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I noticed someone mentioned Bellcore a while ago; this might be of interest:
Bellcore Sold By RBOCs
(11/19/96; 1 p.m. EST)
By David Braun, TechWire
Morristown, NJ -- Science Applications International Corp. said
Thursday it has agreed to purchase Bell Communications Research, Inc.
(Bellcore), the global provider of communications software,
engineering, and consulting services currently owned by the Regional
Bell Operating Companies.
The transaction is expected to be finalized in late 1997 after
Bellcore's owners, which include Ameritech, Bell Atlantic, BellSouth,
Nynex, Pacific Telesis Group, SBC Communications, and U S West, get
regulatory approval. Terms of the deal were not disclosed.
Bellcore, formed in 1984 as a research and engineering company
supporting its seven owners, has become a leading provider of
communications software, engineering and consulting services.
Headquartered in Morristown, New Jersey, it has 5,600 employees and
annual revenues exceeding $1 billion.
Bellcore's owners indicated last year they were considering selling
the company as a result of changing developments in the
telecommunications industry and the owners' diverging strategies and
Announcing the decision to buy Bellcore, SAIC Chairman and CEO J.
Robert Beyster said: "We envision serving new markets where our two
companies can combine their considerable skills. These include large
software projects, advanced network designs, secure networks, Internet
technologies, wireless communications, and other advances in
telecommunications software systems and technology."
Marty Kaplan, President - Network Services Group, Pacific Bell, and
spokesperson for the Bellcore Board, said: "During the 13 years that
we have owned Bellcore, we and our customers have benefited
significantly from its in-depth understanding of emerging networks and
technologies. Our companies look forward to continuing to do business
with Bellcore as it embarks on the next stage of its successful
evolution as a fully commercialized company."
Kaplan added that, to support their commitment to national security
and emergency preparedness, the RBOCs will be forming the National
Telecommunications Alliance (NTA), which will be headed by Larry