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Subject: BBN TO ACQUIRE BARRNet FROM STANFORD
> > 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.
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