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

To: Pat Hughes who wrote (14152)	3/23/2000 9:21:00 PM
From: matt dillabough	Respond to of 21876

Dow Jones News Service ~ March 23, 2000 ~ 8:06 pm EST HONG KONG (Dow Jones)--Red-chip conglomerate Citic Pacific Ltd. (H.CIP) will sign Monday a contract with U.S. telecom equipment maker Lucent Technologies Inc. (LU) to buy equipment for building an advanced telecommunications network in China, Citic Pacific said in a brief release Friday. The new infrastructure will go by the name of "China Express No. 1 Backbone Network." No details of the contract were provided, but a briefing will be held in connection with the signing ceremony at 0715 GMT Monday (2:15 a.m. EST). In February, Citic Pacific's Beijing parent China International Trust & Investment Corp. signed an agreement with Lucent to develop code division multiple access, or CDMA, mobile phone technology in China. China International Trust & Investment Corp. owns 32% of Citic Pacific. (END) DOW JONES NEWS 03-23-00 08:06 PM

To: Pat Hughes who wrote (14152)	3/23/2000 11:43:00 PM
From: Anonymous	Read Replies (3) \| Respond to of 21876

Concerning Lucents (AT&T's Submarine Cable Division tied to their undersea cable work)...I believe that several ex AT&T (or possibly ex-Lucent managers) bought the old submarine cable business that AT&T was glad to get rid of. Ex-President George Bush made a handsome profit a few years back when he was in Japan for a speech at Global Crossing's headquarters there. He usually asked $100,000 for a speech outside the U.S., however, while he was there he asked about the company. They weren't public yet. The managers talked George into taking payment for his speech in stock in the company which might have been going for $4/share then, it might have been as low as $1.50/share, I'm not sure. He agreed on a payment of $80,000 in GBLX stock and when it went public it wasn't long before George had $14,000,000....a nice and tidy sum for a speech...don't you think? I guess that's why people want to be president...it pays pretty well after you leave office.