Top 100 Computer Companies
Ascend Communications and Lucent Technologies Receive
Merger Clearance From DOJ
MURRAY HILL, N.J., April 12, 1999Lucent
Technologies (NYSE:LU) and Ascend Communications (NASDAQ:ASND) said they have received
antitrust clearance for their proposed merger from both the U.S. Department of Justice
(DOJ) and the European Commission.
The merger, which was announced on Jan. 13, is expected to be completed in the quarter
ending June 30, pending the approval of Ascend shareowners.
Lucent Technologies, headquartered in Murray Hill, N.J., USA, designs, builds and
delivers a wide range of public and private networks, communications systems and software,
data networking systems, business telephone systems and microelectronic components. Bell
Laboratories is the research and development arm for the company. For more information on
Lucent Technologies, visit its Web site at http://www.lucent.com.
Ascend Communications Inc. develops, manufactures, sells and services wide area
networking solutions for telecommunications carriers, Internet service providers and
corporate customers worldwide.
For more information about Ascend and its products, please visit the Ascend Web site at
http://www.ascend.com, or send e-mail to email@example.com. For Investor Relations, please call our
communications hotline at 800-648-3059 or 760-704-4423 (outside the U.S. and Canada).
Additional investor information can also be accessed on our Web site at: http://www.ascend.com/investor. Ascend is
headquartered at One Ascend Plaza, 1701 Harbor Bay Parkway, Alameda, Calif. 94502; phone
is 800/ASCEND4 and fax is 510-814-2300.