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Technology Stocks : LU - Lucent Technologies NEWS ONLY!

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To: Jeff Jordan who wrote (20)10/3/2000 2:37:57 PM
From: Maverick   of 62
 
MSDW inits AV Outperform;EDS markets AV's CRM products
-12:10 pm - By Michael Baron
Avaya (AV: news, msgs) is losing $3.25, or 16.1 percent, to $16.94, in its second trading session. The company, which encompasses Lucent Technologies' (LU: news, msgs) enterprise communications software operations, was spun off Monday in a stock dividend to shareholders. The shares were priced at $21.50 each. On the news front, Reuters reported that Morgan Stanley Dean Witter initiated coverage of Avaya with an "outperform' rating. In addition, Electronic Data Systems (EDS: news, msgs) agreed to market Avaya's customer relationship management products and Avaya formed a research and development organization.
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