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To: Frank A. Coluccio who wrote (13699)	4/28/1998 10:29:00 AM
From: Steve Parrino	Respond to of 77400

Thread: Would be interested to hear any comments about LU picking up Yurie. How much does this strengthen LU's data capabilities? Monday April 27 2:43 PM EDT Lucent To Buy Yurie Systems For About $1 Billion NEW YORK (Reuters) - Lucent Technologies said today it had agreed to acquire Yurie Systems Inc., a leading maker of data, voice and video networking equipment, for $35 cash per share, or a total of about $1 billion. Lucent, a manufacturer of telecommunications systems, software and products, said the deal would result in an unspecified charge against its earnings in the fiscal third quarter and would be slightly dilutive to earnings in the first full year of operations after the deal was completed. Yurie shares closed at $31.50 on Friday on the New York Stock Exchange. The shares had not yet traded at 1100 EDT/1500 GMT Monday. Lucent was down $3 at $70.50 in Monday morning trading. Lucent, the telecommunications equipment arm spun off from AT&T in 1996, said the boards of both companies had approved the deal, which is expected to close by the end of the second quarter. Shareholders holding more than 50 percent of Yurie's common stock on a fully diluted basis have agreed to tender their shares to Lucent, Lucent said. Under the terms of a definitive agreement between the companies, Lucent will begin a tender offer for all outstanding shares of Yurie common at $35 cash per share. The offer is expected to begin no later than April 30 and will be scheduled to close by May 28.