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Technology and Finance Companies Make Strategic Moves

Strategic Insights

— 1 min read

Lucent Technologies Inc. and WinStar Communications Inc. have expanded their value-added reseller agreement, which will see WinStar reselling Lucent's entire portfolio of enterprise data networking products in six major metropolitan areas. Meanwhile, Alliance Bancorp reported decreased profit in the first quarter of 1999, and Vasco Data Security International Inc. raised $11.5 million through a private placement of its common stock.

Key Takeaways:

  • Lucent Technologies Inc. and WinStar Communications Inc. have signed a value-added reseller agreement, expanding their existing broadband fixed wireless network relationship.
  • The agreement will see WinStar's Broadband Services unit reselling Lucent's entire portfolio of enterprise data networking products in six metropolitan areas: Chicago, Dallas, Los Angeles, New York City, San Francisco, and Washington, D.C.
  • More markets will be added later this year as part of the agreement.
  • Alliance Bancorp reported first-quarter earnings of $4.6 million, down from $4.8 million in the same quarter the previous year.
  • Net interest income for Alliance Bancorp was $12.7 million, a 1.4 percent decrease from $12.91 million in 1998.
  • Vasco Data Security International Inc. raised $11.5 million through a private placement of its common stock among institutional investors in Belgium.
  • The stock placement will allow Vasco Data to reduce its debt and interest expense significantly, according to chairman T. Kendall Hunt.
  • The private placement was organized and managed by Artesia Bank and Bank Degroof.

Statistics:

  • Lucent Technologies Inc. and WinStar Communications Inc.'s value-added reseller agreement covers six major metropolitan areas.
  • Alliance Bancorp reported a 3.1 percent decrease in first-quarter earnings compared to the same quarter the previous year.
  • Net interest income for Alliance Bancorp decreased by $0.24 million in the first quarter of 1999 compared to the same quarter in 1998.
  • Vasco Data Security International Inc. raised $11.5 million through a private placement of its common stock.
  • The private placement was completed among institutional investors in Belgium.

Sources:

  • Lucent Technologies Inc. and WinStar Communications Inc. (exact quote from the text)
  • "Naperville - Lucent Technologies Inc. and WinStar Communications Inc. said Monday they have signed a value-added reseller agreement..."
  • Alliance Bancorp (exact quote from the text)
  • "HINSDALE - Alliance Bancorp reported first-quarter earnings of $4.6 million..."
  • Vasco Data Security International Inc. (exact quote from the text)
  • "OAKBROOK TERRACE - Vasco Data Security International Inc. announced it has raised $11.5 million through a private placement..."

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