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Technology Stocks : Lucent Technologies (LU)

LU 2.820

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Nov 7 3:59 PM EST

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To: manito888 who wrote (8245)	6/23/1999 1:31:00 PM
From: William Hunt	Read Replies (1) of 21876

THREAD ---Lucent Technologies Inc. Dow Jones Newswires -- June 23, 1999 DJ Level 3 Confirms It'll Buy Lucent Equipment BROOMFIELD, Colo. (Dow Jones)--Level 3 Communications Inc. (LVLT) confirmed it plans to acquire Lucent Technologies Inc. (LU) equipment for a minimum of four years. The agreement is worth about $250 million. In a press release Wednesday, Level 3 Communications said the contract's value has a potential to increase to $1 billion over a five-year period. As reported earlier, Level 3 Communications was expected to announce that it agreed to purchase $1 billion in Lucent Technologies equipment over five years. Level 3 Communications agreed to acquire Lucent Technologies' systems including softswitches, a Bell Labs-developed software switch for Internet protocol networks. Level 3 and Lucent Technologies also agreed to collaborate on future enhancements of softswitches and gateway products to support next-generation broadband services. Level 3 Communications is a communications and information services company. BEST WISHES BILL

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