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Technology Stocks : Lucent Technologies (LU)
LU 2.490-1.2%Nov 28 12:59 PM EST

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To: Techplayer who wrote (10178)10/18/1999 2:50:00 PM
From: DavidH  Read Replies (1) of 21876
 
Monday October 18, 2:07 pm Eastern Time
FOCUS - SBC unveils $6 bln high-speed Web plan

(adds analysts' comments, background, byline, previous SANANTONIO)
By Ian Simpson
NEW YORK, Oct. 18 (Reuters) - SBC Communications Inc.

(NYSE:SBC - news), the largest U.S. local phone company, unveiled a $6 billion effort Monday to make it the top provider of high-speed access to the Internet.
The three-year initiative to provide faster online access to about 77 million customers puts SBC in the fight for the quickly expanding Internet market as phone companies shift away from traditional voice services....

...SBC declined to comment on which equipment vendors it may select to help them roll out the services. One analyst who declined to be named said equipment makers Lucent Technologies Inc. (NYSE:LU - news) and Nortel Networks Corp. (Toronto:NT.TO - news) (NYSE:NT - news) may be likely winners.
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