SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?


To: Mark Duper who wrote (5501)1/13/1999 9:16:00 AM
From: Rainy_Day_Woman  Respond to of 21876
 
BEFORE THE BELL - Lucent falls
NEW YORK, Jan 13 (Reuters) - Lucent Technologies Inc. fell 6-5/8 from its Tuesday close, to 101-1/4, in pre-open activity Wednesday after the company announced details of its plan to acquire Ascend Communications Inc. (Nasdaq:ASND - news).

Internet-related stocks fell sharply in pre-open trade, but volume was thin with many investors on the sidelines following Brazil's effective devaluation of its currency, the real, traders said.

Trading in Lucent and Ascend was fairly brisk. Ascend rose 3-1/8 from its Tuesday close, to 78-1/16.

Lucent will acquire Ascend for about $20 billion in stock.




To: Mark Duper who wrote (5501)1/13/1999 9:22:00 AM
From: Trevor Quest  Respond to of 21876
 
WELCOME MARK! I hope you bring all the boys and girls from the ASND thread with you. Lots of bright investors here and NO SPAM! Enjoy.

TQ