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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?


To: Daniel King who wrote (8168)6/18/1999 8:00:00 AM
From: William Hunt  Read Replies (2) | Respond to of 21876
 
Danny ---Same from Dow Jones ---big news for IP ---Lucent Technologies Inc.
Dow Jones Newswires -- June 18, 1999
DJ Lucent Technologies May Acquire Nexabit Networks-NYT

NEW YORK (Dow Jones)--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-to-$800
million, executives close to the talks said Thursday.

The New York Times reported in its Friday edition that the talks could still collapse, 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.

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