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

To: Marc Hyman who wrote (5496)	1/13/1999 1:27:00 AM
From: Rainy_Day_Woman	Respond to of 21876

yes!!! Lucent To Buy Ascend For $20 Bln - Sources By Duncan Martell PALO ALTO, Calif. (Reuters) - Lucent Technologies Inc. (NYSE:LU - news), the world's largest telecommunications equipment maker, will announce Wednesday the acquisition of Ascend Communications, the fourth largest maker of computer networking equipment, in a deal valued at about $20 billion in cash and stock, sources familiar with the situation said. Lucent and Ascend declined to comment. Lucent will exchange 0.825 of its stock for each Ascend share, valuing Ascend shares at $90 based on Lucent's close Tuesday, a source close to Ascend said. A formal announcement would be made at about 0530 EST Wednesday morning, the source said. dailynews.yahoo.com