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

To: Islander who wrote (3119)	7/20/1998 2:49:00 PM
From: William Hunt	Read Replies (1) \| Respond to of 21876

THREAD ---Monday July 20, 1:20 pm Eastern Time Lucent confirms wins $699 mln Saudi deal NEW YORK, July 20 (Reuters) - Lucent Technologies Inc. confirmed Monday it had won a $699 million mobile telephone contract in Saudi Arabia. Saudi newspapers said Monday Saudi Telecommunications Co. had awarded Lucent the contract to expand the mobile telephone network. ''I can confirm that we have won a contract,'' a spokesman for Lucent's wireless networks group said. ''I can confirm it is worth $699 million.'' Saudi Arabia's al-Hayat newspaper said, ''The new lines will cover all areas of the country, including regions where the service has not yet been launched.'' Lucent shares were up 4-3/16 to 99-5/16, just off a record high of 99-3/8. Lucent was among the most active shares on the New York Stock Exchange. -------------------------------------------------------------------------------- BEST WISHES BILL