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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 172.94

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Jan 2 3:59 PM EST

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To: Ramsey Su who started this subject	3/19/2001 5:57:49 AM
From: salemas	of 197076

Monday March 19, 4:58 am Eastern Time Lucent set to announce $5 bln Verizon contract-WSJ NEW YORK, March 19 (Reuters) - Lucent Technologies Inc. (NYSE:LU - news) will Monday announce a three-year, $5 billion contract to outfit Verizon Wireless (NYSE:VZ - news) with kit designed significantly to increase the capacity of the nation's largest wireless provider, the Wall Street Journal reported in its online edition Monday. With the Verizon contract, Lucent's largest wireless deal to date, Lucent will now supply 65 percent of Verizon's network, the paper reported Jim Brewington, group president of Lucent's Wireless Networks Group, as saying. The equipment, designed around a wireless transmission standard called CDMA 2000, will allow Verizon to double its capacity for voice calls over its existing wireless networks, the paper said. It will also boost wireless transmission rates by as much as 10 times the current speed, to 144 kilobits per second, it added. Lucent shares finished off $1.05 at $9.99 on the New York Stock Exchange Friday, a shade above a 52-week low of $9.90. The stock has a 52-week high of $69.75. New York Newsroom (212) 859-1700 biz.yahoo.com

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