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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 77.95+0.2%Dec 5 9:30 AM EST

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To: RetiredNow who wrote (31090)1/7/2000 8:00:00 AM
From: Zoltan!  Read Replies (1) of 77400
 
....Skeptical pros have
criticized Lucent for
using accounting
maneuvers to look like a
fast-growing company. For at least two quarters last
year, the company posted negative cash flow,
thanks to soaring receivables and inventories. A
strong performance in the September quarter
temporarily allayed concerns about its organic
growth. But Thursday's announcement rekindled
concerns that Lucent needs to adjust to telephone
carriers' demands for new network technologies.

"It took a few quarters to show, but I think they have
run out of places to hide," says Truc Do, an equity
analyst with SoundView Technology Group, who
has rated the stock a hold for about a year and
whose firm has no banking ties to Lucent. "They
have to come clean with their guidance. Their
business is shifting, and they need to react to it." ....

thestreet.com
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