplifier (DBFA) technology and intelligent elements for control and monitoring. AFC said its SmartAmp doubles the conventional EDFA bandwidth barrier to 75 nm and offers fast response for add/drops and accurate gain control. AFC Technologies was founded in 1996 and has 12 full-time employees. The company is based in Hull, Quebec. http://www.jdsunph.com/
http://www.afctek.com/
JDS Uniphase, September 20, 1999

INKTOMI INVESTS $20 MILLION IN INTERNAP
Inktomi will invest $20 million in InterNAP Network Services
Corporation, a provider of fast Internet connectivity, prior to its upcoming IPO. InterNAP's uses a series of Private Network Access Points to route traffic to the major Internet backbones while bypassing the public NAPs. InterNAP's accounts include Amazon.com, Datek Online, Go2Net, ITXC, The NASDAQ, TheStreet.com and others. The deal with Inktomi includes collaboration on optimizing content distribution over the Internet. http://www.internap.com
InterNAP, September 20, 1999

PSINET ACQUIRES 4 MORE ISPS
PSINet has acquired two more Spanish ISPs (Infase Comunicaciones
and Ciberia Internet), a Brazilian ISP (ServNet Servicos) and an ISP in Hong Kong (Vision Network Limited). Financial terms were not disclosed. PSINet so far has acquired four Internet companies in Spain in the last two months, five in Brazil in the last five months, and seven in Hong Kong. Just this month, PSINet also acquired the second largest ISP in Hungary and the third largest ISP in Chile. http://www.psinet.com
PSINet, September 20, 1999

HP UNVEILS "WEB-PLUG" FOR LOW-COST ETHERNET APPLIANCE CONNECTIVITY
Hewlett-Packard (HP) introduced an embedded 10Base-T measurement
and control "plug" designed as a low-cost commercial way to make products Internet accessible. The matchbook-sized module supports the recently adopted IEEE 1451.2 standard for interfacing sensors and actuators with microprocessors, and supports standard protocols such as TCP/IP and HTTP over any 10Base-T Ethernet network. The device offers time synchronization to make correlated measurements and to precisely control events. http://www.hpie.com/  
HP, September 20, 1999

NEC LAUNCHES 160 GBPS UNDERSEA DWDM SYSTEM
NEC launched a 160 Gbps (10 Gbps x 16) optical submarine cable
system capable of 300 km non-repeated distances. The systems will be in service upgradable to 32 channel of OC-192. http://www.nec.co.jp/english/today/newsrel/9909/1701.html
NEC, September 20, 1999

SKYCACHE EXPANDS ITS SATELLITE COVERAGE
SkyCache has contracted for a full transponder on GE-1E, a Ku-band
satellite owned by GE American Communications with a footprint that covers the Nordic countries, Western Russia, the Middle East and North Africa. The SkyCache satellite service can be used by ISPs for updating Web content caches, Usenet news feeds, digital audio/video distribution, FTP mirroring and web site replication. SkyCache began services in Europe last year with a smaller capacity contract on GE-1E and in the US earlier this year with service on GE-3. It currently serves over 150 North American and European customers. Further expansion to satellites over Asia and Latin American are planned. http://www.skycache.com/
SkyCache, September 20, 1999

INFINEON INTRODUCES NEW OC-3 ATM/SONET/SDH TRANSCEIVERS
Infineon Technologies, formerly Siemens Microelectronics,
introduced new OC-3, single-mode ATM transceivers operating at 3.3 v or 5.0 v. Infineon said it expects continued strong demand for ATM transceivers, especially 3.3-volt transceivers. http://www.infineon.com/
Infineon Technologies, September 20, 1999

CABLETRON REPORTS QUARTERLY RESULTS, NEW RELATIONSHIP WITH COMPAQ
Cabletron Systems reported quarterly sales of $356.6 million as
compared with $349.5 million in the preceding quarter and $370.6 million for the same period last year. Net income was $12.5 million, or $0.07 per diluted share. The company noted strong sales of its SmartSwitch Router with sales growth of over 200% year-over-year. Separately, Cabletron announced an preliminary agreement with Compaq to refocus its networking partnership around Cabletron's SPECTRUM network management products and services. Compaq has also decided to not to introduce Compaq-branded versions of Cabletron networking equipment. Sale of the Digital-branded networking product line will continue; the companies expect that customers will transition from Digital-branded networking products to Cabletron and its resellers rather than through Compaq. http://www.cabletron.com/news/press-room.html
Cabletron Systems, September 20, 1999

Zacks reported consensus estimates of $0.06 per share


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