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

To: William Richard who wrote (8190)	6/21/1999 7:33:00 AM
From: William Hunt	Respond to of 21876

THREAD ---Lucent Technologies Inc. The Wall Street Journal -- June 21, 1999 Business Brief -- LUCENT TECHNOLOGIES INC.: Talks Are Held to Acquire Internet-Switches Company Lucent Technologies Inc., Murray Hill, N.J., is in talks to acquire Nexabit Networks Inc., a closely held company that makes high-speed Internet switches, for $600 million to $800 million. People close to the situation say that a deal for the Marlborough, Mass., company, isn't imminent as the companies have yet to reach an agreement. The talks were first reported in The New York Times. Lucent has acquired about a dozen data-networking companies in the past 18 months to bolster its ability to develop equipment that delivers data traffic more efficiently. On Thursday, shareholders of Ascend Communications Inc. are scheduled to approve the largest such deal, Lucent's $20 billion purchase of Ascend. In New York Stock Exchange composite trading, Lucent rose $1.3125 to close at $62.9375. BEST WISHES BILL