Sonny ---Is Level Three the company that INTC just bought ?Lucent Technologies Inc.
Dow Jones Newswires -- June 23, 1999
DJ Level 3 In 5-Yr Pact To Buy $1B Of Lucent Equipment
By Rebecca Blumenstein and Stephanie Mehta
NEW YORK (Dow Jones)--Level 3 Communications Inc. (LVLT) is expected to announce that it
has agreed to purchase $1 billion in Lucent Technologies Inc. (LU) equipment over five years,
according to people close to the situtation.
Lucent, based in Murray Hill, N.J., is selling the upstart telecommunications company a system called
"soft switch," which aims to bring the reliability of traditional circuit-switched networks to
Internet-based networks, such as the one Level 3 is now building.
The equipment will serve as a router on the Internet Protocol network that Level 3 is building.
The contract is seen as a big win for Lucent, which is trying to position itself as a leading provider of
so-called "next generation" technologies based on the same technologies that drive the Internet. Cisco
Systems Inc. (CSCO), San Jose, Calif., has traditionally been Level 3's biggest supplier.
Richard McGinn, Lucent's chief executive officer and James Crowe, chief executive of Level 3, have
scheduled a press conference at 1 p.m. EDT to discuss the contract.
Level 3 is one of several companies building nationwide fiberoptic networks to carry vast streams of
voice, video and data traffic.
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PS I am to the point just raise the damn rates to where they want to --then let the market find it's playing field ! |
