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

To: Techplayer who wrote (15649)	8/1/2000 11:49:15 PM
From: Techplayer	Read Replies (1) \| Respond to of 21876

an excellent for LU...perhaps this is why the stock was up today. I am not kidding. Avici Nabs Lucent Exec -------------------------------------------------------------------------------- Avici Systems Inc. (Nasdaq: AVCI) has hired Steve Kaufman, a senior Lucent Technologies Inc. (NYSE: LU) executive, possibly for the role of president, Light Reading has learned. An Avici spokeswoman confirmed that it had hired a senior executive from Lucent, but would not name the individual or the position for which they were hired, citing quiet-period restrictions following the initial public offering, which took place last Friday. Three separate sources confirmed that Kaufman, vice president and general manager of core switching in Lucent's internetworking systems group, is the person being hired by Avici. Lucent's internetworking group has been in a state of flux lately, with the recent exit of Curt Sanford, the group's former president (see Lucent Loses Two Big Names ). Kaufman was overseeing the group's IP and ATM technology following Sanford's departure. Kaufman held prior management positions in Lucent's Microelectronics division and at Intel Corp. Avici markets a terabit router, as does Lucent, raising the potential for bad blood between the companies. Kaufman likely has intimate knowledge of Lucent's high-speed routing product. The news comes just three business days after Avici pulled off a blockbuster IPO. Shares of Avici are now at $107.50, nearly triple the offering price. Avici officials would not comment on whether directed shares in the IPO could have been part of the executive recruitment package. -- R. Scott Raynovich, Light Reading (http://www.lightreading.com