Department of Justice Requests Additional Information On Merger of Ascend Communications and Lucent Technologies
ALAMEDA, Calif.--(BUSINESS WIRE)--March 9, 1999--Ascend Communications and Lucent Technologies have received a request for additional information from the Antitrust Division of the Department of Justice (DOJ) in connection with the proposed merger announced on January 13, 1999.
Noting that such a request is not unusual in these circumstances, Ascend and Lucent both currently expect that the merger will be completed by June 30, 1999.
Lucent Technologies designs, builds and delivers a wide range of public and private networks, communications systems and software, business telephone systems and microelectronics components. Bell Labs is the research and development arm for the company. More information about Lucent Technologies, headquartered in Murray Hill, N.J., is available on its Web site at lucent.com.
Ascend Communications, Inc. (Nasdaq:ASND - news) develops, manufactures, sells and services wide area networking solutions for telecommunications carriers, Internet service providers and corporate customers worldwide.
For more information about Ascend and its products, please visit the Ascend Web site at www.ascend.com, or send e-mail to info@ascend.com. For Investor Relations, please call our communications hotline at 800/648-3059 or 760/704-4423 (outside the U.S. & Canada). Additional investor information can also be accessed on our Web site at: ascend.com. Ascend is headquartered at One Ascend Plaza, 1701 Harbor Bay Parkway, Alameda, Calif. 94502; phone is 800/ASCEND4 and fax is 510/814-2300.
The foregoing statements may contain forward-looking statements that are based on current expectations and involve risks and uncertainties. Actual results could differ materially from these expectations as a result of factors including, but not limited to, the Company's success in developing, introducing or shipping new products, competition, the mix of distribution channels employed, the Company's dependence on single or limited source suppliers for certain components used in its products, risks inherent in international sales, seasonality and general economic conditions. These and other factors are discussed in Ascend's 10-K, 10-Q and other filings made periodically with the Securities and Exchange Commission.
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Contact:
Lucent Technologies
Bill Price |
