Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tweaker who wrote (3083)	7/19/1998 9:25:00 PM
From: LWolf	Respond to of 21876

Tweaker or anyone - what do you suppose is going on here: LW **************** Subject: Reuters:(LU)-Lucent<LU.N> to bid A00 mln for JNA -paper Lucent<LU.N> to bid A$100 mln for JNA -paper SYDNEY, July 20 (Reuters) - U.S. communications equipment group Lucent Technologies Inc was expected to bid A$100 million in cash for Australia's JNA Telecommunications Ltd <JNA.AX>, The Australian Financial Review newspaper said on Monday. "The deal, which was believed to have followed a bidding war between Lucent and another U.S. major, Cisco Systems Inc <CSCO.O>, is expected to be for about A$3.50 a share," the Financial Review said. The report did not include sourcing. JNA's shares closed up three cents at A$2.48 on Friday, valuing the telecommunications equipment maker at A$73.66 million. JNA's Manager of Telecommunications Marketing Bill Hayne later told Reuters he could not comment on the report. "As soon as we're in a position to make an announcement, we will," he said. JNA Managing Director Peter Davies was not available for comment. ((Sydney Newsroom - 61-2 9373-1800, sydney.newsroom@reuters.com)) REUTERS Copyright REUTER 20:59 07-19-98

To: Tweaker who wrote (3083)	7/19/1998 9:28:00 PM
From: LWolf	Read Replies (1) \| Respond to of 21876

Another bit on JNA bid - ******************************** Subject: Reuters:(LU)-JNA <JNA.AX> says expects U.S. takeover bid JNA <JNA.AX> says expects U.S. takeover bid SYDNEY, July 20 (Reuters) - Telecommunications equipment maker JNA Telecommunications Ltd said on Monday it had requested a halt to trade in its shares because it expected to receive a takeover bid from a major North American group. Earlier on Monday The Australian Financial Review newspaper said Lucent Technologies Inc <LU.N> was expected to bid A$100 million or A$3.50 a share in cash for JNA. JNA's shares closed up three cents at A$2.48 on Friday, valuing the telecommunications equipment maker at A$73.66 million. REUTERS Copyright REUTER 21:18 07-19-98