To: Yves B. who wrote (32603 ) 4/23/1998 7:34:00 AM From: CPAMarty Read Replies (2) | Respond to of 50808
INTERVIEW - Lucent searches for more acquisitions By Jessica Hall NEW YORK, April 22 (Reuters) - Lucent Technologies Inc. <LU.N>, which has spent more than $3 billion on acquisitions over the past year, is still searching for potential targets, Donald Peterson, its chief financial officer, said Wednesday. Analysts and industry sources have speculated Lucent may make a major acquisition later this year when it is freed from a two-year restriction against pooling-of-interest combinations that would unravel its favorable tax-free spin-off from AT&T. But Peterson said the company would not necessarily wait until the restriction ends on October 1 before making another acquisition. He declined to name any specific targets or sectors. "We have not been in a strategy of waiting. We actively look at acquisitions and made half a dozen in the last year ... and we'll continue to do that," Peterson said in an interview after the company announced better-than-expected quarterly earnings. "I would not see a gate up there that keeps us from doing anything that we think is essential. These markets move too quickly to think you're going to sit out until you're ready," he said. Since its spin-off from AT&T in 1996, Lucent has acquired companies in areas such as microelectronics, messaging and data networking. "We'll continue to look in those areas and others. I wouldn't rule out any area of our business for potential acquisitions if it made sense within our business strategy," he said. Lucent is a leader in the telecommunications equipment market and is becoming an increasingly powerful player in the data and Internet markets, analysts said. Analysts said Lucent could use an acquisition to leap-frog into a leading position in the data market or to extend its reach internationally. A wide range of companies, including Cisco Systems Inc. <CSCO.O> and Finland's Nokia Ab <NOKSa.HE>, have been mentioned as potential targets. Lucent's acquisition prospects -- as well as the company's solid fundamentals and rosy long-term growth outlook -- have pushed its shares up more than 90 percent since the beginning of the year. ------------------------------------------------------------------ How about DiviCom?