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Technology Stocks : Newbridge Networks

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To: pat mudge who wrote (11842)	6/11/1999 7:30:00 AM
From: zbyslaw owczarczyk	Read Replies (1) of 18016

Lucent aims for contracts with MCI, Sprint NEW YORK, June 10 (Reuters) - Lucent Technologies Inc. (NYSE:LU - news) said Thursday it is working aggressively to land contracts with long-distance telephone companies MCI WorldCom Inc. (Nasdaq:WCOM - news) and Sprint Corp. (NYSE:FON - news) and it expects to move into the business of providing equipment for cable companies. Lucent, the world's largest telecommunications equipment provider, said it already provides equipment for Sprint's wireless business but it is aiming to serve Sprint's long-distance business and new ION network as well. Lucent also said it was doing trials with MCI WorldCom and it was optimistic about its prospects to work with the No. 2 U.S. long-distance phone company. The cable television industry is one area where Lucent has been seen as slow in addressing, but Lucent said that is about to change. Nina Aversano, head of Lucent's global service provider business in North America, said, ''You'll be seeing some exciting things from Lucent -- we have to play in this space ... We know it's a business we can't ignore.'' Aversano did not comment on whether Lucent would be creating products internally or whether it would buy a company with expertise in cable television equipment. Lucent reiterated that it expects to see revenue growth of 19 to 20 percent in fiscal 1999 and earnings per share growth of 35 percent. Lucent said it has seen strong demand from communications service providers among both incumbent carriers and emerging companies. It is also aggressively targeting the optical networking market. The company also reiterated it will continue to make acquisitions as needed to get into new areas or to accelerate its growth. Lucent expects its proposed acquisition of data networking company Ascend Communications Inc. (Nasdaq:ASND - news) to close shortly. Aversano said the integration with Ascend is going well and the two companies are benefiting from each others customer relationships. MCI WorldCom is Ascend's largest customer, Aversano said. Shares of Lucent were off 3/4 at 60-1/8 in early morning trading on the New York Stock Exchange.

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