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Technology Stocks : Ascend Communications-News Only!!! (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Maverick who wrote (1116)	2/4/1998 7:20:00 PM
From: blankmind	Respond to of 1629

let's keep the rumors flying (see bold) - from feb network computing Lucent Gets Serious About Data Networking Look for Lucent Technologies to hire and acquire more data networking people and concerns over the next year, catching up with the trend exhibited by other PBX equipment manufacturers, like Siemens and Ericsson, that have already made this foray into data networking. When Lucent chairman Henry Schacht restructured the company in October, data networking and wireless became top priorities. That's because Lucent sees itself surviving as a telecom equipment manufacturer by providing infrastructural elements for the convergence of PBX and data technologies, says William O'Shea, group president of Lucent's Business Communications Systems and Data Networking Systems units. Putting its money where its mouth is, Lucent recently spent $650 million to buy Livingston Enterprises, its first acquisition of a data-networking vendor. Livingston manufactures servers and remote-access and security products for ISPs. "We're going to concentrate simultaneously on our core PBX business, multimedia and pure data networking," says Carly Fiorina, president of Lucent's global services provider business unit. Some analysts don't believe that Livingston was the best move Lucent could have made. "Look for Lucent to acquire something like a Bay Networks next," says David Cooperstein, a telecom analyst for Forrester Research. "It would be a far better buy than Livingston and a perfect fit. Lucent is spending 60 percent to 80 percent of its R&D on software now, so to acquire the kind of networking know-how Bay has would be the perfect complement."