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


To: Ibexx who wrote (2645)5/18/1998 2:40:00 PM
From: ALTERN8  Read Replies (1) | Respond to of 21876
 
Volume slowed down since this morning, any ideas why?



To: Ibexx who wrote (2645)5/19/1998 10:42:00 AM
From: William Hunt  Read Replies (1) | Respond to of 21876
 
Ibexx and thread ---LU on a roll---another 280 million deal --- Tuesday May 19, 9:51 am Eastern Time
Company Press Release
SOURCE: Lucent Technologies
TeleCorp Selects Lucent Technologies to Deploy TDMA-Based PCS Networks in Exclusive Deal Worth $280 Million
WASHINGTON, May 19 /PRNewswire/ -- TeleCorp today announced it has signed an exclusive contract with Lucent Technologies to supply the infrastructure for its PCS networks, based on Time Division Multiple Access (TDMA) technology, in a deal worth $280 million.

TeleCorp, AT&T Wireless' largest affiliate, will provide TDMA-based digital wireless service to customers in New Orleans, Memphis, Tenn., Little Rock, Ark., in areas surrounding Boston and St. Louis, Mo.; and in Puerto Rico. This service area covers more than 15 million people. TeleCorp is a member of the AT&T Wireless Network, and its network will be fully compatible with AT&T's national digital PCS network.

''Lucent's competitively priced PCS platform solution and its proven track- record in building reliable wireless networks around the world are the main reasons we selected Lucent to deploy our network,'' said Gerald T. Vento, CEO of TeleCorp. ''With Lucent's systems conforming to the IS-136 standard, our customers will immediately enjoy the convenience of coast-to-coast roaming on the AT&T Wireless network, just as AT&T Wireless' customers will be able to roam onto our network.''

''We are excited to be working with TeleCorp as it begins building its state-of-the-art TDMA network,'' said Doris Jean Head, Lucent vice president- Emerging Wireless Markets. ''TeleCorp is aggressively moving forward to become a major force in the digital wireless marketplace.''

As part of the agreement, Lucent is providing TeleCorp with up to $80 million in financing for the network construction project.

''Our plans call for an aggressive launch schedule,'' said Tom Sullivan, TeleCorp's executive vice president and general counsel. ''The ability to meet such a schedule is one of the reasons we entrusted Lucent to build our networks.''

TeleCorp's PCS network will utilize Lucent's state-of-the-art TDMA wireless platform, operating in the 1.9 Gigahertz (GHz) frequency. The Lucent platform includes its 5ESS(R)-2000 digital switching system and cell site equipment. In addition, Lucent's TDMA platform takes advantage of the IS-136 TDMA standard Digital Control Channel (DCCH), a signaling system that operates behind the scene and offers a variety of intelligent networking options for network operators. The flexibility of Lucent's wireless platform also allows for the potential use of the switching equipment in wireline applications.

''Lucent's IS-136 platform gives TeleCorp a rich suite of digital services equal to or better than our competitors on the day we launch. Strategically, it also gives us the flexibility to go beyond wireless PCS services in the future,'' said David Knutson, vice president of engineering and operations for TeleCorp.

The Lucent equipment will be deployed in all of TeleCorp's markets, and the switch site construction process is currently underway in New Orleans, Little Rock, Boston and Puerto Rico. TeleCorp's network construction and operation will produce a number of local jobs in the markets. ''In addition to offering a superior wireless service to the people in our markets, TeleCorp will also be creating a significant number of high quality, local jobs in conjunction with our presence in the community and delivery of our service,'' added Knutson.

Headquartered in Washington, D.C., TeleCorp was formed in 1997 by Gerald T. Vento and Thomas H. Sullivan. As AT&T Wireless' largest affiliate, TeleCorp will build and operate digital wireless networks in New Orleans, Memphis, Tenn., Little Rock, Ark., in areas surrounding Boston and St. Louis, Mo.; and in Puerto Rico. This service area covers more than 15 million people. TeleCorp has significant financial support from Chase Capital Partners in partnership with Desai Capital Management Incorporated. Other investors include Entergy Technology Holding Company, Hoak Capital Corporation, J.H. Whitney & Co., MC Partners, Toronto Dominion Securities (USA) Inc., Northwood Ventures and OneLiberty Ventures. Under the leadership of Mr. Vento, a twenty-year telecommunications and cable television industry veteran, and Mr. Sullivan, a telecom legal authority and experienced wireless entrepreneur, TeleCorp has assembled an experienced management team of wireless industry professionals and is moving forward aggressively in network operations, information systems and product development to prepare its network for commercial launch. For more information about TeleCorp, visit the company's web site at telecorp1.com.

Lucent Technologies, headquartered in Murray Hill, New Jersey, designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronics components. Bell Laboratories is the research and development arm for the company. For more information on Lucent Technologies, visit the company's web site at lucent.com.

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To: Ibexx who wrote (2645)5/20/1998 4:28:00 PM
From: P2V  Read Replies (2) | Respond to of 21876
 
Lucent Technologies to be Preferred Supplier to Project OXYGENT Global Undersea Network; Contract Estimated at $1 Billion

May 20, 1998
MURRAY HILL, N.J. -- In a move to bring cost-effective, advanced communications
services to people around the world, CTR Group, Ltd., announced today that
Lucent Technologies will be the exclusive provider of land-based optical
networking equipment, service and network management software, power systems,
interconnect equipment, and professional services for CTR's future, global
undersea cable network called Project OXYGEN. This four-year agreement is
estimated to be worth more than $1 billion.

CTR Group, based in New Jersey, created and launched Project OXYGEN.

CTR's network will span every continent except Antarctica. Its first phase will
consist of up to 158,000 kilometers (km) of fiber-optic cable with 101 cable
landing points touching up to 74 countries and locations. The OXYGEN Network
will have a minimum throughput of 640 Gigabits per second (Gb/s) over long-haul
submarine routes and carry at least 16 wavelengths, or channels, of information
per fiber. On terrestrial and shorter undersea segments, the network will
transport up to 1.92 Terabits (trillion bits) per second, the equivalent of
sending nearly 25 million simultaneous phone calls over a cable.

Lucent's equipment and software will enable CTR to meet its goal of delivering
bandwidth that's up to 100 times cheaper than other fiber connections, and
efficiently manage network traffic to meet the explosive demand for Internet,
voice and video services -- projected to be a $1 trillion-a-year global market
by 2000.

"As the demand for Internet and other high-capacity communications services
continues to skyrocket, we are launching Project OXYGEN to rapidly deliver
affordable bandwidth to every corner of the globe," said Neil Tagare, chairman
and CEO of CTR Group. "We selected Lucent Technologies because it continuously
delivers optical networking breakthroughs that will help Project OXYGEN realize
its goal of universally available bandwidth."

"We are pleased to play a key role in building Project OXYGEN, a network that
will nearly double the mileage of today's undersea fiber-optic cable," said Nina
Aversano, president of Lucent's Global Commercial Markets business. "In
launching one of the most ambitious fiber-optic projects of our time, CTR Group
requires a vendor like Lucent, which has delivered more optical networking
systems around the globe than any other supplier and has a proven track record
for building and maintaining large networks."

Under the agreement, Lucent will provide its:

ú WaveStarT BandWidth Manager, a revolutionary, network bandwidth management
system that will single-handedly route all the traffic - voice, ATM, Internet
protocol, and video - in the Project OXYGEN network.

ú WaveStar Optical Line System (OLS) 400G, that will deliver capacity to the
Project OXYGEN network by providing up to 80 high-capacity wavelengths, or
channels of information, over a single fiber strand.

ú Integrated Transport Management (ITM) and ACTIVIEWr Service Management
software that enables CTR Group to efficiently manage its entire network and the
services it provides to customers. Lucent's software has a proven track record
in other large undersea cable networks.

ú GALAXY Power Systems and Cabinet Power Systems that will deliver reliable
power to all electronic equipment in Project OXYGEN's terminal points and
terrestrial repeaters.

ú Fiber-optic infrastructure including Lucent's LGXr (Lightguide Cross Connect)
Fiber Optic Distribution System, interconnecting fiber cables, jumpers and
closures, which connect the switching systems to the transmission equipment.

In addition, Lucent also will provide professional services to engineer and
install the global network.

"While the demand for bandwidth is on the rise, Lucent is stretching the limits
of fiber capacity to unheard-of levels that networks like Project OXYGEN can
take full advantage of," said Gerry Butters, president of Lucent's Optical
Networking Group. "With optical networking systems that deliver triple-Terabit
capacity and a means of managing it all more efficiently, Lucent will enable CTR
Group to drive capacity toward infinity while driving the cost of transporting a
bit close to zero."

As part of the WaveStar BandWidth Manager, CTR Group will deploy Lucent's
next-generation SONET/SDH transport systems that handles both 2.5 and 10 Gb/s
signal rates to carry a variety of incoming traffic. Project OXYGEN also will
take advantage of Lucent's patent-pending SONET/SDH ring protection capability
for very long-distance undersea applications. Also part of the BandWidth
Manager, this feature ensures cost-effective service reliability in the event of
a trans-oceanic fiber cut.

Lucent expects to begin delivery of its equipment and software to Project OXYGEN
by early 1999.

The first phase of the network, valued at $8 billion, will be built in four
parts. CTR plans to complete major trans-Atlantic and trans-Pacific routes, as
well as a terrestrial link across North America, in late 2000. Phase 1 of the
OXYGEN network will be completed in 2002, with additional links including
Northern Europe, the Mediterranean, Middle East, India, both coasts of South
America, Australia, and Central America. Of the 158,000 km of cable making up
the first phase of Project OXYGEN, approximately 8,000 km will be on terrestrial
routes, with the rest undersea.

CTR Group is a Woodcliff Lake, N.J.-based company specializing in building
global infrastructure for the Super-Internet of the future. CTR was founded by
Neil Tagare, who played a key role in the development of FLAG (Fiberoptic Link
Around the Globe), a 28,000-km undersea cable running from Japan to the United
Kingdom. More information on Project OXYGEN is available at
oxygen.org.

Lucent Technologies, headquartered in Murray Hill, N.J., designs, builds and
delivers a wide range of public and private networks, communications systems and
software, data networking systems, business telephone systems and
microelectronics components. Bell Laboratories is the research and development
arm for the company. For more information on Lucent Technologies, visit the
company's web site at lucent.com.

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