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Technology Stocks : Lucent Technologies (LU)

LU 2.710

+0.2%

11:09 AM EST

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To: Techplayer who wrote (13241)	2/4/2000 12:56:00 PM
From: Mighty Mizzou	Read Replies (1) of 21876

Looks like LU is VERY serious about growing it's microelectronics division. Perhaps diversifying it's chip portfolio would preclude a spin-off or tracking option? Lucent to buy chip parts supplier VTC assets for $100 mln ALLENTOWN, Pa., Feb 4 (Reuters) - Telecommunications equipment maker Lucent Technologies Inc. (NYSE:LU - news) said on Friday it had agreed to buy several assets of chip parts supplier VTC Inc. for $100 million. The company said its Microelectronics Group had agreed to acquire VTC's products and its design, marketing and sales teams. Privately held VTC supplies semiconductor components to computer hard disk drive manufacturers. VTC, based in Bloomington, Minn., also could get up to $50 million more over two years, based on the company meeting manufacturing goals. ``With this acquisition, Lucent is well positioned to provide a complete line of chips to the fast-growing data storage market,' the statement said. Hard disk drives store data in desktop personal computers, corporate workstations and servers that provide information and services over the Internet. Lucent shares were up 15/16 at 57-5/8.

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