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

To: djane who wrote (3705)	8/20/1998 3:04:00 PM
From: Mark Palmberg	Read Replies (1) \| Respond to of 21876

Incidentally McGinn accidentally let it slip that Ascend was one of the companies they are acquiring in a company meeting a couple of months ago. This is from a Lucent contact in NJ. If this is true, and I were CSCO's CEO, I'd be scrambling. Actually, Cisco has already made it pretty clear that they are up to the task of meeting Lucent head on -- with or without Ascend. I thought McGinn mentioned in a recent interview that Lucent wasn't going to use the pooling method when they made their next acquisition. Anyone remember this? My impression was that they were waiting for something else...maybe this little confab with Ascend, before they just went ahead and snapped someone up. Maybe I'm remembering this incorrectly. Mark

To: djane who wrote (3705)	8/20/1998 3:04:00 PM
From: djane	Read Replies (1) \| Respond to of 21876

8/12/98 Paul Johnson (BARS analyst) report on the 1998 New Millennium Conference held on 8/4/98. Entitled "Moore's Law Meets the Telecosm." Released today on Professional Edge (via E*Trade) at 1:13 p.m. EST. Can't copy it -- here are excerpts 8-page report is very bullish on the new packet-switching based networks. Lengthy discussion of AT&T need to rebuild its circuit-based network. Many positive references to ASND GX550 new ATM switch with OC48 pipe as a very economical way for AT&T. Based on discussions with LU, NT and TLAB, Johnson writes, "[They] do not have the DNA in their organization to develop these new technologies." States that such companies will be "aggressive on acquisitions" as a result. Johnson's report is quite excellent.