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Technology Stocks : Lucent Technologies (LU)

LU 2.550

+2.4%

Dec 1 3:59 PM EST

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To: polarisnh who wrote (9015)	8/4/1999 9:52:00 PM
From: Haim R. Branisteanu	Read Replies (3) of 21876

Steven, just read careful their financial statements and all the remarks. Most important see the gross and operating margins, G&A and how they grow relative to sales. Also important the issuance of debt and accounts receivables. The small print reveals it all - smoke and mirrors, actual real earnings are about half of reported. Aside McGinn (spl?) admitted indirectly that LU manages earnings in his interview on CNBC.(smoothing <GG>) BTW I am no fan of CISCO who is another company with false financial reporting. BWDIK Haim

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