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

To: Finder who wrote (10162)	10/18/1999 1:39:00 PM
From: Techplayer	Respond to of 21876

Finder, Marketing is not a crime, but it is interesting doublespeak coming from the same company. He threw his own reporter under the bus so some angry parents don't pummel him at a soccer game... Brian

To: Finder who wrote (10162)	10/18/1999 2:00:00 PM
From: Maverick	Read Replies (1) \| Respond to of 21876

SBC Unveils $6B/3yr High-Speed Web Plan:LU may be likely winner [Thread. I rarely speak but the sell-off is way over done. Williams Comm Group who will partially carry out SBC's high-speed service, SBC, and Pacific Bell have been long time customers of ASND which was acquired by LU. I would buy agressively at this level as LU will get a big chunk of $6B.] By Ian Simpson NEW YORK (Reuters) - SBC Communications Inc (NYSE:SBC - news)., the largest U.S. local phone company, unveiled a $6 billion effort Monday to make it the top provider of high-speed access to the Internet. The three-year initiative to provide faster online access to about 77 million customers puts SBC in the fight for the quickly expanding Internet market as phone companies shift away from traditional voice services. ``This initiative is about the future,' Chairman and Chief Executive Edward Whitacre Jr. said in a statement. The effort, called Project Pronto, is aimed at ``building a new company' around Internet users while providing ``dial tone-like reliability,' he said. With the completion of its $61 billion purchase of Ameritech Corp. this month, San Antonio-based SBC has a third of U.S. phone access lines. It is the dominant provider in states in the Midwest and the West Coast. The company said the faster Digital Subscriber Line services would provide Internet voice, video and data services. They were forecast to generate $3.5 billion in new revenues by 2004. The new project will allow Internet access up to 200 times faster than a standard modem connection. It also eliminates the need to dial up connections to the World Wide Web. The services will reach about 80 percent, or 77 million, of SBC customers by the end of 2002 and eventually will extend to all. SBC shares were off 50 cents at $48.19 as overall trade on Wall Street was mixed. As part of the new project, SBC will offer high-speed access to the most-active online traders at E-Trade Group Inc., the No. 2 U.S. online brokerage. SBC will also provide high-speed Web access to up to 15,000 telecommuting employees at International Business Machines Corp (NYSE:IBM - news). Analysts said SBC showed it was willing to compete with such companies as AT&T Corp (NYSE:T - news). and MCI WorldCom Inc (Nasdaq:WCOM - news). in the booming market for online transmission of data, video and other services. ``This will put them in the game exactly where they should be. Now we have another player on the roster,' said Jeffrey Pittsburg, president of research firm Pittsburg Institutional Inc. The Internet effort also is a way to meet regulators' concerns about competition. SBC agreed to unprecedented concessions to get Federal Communications Commission approval for its Ameritech purchase. They included offering high-speed Internet access and entering 30 markets outside its local region. The high-speed service will be carried out through SBC's network and that of Williams Communications Group Inc (NYSE:WCG - news). . Williams' stock was up 12.5 cents at $30.06. SBC declined to comment on which equipment vendors it may select to help them roll out the services. One analyst who declined to be named said equipment makers Lucent Technologies Inc (NYSE:LU - news). and Nortel Networks Corp (NYSE:NT - news). may be likely winners.