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

To: Diamond Jim who wrote (6304)	2/18/1999 7:55:00 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 21876

Thursday February 18, 7:28 am Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) Lucent forms fiber cable co. with Russian firm NEW YORK, Feb 18 (Reuters) - Lucent Technologies Inc.(NYSE:LU - news), the world's largest maker of telecomunications equipment and SviazStroy-1 on Thursday joined forces to manufacture fiber optic cable to meet the growing needs of network operators in Russia and other countries within the Commonwealth of Independent States. The new company, called Lucent Technologies SviazStroy-1 Fiber Optic Cable Co., will be based in Voronezh, Russia. Murray Hill, N.J.-based Lucent will be the majority owner of the joint venture, with a 51 percent share. SviazStroy-1, a construction concern and installer of fiber optic cable in central Russia, will own 49 percent share.