BBN TO ACQUIRE BARRNet FROM STANFORD

[David Farber <farber () central cis upenn edu>]

>               Aquisition Would Merge Leading Internet Services
>                    For New England and San Francisco Bay Area
>
> CAMBRIDGE, MA, June 22, 1994 -- Bolt Beranek and Newman Inc.
> (NYSE:BBN) and Stanford University today announced that
> they have signed a letter of intent under which BBN would
> acquire the Bay Area Regional Research Network (BARRNet)
> from Stanford.  This agreement, when finalized, would allow
> BBN to merge its New England   NEARNETSM operation,
> which is the leading provider of Internet services in New England, with
> BARRNet, which is the leading provider of such services in the
> San Francisco Bay Area.  Financial terms were not disclosed.