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

To: Lee Ring who wrote (6642)	3/16/1999 8:41:00 AM
From: KYA27	Respond to of 21876

Investors shrug at Nortel deal Elsewhere in telecommunications, the latest big-name alliance among bellwethers of tech garnered only a dollop of Wall Street interest. Canada's Northern Telecom (NT) lined up for a four-way tie-up with Microsoft (MSFT) Intel (INTC) and Hewlett-Packard (HWP) to produce equipment that will let companies send voice, video and data traffic over their computer networks. Nortel, the only telecommunications gear maker in the bunch, added 1-3/8 to 60-3/16. But the agreement didn't give any particular boost to Nortel's stock, as its top rivals also rose: Cisco Systems (CSCO) gained 1-3/4 to 105 and Lucent Technologies (LU) rose 2-9/16 to 105-13/16. Among Nortel's partners, H-P rose 2-9/16 to 71-9/16, and Microsoft rose 5-11/16 to 165-7/8 Chip giant Intel shed 3/8 to 117-7/8.