Agere Systems - Deutsche Banc Alex. Brown's Raj Srikanth Initiates Research Coverage

'Leading the Next Wave in Communications: Optics + ICs'



Apr 25, 2001, 01:00 ET from Deutsche Banc Alex. Brown Inc.

    NEW YORK, April 25 /PRNewswire/ -- Deutsche Banc Alex. Brown analysts Raj
 Srikanth initiated coverage on shares of Agere Systems Inc. (NYSE:   AGR.A)
 ($6.89) with a BUY investment rating.
     Srikanth's favorable outlook for Agere is rooted in his strong conviction
 that the demand for bandwidth is real and that current bandwidth at the user
 level is still inadequate.
     "In our opinion, Agere is the best way to play the convergence of optics
 and semiconductors in the communications space," said Srikanth.
     His positive investment opinion on the shares is based on the following
 factors:
 
     -- Agere is a premier vendor of both optics and ICs and a leader in
        communication components.
     -- The company possesses unique system level expertise, which
        differentiates it from competitors and enhances its position as a
        valued supplier.
     -- Agere provides one-stop shopping for both optical components and
        communications ICs.
     -- Agere is a technology leader with a large and very experienced R&D team
        and a sizable patent portfolio.
     -- The addressable markets for Agere's products are large and growing
        rapidly.
     -- Agere's shares represent an attractive investment in the communications
        sector given the company's solid balance sheet and low stock valuation
        relative to its peers.
 
     Deutsche Banc Alex. Brown represents the Investment Banking activities of
 Deutsche Banc Alex. Brown Inc. (US) and Deutsche Bank Securities Ltd.
 (Canada). Deutsche Banc Alex. Brown and Deutsche Bank Securities Ltd. are
 subsidiaries of Deutsche Bank AG.  With assets of about Euro 940 billion and
 more than 98,000 employees, Deutsche Bank offers its clients unparalleled
 financial services throughout the world in over 60 countries. It ranks among
 the leaders in asset management, capital markets, corporate finance, custody,
 cash management and private banking. Deutsche Bank is organised in two
 customer-oriented Groups: "Corporate and Investment Bank" (CIB) and "Private
 Clients and Asset Management" (PCAM). The keys to the Bank's success remain
 constant: customer focus, the spirit of innovation, a broad range of product
 skills combined with technological power and financial strength delivered by
 highly skilled professionals.
 
     Deutsche Banc Alex. Brown Inc. maintains a net primary market in the
 common stock of Agere Systems Inc.
     Within the past three years, Deutsche Banc Alex. Brown Inc. has managed or
 comanaged a public offering of Agere Systems Inc..
 
     Information herein is believed to be reliable and has been obtained from
 sources believed to be reliable, but its accuracy and completeness cannot be
 guaranteed.  Opinions, estimates, and projections constitute our judgement and
 are subject to change without notice.  This publication is provided to you for
 information purposes only and is not intended as an offer or solicitation for
 the sale of any financial instrument.  Deutsche Banc Alex. Brown Inc. and its
 affiliates worldwide, may hold a position or act as market maker in the
 financial instruments of any issuer discussed herein or act as advisor or
 lender to such issuer.  Transactions should be executed through a Deutsche
 Bank entity in the client's home jurisdiction unless otherwise permitted by
 law.  Deutsche Banc Alex. Brown Inc. is a member of NYSE and NASD.  2001
 Deutsche Banc Alex. Brown Inc.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X57578216
 
 

SOURCE Deutsche Banc Alex. Brown Inc.
    NEW YORK, April 25 /PRNewswire/ -- Deutsche Banc Alex. Brown analysts Raj
 Srikanth initiated coverage on shares of Agere Systems Inc. (NYSE:   AGR.A)
 ($6.89) with a BUY investment rating.
     Srikanth's favorable outlook for Agere is rooted in his strong conviction
 that the demand for bandwidth is real and that current bandwidth at the user
 level is still inadequate.
     "In our opinion, Agere is the best way to play the convergence of optics
 and semiconductors in the communications space," said Srikanth.
     His positive investment opinion on the shares is based on the following
 factors:
 
     -- Agere is a premier vendor of both optics and ICs and a leader in
        communication components.
     -- The company possesses unique system level expertise, which
        differentiates it from competitors and enhances its position as a
        valued supplier.
     -- Agere provides one-stop shopping for both optical components and
        communications ICs.
     -- Agere is a technology leader with a large and very experienced R&D team
        and a sizable patent portfolio.
     -- The addressable markets for Agere's products are large and growing
        rapidly.
     -- Agere's shares represent an attractive investment in the communications
        sector given the company's solid balance sheet and low stock valuation
        relative to its peers.
 
     Deutsche Banc Alex. Brown represents the Investment Banking activities of
 Deutsche Banc Alex. Brown Inc. (US) and Deutsche Bank Securities Ltd.
 (Canada). Deutsche Banc Alex. Brown and Deutsche Bank Securities Ltd. are
 subsidiaries of Deutsche Bank AG.  With assets of about Euro 940 billion and
 more than 98,000 employees, Deutsche Bank offers its clients unparalleled
 financial services throughout the world in over 60 countries. It ranks among
 the leaders in asset management, capital markets, corporate finance, custody,
 cash management and private banking. Deutsche Bank is organised in two
 customer-oriented Groups: "Corporate and Investment Bank" (CIB) and "Private
 Clients and Asset Management" (PCAM). The keys to the Bank's success remain
 constant: customer focus, the spirit of innovation, a broad range of product
 skills combined with technological power and financial strength delivered by
 highly skilled professionals.
 
     Deutsche Banc Alex. Brown Inc. maintains a net primary market in the
 common stock of Agere Systems Inc.
     Within the past three years, Deutsche Banc Alex. Brown Inc. has managed or
 comanaged a public offering of Agere Systems Inc..
 
     Information herein is believed to be reliable and has been obtained from
 sources believed to be reliable, but its accuracy and completeness cannot be
 guaranteed.  Opinions, estimates, and projections constitute our judgement and
 are subject to change without notice.  This publication is provided to you for
 information purposes only and is not intended as an offer or solicitation for
 the sale of any financial instrument.  Deutsche Banc Alex. Brown Inc. and its
 affiliates worldwide, may hold a position or act as market maker in the
 financial instruments of any issuer discussed herein or act as advisor or
 lender to such issuer.  Transactions should be executed through a Deutsche
 Bank entity in the client's home jurisdiction unless otherwise permitted by
 law.  Deutsche Banc Alex. Brown Inc. is a member of NYSE and NASD.  2001
 Deutsche Banc Alex. Brown Inc.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X57578216
 
 SOURCE  Deutsche Banc Alex. Brown Inc.