Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.650

-2.9%

Nov 14 9:30 AM EST

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To: GVTucker who wrote (8965)	8/2/1999 12:48:00 PM
From: Chuzzlewit	Read Replies (2) of 21876

GVTucker, thanks for your insights. The conclusions of your consultant friends pretty much mirrors those that I have have surmised from analysis of the financial statements. I am not sure that I know the ultimate source of the inefficiencies, but I suspect that much of it is inherited baggage from the days when LU was part of AT&T. There is also a question of focus. It appears that McGinn is fixated on expanding LU's presence in networking rather than creating a more efficient operating structure. This is the opposite strategy from IBM's, where Gerstner first cut internal inefficiencies and then sought to reinvent the company by moving more heavily into services. From a strictly financial point of view, Gerstner's strategy makes much more sense to me, but I am not sure that McGinn's strategy is necessarily wrong-headed if he now takes the time to focus on operating efficiencies. TTFN, CTC

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