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

To: Anonymous who wrote (9176)	8/13/1999 9:20:00 PM
From: tajen	Read Replies (2) \| Respond to of 21876

"Cash Crunch???" Lucent Technologies Files Shelf to Sell $1.8 Billion of Debt Lucent Technologies Files Shelf to Sell $1.8 Billion of Debt Washington, Aug. 13 (Bloomberg) - Lucent Technologies Inc., the No. 1 phone-equipment maker, filed with the Securities and Exchange Commission to sell as much as $1.8 billion of debt securities and warrants. The Murray Hill, New Jersey-based company said it would use proceeds from the sale for general corporate purposes, including debt repayment and refinancing, capital expenditures, and acquisitions, according to a shelf filing with the SEC. The shelf filing lets Lucent register the securities in advance and sell them from time to time as financing needs arise or when market conditions are favorable. The terms of the securities are generally available at the time of the sale. Lucent has orchestrated at least $30 billion of acquisitions since June, seeking to beef up its line of data-networking and Internet products to compete better with Cisco Systems Inc. and Nortel Networks Corp. In the most recent transaction, announced today, Lucent agreed to buy Xedia Corp. for $254 million in stock. Lucent shares rose 2 1/8 to 65 7/8. Lucent sold $1.36 billion of 30-year bonds in March, its first-ever global debt.