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

To: William Hunt who wrote (8247)	6/23/1999 11:09:00 PM
From: A. Edwards	Read Replies (1) \| Respond to of 21876

Analyst's comments on LU/LVLT deal: LU: Wins First Soft Switch Order for $250 MM from Level 3 Salomon Smith Barney Wednesday, June 23, 1999 SUMMARY: * LU announced a min 4 yr, $250 MM agrmt w/ LVLT to buy LU's "softswitches," incorporating best of both the circuit & IP/packet worlds. * LU was selected over peers due to time to mkt reasons & product's reliability & scaleability. Also, switch is currently avail for commercial testing & LVLT expects commercial deployment of svces in 2H99. * Importantly, new softswitch meets reliability reqs of today's voice ntwks as well as needs of data networks in the future. Also, switch includes all trad'l voice svces such as 1+ dialing, local number portability, 411, 911, etc. which generate significant revs for carriers. * While the contract is a positive, no change to ests. at this time. However, it does provide us w/ greater comfort w/ LU's short & long term growth targets & its role in old & new networks.