Lucent buys in wide-area ATM technology

Lucent buys in wide-area ATM technology
Tom Foremski
Plugging another gap in its data networking business, Lucent Technologies said it will pay about $1bn to acquire US based Yurie Systems, which has key products and technologies in ATM wide area networks.
Lucent is one of Yurie’s OEM customers and uses its ATM access concentrators in its AC 60 and AC 120 products. Lucent plans to use Yurie’s technologies as the basis for a wide range of multiservice access products.
High flying Yurie went public in early last year and has seen its share price soar to more than $34 per share, from a low of $8 3/4.

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