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Technology Stocks : Ascend Communications (ASND)
ASND 199.47+1.1%Nov 6 3:59 PM EST

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To: Dee Jay who wrote (61168)6/9/1999 3:54:00 AM
From: Dee Jay  Read Replies (1) of 61433
 
Lucent Planning More Takeovers
as predicted 3 days ago ASND is not the last acquisition for LU - per Wednesday's N Y Times Bloomberg quotes LU CEO Richard McGinn as saying the pace of acquisitions would continue after the ASND $24BN deal closes.

"We have really improved our ability to make acquisitions and
integrate these companies."

Bloomberg further stated that Lucent is using acquisitions to catch up in areas where it lacked products to challenge Cisco Systems Inc.

nytimes.com
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