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Technology Stocks : Lucent Technologies (LU)

LU 2.570

-3.0%

Nov 17 3:59 PM EST

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To: Techplayer who wrote (15469)	7/21/2000 12:39:41 AM
From: Techplayer	Read Replies (1) of 21876

These comments from Mcginn seem to sum up the extent of the LU failure.. directly from McGinn's mouth today in the CNBS interview... "FABER: Back to the business that will be left after you spin off entirely microelectronics. I was speaking to one of your shareholders earlier, talking about Lucent such a great company, great performing stock for so many years until this one but they described the environment back then as easier. A lot of low-hanging fruit, a lot less competition. Credible spending cycle. And they said these days just seems harder. The products are more difficult to perhaps actually manufacture and the competition is more intense. I know a simple way to approach it but is at issue that you would agree with or not agree with? MCGINN: The irony is we agree with many elements of that statement but the products are more complex. I would not agree that there was a great spending spree back then. In fact, the spending a couple years ago was in the low teens. Now it's over 20% on an annualized basis for capital spending by service providers on a worldwide basis. The market is growing faster from a larger base." also, "So it is certainly trying for investors and we understand that. I take personal responsibility for where we are right now. Fact is there is no better time to be in this market with the kinds of systems and technology know how and people to deliver on those complex systems. " In other words, LU is not the stock to own in this sector. tp "http://www.dljdirect.com/cgi/inet/qndigest.trn?research_cde=...

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