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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Jack Colton who wrote (61254)	6/18/1999 5:40:00 AM
From: H.A.M.	Read Replies (1) \| Respond to of 61433

Lucent May Acquire Nexabit THE NEW YORK TIMES June 18, 1999 nytimes.com By SETH SCHIESEL Continuing to push into the burgeoning market for Internet equipment, Lucent Technologies Inc. is close to a deal to acquire Nexabit Networks Inc., a private maker of high-speed Internet switches, for between $600 million and $800 million, executives close to the talks said Thursday. The talks could still collapse, , the executives said, but the companies appear set for an announcement shortly after Lucent's $20 billion acquisition of Ascend Communications is completed next week. Both Lucent and Nexabit declined to comment. Nexabit, based in Marlborough, Mass., is among a handful of private companies that are developing new sorts of switches that can route up to trillions of bits of digital information a second. Others include Avici Systems Inc. and Juniper Networks Inc. Ascend is a leader in an advanced communications technology called asynchronous transfer mode, which is well-suited to carrying telephone, data and video communications in an integrated network. But even if it acquires Ascend, Lucent, formerly the equipment arm of the AT&T Corporation, would still be without a "next-generation" Internet router of the sort being developed by Nexabit and its competitors. The Nortel Networks Corporation of Canada, Lucent's decades-long rival, is one of the main investors in Avici. Lucent is thought to have discussed an acquisition of Juniper, butthose talks did not progress far. Also Thursday, Lucent announced that it had been selected to provide telephone equipment to support 1 million customers served by Telemar, the main phone company in northeastern Brazil.