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Technology Stocks : Celestica

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To: xtahce who wrote (434)7/24/2001 8:49:23 AM
From: xtahce  Read Replies (1) of 456
 
July 24,2001 6:42AM Celestica (CLS) 44.81: Enters a manufacturing supply agreement with Celestica (CLS) by which Lucent will transition its manufacturing operations at Oklahoma City and Columbus, Ohio to Celestica over the next few months. CLS will pay Lucent between $550-$650 mln in cash, and Lucent will enter into a 5-yr supply agreement valued at up to $10 bln for CLS to be primary manufacturer for Lucent's switching, access and wireless networking systems products.

Celestica announces five-year strategic manufacturing agreement with Lucent worth up to US$10 billion
newswire.ca

Late June WSJ had reported an estimated figure of between $600 million and $900 million for these facilities:
smartmoney.com

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