THREAD ---Lucent Technologies Inc.
The Wall Street Journal -- June 21, 1999
Business Brief -- LUCENT TECHNOLOGIES INC.:
Talks Are Held to Acquire
Internet-Switches Company
Lucent Technologies Inc., Murray Hill, N.J., is in talks to acquire Nexabit Networks Inc., a closely
held company that makes high-speed Internet switches, for $600 million to $800 million. People
close to the situation say that a deal for the Marlborough, Mass., company, isn't imminent as the
companies have yet to reach an agreement. The talks were first reported in The New York Times.
Lucent has acquired about a dozen data-networking companies in the past 18 months to bolster its
ability to develop equipment that delivers data traffic more efficiently. On Thursday, shareholders of
Ascend Communications Inc. are scheduled to approve the largest such deal, Lucent's $20 billion
purchase of Ascend. In New York Stock Exchange composite trading, Lucent rose $1.3125 to
close at $62.9375.
BEST WISHES
BILL |
