The company will have 18,000-route miles of fiber in operation by the end of 1998. Adaptive said several US telecom providers are also evaluating the system. In an interview with InternetWeek, Richard McGinn, CEO of Lucent Technologies, said he expects the distinction between ATM and IP fabrics to blur over time. As for product development at Lucent, major areas for innovation include semiconductor, network and systems-management areas, as well as in software for better call control, IP and ATM management. Regarding possible acquisitions, McGinn noted that Lucent has acquired ten firms so far and may acquire a handful more in 1999.
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The funds will be used to pay down a portion of the firm's short-term debt.