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Short Take: Bay invests $37.6 million in NetSpeak

Bay Networks has finalized its $37.6 million equity investment in NetSpeak, a maker of IP (Internet protocol) telephony technology. The companies will team to build new networking systems for handling voice and fax services based on IP.

Bay Networks has finalized its $37.6 million equity investment in NetSpeak, a maker of IP (Internet protocol) telephony technology. The companies will team to build new networking systems for handling voice and fax services based on IP.