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

To: Mighty Mizzou who wrote (15193)	6/16/2000 2:59:00 PM
From: Joe S Pack	Respond to of 21876

MM, It does n't look like everything is rosy at NT's camp. It looks like NT is negotiating with Juniper to buy their high-end routers. Nortel's product delay is rivals' boon Staff Writer, CNET News.com June 16, 2000, 10:45 a.m. PT Nortel Networks' delay in shipping a new high-speed networking device could be a financial godsend for Juniper Networks as well as for other rivals, analysts say. yahoo.cnet.com -Nat

To: Mighty Mizzou who wrote (15193)	6/20/2000 9:48:00 AM
From: Kent Rattey	Read Replies (2) \| Respond to of 21876

Lucent Files Lawsuit against Cisco Systems over Proprietary Information Source: Knight Ridder/Tribune Business News Publication date: 2000-06-20 Jun. 20--Lucent Technologies, disturbed by the loss of 10 employees from its Andover plant, yesterday filed a lawsuit in federal court accusing the former workers of revealing proprietary information to their new employer, Cisco Systems Inc. New Jersey-based Lucent, one of the world's largest developers of optical networking equipment, which permits the transfer of data over fiber-optic cables, argued that Cisco aggressively recruited the employees so as to develop a stronger presence in the field. John Skalko, senior public relations director at Lucent Technologies' headquarters in Murray Hill, N.J., said: "We have filed a lawsuit to prevent the company's valuable intellectual property from being used by former employees who were recently hired away by Cisco Systems Inc." California-based Cisco said in an electronic statement yesterday the lawsuit "is a desperate act by a desperate company. ... Cisco Systems received dozens of resumes from Lucent workers interested in jobs after it announced plans to develop a site in Salem, N.H. We cannot help it if Lucent is hemorrhaging. We respect the propriety of Lucent's proprietary technology and we will always abide by the letter and spirit of the law." Filed in U.S. District Court in Boston, the suit alleges the former workers, who were all employed at the Massachusetts plant, were lured away by two key workers who had accepted job offers at the new Cisco site, which has not yet opened. The lawsuit alleges the former employees are now in breach of noncompetition agreements with Lucent. They also are accused of misappropriating the company's trade secrets and causing "grave and irreparable harm to Lucent's business." "Lucent owns confidential business information and trade secrets relating to 10 Gigabits per second and Dense Wave Division Multiplexing (DWDM) networking that gives it a competitive advantage over others who are neither aware of it nor use them," the lawsuit said. "Lucent maintains this information at the North Andover facility and other facilities that are subject to strict security measures." The suit alleges that following the resignations last spring of personnel director Garry Ronco and Daniel Tynmann, an optical networking engineer and manufacturing director in North Andover, several other key workers were solicited and quit. Ronco and Tynmann could not be reached by telephone for comment yesterday. ----- To see more of The Boston Globe, or to subscribe to the newspaper, go to boston.com (c) 2000, The Boston Globe. Distributed by Knight Ridder/Tribune Business News. LU, CSCO, Publication date: 2000-06-20 ¸ 2000, YellowBrix, Inc.