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

To: bill c. who wrote (8323)	6/25/1999 9:14:00 PM
From: puborectalis	Respond to of 21876

ucent, Cisco Agree To Settle Patent Lawsuit (06/25/99, 8:39 p.m. ET) By Reuters PALO ALTO, Calif. -- Lucent Technologies, the No. 1 maker of telephone equipment, and Cisco Systems, the largest maker of Internet equipment, have agreed to settle a year-old patent-infringement lawsuit that Lucent brought against Cisco, the two companies said Friday. Last June, Lucent sued San Jose, Calif.-based Cisco, alleging the computer-networking company infringed on eight key data-network patents. After Lucent filed, Cisco responded with its own countersuit. As part of the settlement, Cisco and Murray Hill, N.J.-based Lucent agreed to cross-license technology. Further terms of the settlement weren't disclosed. Cisco said the settlement would not result in a charge against its earnings. "We are extremely pleased with the outcome of this settlement, which we believe is fair to both companies and very good news for our customers as well," said Dan Scheinman, Cisco general counsel, in a statement. Lucent officials could not be reached for immediate comment. As traditional voice networks and newer data networks begin to converge, Cisco and Lucent are increasingly competing with each other. Lucent on Thursday completed its $25.2 billion acquisition of Ascend Communications, a Cisco rival, to gain access to networking equipment that will let it compete more effectively in the data world. By the same token, Cisco has been active in purchasing smaller companies that are working on technologies to speed the integration of traditional voice communications with data networks. Copyright 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall be not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.