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Short Take: Lucent Technologies acquires Ortel

Lucent Technologies said it has aquired Alhambra, Calif.-based Ortel, a developer of cable TV network components. Each outstanding share of Ortel common stock will be converted into 3.1350 shares of Lucent common stock. Lucent is a provider of communication network systems, software, silicon and services. The company recently announced plans to jointly create a company with laser-based Internet access provider TeraBeam Networks.

Lucent Technologies said it has aquired Alhambra, Calif.-based Ortel, a developer of cable TV network components. Each outstanding share of Ortel common stock will be converted into 3.1350 shares of Lucent common stock. Lucent is a provider of communication network systems, software, silicon and services. The company recently announced plans to jointly create a company with laser-based Internet access provider TeraBeam Networks.