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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	12/13/2001 7:45:14 AM
From: sylvester80	of 99280

Lucent warns about 1Q money.cnn.com Lucent warns about 1Q Telecom manufacturer anticipates significant revenue decline in quarter. NEW YORK (CNN/Money) - Troubled telecom manufacturer Lucent Technologies lowered fiscal first-quarter projections Thursday saying it now anticipates a loss of 23 cents to 26 cents a share, far wider than the 17 cents a share Wall Street had anticipated. Murray Hill, N.J.-based Lucent said it expects "significant" revenue decline in the quarter ending this month coming in at $3.1 billion to $3.4 billion, down sharply from the $4.8 billion it logged in the prior quarter. Shares of Lucent (LU: Research, Estimates) , which are among the most widely held, fell 23 cents to $7.50 in before-hours trading Thursday.

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