Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.415

+1.9%

3:59 PM EST

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To: Dana Adams who wrote (12450)	1/10/2000 8:43:00 AM
From: GVTucker	Read Replies (2) of 21876

Dana, RE: In summary, one quarters downfall does not change the year. McGinn said it and I believe it! If that were to change then a re-evaluation is needed. They already have preannounced not only the Dec quarter but also warned that the March '00 quarter would be lower than expected. I guess according to what you said, a re-evaluation is needed now. I wouldn't be surprised to find if his firm was buying at these levels. You can't buy stock with earnings. You need cash flow. And LU doesn't have much cash flow. Then again, you don't think things like A/R and inventory matter, so I guess I shouldn't expect you to then make the leap to knowing that cash flow is needed for stock buybacks.

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