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Technology Stocks : Lucent Technologies (LU)
LU 2.895+2.7%1:36 PM EST

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To: KYA27 who wrote (12553)1/10/2000 9:39:00 PM
From: chuckj   of 21876
 
I agree, that the true test is on a down day. My opinion about this dip is that McGinn and the board got together and decided to take the bullet this quarter and set the new paradigm that from now on the Q1 is not going to be a lob sided quarter, so analysts and friends get used to it. From his comments about the fact we are going to meet the yearly numbers this is certainly apparent. Furthermore it can be deducted that a company with the financial know how of Lucent will know that they are going to miss the revenue numbers by 2 billions somewhere along the line in the quarter. If we recover back to the 70/80 level that will mean that the market understands McGinn's strategy. If we test the 47 level then there is "something rotten in Denmark."

cj
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