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Technology Stocks : Lucent Technologies (LU)
LU 2.655+0.6%Dec 26 3:59 PM EST

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To: MMW who wrote (9589)9/21/1999 4:04:00 AM
From: William Hunt  Read Replies (1) of 21876
 
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Tuesday September 21, 2:16 am Eastern Time
Iwatsu Electric, Lucent agree on Japan tie-up
TOKYO, Sept 21 (Reuters) - Iwatsu Electric Co Ltd said on Tuesday it and Lucent Technologies Inc (NYSE:LU - news) of the United States had agreed on a broad business tie-up in Japan including joint development, production and sales of equipment and software for computer-telephony integration.

Iwatsu said in a statement the companies will cooperate in modifying Lucent Technology's products for the Japanese market.

A spokesman for Iwatsu said the company expects the tie-up to boost its annual sales in the business year to March 2002 by five billion yen.

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