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This may be part of the reason that the stock moved up so nicely yesterday.

United Tech Unit Buys 4 Marconi's Elevator Cos
Dow Jones Newswires- 9-7-2000

United Technologies Corp.'s (UTX) Otis Elevator unit acquired four Marconi Corp.'s (U.MNI) elevator and escalator businesses located in Hong Kong, Singapore, Brunei and China.

FARMINGTON, Conn. -- United Technologies Corp.'s (UTX) Otis Elevator Co. unit acquired four Marconi Corporation PLC. (U.MNI) elevator operations in Hong Kong, Singapore, Brunei and China.

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