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

To: Boplicity who wrote (2970)	7/7/1998 8:12:00 AM
From: jz	Read Replies (1) \| Respond to of 21876

Anyone can confirm the following -- www3.techstocks.com Thanks, John

To: Boplicity who wrote (2970)	7/7/1998 9:01:00 AM
From: Sawtooth	Respond to of 21876

Tuesday July 7, 5:54 am Eastern Time Lucent sets up China software centre BEIJING, July 7 (Reuters) - Lucent Technologies Inc has set up a technical centre in Beijing to develop communications software, a company spokesman said on Tuesday. Lucent would invest more than 200 million yuan ($24.1 million) in communications software development at the centre over the next three years, said Bo-ning Yang, public relations manager for Lucent Technologies China. The new centre was a part of Bell Laboratories, Lucent's research and development arm, he told Reuters. Lucent said last month it had signed three contracts with Chinese partners, including an $11 million deal with Guangdong Post and Telecommunications Administration for local transmission equipment. The contracts, signed days before U.S. President Bill Clinton's visit to China, also included a $40 million letter of intent with China Telecom for the purchase of telephone transmission equipment, and an $11 million agreement with China Telecom and a Shanghai firm for an optic cable trunk line, it said. Lucent has six joint ventures and two wholly-owned units manufacturing telecommunications equipment in China, it said. ($1.0 = 8.3 yuan) -- Beijing Newsroom (86) 10-6532-1921; Fax (86) 10-6532-4978