Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.470

+1.6%

10:48 AM EST

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To: Anonymous who wrote (10032)	10/15/1999 11:55:00 AM
From: hitesh puri	Read Replies (2) of 21876

Well looks like we have another "buying opportunity". More bad news from Lucent. Sources tell me that there have been layoffs in the Business Equipment area where growth was stagnant or even going down. There has been extreme pricing pressure on the 5ESS switch so count out any upside surprise. Lucent is having a tough time bringing inventories down and from the looks of it the word is out and we are looking at the mid 50's. On top of that looks like their announcements in the Geneva Expo were met with yawns so unlike NT no MoMo from PR stuff. The Bears have done a good jobs digging their claws in with the 10% revenue growth and balance sheet problems. Looks like we are looking at a 6 month more dead LU. -Hitesh

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