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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: j kong who wrote (4956)	9/11/1998 11:45:00 AM
From: Richard V Davis	Read Replies (1) \| Respond to of 8358

News story mentioning LU looking for networking companies, CS was not mentioned. Too bad, would have been good for a point at least IMHO. Business Editors NEW YORK--(BUSINESS WIRE)--Sept. 11, 1998--Red-hot telecom equipment maker Lucent Technologies may soon be in the hunt for networking companies and foreign partners, Business Week reports. Despite Lucent's soaring stock since its 1996 IPO, the company hasn't been free to use its shares as acquisition currency. The reason: Accounting rules bar spin-offs like Lucent from using an accounting method called "pooling of interests" for deals until they have been independent for two years. Lucent's second birthday is Oct. 1. So what will the Lucent buy itself as a gift? The company won't comment, but investors and analysts are buzzing about possible targets, including networking equipment maker Ascend Communications, France's Alcatel, and Finland's Nokia.