Lucent Technologies Down Despite Deal - TheStreet

Lucent Technologies (LU) was down 2.2% in midmorning despite a deal with IBM (IBM) - Get Report announced this morning.

Under the agreement, Lucent's data, wireless and optical products will be included by IBM in offers to service providers and corporations.

The deal will expand Lucent's global sales presence and add several hundred million dollars in revenue to both companies, Lucent said.

IBM was down 1.5%.