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

To: Techplayer who wrote (9219)	8/18/1999 8:50:00 PM
From: JRH	Respond to of 21876

Interesting article, Brian. Thanks for posting it... Justin

To: Techplayer who wrote (9219)	8/19/1999 10:39:00 AM
From: Zoltan!	Read Replies (2) \| Respond to of 21876

>>interesting assessment of the INS deal and LU/CSCO in general.. "The proposed deal is somewhat of a market coup for Lucent, the world's number one telephone equipment manufacturer. This melding of tech partners is equal to Lucent poking a stick in Cisco's eye, considering Cisco has been a long time INS partner. According to Cisco's most recent proxy statement, Cisco currently controls 7.8% of INS' shares. In addition, the vice president of Cisco's service group sits on the INS board". Very interesting. Unfortunate that the author seems to have missed a salient point, i.e., that Cisco passed on several entreaties by INS to be bought out. That more than punctures any claim for a "coup". Who poked whom? Every professional analyst that I have read or heard has given Cisco the edge for making the better deal with its KPMG alliance. Once again LU paid too much for second hand goods - seems that Cisco board member could not have been better placed, ensuring a heady price for INS shareholders. That is a director's duty after all. It should be interesting to see how this plays out. Dollars being fungible, I find it positively pokey, i.e., condign, that Cisco should make good use of its considerable capital gains on LU's purchase in helping fund its KMPG endeavor.