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Technology Stocks : Lucent Technologies (LU)

LU 2.605

-2.1%

Feb 2 3:59 PM EST

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To: matt dillabough who wrote (17849)	3/19/2001 9:13:14 AM
From: Sawtooth	Read Replies (1) of 21876

Lucent Gets $5B Verizon Contract MURRAY HILL, N.J., Mar 19, 2001 (AP Online via COMTEX) -- Lucent Technologies, the huge telecommunications equipment manufacturer, announced Monday that it has received a $5 billion contract to supply the mobile phone operator Verizon Wireless. The three-year deal calls for Murray Hill-based Lucent to provide equipment that could double Verizon's voice capacity and boost its wireless transmission rates by as much as 10 times the current speed. Verizon will use the equipment, designed around a wireless transmission standard called CDMA 2000, to help develop its next-generation wireless technologies. These networks require high-speed data-networking systems to support mobile Internet sessions. --- On the Net: Lucent site: lucent.com

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