Briefs

Network World reports (Oct 2, 2001) that telecom software vendor
Amdocs will buy Nortel Networks's Clarify CRM (customer relationship
management) division for $200 million cash, the companies announced
Tuesday.

The sale comes just two years after Nortel paid a high premium for CRM
vendor Clarify in a deal worth $2.1 billion in stock when it first was
announced in October 1999.

Amdocs sells billing and order management software to a strong roster
of telecoms, including BellSouth, British Telecom, Nextel
Communications, and Verizon Communications. The Israeli company will
use Nortel's Clarify software to enhance its customer care
functionality and differentiate itself in the crowded, slow-growth
telecommunications billing market.

The sale is expected to close in the fourth quarter pending regulatory approval.

See full story at http://www.infoworld.com/articles/hn/xml/01/10/02/011002hnnortelsell.xml