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

To: Bindusagar Reddy who wrote (7986)	5/24/1999 7:55:00 AM
From: Linda Pearson	Read Replies (1) \| Respond to of 21876

news.com Lucent's New Technology Extends Life of Current Networks Bloomberg News May 24, 1999, 12:24 a.m. PT London, May 24 (Bloomberg) -- Lucent Technologies Inc., the world's biggest phone equipment maker, has developed a new technology which confers many of the capabilities of the next generation of mobile phone services on to today's cellular phones, the Financial Times reported, without citing sources. The Lucent development will cast fresh doubts on the viability of ''third generation'' mobile services, said to be the next revolution in mobile telecommunications. Lucent's new technology allows many third generation-like services, such as sending faxes, videos and voice data to mobile phones, to be performed on older, second generation networks -- saving about 1 billion pounds ($1.6 billion) in investment on each new third generation network. Ascend Communications Inc., the No. 3 maker of networking equipment, said May 21 shareholders will vote June 24 on Lucent Technologies Inc.'s proposed $21 billion takeover of Ascend, the largest purchase of a computer-networking company.