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To: DaveMG who wrote (16921)	10/22/1998 8:05:00 AM
From: w2j2	Read Replies (1) \| Respond to of 152472

Ericcson chose not to report quarter earnings...only 9 month earnings...I smell a dead fish! wj

To: DaveMG who wrote (16921)	10/22/1998 8:14:00 AM
From: DaveMG	Respond to of 152472

LU and WINSTAR: 2 Billion WinStar/Lucent Strategic Agreement To Expand WinStar's Broadband Network NEW YORK, Oct. 22 /PRNewswire/ -- WINSTAR COMMUNICATIONS (Nasdaq: WCII - news) and LUCENT TECHNOLOGIES (NYSE: LU - news) today announced that they have entered into a long-term strategic relationship to build out WinStar's fixed wireless broadband telecommunications network in major domestic and international markets. Lucent will provide world class technology, network design, integration and buildout services and the vast majority of the communications hardware and software for WinStar's global network. Over the life of the five-year agreement, Lucent will also provide up to $2 billion in equipment financing to fund the buildout of the world's first global end-to-end broadband network. WinStar may draw this financing in tranches not to exceed $500 million at any one time in accordance with mutually agreed upon terms. Through its Wireless Fiber(SM) services, WinStar's network provides customers with a single, reliable source of local and long distance phone service, as well as a full array of high speed data, Internet and information services. The agreement gives WinStar, which was already fully funded to complete its 40-market buildout by the end of 1999, additional resources which will allow it to complete the national deployment of its wireless broadband network ahead of schedule. These resources also will enable WinStar to increase the number of U.S. cities to which it will bring its network, and to build networks internationally. William J. Rouhana, Jr., chairman and chief executive officer of WinStar, said, ''This is a defining moment for WinStar. Lucent's major commitment of expertise and financing, combined with the overwhelming speed-to-market and cost advantages of WinStar's business model, clearly propels us to the top of the competitive local exchange carrier industry. With Lucent's network knowledge behind us, we are positioned to be the first competitive carrier to create a nearly ubiquitous end-to-end broadband network in the top 100 world markets.'' ''WinStar was already fully financed to build out its 40 city plan and achieve positive EBITDA by the year 2000,'' Rouhana continued. ''We are now at a new level with enough capital to achieve positive net income and control over when we build out our network in up to 100 cities around the world. We now have the opportunity to aggressively plan for our expansion into the top 50 domestic markets and into the international marketplace as well.'' Carly Fiorina, group president of Lucent's Global Service Provider business said, ''We are proud and excited that WinStar selected Lucent to design and build the kind of feature-rich network that will enable it to serve its customers better. WinStar is revolutionizing the way that businesses receive and use broadband telecommunications services and we are excited about furthering that revolution through this strategic relationship. This complete network solution will showcase the breadth of Lucent's product lines, the value of Bell Labs innovations and our unmatched expertise in helping customers design, build and turn up their networks quickly and profitably.'' Nathan Kantor, president and chief operating officer of WinStar said, ''With its world-class technology, scale, and state-of-the-art expertise, Lucent is the most prestigious and desirable company with which to have this kind of strategic relationship. WinStar and Lucent will work hand in hand in every aspect of our network buildout. Lucent has the broad resources necessary to ensure that we maintain the highest standards of quality and reliability throughout our expansion, which will enable us to increase our focus on building the customer base and to achieve national ubiquity faster than anyone thought possible.'' Under the agreement: * Lucent will provide network design, integration and buildout services for WinStar's end-to-end global network, encompassing a flexible, scaleable architecture to accommodate WinStar's present and future voice and data service offerings. WinStar will continue to operate and maintain final design authority for its network. * Lucent will provide its superior technology and equipment for this state-of-the-art network. Lucent will also access, test and integrate all elements in WinStar's network, including equipment from other manufacturers. WinStar plans to implement a nationwide fixed wireless broadband local network that will be integrated with an optical network that will use Lucent's 80-channel dense wave division multiplexing (DWDM) optical networking equipment. Lucent's WaveStar(TM) OLS 400G dramatically boosts the capacity of fiber-optic networks by transporting up to 80 wavelengths, or channels, of voice, data and video traffic simultaneously on a single fiber. The network solution also includes Lucent's flagship product, the 5ESS(R) AnyMedia(TM) switch, and the AnyMedia(TM) Access FAST digital loop carrier. Lucent will also supply PortMaster(R) Internet protocol remote access technology and remote access concentrators, its network management software and professional services as well as power equipment. Lucent Technologies, headquartered in Murray Hill, N.J., designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronic components. Bell Labs is the research and development arm for the company. For more information on Lucent Technologies, visit our web site at lucent.com. WinStar Communications, Inc. is a facilities-based national local communications company, serving business customers in major markets throughout the U.S. The company provides local and long distance phone service and high-speed data, Internet access and information services. WinStar provides these Wireless Fiber(SM) services over its own network, using its licenses in the 28 and 38 GHz spectrum. Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, which are described in WinStar's SEC reports, including the 10-K for the period ended December 31, 1997 and the 10-Q for the period ended June 30, 1998. WinStar is a registered trademark, and Wireless Fiber is a service mark of WinStar Communications, Inc. SOURCE: Lucent Technologies

To: DaveMG who wrote (16921)	10/22/1998 8:22:00 AM
From: DaveMG	Read Replies (2) \| Respond to of 152472

LU Earnings: Thursday October 22, 7:29 am Eastern Time Lucent Technologies Q4 profits rise MURRAY HILL, N.J., Oct 22 (Reuters) - LUCENT TECHNOLOGIES INC. Fourth Fiscal Quarter Income Statement (Unaudited; Millions of Dollars, except per share amounts) For Three Months Ended 9/30/98 9/30/98 (a) 9/30/97 (b) Revenues 8,038 8,038 6,933 Costs 4,255 4,255 3,873 Gross Margin 3,783 3,783 3,060 Selling, General and Administrative 1,828 1,828 1,608 Research and Development 1,137 973 835 Total Operating Expenses 2,965 2,801 2,443 Operating Income 818 982 617 Other Income (Expense), net(40) (40) 51 Interest expense 86 86 72 Income before income taxes 692 856 596 Income tax expense 304 308 227 Net Income 388 548 369 Earnings per share - Basic 0.30 0.42 0.29 Earnings per share- Diluted 0.29 0.41 0.28 Effective tax rate (%) 43.9% 36.0% 38.1% NOTE: Lucent Q4 First Call estimate $0.39 a share. (a) Excludes one-time, pre-tax charges of $164 million ($160 million after-tax) for in-process research and development related to the acquisitions of SDX, MassMedia, LANNET, and JNA. (b) Excludes one-time, after-tax charges of $966 million related to the acquisition of Octel. Fiscal Year 1998 Income Statement (Unaudited; Millions of Dollars, except per share amounts) For Twelve Months Ended 9/30/98 9/30/98 (a) 9/30/97 (b) Revenues 30,147 30,147 26,360 Costs 16,156 16,156 14,890 Gross Margin 13,991 13,991 11,470 Selling, General and Administrative 6,436 6,436 5,758 Research and Development 5,094 3,678 3,102 Total Operating Expenses 11,530 10,114 8,860 Operating Income 2,461 3,877 2,610 Other Income, net 163 14 141 Interest expense 318 318 305 Income before income taxes 2,306 3,573 2,446 Income tax expense 1,336 1,286 939 Net Income 970 2,287 1,507 Earnings per share - Basic 0.74 1.75 1.18 Earnings per share- Diluted 0.73 1.72 1.17 Effective tax rate (%) 57.9% 36.0% 38.4% (a) Excludes one-time, after-tax charges of $1.412 billion for in-process research and development related to the acquisitions of Livingston, Prominet, Yurie, Optimay, SDX, MassMedia, LANNET, and JNA, and $149 million pre-tax ($95 million after-tax) gain on the sale of ATS. (b) Excludes one-time, after-tax charges of $966 million related to the acquisition of Octel. -------------------------------------------------------------------------------- More Quotes and News: Lucent Technologies Inc (NYSE:LU - news)