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

To: manito888 who wrote (8245)	6/23/1999 1:29:00 PM
From: William Hunt	Respond to of 21876

Thread ---YEH RAH ----A damn contract finally ! Lucent Technologies Inc. Dow Jones Newswires -- June 23, 1999 DJ Level 3 In 5-Yr Pact To Buy $1B Of Lucent Equipment By Rebecca Blumenstein and Stephanie Mehta NEW YORK (Dow Jones)--Level 3 Communications Inc. (LVLT) is expected to announce that it has agreed to purchase $1 billion in Lucent Technologies Inc. (LU) equipment over five years, according to people close to the situtation. Lucent, based in Murray Hill, N.J., is selling the upstart telecommunications company a system called "soft switch," which aims to bring the reliability of traditional circuit-switched networks to Internet-based networks, such as the one Level 3 is now building. The equipment will serve as a router on the Internet Protocol network that Level 3 is building. The contract is seen as a big win for Lucent, which is trying to position itself as a leading provider of so-called "next generation" technologies based on the same technologies that drive the Internet. Cisco Systems Inc. (CSCO), San Jose, Calif., has traditionally been Level 3's biggest supplier. Richard McGinn, Lucent's chief executive officer and James Crowe, chief executive of Level 3, have scheduled a press conference at 1 p.m. EDT to discuss the contract. Level 3 is one of several companies building nationwide fiberoptic networks to carry vast streams of voice, video and data traffic. BEST WISHES BILL

To: manito888 who wrote (8245)	6/23/1999 1:31:00 PM
From: William Hunt	Read Replies (1) \| Respond to of 21876

THREAD ---Lucent Technologies Inc. Dow Jones Newswires -- June 23, 1999 DJ Level 3 Confirms It'll Buy Lucent Equipment BROOMFIELD, Colo. (Dow Jones)--Level 3 Communications Inc. (LVLT) confirmed it plans to acquire Lucent Technologies Inc. (LU) equipment for a minimum of four years. The agreement is worth about $250 million. In a press release Wednesday, Level 3 Communications said the contract's value has a potential to increase to $1 billion over a five-year period. As reported earlier, Level 3 Communications was expected to announce that it agreed to purchase $1 billion in Lucent Technologies equipment over five years. Level 3 Communications agreed to acquire Lucent Technologies' systems including softswitches, a Bell Labs-developed software switch for Internet protocol networks. Level 3 and Lucent Technologies also agreed to collaborate on future enhancements of softswitches and gateway products to support next-generation broadband services. Level 3 Communications is a communications and information services company. BEST WISHES BILL