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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: Greg h2o who wrote (14140)	6/25/1999 4:14:00 PM
From: cmg	Respond to of 42804

Now they need a super duper announcement next weekend to make MRVC noticable......cmg By The Associated Press MARLBORO, Mass. (AP) -- Lucent Technologies plans to acquire networking equipment company Nexabit Networks in a $900 million stock deal. Privately-held Nexabit designs ''super switches'' that enable Internet and telecommunications providers, as well as other technology companies, to move information at high speeds over their networks. The Nexabit products are in trials with service providers, and have performed exceptionally well, said Lucent spokesman Jeff Baum. ''This is just the fastest product of its type,'' Baum said in announcing the deal on Friday. ''It's unprecedented speed for moving information across the Internet and wide area networks.'' Lucent, of Murray Hill, N.J., is the telecommunications equipment manufacturing company which was once part of AT&T Corp., the leader in long-distance telephone service. It is paying about 14 million shares of Lucent common stock, worth about $900 million based on Thursday's closing stock prices, for Nexabit which is based in Marlboro. Nexabit's 120 employees will be absorbed into Lucent without any job loss, Baum said. The transaction should be completed by July 31.