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Technology Stocks : Lucent Technologies (LU)

LU 2.570

-3.0%

3:59 PM EST

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To: Curtis E. Bemis who wrote (9236)	8/19/1999 1:16:00 PM
From: Techplayer	Read Replies (1) of 21876

Curtis, Interesting comments. Time will tell. Mcginn did state that earnings would exceed estimates in this quarter and the 2 quarters after Dec, (down in december in a smoothing effort) yielding 5-7 cents net over all estimates. Given that historical results have exceeded earnings estimates by better than a penny a quarter and that inventories (no clarification of what these are)were up this last quarter indicates that things may not be so dire... I would assume that the inventories have to include large telco equipment given the amount of inventories and cost of such equipment. Again, we shall see in October. brian

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