LUCENT DEAL ANNOUNCEMENT POWERS VERTEL STOCK SURGE.Byline: Deborah Adamson Staff Writer Vertel Corp. shares shot up by 58 percent after the company announced a deal Wednesday with Lucent Technologies that has the potential to add $20 million in revenues over three years for the Woodland Hills-based company. Vertel rose $1.09375 to close at $2.96875 on 4 million shares traded, 27 times higher than its 30-day average volume. Vertel, a provider of networking software  This article is written like a personal reflection or and may require .Please [ improve this article] by rewriting this article in an . , was tapped by the telecommunications giant to develop ``mediation mediation, in law, type of intervention in which the disputing parties accept the offer of a third party to recommend a solution for their controversy. Mediation has long been a part of international law, frequently involving the use of an international commission, solutions'' and software that will enable different types of telecom equipment to communicate. The software, tailored to the specific needs of Lucent, is expected to be a more advanced and cost-efficient version of what's on What's On (Traditional Chinese: 熒幕八爪娛) is a weekly half-hour TV series that airs on Fairchild Television. Format Originally started in 1996, the show is currently the longest-running program in Fairchild Television history. the market now. ``Our expectations are that we'll start off working on a couple of specific projects by the end of the year and once we are successful, we'll have other things in the pipeline,'' said Deepak Kanwar, director of Lucent's Communications Software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems Group in Murray Hill Murray Hill may refer to one of the following places:
The new software will be incorporated into Lucent's existing technologies and sold to the company's clients such as phone companies. ``It's a big endorsement,'' said Ruth Cox, vice president of marketing for Vertel. ``This is a very important step forward for us.'' Vertel had sales of $4.5 million for the first quarter of 1999 and a net loss of $1.5 million, or 6 cents a diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share. The company made $340,000 (1 cent) in the first quarter a year ago on sales of $4.9 million. The 1999 quarter suffered from lower licensing revenues and higher research and development costs, among other factors. The 1998 quarter included one-time licensing revenues. |
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