Lucent (LU) was down 0.5% in preopen Instinet trading following published reports that the company would meet this week to consider an offer by French telecommunications company Alcatel (ALA) .


Financial Times

today said any deal between the two would be closely scrutinized by the U.S. government, as Lucent's Bell Laboratories did encryption work for the top-secret U.S.

National Security Agency


Reports Friday said Alcatel had offered to buy the American telecommunications equipment maker in a $40 billion all-stock transaction. Alcatel was down 2.6%.