Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Aware, Inc. - Hot or cold IPO? -- Ignore unavailable to you. Want to Upgrade?

To: Perry P. who wrote (8475)	4/14/2000 10:06:00 AM
From: Perry P.	Respond to of 9236

Thought this was interesting: UPDATE 2-Fidelity unit, Lucent in $400 million pact April 13, 2000 05:03 PM (Adds details in paragraphs 2-4, updates stock prices) NEW YORK, April 13 (Reuters) - Fidelity Holdings Inc. said on Thursday its communications unit, IG2 Inc., plans to buy products and services from equipment maker Lucent Technologies Inc. LU to build a nationwide voice, data and video network in a deal valued at up to $400 million. Fidelity FDHG initially said it anticipated Lucent would arrange vendor financing for the deal. Later, Fidelity issued two additional news releases clarifying the pact. In one release, it said Lucent "has agreed to arrange" financing. In the other release, it said Lucent would provide the financing and also would take an "equity portion" in the company, but terms were not disclosed. A spokeswoman for Lucent said the companies are in talks about vendor financing and a possible equity stake but no final agreement had been reached. The purchase order is contingent on reaching a definitive financing agreement, Lucent said. Shares of Fidelity, a holding company with technology and automotive divisions, fell 5-1/2 to 14 on Nasdaq. Shares of Lucent fell 5/16 to 54-11/16 on the New York Stock Exchange. Under the three-year agreement, IG2 said it plans to buy Lucent's voice and data networks products, as well as design and engineering services to build the high-speed network. IG2 plans to provide cable television, local and long distance telephony and Internet access services to residential customers and small businesses in 31 states. IG2 will use digital subscriber lines (DSL), which provide high-speed services over ordinary telephone wires, and the private network. Perry P.