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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: Techplayer who wrote (9229)	8/19/1999 3:40:00 PM
From: Gerald Walls	Read Replies (1) of 21876

One thing sticks out from the CSCO CC. If Chambers was so sure that INS was unimportant to CSCO, he would not have spent so much time saying just that. It sounded very much like a child saying "i didn't want it anyway" after his/her parent said you can't have it. From listening to the CC over the web the impression that I got was that, when directly questioned about the Lucent-INS buyout, he said that while it would not have been a good purchase for CSCO (and they had in fact turned down overtures from INS) it was not necessarily bad for Lucent. In essence he went out of his way to not call Lucent stupid for buying them. That's why his response wasn't as brief as "It wasn't important." Your "child" remark is totally off base.

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