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

To: jach who wrote (4841)	10/28/1998 9:07:00 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 21876

RESEARCH ALERT - Lucent seen winning contracts Reuters, Tuesday, October 27, 1998 at 22:40 NEW YORK, Oct 27 (Reuters) - Salomon Smith Barney said Tuesday Lucent Technologies Inc. (NYSE:LU) appears poised to win about $1 billion of wireless contracts in Brazil, a market typically dominated by rivals such as Ericsson (SWED:LME.B) or Northern Telecom Ltd. (TSE:NTL). -- Lucent said earlier on Tuesday it was awarded a contract by the cellular companies owned by the Telefonica Group in Brazil to build wireless communications networks in Rio de Janeiro and Sergipe. The award is subject to negotiation of final terms. Financial details were not disclosed. -- Salomon Smith Barney said the contract in Rio de Janeiro and a potential contract in Sao Paulo together may be worth about $1 billion. -- said these deals highlight Lucent's move into the South American wireless market. Also indicates that Lucent's expectations for continued market share gains in a fast-growing wireless markets are sustainable. -- shares of Lucent fell 7/8 to 79 in afternoon trading. Copyright 1998, Reuters News Service