The njbizDAILY - 07/12/2001



IN TODAY'S EDITION:

-8,500 Take Lucent Early Retirement Buyout

-ECCS Changes Name to Storage Engine

-Lakeland Bancorp Reports Increase in Earnings

-Pharmacopeia to Consider Strategic Alternatives

-Independence Telecom to be Acquired by VersaCOM

Go to http://www.njbiz.com to learn more.


Visit the NJBIZ.com Golf Guide (http://www.njbiz.com/golf) and enter to win free tickets to some of the

major golf tournaments taking place this year in the Garden State. The Golf Guide also includes a

complete directory of golf courses, public and private, throughout the state.


Market Summary as at 2:31 p.m.

Dow Jones Industrial Average Up 154.47 to 10395.49

Nasdaq Composite Index Up 83.18 to 2055.22

S&P 500 Up 20.08 to 1200.26

New Jersey's Big Movers:

Ulticom up $4.70 to $22.70

Alpharma up $4.21 to $27.71

Emcore up $3.19 to $22.16

Pharmacopeia down $2.52 to $17.03

Professional Detailing down $2.21 to $78.00

Schering-Plough down $1.53 to $34.74

8,500 Take Lucent Early Retirement Buyout

Lucent Technologies announced that more than ,500 employees have accepted the company's early retirement offer.

http://www.njbiz.com/CurrentNews.cfm?id=4838


ECCS Changes Name to Storage Engine

Tinton Falls-based ECCS announced it has changed it's name to Storage Engine.

http://www.njbiz.com/CurrentNews.cfm?id=4837


Lakeland Bancorp Reports Increase in Earnings

Oak Ridge's Lakeland Bancorp reported diluted earnings per share of $0.20 for the second quarter, up

11% from $0.18 for the same period in 2000.

http://www.njbiz.com/CurrentNews.cfm?id=4836


Pharmacopeia to Consider Strategic Alternatives

Pharmacopeia announced it is reviewing strategic alternatives, including acquisitions, joint ventures, and

a separation of the drug discovery and software businesses.

http://www.njbiz.com/CurrentNews.cfm?id=4834



Independence Telecom to be Acquired by VersaCOM

VersaCOM International announced the signing of the letter of intent to purchase the assets and customer base of Independence Telecommunications.

http://www.njbiz.com/CurrentNews.cfm?id=4835

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