Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Lucent to acquire switch developer Excel

Published on .

Murray Hill, N.J.--Lucent Technologies will acquire Excel Switching Corp., a Hyannis, Mass., developer of programmable switches. Excel's switching platforms serve as bridges between circuit and packet networks, and allow software developers to adapt their products to diverse worldwide systems. Under the terms of the agreement, each share of Excel will be converted into .5580 share of Lucent. Based on Tuesday's closing price of $66.50 a share for Lucent, the deal would be valued at about $1.7 billion. The acquisition is expected to be completed by the end of the year.
Most Popular
In this article: