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Technology Stocks : Lucent Technologies (LU)

LU 2.415

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Nov 21 9:30 AM EST

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To: Ibexx who wrote (14261)	4/8/2000 11:11:00 AM
From: Jack Hartmann	Read Replies (2) of 21876

Lucent Tech Of Shanghai Plans Expansion; Higher Output Dow Jones Newswires 4/7/2000 SHANGHAI -- Lucent Technologies of Shanghai Ltd. foresees a 60% rise in output value this year to $240 million due to the expansion of its production capacity, a company official said Friday. The company, which is jointly invested by Lucent Technologies Optical Networking Group, part of Lucent Technologies Inc. (LU) and Shanghai Posts & Telecommunications Equipment Co. (Q.SPO), has one production line making optical transmission equipment. Wang Wenjie, the office manager, said construction of new production lines and a plant will start in May. The expansion cost is estimated at $45 million, half of which will be shouldered by the U.S. company, the state-run Xinhua news agency said. The new plant will be operational in the middle of next year. The company holds 35% of the domestic market for optical transmission equipment. ****** This investment in China will help them get more footholds later. The Zchina company looks interesting for an investment. Jack

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