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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: Sawtooth who wrote (16060)9/14/2000 12:43:06 PM
From: telecomguy  Read Replies (1) of 21876
 
Do you LU guys ever wonder why LU only has 700 million in CASH while NT has 3.4 BILLION?

When a company as large as LU has only 700 million cash, you KNOW they are having serious management control problems.

WHERE are all those ACCOUNTING PROFITS going? Don't say acquisitions since they are all done with papers these days.

Some serious introspection is needed before you guys realize what kind of trouble LU is in right now. I won't bother listing them because there are so many........

LU is a TITANIC on the FIRST leg of it's ultimate demise (my guess is low 30's or even lower).

By the way, don't bother looking at PE multiples........it means nothing when market shares are being lost, people are defecting, products are not competitive.......oops I said I wasn't going to list the problems.
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