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Technology Stocks : Voice-on-the-net (VON), VoIP, Internet (IP) Telephony -- Ignore unavailable to you. Want to Upgrade?

To: Stephen B. Temple who wrote (2218)	12/26/1998 5:16:00 PM
From: Stephen B. Temple	Respond to of 3178

Brooktrout buys Lucent's Telephony unit Network World: Lucent has sold its Computer Telephony Products division to communications firm Brooktrout Technology for $29.4 million in cash, the companies said today. The deal could help accelerate the development of technology standards needed to help the nascent computer telephony market grow, officials at both companies said. Lucent's CTP unit develops hardware and software products that link PCs with local area networks and telephone networks, as well as other technologies for the voice processing industry. By itself CTP isn't big enough to establish the standards needed to help the market grow, Lucent spokeswoman Mary Ward said. Brooktrout generated $98 million in revenue in fiscal 1998, compared with CTP's $30 million. The acquisition will give Brooktrout the critical mass it needs to drive growth and direction in the telephony market, said Kenneth Lavine, former president of CTP, who joins Brooktrout as a division president. The deal also helps Brooktrout's strategy to develop products that carry voice and data traffic over a single network. Based in Los Gatos, Calif., Lucent's CTP division employs approximately 100 workers and will become a wholly owned subsidiary of Brooktrout, in Needham, Mass. CTP's products are sold mostly through telephone switch manufacturers, computer telephony value added resellers and developers, and distributors. [Copyright 1998, Network World]