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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 689.58

-0.3%

Jan 7 4:00 PM EST

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To: Johnny Canuck who wrote (35535)	12/13/2001 1:30:31 PM
From: Johnny Canuck	Read Replies (1) of 69573

LU warns: "Results were weak across the board and management believes that the weakness is a reflection of weak industry dynamics as most carriers spent large components of their budgets during the first part of the year -- to the detriment of business trends today. "A look at our current capex analysis suggests that Q4 capex spending should be slightly down vs. Q3 levels. Hence, Lucent is either losing significant market share or carriers are meaningfully underspending their budgets in Q4. We suspect that both conclusions are correct." marketwatch.com

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