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Technology Stocks : Newbridge Networks

NN 12.53

-1.5%

Nov 19 3:59 PM EST

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To: zbyslaw owczarczyk who wrote (7667)	11/25/1998 12:51:00 PM
From: pat mudge	Read Replies (2) of 18016

Zbyslaw -- Hope you're watching this morning. Here's something to think about: <<< MURRAY HILL, N.J., Nov. 25 /PRNewswire/ -- Lucent Technologies (NYSE: LU) today announced it has exercised an option to acquire the remaining 80 percent of WaveAccess Ltd. for approximately $50 million in cash. In May of this year, Lucent acquired a 20 percent stake in the company. The acquisition will provide Lucent with a high-performance packet radio technology for licensed spectrum wireless Internet access and metropolitan area networks. During the past six months, the companies have been collaborating on developing a wireless Internet access system in licensed spectrum. This joint development combines WaveAccess' high-speed, wireless data communications technology with Lucent's network knowledge of the Internet's digital packet transmission protocol. The technology enables network operators with licensed spectrum to offer wireless Internet access at rates faster than current- generation computer modems and many times faster than today's cellular wireless data communications. . . . >>>> Seems they're familiar with taking equity positions while co-developing technology. Pat

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