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Technology Stocks : Lucent Technologies (LU)

LU 2.520

-1.4%

Nov 26 3:59 PM EST

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To: Chuzzlewit who wrote (9088)	8/9/1999 10:38:00 PM
From: tajen	Read Replies (1) of 21876

Lucent May Buy Intl Network Svc for $3.7 Bln, Forbes.com Says Murray Hill, New Jersey, Aug. 9 (Bloomberg) -- Lucent Technologies Inc., the world's largest phone-equipment maker, is in talks to buy International Network Services for about $3.7 billion to gain the company's expertise in designing and managing data networks, Forbes.com reported, quoting a person familiar with the negotiations. The companies may make an announcement about an acquisition of International Network for about $55 a share as early as tomorrow. Lucent officials declined to comment, and International Network executives couldn't immediately be reached, Forbes.com said. A spokeswoman for International Network Services declined to comment on the Forbes.com report. (Forbes.com 8/9 www.forbes.com)

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