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To: Jibacoa who wrote (8223)	3/19/2001 12:23:53 PM
From: Chisy	Read Replies (1) \| Respond to of 13094

LU is very tempting in as much as they were just handed a contract for a few Billion $$$. On the other hand the bottom of these bear markets can be grim for all stocks. Chisy ------------------------------------------------------------ Lucent in Wireless Deal with Verizon Mar 19 10:43am ET NEW YORK (Reuters) - Verizon Wireless, the No. 1 U.S. wireless telephone company, on Monday awarded a three-year, $5 billion contract to telecommunications equipment maker Lucent Technologies Inc. for gear the will increase the capacity of Verizon's wireless network. The deal, designed to speed Verizon's introduction of next-generation services, will make Lucent the largest supplier of high-speed, high-capacity wireless infrastructure to Verizon Wireless, a joint venture of Verizon Communications and Britain's Vodafone Group Plc . Lucent will now supply 65 percent of Verizon Wireless' network. The contract marked a significant win for Lucent, which has been struggling over the past year with massive losses, product development problems and manufacturing constraints. Lucent edged out other vendors, such as Nortel Networks Corp. , which already provides some wireless equipment to Verizon. Shares of Lucent jumped $1.21, or 12 percent, to $11.20 on the New York Stock Exchange. Shares of Verizon lost 48 cents, or 1 percent, to $46.85, also on the NYSE. With Lucent's products, services and software, Verizon Wireless will introduce high-speed mobile Internet services without substantial additional investment in new base stations, the companies said. Verizon Wireless, which has 27.5 million wireless voice and data customers, will begin to deploy the first phase of this third-generation technology in its coast-to-coast network later this year. So-called third-generation networks will require high-speed data-networking systems to support wireless Internet and video services. This upgrade could double the existing network's voice capacity and increase data-transmission speeds by nearly 10 times. Verizon Wireless will begin to deploy its first phase of third-generation technology in its coast-to-coast network later this year.