Lucent Technologies, Inc.
Ticker: LU 600 Mountain Avenue
Exchange: New York Stock Exchange Murray Hill, New Jersey 07974
Industry: Manufacturing (908) 582-8500

Type of Shares:Common Shares Filing Date:2/5/96
U.S. Shares:98,037,037 Offer Date:4/3/96
Non-U.S. Shares:14,000,000 Filing Range:$22.00 - $25.00
Primary Shares:112,037,037 Offer Price:$27.00
Secondary Shares:0 Gross Spread:$1.05
Offering Amount: $2,632,870,370 Selling:$0.65
Expenses:$12,000,000 Reallowance:$0.10
Shares Out After:636,661,931
Spin out parent firm: AT&T;

ManagerTierPhone
Morgan Stanley & Co. IncorporatedLead Manager (212) 703-4797
Bear, Stearns & Co. Inc.Co-manager (212) 272-2000
CS First BostonCo-manager (212) 909-3312
Goldman, Sachs & Co.Co-manager (212) 902-1172
J.P. Morgan Securities Inc.Co-manager (212) 648-9922
Merrill Lynch & Co.Co-manager (212) 449-4600
PaineWebber IncorporatedCo-manager (212) 713-2626

Auditor: Coopers & Lybrand
Audited
Income
Latest
Unaudited
Income
Prior
Unaudited
Income
Balance
Sheet
12/31/95 12/31/95
Revenue:$21,413.00Assets:$19,722.00
Net Income:-$867.00Liabilities:$18,288.00
EPS:-$1.65Equity:$1,434.00

Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year,
unaudited figures are partial year

Business Description
Lucent Technologies Inc. is one of the world's leading designers, developers and manufacturers of telecommunications systems, software and products. The Company is a global market leader in the sale of public telecommunications systems, and is a supplier of systems or software to 23 of the world's 25 largest network operators. The Company is also a global market leader in the sale of business communications systems and in the sale of microelectronic components for communications applications to manufacturers of communications systems and computers. Further, the Company is the largest supplier in the United States of telecommunications products for consumers. In addition, the Company has provided engineering, installation, maintenance or operations support services to over 250 network operators in 75 countries, over 1.4 million business locations in the United States, and approximately 100,000 business locations in over 90 other countries.

Use of Proceeds
Proceeds from the proposed offering will be used to repay debt and for general corporate purposes.

Last updated: 10/28/96

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