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Technology Stocks : Lucent Technologies (LU)

LU 2.820

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Nov 7 9:30 AM EST

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To: MRE who started this subject	10/5/2000 8:34:58 AM
From: sylvester80	Read Replies (1) of 21876

Lucent wins $1 Billion SBC Contract dailynews.yahoo.com Thursday October 5 8:18 AM ET Lucent Wins $1 Billion SBC Contract SAN ANTONIO (Reuters) - SBC Communications Inc. (NYSE:SBC - news), the No. 2 U.S. local phone company, said on Thursday that Lucent Technologies Inc. (NYSE:LU - news) had won a contract, valued at more than $1 billion, to be SBC's main equipment supplier for its national network expansion. The company said in a statement that Lucent, the world's biggest telecommunications equipment maker, would be the primary supplier of data, voice and access infrastructure technology for its the expansion. The five-year deal is expected to be valued at more than $1 billion, the companies said in a joint statement. The contract covers SBC's nationwide entry into 30 markets. When it completes the expansion, SBC will offer service in markets that reach 180 million people.

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