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

To: Rainy_Day_Woman who wrote (5016)	11/25/1998 11:23:00 AM
From: Skywatcher	Read Replies (1) \| Respond to of 21876

Lucent Technologies Exercises Option to Acquire WaveAccess Ltd.; Proposed Purchase Strengthens Lucent's Commitment to Packet Data Networks MURRAY HILL, N.J., Nov. 25 /PRNewswire/ -- Lucent Technologies (NYSE: LU - news) today announced it has exercised an option to acquire the remaining 80 percent of WaveAccess Ltd. for approximately $50 million in cash. In May of this year, Lucent acquired a 20 percent stake in the company. The acquisition will provide Lucent with a high-performance packet radio technology for licensed spectrum wireless Internet access and metropolitan area networks. chris