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Technology Stocks : Lucent Technologies (LU)

LU 2.570

-3.0%

3:59 PM EST

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To: LindyBill who wrote (3713)	8/21/1998 1:18:00 PM
From: Jack Kunkle	Read Replies (1) of 21876

DTN NEWS 02 08/21/98 CIENA loses AT&T account\Owosso outlook CIENA Corp. (NASDAQ: CIEN) announced that it had been informed this morning by AT&T (NYSE: T) that AT&T will not pursue further evaluation of CIENA's 40-channel WDM multiplexer. In view of the timing of AT&T'sdecision, CIENA will adjourn its pending stockholder meeting, scheduled for Friday at which stockholders are to vote on the proposed merger with Tellabs Inc. (NASDAQ: TLAB) The stockholder meeting will be reconvened on Sept. 9 at 11:00 a.m. Eastern time. The Company indicated it would have further comment soon, but wanted to disseminate news of the decision promptly. (1140) CIENA down 26 points!

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