AT&T offers Paradyne subsidiary for sale

October 18, 1995 -- NEW YORK -- AT&T today announced it is seeking offers
from other companies for the purchase of its AT&T Paradyne subsidiary,
based in Largo, Florida. AT&T Paradyne produces and develops products and
licenses technologies providing network access for multimedia
communications.

The technologies it offers include its recently announced Globespan
transceivers that provide high speed access to global networks for
applications such as Internet access and video-on-demand.

AT&T Paradyne has annual sales of approximately $300 million in more than
90 countries and a workforce of about 1,300, according to AT&T.

"This sale will position Paradyne to market its leading edge technologies
in multimedia network access to the widest possible customer base in the
future," said John Berndt, President of AT&T Multimedia Ventures and
Technologies. "By separating from AT&T, Paradyne avoids possible conflicts
in selling to AT&T's competitors, yet AT&T will still have access to
Paradyne's current and future products and technologies as a customer."

According to Berndt, AT&T anticipates developing a preferred supplier
relationship with Paradyne.

The offering and subsequent inquiries will be handled by Morgan Stanley &
Co. Incorporated.
 
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