Mark, they said the same about DEC at the time, CPQ, DELL and the list is endless.
What, endless list of box makers? Different industry, Haim. Telecom equipment sector is comparatively FAR more mature, for one thing.
For some reason people on this tread completely ignore overseas companies who are competing with LU with.
Name two that are legitimate threats to LU's business now or in the future, overseas or otherwise.
As to LU they manage their earnings...
I would certainly hope so.
...and McGinns is a salesman who puts substantial effort in selling the company stock, not the products.
McGinn is supposed to make LU stock worth as much as possible. The better LU's products, the easier it is to sell stock. If a billion dollar contract to AT&T (not to mention numerous smaller contracts to numerous other companies) doesn't tell the tale of McGinn's sales prowess, what does?
As to technological achievements for example Israel is very advanced (population 5.5 million)and they are selling to the higher bidder many of which are Europeans and Asians. As a matter of fact LU paid through the nose for an Israeli outfit.
So, overseas firms have technological superiority. OK. Lucent buys Israel's Libit (for a price that for Lucent is a mere drop in the bucket, not "paying through the nose") and obtains some of that superiority.
Really, Haim, how do you see ANY of these international small fry competing with an international powerhouse like Lucent? Nothing the market's ever shown me supports your assertions.
Mark |
