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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Bart who wrote (50050)6/9/1999 7:54:00 AM
From: Jack Colton  Read Replies (1) | Respond to of 90042
 
To: +Dee Jay (61168 )
From: +Dee Jay Wednesday, Jun 9 1999 3:53AM ET
Reply # of 61193

Lucent Planning More Takeovers
as predicted 3 days ago ASND is not the last acquisition for LU - per Wednesday's N Y Times Bloomberg quotes LU CEO Richard McGinn as saying the pace of acquisitions would continue after the ASND $24BN deal closes.

"We have really improved our ability to make acquisitions and
integrate these companies."

Bloomberg further stated that Lucent is using acquisitions to catch up in areas where it lacked products to challenge Cisco Systems Inc.

nytimes.com