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

To: Rainy_Day_Woman who wrote (6552)	3/9/1999 12:15:00 PM
From: KYA27	Respond to of 21876

Government Seeks More Details On Lucent-Ascend Deal ALAMEDA, Calif. (Reuters) - The Justice Department has requested additional information on Lucent Technologies Inc. (NYSE:LU - news)'s planned $18.5 billion purchase of Ascend Communications Inc. (Nasdaq:ASND - news), the companies said Tuesday. The companies said that ''such a request is not unusual in these circumstances'' and they expect the deal to close by June 30. The acquisition of Ascend would give Lucent, the leading maker of telecommunications equipment and software, a strong position in the field of data networking technology and make it the leading rival of Cisco Systems Inc. (Nasdaq:CSCO - news), whose routers carry a majority of Internet traffic. Ascend shares rose 12.5 cents to $81.44 in morning trade on the Nasdaq stock market, while Lucent shares fell 50 cents to $107 on the New York Stock Exchange.