Technology - June 26, 1999

* Lucent Technologies Inc. agreed to buy Nexabit Networks Inc. for about $900 million in stock, getting the switches it needs to send data along the Internet at high speeds. Lucent would issue about 14 million shares for Marlborough, Mass.-based Nexabit, a closely held developer of so-called terabit routers, which are faster than Cisco System’s routers.