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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Tim Luke who wrote (18848)	10/23/1997 3:40:00 PM
From: Glenn D. Rudolph	of 61433

LUCENT TECHNOLOGIES REORGANIZES, CREATES NEW DIVISIONS Futures World News - October 23, 1997 12:28 STOCK V%FWN P%FWN ------------------------------------------------------------------------ Jump to first matched term Murray Hill, N.J.-Oct. 23-FWN/UPI--LUCENT TECHNOLOGIES Inc. announced today it is reorganizing its operations and appointing two chief operating officers to oversee the creation of several new divisions. Lucent said it expects no financial charges or any changes in staff levels as a result of the reorganization. Lucent said the reorganization will lift its focus on high growth areas such as wireless, semiconductors, data networking and optical networking. The changes take effect Nov. 1. The company appointed two chief operating officers to oversee the reorganization effort under which its existing three business units, microelectronics, business communications systems and systems for network operators, will be broken down into smaller businesses. Lucent said the move is aimed at bringing new offerings in several high-growth markets to customers as quickly as possible. Lucent's groups will be expanded with the creation of a global service provider business; wireless networks group; switching and access systems group; optical networking group; network products group; communications software group; an intellectual property division; and a new ventures group. Lucent noted that, in nearly all cases, customers will continue to be served by the same sales and service people who work with them now. HeadlinesÿÿPrevious StoryÿÿNext Story

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