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Technology Stocks : Lucent Technologies (LU)

LU 2.500

+3.5%

Nov 24 3:59 PM EST

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To: Bill McEachern who wrote (1070)	12/4/1997 5:11:00 PM
From: Ted Downs	Read Replies (1) of 21876

LU was/is prevented from purchasing companies via stock swaps (i.e. pooling of interests) for a period of time. Bill, I believe you're asking the question because of the rumor that was out late today mentioning LU as a potential buyer of Ascend. I wonder why LU would turn and close up for the day if there is truth to the rumor. Although, it is well known that LU wants to become a major networker and that might fit well with their goal to become more diversified and compete with Cisco. Any comments? Ted

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