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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (6322)	2/15/2000 5:54:00 PM
From: Boplicity	Respond to of 24042

Lucent to Spend $30 Mln, Hire 500 to Boost Output Murray Hill, New Jersey, Feb. 15 (Bloomberg) -- Lucent Technologies Inc., the world's No. 1 phone-equipment maker, plans to spend $30 million to hire at least 500 people and quadruple production of parts used in fiber-optic gear. The expansion will bring some production on line next month and be completed this year. Lucent is building a third plant at its optoelectronics campus in Breinigsville, Pennsylvania, and spending $6 million to renovate another in nearby Reading. Lucent is moving quickly to capture more of the booming market for parts that drive the optical equipment in telecommunications networks amid stiff competition from JDS Uniphase Corp. and Corning Inc. Industrywide sales of those components will swell to $21.3 billion in 2003 from $5.1 billion last year, according to RHK Inc. ``This is a strong indicator that Lucent isn't going to sit idle,' said Jim Jungjohann, a CIBC World Markets analyst who follows the optical-parts business. The plant will make semiconductor lasers used to send information on glass strands known as optical fiber, and photo diodes that receive the signals at the other end. Revenue Lucent said its optical-components revenue rose 83 percent in the fiscal year ended Sept. 30, including sales to internal units. Jungjohann estimates that revenue at $1 billion and expects it to rise to more than $1.5 billion this fiscal year. Last week, the Murray Hill, New Jersey-based company agreed to buy Ortel Corp. for $2.95 billion to add parts that speed traffic on the optical leg of cable-TV networks. Rivals are buying up smaller parts makers, too. Corning yesterday agreed to buy NetOptix Corp., a maker of filters used in fiber-optic systems, for about $2 billion. Last month, JDS Uniphase, the No. 1 maker of fiber-optic components, agreed to buy E-Tek Dynamics Inc. for $15 billion to alleviate shortages in capacity and make new products faster. Nortel Networks Corp., North America's No. 2 phone-equipment maker after Lucent, yesterday said it will spend $260 million to add 3,400 jobs in Canada and the U.K. to boost production of optical systems and components. Lucent shares rose 1/8 to 53 1/2 on the New York Stock Exchange. They've fallen 29 percent this year