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

To: MSM who wrote (6818)	3/25/1999 6:03:00 PM
From: KYA27	Respond to of 21876

LUCENT TECHNOLOGIES ANNOUNCES ********* CELEBRATING 100 YEARS -- The largest physics meeting in history takes place in Atlanta this week, and will feature talks by four Bell Labs scientists who will highlight the impact of physics on communications. Bill Brinkman, James Gordon, Wayne Knox and Federico Capasso will address the 100th anniversary meeting of the American Physical Society, which is expected to draw 10,000 physicists to the Georgia World Congress Center. IEEE HONORS RESEARCHER -- The Computer Society of the Institute of Electrical and Electronics Engineers (IEEE) has chosen Bell Labs researcher Ken Thompson to receive the first Tsutomu Kanai Award. The award recognizes contributions in the area of distributed computing systems, and cites Thompson for his role in creating the UNIX operating system. * LUCENT IN THE NEWS *************** EYES ON ENTERPRISE MARKETS -- Lucent wants to dominate the data communications networks of the future. Lucent's push reflects a sea change in the way businesses use technology. Increasingly, especially with the rise of the Internet, the line between networking hardware and PBX is becoming blurred. The call center boom has been swiftly followed by the rise of Internet protocol (IP). "There are substantial opportunities to provide telecommunications companies with Internet technology- based systems for voice, video and data," claimed Rich McGinn, Lucent chairman and CEO. Lucent can use its 100 plus-year history as a trusted blue chip to take some of this new world for itself. According to Ben Verwaayen, executive vice president and CEO for Lucent in Europe, Middle East and Africa (EMEA), "We operate in a huge and growing market." The company estimated, the total market for communications systems and support services in 1997 was $380 billion worldwide. By 2001, however, this figure will have nearly doubled to $650 billion. Lucent wants to get into the $129 billion enterprise market. By 2001, the enterprise market will be worth $251 billion. Certainly, Lucent is starting to rack up enterprise-level customers beyond the British Telecoms of the world. Technology is very important to McGinn, and Lucent's heart. Lucent is active in high-tech areas such as wavelength division multiplexing, fiber manufacture, digital signal processing, wireless technologies, and terabit switching and routing. But its Bell Labs that gives Lucent the edge. [InformationWeek (UK edition), 3/24]