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PAUL G. STERN, FORMER CEO OF NORTHERN TELECOM, JOINS FORSTMANN LITTLE AS SPECIAL LIMITED PARTNER

 NEW YORK, Oct. 19 /PRNewswire/ -- Dr. Paul G. Stern, a prominent international executive who was most recently chairman and CEO of Northern Telecom Ltd., has joined Forstmann Little & Co. as a special limited partner. Forstmann Little is a private investment firm which currently owns or controls seven companies with total revenues of some $4.5 billion, including such well-known names as General Instrument and Gulfstream Aerospace.
 In this new position, Stern will be involved with selected Forstmann Little portfolio companies as well as certain of the firm's future investments. Forstmann Little currently has approximately $2 billion in committed capital for such investments,
 In addition to joining the board of directors of Gulfstream Aerospace, Stern has been named to Forstmann Little's International Advisory Committee. This group also includes James Burke, former CEO of Johnson & Johnson; Drew Lewis, CEO of Union Pacific; Donald Rumsfeld, former secretary of defense and recently retied CEO of General Instrument; George Shultz, distinguished fellow at the Hoover Institution of Stanford University and former secretary of state; and Robert Strauss, senior partner of Akin, Gump, Strauss, Hauer & Feld and former ambassador to Russia.
 "Paul Stern is a world-class talent who had many opportunities available to him, so we are particularly pleased that he has chosen to join us," said Theodore J. Forstmann, senior partner of Forstmann Little. "His breadth of experience will further strengthen the firm as we manage our current investments and seek new opportunities where we can deploy our unique kind of capital to create superior returns for our investors."
 Stern, 54, is the second prominent executive who has recently joined Forstmann Little. Last month, Daniel Akerson, 44, president and chief operating officer of MCI, became Forstmann Little's seventh general partners. Akerson was also named chairman and CEO of General Instruments.
 "This is a wonderful entrepreneurial opportunity for me to be part of a firm that is at the cutting edge of American capitalism," said Stern. "Forstmann Little has a well-deserved reputation for integrity, and nobody else has its track record of returns and the capital to do significant acquisitions without third parties."
 Stern is also a visiting executive professor at the Wharton Business School of the University of Pennsylvania. In addition, he is a director of Dow Chemical Company, LTV Corporation, Varian Associates, and Whirlpool Corporation.
 Stern had been chairman and chief executive officer of Northern Telecom from 1989 until earlier this year. Previously, he was president of Unisys Corporation, president and chief operating officer of Burroughs Corporation, corporate vice president at Rockwell International, and chairman and chief executive officer of Braun A.G. Earlier, he held various senior management positions at IBM.
 He is a member of the board of directors of Hudson Institute and of the American Enterprise Institute, the board of trustees of the Committee for Economic Development and of the Institute for Advanced Study at Princeton, and the board of overseers of the executive council on foreign diplomats at the U.S. State Department. He also serves on the White House National Security Telecommunications Advisory Committee and is treasurer of the John F. Kennedy Center for the Performing Arts.
 Stern holds a doctorate in physics from the University of Manchester.
 Forstmann Little & Co. is a private investment firm that has invested a total of more than $10 billion in 18 acquisitions since it was founded in 1978.
 -0- 10/19/93
 /CONTACT: George Sard or Anna Cordasco of Sard Verbinnen & Co., 212-687-8080/


CO: Forstmann Little & Co. ST: New York IN: FIN SU: PER

SH-TS -- NY033 -- 3823 10/19/93 09:59 EDT
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Date:Oct 19, 1993
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