ADC, Lucent Set Venture Funds.(ADC Telecommunications Inc., Lucent Venture Partners)
Multichannel News, March, 2000
NEW YORK -- Two cable-equipment vendors have started venture-capital funds aimed at making investments in the hot Internet and technology sectors. Lucent Technologies said last week that it would start a second $150 million venture fund within its Lucent Venture Partners subsidiary; investing in technology and market approaches key to its own research and development.
In addition to fiber optic, data and wireless networking, the fund will invest in firms developing communications semiconductors and software, professional services and business-to-business electronic commerce. Lucent launched Lucent Venture Partners in 1998, with $100 million. Also last week, ADC Telecommunications Inc., a Minneapolis-based broadband-equipment supplier,...
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