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

To: Anonymous who wrote (15185)	6/16/2000 6:21:00 AM
From: Techplayer	Read Replies (1) \| Respond to of 21876

Anon, An even rosier perspective on the Verizon situation. =DJ Lucent Takes Almost Half Verizon's '00 Capital Spending -------------------------------------------------------------------------------- 15 Jun 13:54 By Johnathan Burns NEW YORK (Dow Jones)--With the promise of at least $1.5 billion in business on Verizon Wireless' mobile phone network, Lucent Technologies Inc. (LU) will account for more than half of Verizon's capital spending this year. Verizon, a joint venture of Bell Atlantic Corp. (BEL) and Vodafone Airtouch PLC (VOD), and Lucent announced Thursday a letter of intent naming Lucent as Verizon's primary supplier of network infrastructure. Verizon, which plans to spend $3.1 billion on capital projects this year, had previously announced it would buy $500 million worth of network equipment from Lucent's rival Nortel Networks Corp. (NT), said Verizon spokeswoman Andrea Linskey. Still unclaimed is $1.1 billion worth of equipment, which will be up for grabs among Lucent, Nortel and Motorola Inc. (MOT), which all provide CDMA wireless technology infrastructure equipment. But Lucent, which has a long-standing relationship with all the wireless parties making up Verizon, will have a strong shot at capturing more contracts. And Verizon plans to spend another $3.1 billion on capital projects in 2001. "The history of reliability is there," Linskey said, referring to Lucent's equipment. "There is a history with all the companies and Lucent. They worked with Bell Atlantic Mobility when we launched the first commercial CDMA mobile phone network in 1996." Verizon is the largest mobile phone service provider in the U.S., with more than 18 million customers. The company will use Lucent's equipment to evolve its network into "third-generation" technology, which promises data rates 10 times faster than now and double the voice capacity on the network. Verizon's board of directors must approve the agreement before it becomes a formalized contract.