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Technology Stocks : Lucent Technologies (LU)
LU 2.430-5.1%3:59 PM EST

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To: MRE who started this subject7/8/2000 4:44:01 PM
From: Doug  Read Replies (1) of 21876
 
The market seems to be sending a simple & short message about LU. It is not interested. These are facts as borne out by charting of LU,NT,ALA and CSCO for 3 mths.

The street has decided that ALA has a good chance of doubling its revenues. The stock is now 20% above its 50day ema in unchartered territory. They assume these revenues will come at the expense of the laggard.

LU is mired with its past and this perception lingers on. Mgmt need to put on a dog and pony show to convince the Institutions that they have regrouped ; have a new product portfolio and are ready to assert their leadership. Without the Institutions committing new cash, LU cannot move ahead.
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