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Technology Stocks : Lucent Technologies (LU)
LU 2.680+0.2%12:12 PM EST

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To: Anonymous who wrote (16037)9/12/2000 9:05:17 PM
From: KevRupert  Read Replies (3) of 21876
 
Valuation:

Fiber optics are overvalued. The Nortel CEO made such a claim in a thestreet.com weekend feature 2-3 weeks ago. Excellent article. He said Lucent's management went off the road (regarding the telecom industry), and lost its leadership in the telecom space. Avaya is worthless in my opinion (1 share per 12 -- for a company that is growing slower than McDonalds?).

Looking at Ciena/Nortel/Cisco, this industry has quite a few more issues to address before the catalysts are in place for an uptrend. Especially for a laggard. I've really come full circle on this company. The one plus the company has is its new CFO.

Assuming that Avaya isn't worth the paper its printed on, and the ME unit is currently overvalued (by the telecom analysts making comparisons to GLW/JDSU), then where is the catalyst to move the stock?
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