Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.670

-1.5%

Jan 23 9:30 AM EST

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To: Anonymous who wrote (16037)	9/13/2000 9:40:18 PM
From: Techhelp	Read Replies (1) of 21876

There are a great many thoughts in your post. Unfortunately they are all negative for the stock. With the volume of shares that are heading for the gate, it makes us all wonder if there is more bad news to be announced. There appears to be a track record with this company of heavy trading before bad news is announced. Up to this point, I did not think that McGuinn should be fired, however he has become an embarrassment to Lucent, the BOD and him. McGuinn as the CEO is costing investors lots of money and the end may not be in sight. How can a company in the hottest sector of the market, with arguably the best research facility in the world, huge customer base and lots of cash fall so far so fast? The reasons and excuses that were given to investment community just don't make it any more. The company has had 9 months and the investors are in worse shape today than in January. New products are not flowing out of the pipeline as we were promised. What we have been given in place of good products is financial re-engineering. The spin-offs is not moving this stock. The spin-off of the ME should be done sooner while the optical market is still hot. I would say that it is time for a change in leadership, but that presumes Lucent has leadership now.

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