Cabletron Sells Flowpoint Subsidiary to Efficient Networks in Deal Valued At Over $860 Million -- Substantially Increases Shareholder Value.ROCHESTER, N.H.--(BUSINESS WIRE)--Nov. 22, 1999-- Cabletron Systems (NYSE NYSE See: New York Stock Exchange :CS) today announces that it has reached a definitive agreement for the sale of its FlowPoint subsidiary to Efficient Networks (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 :EFNT) and has formed an OEM alliance with Efficient to fully penetrate the xDSL market. FlowPoint is the leading developer of broadbto close during Cabletron's fiscal fourth quartnds to continue focusing on providing high-end solutions, including web caching, server load balancing, and multi-dwelling unit solutions, to service providers, including ASPs, ISPs, CLECs, ILECs, MSOs and RBOCs." Through the OEM alliance, Cabletron gains access to the broadest portfolio of customer premise equipment in the industry--including DSL routers and modems-- while providing Efficient with the enhanced reach of Cabletron's large service provider sales force, 7 X 24 global support organization and broad suite of networking products. "The acquisition solidifies Efficient's leadership in the customer premise portion of t largest service providers and DSLAM (DSL Access Multiplexor) A central office (CO) device for ADSL service that intermixes voice traffic and DSL traffic onto a customer's DSL line. It also separates incoming phone and data signals and directs them onto the appropriate carrier's network. See DSL. vendors innternetConnect, Hong Kong Telecom, British Telecom, Telefonica, Bell South, Bell Atlantic, Ameritech, BSBC BSBC Bromeliad Society of Broward County BSBC Bedford School Boat Club (UK) BSBC Bad Saarow Bridge Club , Covad, PAC Bell, UUNET (UUNET Technologies, Inc., Fairfax, VA, www.uunet.net) Founded in 1987, UUNET was the first commercial Internet service provider. Originally offering e-mail and news, it became a full Internet service organization providing dial-up and leased line accounts as well as archive space for , Northpoint, BTI, CAIS CAIS - Common APSE Interface Specification Internet, Concece providers and small businesses, Cabletron isishes service providers and small to mid sized y. As a recognized worldwide leader in the DSL market, Efficient Networks is a member of the ATM Forum and t and in Amsterdam and Singapore. For more inform |
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