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Technology Stocks : Lucent Technologies (LU)

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To: Mighty Mizzou who wrote (13989)	3/21/2000 7:04:00 AM
From: Techplayer	Read Replies (2) of 21876

Business Week, 3/27 LU IN BUSINESS WEEK'S TOP 10 Four years into our ranking of corporate America's best and brightest, it is clear that what sets these hot performers apart is a knack for leveraging their strengths to seize new opportunities. These are companies that dominate their markets with a combination of internal innovation, dealmaking, and high-impact marketing. Consider telecommunications giant Lucent, a master innovator. Few companies can match the research capabilities of Lucent's Bell Laboratories division. Already famous for inventing the transistor and the laser, Bell Labs last summer came through with a new, highly efficient device called SoftSwitch that allows phone carriers to handle both Internet- based calls and traditional circuit-switched calls. That switch, along with other innovative products, sent Lucent's net income up 149 percent, to $3.5 billion last year. That was enough to move the company from No. 69 on our 1999 list to No. 10 this year. Here's the scary part for rivals: Whereas Bell Labs used to file just one patent per day in 1996, it now files four. Says Lucent CEO Richard McGinn: "Bell Labs is accelerating its pace of innovation."

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