Ascend Continues Commanding Lead in Remote Access Markets According to Six Leading Market Research Firms.ALAMEDA Alameda (ăləmē`də, –mā`də), city (1990 pop. 76,459), Alameda co., W central Calif., on an island just off the eastern shore of San Francisco Bay; settled 1850, inc. as a city 1884. , Calif.--(BUSINESS WIRE)--June 7, 1999-- Ascend Communications, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ASND ASND A Streetcar Named Desire (play) ) a leader in wide area networking (WAN) and Intelligent Network (IN) solutions for providers and users of the next-generation public network, today announced that the latest figures from several analyst groups confirm the company's continued number one leadership position in Remote Access Concentrator A remote access server that supports one or more T1/E1 lines, allowing multiple analog and ISDN calls to come in over one port from the telephone company. Remote access concentrators can handle much higher call densities than remote access servers. (RAC See remote access concentrator. ) market segments. Reports from Cahners In-Stat, Dell'Oro Group and Synergy Research Group covering the first quarter of 1999, as well as reports from Dataquest, International Data Corp. (IDC), and Probe Research covering 1998, illustrate Ascend's ongoing dominance in RAC port shipment and revenue categories. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the latest market share reports, Ascend continues to hold a commanding lead as the top vendor in the RAC market bolstered by its dominance in the service provider segments. RAC Revenue Leadership Ascend leads all equipment vendors in RAC revenue to service providers according to all of the latest reports, as well as total RAC revenue according to four of the most recent market share reports. Ascend's leading market share figures in RAC revenue to service providers include 40.7 percent -- nearly 15 percentage points more than the nearest competitor (Cahners In-Stat, Q1 '99 data), 41.6 percent -- nearly 14 percentage points more than the nearest competitor (Dell'Oro, Q1 '99 data), 30.9 percent (IDC, 1998 data), 34.7 percent (Probe Research, 1998 data), and 35.5 percent (Synergy Research, Q1 '99 data). Ascend's leadership in total RAC revenue is supported by the following market share figures: 31.4 percent (Cahners In-Stat, Q1 '99 data), 35.6 percent (Dell'Oro Group, Q1 '99 data), 28.8 percent (Probe Research, 1998 data), and 30.9 percent (Synergy Research, Q1 '99 data). RAC Port Leadership Ascend continues to be the recognized leader in worldwide RAC port shipments in virtually every published report covering the market segment. Ascend's lead in RAC port shipments has been calculated to be nearly 20 percent more than the closest competitor (Probe Research, 1998 market data). Ascend's dominant market share percentages in worldwide RAC port shipments include 33.9 percent (Cahners In-Stat, Q1 '99 data), 35.6 percent (Dataquest, Q4 '98 data), 34.6 percent (Dell'Oro Group, Q1 '99 data), 34.2 percent (IDC, 1998 data) and 40.6 percent (Probe Research, 1998 data). In addition Frost & Sullivan research found Ascend to be the market leader in U.S. RAC port shipments in 1998 with 30 percent market share. Dataquest also provided port shipments to service provider figures illustrating Ascend's dominance in the segment with 42.3 percent market share, more than 17 percent higher than the nearest competitor. "Last month we announced that, to date, we have shipped out 12 million remote access ports -- more than twice as many as our nearest competitor," said Kurt Bauer, vice president, product marketing, Access Switching Division, Ascend Communications. "We continue to work diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d to remain the market leader and are very pleased that these market research figures continue to prove that Ascend remains at the head of the pack." Ascend's Remote Access Solutions Ascend's leadership in the remote access market is centered on the MAX families of WAN access switching products, offering the broadest range of access solutions in the industry. Ascend's MAX(TM) WAN access switch product line includes powerful remote access concentrators that help enterprises and network service providers build remote networks of any size, with virtually any combination of analog and digital carrier services. The MAX TNT TNT: see trinitrotoluene. TNT in full trinitrotoluene Pale yellow, solid organic compound made by adding nitrate (−NO2) groups to toluene. (TM) is a carrier-class WAN access switch that gives large corporations and network service providers a high-capacity, multiservice platform for building high-density networks. The MAX family is powered by Ascend's True Access(TM) Operating System operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. (TAOS), the first comprehensive software architecture for WAN access environments; enabled by NavisAccess, the next-generation tool for managing dial access and frame relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. concentration environments; and implemented by Ascend's customer technical support and education, logistics, and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , Global Integration Services (GIS (1) (Geographic Information System) An information system that deals with spatial information. Often called "mapping software," it links attributes and characteristics of an area to its geographic location. ). About Ascend Communications Ascend Communications, Inc. (NASDAQ: ASND) develops, manufactures, sells and services wide area networking solutions for telecommunications carriers, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and corporate customers worldwide. For more information about Ascend and its products, please visit the Ascend Web site at www.ascend.com, or send e-mail to info@ascend.com. For Investor Relations Investor relations The process by which the corporation communicates with its investors. , please call our communications hotline at 800-648-3059 or 760-704-4423 (outside the US & Canada). Additional investor information can also be accessed on our Web site at: http://www.ascend.com/investor/. Ascend is headquartered at One Ascend Plaza, 1701 Harbor Bay Parkway Bay Parkway refers to the following roads and transit stations: Roads
In January 1999, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Lucent Technologies, Inc. ("Lucent"), pursuant to which, each outstanding share of Ascend common stock will be exchanged for 0.825 shares of Lucent common stock and each outstanding option or warrant to purchase Ascend common stock will be converted into an option or warrant to purchase Lucent common stock (adjusted for the exchange ratio). In February 1999, Lucent announced a two-for-one stock split, payable on April 1, 1999, to shareholders of record as of March 5, 1999. Under the terms of the Merger Agreement, the exchange ratio will be adjusted for the effect of this stock split and any similar changes in the capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. of Lucent. The foregoing statements may contain forward looking statements that are based on current expectations and involve risks and uncertainties. Actual results could differ materially from these expectations as a result of factors including, but not limited to, the Company's success in developing, introducing or shipping new products, competition, the mix of distribution channels employed, the Company's dependence on single or limited source suppliers for certain components used in its products, risks inherent in international sales, seasonality and general economic conditions. These and other factors are discussed in Ascend's 10-K, 10-Q and other filings made periodically with the Securities and Exchange Commission. |
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