Nortel
Networks Completes Acquisition of Alteon WebSystems
2000, October
5 - BOSTON - Nortel Networks Corporation [NYSE/TSE: NT] today announced that it
has completed the acquisition of Alteon* WebSystems [NASDAQ: ATON], the leader
in content networking. Alteon WebSystems stockholders approved the acquisition
at their annual meeting held October 4, 2000. The acquisition was effected by
the merger of a wholly owned subsidiary of Nortel Networks with and into Alteon
WebSystems.
Nortel Networks Content Networking will span the Optical
Internet, Wireless Internet, Local Internet and eBusiness. As a result, service
providers, Internet data centers, Web hosters and portals will be able to
improve the reliability, speed and profitability of the sites and services they
offer, as well as tailor their offerings based on individual user needs. Content
Networking will also enable enterprises to more easily manage, scale and
optimize the infrastructure required to deliver mission-critical eBusiness
capabilities. The new business unit provides Nortel Networks customers with
industry leading content networking capabilities to deliver robust, reliable,
high-performance Web server infrastructure. With intelligent networking, ASPs
can increase Web traffic response time, enabling low latency, maximizing
price/performance under load, and allowing for addition of future, value-added
services. It can also enable eBusiness and eContent sites to enhance reliability
and performance of their Web server data centers.
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