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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: David Weis who wrote (12392)	7/20/1998 10:54:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 42787

someone PM'ed this to me ---------------- It looks like LU just put a lot of foreign telecommunications companies into play. Sunday July 19, 8:59 pm Eastern Time Lucent 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 - news), 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 comme