Lucent Technologies (NYSE: LU) advanced 37 U.S. cents to $10.08 in morning trading Tuesday, following news of deals with Global Crossing (NYSE: GX) and China Unicom (NYSE: CHU).
Lucent said it landed Global Crossing as the first customer for its WaveStarLambdaRouter communications switch. The “multimillion-dollar” agreementcalls for Global Crossing to use the equipment to connect, send anddistribute data traffic over its multi-cable, transatlantic opticalnetwork, according to Lucent, which plans to begin installing the systems thismonth.
Lucent said the LambdaRouter is 16 times faster than electronic switchesused in communications networks, and is capable of routing billions ofe-mail messages a second. Installation is set to be completed in the thirdquarter of this year.
“Maintaining all-optical traffic through the LambdaRouter will enable GlobalCrossing to offer ‘instant Internet’ and deliver other high-speed data andvideo services more quickly, securely and cost-effectively,” said WallyDawson, executive vice president of Global Crossing’s global networkdivision.
Global Crossing tested the router last year between New York City andEngland. Lucent said “several” other customers are also testing the system.
In other news, Lucent was also one of several companies reported to be part of a $1.5billion deal to supply China Unicom with equipment for a mobilecommunications network. Ericsson (Nasdaq: ERICY), Motorola (NYSE: MOT) andNortel Networks (NYSE: NT) were also reported winners.
Earlier this month, Lucent announced a management restructuring thatincluded the replacement of its chief financial officer. In January, the Murray Hill,New Jersey-based company began a streamlining plan designed tosave money and boost working capital.