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

To: P2V who wrote (5486)	1/12/1999 1:49:00 AM
From: Diamond Jim	Read Replies (1) \| Respond to of 21876

Tuesday January 12, 1:07 am Eastern Time PRESS DIGEST- New York Times business - Jan 12 NEW YORK, Jan 12 (Reuters) - The New York Times reported the following business stories on Tuesday: * Lucent Technologies Inc. (NYSE:LU - news) to buy Kenan Systems Corp. for $1.45 billion, but is mum on possible acquisition of Ascend Communications Inc. (Nasdaq:ASND - news).

To: P2V who wrote (5486)	1/12/1999 7:03:00 AM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 21876

Marden - I agree that Nortel/Bay does not compete with either Ascend or Cisco in core switches. However, Lucent is way behind both Cisco and Nortel in data networking and acquisition of Ascend helps them close the gap. Acquisition of Ascend gives Lucent additional presence with ISPs but does not help them in the enterprise sector where Cisco and Nortel compete. Right now, Nortel is ahead in voice/data convergence and acquistion of Ascend helps Lucent catch up. Cisco is significantly behind in voice/data convergence. All of this just my opinion but this is how I see it. I am pleased with the Ascend acquisition even though I own no stock in either company. Regards, Ken