Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

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To: Mr.Fun who wrote (11971)	12/31/1999 7:49:00 AM
From: GVTucker	Read Replies (1) of 21876

Mr Fun, RE: All of the 10K criticisms I have heard are exactly the same criticisms I heard in February last year. At the time they were hauled out as evidence that the company was cooking the books to artificially make sales and earnings targets and that it portended a deceleration in sales and earnings growth. In actuality, sales growth accelerated to over 20% YoY and LU beat EPS estimates by an average of 3 cents a quarter. Forgive me if I remain optimistic that the terrific order activity I hear about will turn into continued strong sales and earnings growth. Thanks for your follow up. Certainly the 10-K is not evidence of a company cooking the books. But the games that LU is playing are indicative of the type of company that could cook the books. Quite fortunately, business at LU still appears to be going well, so the balance sheet issues could be overlooked, to a certain extent. I choose normally not to own stocks like this, because there is a risk of implosion if business slows down, and it can come quickly. I'm hoping to be able to spot any slowdown early enough to profit from such an implosion.

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