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

To: MMW who wrote (10622)	10/25/1999 3:00:00 AM
From: Dee Jay	Read Replies (1) \| Respond to of 21876

"China Unleashes Major Telecom Competitor (From Reuters via N Y Times): BEIJING (Reuters) - China will unveil its third major telecommunications carrier Thursday, a move analysts say will heat up competition in the booming sector and catapult Internet speeds to levels ahead of much of the world. China Netcom Corp (CNC) is building a 20-gigabyte Internet backbone which will reach 15 Chinese cities by the end of next July, company chief executive Edward Tian said. ``It'll be one of the highest-speed backbones in the world,' Tian told Reuters." see the rest at: nytimes.com Note that the entrepreneur is American-educated as are potential colleagues though of Chinese extraction. They're going to run it like a Silicon Valley company! Dee Jay

To: MMW who wrote (10622)	10/25/1999 8:00:00 AM
From: William Hunt	Respond to of 21876

MMW ----not if it being hanle this way ---Lucent Technologies Inc. Dow Jones Newswires -- October 24, 1999 DJ Workers Claim Age Bias In Lucent Buyout Offers MURRAY HILL, N.J. (AP)--Employees at Lucent Technologies Inc. (LU) say the world's biggest telephone equipment maker is eliminating jobs through buyout offers that target veteran workers identified as "lowest performers." Employees at the company, based here, contacted The Star-Ledger of Newark about the latest round of buyouts, claiming older workers are being pushed out to please Wall Street _ and that they are being unfairly labeled as substandard. "I'm no superstar, but I always did my job," said ebbie Turton, 48, a 21-year veteran of Lucent and AT&T Corp. (T) - Lucent's predecessor before a September 1996 spinoff. "If you go for a new job, people will say, 'You're a low performer. We don't want you." The software tester from Piscataway, N.J., who uses a wheelchair to get around because she contracted polio as an infant, is among the workers who took a severance package this month. "It's going to be hard to find a job," Turton told the newspaper. "Not everyone wants somebody who is in a wheelchair, because then they have to make accommodations for you." Lucent officials say the company must cut jobs to remain competitive after acquiring some 30,000 new employees when it snapped up about 30 companies in the last three years. Late Friday, Lucent made its most recent buyout offer to about 750 workers who run company computer systems. Lucent spokesman Bill Price told the newspaper for Sunday's editions that the offer, primarily to employees in New Jersey and Denver, was made because recently installed computer systems and software require less maintenance than the systems they replaced. He said Lucent expects to cut about 100 jobs in the voluntary buyout, which was offered to 750 people. "Obviously you don't want to lose the whole organization," Price said. "The expectation is that a small percentage would take the package." Lucent denies employee claims that morale is down because workers fear losing their jobs. "I heard one of the directors say they want younger people," Turton said. Kathleen Fitzgerald, Lucent's senior vice president of public and investor relations, said there is no company-wide plan to reduce benefits or the number of older workers at Lucent, which employs 21,000 people in New Jersey alone and more than 150,000 people worldwide. "We deal respectfully and fairly with our employees," she told the newspaper. BEST WISHES BILL