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

To: pat mudge who wrote (4802)	10/24/1998 5:40:00 PM
From: esterina	Respond to of 21876

Aware Shares Rise 52% on UN Agency Adoption of Its Standard Bloomberg News October 23, 1998, 3:17 p.m. PT Aware Shares Rise 52% on UN Agency Adoption of Its Standard Bedford, Massachusetts, Oct. 23 (Bloomberg) -- Aware Inc.'s, stock rose 52 percent on expectations that sales of its software and technology will rise after a United Nations agency adopted a new Internet-access standard that uses Aware's technology. Shares of Aware rose 4 7/16 to 13 in trading of more than 2 million shares, 12 times the three-month daily average. Aware's shares traded as low as 4 1/4 last month. The International Telecommunications Union, a UN agency, adopted the standard for high-speed Internet access, called G.Lite ADSL, in Geneva yesterday. ADSL stands for assymmetric digital subscriber line. The Bedford, Massachusetts-based company developed the technology and software that superconductor-chip makers will use to implement the new standard in modems. ''The approval of the standard by the ITU is behind the recent performance of this stock,'' said Charles Pluckhahn, a telecommunications analyst at Stephens Inc., who reiterated his ''buy'' rating on the stock. ''It has increased the level of confidence that investors and I have in the numbers.'' The new modem standard will allow people to simultaneously talk on the phone and get access to the Internet on one telephone line. It also will transmit Internet data as much as 25 times faster than the fastest analog modems. Some telephone and computer companies, including Compaq Computer Corp. and Analog Devices Inc., plan to use, or have begun using, equipment using Aware's technology in their products. Analog Devices, Lucent Technologies Inc. and Siemens Semiconductor, a unit of Siemens AG, have licensed Aware's technology for use in their computer chips, the company said. --Marianne Bray in the New York newsroom (212) 318 2300/cct/bab More News: AWRE