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To: The Phoenix who wrote (99)	6/25/1999 9:40:00 AM
From: Sparks	Read Replies (1) \| Respond to of 3350

has not open yet!

To: The Phoenix who wrote (99)	6/25/1999 9:57:00 AM
From: djane	Read Replies (1) \| Respond to of 3350

Lucent shells out about $900 million for Nexabit By Bloomberg News Special to CNET News.com June 25, 1999, 5:15 a.m. PT Lucent Technologies, the world's No. 1 phone equipment maker, said it will buy closely held Internet network equipment maker Nexabit Networks for about $900 million in stock. Lucent will trade about 14 million shares for the start-up developer of so-called ultra-high-speed super switches for sending data over the Internet. Lucent, based in Murray Hill, New Jersey, is seeking to become a top seller of Internet network equipment, as phone and data networks converge. The company said the Nexabit acquisition helps satisfy customers' demands for equipment that provides more capacity on crowded networks. Marlborough, Massachusetts-based Nexabit said last week that it had rejected takeover bids from several unnamed companies. Reports at the time said that Chief Executive Mukesh Chatter rejected Lucent's offer of $600 million to $800 million as inadequate. Lucent shares fell 1 1.0625 to 64 yesterday. Copyright 1999, Bloomberg L.P. All Rights Reserved.