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 : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Al Cano who wrote (32202)	6/30/1999 9:43:00 AM
From: Al Cano	Respond to of 45548

Candace: Still looking, Sorry. Found another interesting acticle. ((LU's goals are to steal part of the 650billion (by 2001) communication network market from the competitors. LU only has 7% of the market now. So, what do you think they need the most???. Yes, equipment!!!!) Who manufactures it??? My common sense conclusion, they are looking for more acquisitions. )). Lucent to buy Nexabit for $900 million By Jeffry Bartash, CBS MarketWatch Last Update: 4:44 PM ET Jun 25, 1999 NewsWatch Earnings Surprises MURRAY HILL, NJ (CBS.MW) -- Lucent Technologies on Friday finally revealed what had long been suspected: it's buying privately held Nexabit Networks for $900 million in stock. Under the long-rumored agreement, Lucent will exchange 14 million shares for Marlboro, Mass.-based Nexabit, a leading maker of high-speed switches designed to boost the capacity of congested networks so more information can travel faster over the Internet. See press release. The acquisition won't affect earnings in 1999 or 2000, Lucent said. Shares (LU: news, msgs) fell 5/16 to 63 11/16. Lucent, the world's largest maker of phone equipment, is racing to expand its offerings of switches, routers and other networking products that allow phone and computer networks to converge. Other equipment makers, such as rivals Cisco Systems and Nortel Networks, are doing the same. That's because phone carriers are moving from traditional voice-oriented, circuit-switched networks to data-oriented, "packet-switching" networks, which are better suited for Internet traffic and for handling the soaring transmission of data over phone lines. Already, data accounts for about half of all traffic over phone lines, a number expected to rise above 90 percent within a few years. As a result, carriers are increasing spending on the latest equipment to deal with that surge. "The communications revolution is fueling tremendous demand for more bandwidth in core networks," said Curt Sanford, president of InterNetworking Systems at Lucent. Last week, Nexabit said it had turned down several takeover offers, perhaps including one from Lucent. Analysts had speculated that the company wanted more money. Lucent had been expected to announce the Nexabit deal after its $25 billion acquisition of Ascend Communications closed. That took place Thursday. Nexabit CEO Mukesh Chatter, who founded the company in 1997, will join Lucent as vice president of advanced IP core technologies in the InterNetworking Systems unit.