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Technology Stocks : Corning Incorporated (GLW)

GLW 79.46

+1.8%

Nov 21 9:30 AM EST

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To: mystifier4 who wrote (1253)	2/22/2001 12:35:33 AM
From: BDR	Read Replies (1) of 2260

Lucent's Fiber Optic Unit May Fetch Billions Feb 21 4:51pm ET siliconinvestor.com By Ben Klayman CHICAGO (Reuters) - Telecommunications equipment giant Lucent Technologies Inc. could sell its fiber-optic cable unit for $4 billion to $6 billion, analysts and portfolio managers said on Wednesday. Lucent, struggling with losses and a heavy debt burden, could use the sale of its Norcross, Ga.-based unit to ease its financial crunch, analysts said. Optical Fiber Solutions had almost $2 billion in sales and a heady 60-percent growth rate in fiscal 2000. . . . Possible candidates to buy Lucent's fiber cable unit include French telecom equipment maker Alcatel and diversified manufacturing and service company Tyco International Ltd. , analysts and portfolio managers said. Both companies declined to comment. Analysts said Alcatel looks for bargain acquisitions and buying Lucent's cable business would make it a strong No. 2 to Corning in the fiber cable sector with 30 percent to 40 percent of the market. Tyco bought Lucent's power systems unit for $2.5 billion at the end of last year. Analysts dismissed Corning as a possible candidate because the combined company would raise antitrust concerns with 60 percent to 75 percent of the market, compared to Alcatel's 10 percent to 15 percent. Corning declined to comment.

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