Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: red_dog who wrote (8265)	6/24/1999 8:11:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 21876

Tech Report:Lucent, Ascend complete merger Tech Report By Janet Haney, Cecily Fraser , CBS MarketWatch Lucent Technologies said it completed its merger with Ascend Communications on Thursday. The $24 billion deal is based on Lucent's closing stock price on Wednesday. Each outstanding share of Ascend common stock will be converted into 1.65 shares of Lucent. Ascend shareholders approved the union with more than 99 percent of the votes cast in favor. Ascend Communications is now part of Lucent's new internetworking systems unit, focused on delivering broadband networks to all classes of service providers and enterprises. "Lucent now stands head and shoulders above the competition in its ability to deliver end-to-end, communications networks to service providers," said Lucent Technologies chief executive Rich McGinn. Lucent (LU[ SHARES FINISHED DOWN 1 11/16 TO 64 AND ASCEND [: ASND) slipped 3 to 105 3/8.