Netopia shares rise
on news of Lucent deal
Shares in Netopia Inc. rose more than 11 percent Friday after the high-speed Internet networking equipment provider was certified to work with Lucent Technologies Inc.'s new product targeting a wide range of high speed data markets.
Shares in Netopia, which has software research and development operations in Lawrence, fell back to close up 5/8 at 35 5/8 on Nasdaq.
Lucent, the world's largest telecommunications equipment maker, said Netopia's digital subscriber line equipment was compatible with the new Lucent Stinger, which provides high-speed data transmission over traditional phone lines to local phone companies and Internet service providers.
The digital subscriber line, or DSL, transmits voice, data and video using already connected copper phone lines at speeds of about 30 times faster than traditional phone service.
"Interoperability with Stinger allows us to jointly offer service providers unprecedented levels of DSL capabilities," said Didier Cop, vice president of marketing, Netopia Internet Equipment Division.
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