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Technology Stocks : Lucent Technologies (LU)

LU 2.685

-0.4%

3:59 PM EST

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To: Georgeb who wrote (16838)	10/18/2000 10:14:55 PM
From: Joe S Pack	Read Replies (1) of 21876

Some hope?.. -Nat biz.yahoo.com Chartered up after strong Q3 earnings SINGAPORE, Oct 19 (Reuters) - Chartered Semiconductor Manufacturing's shares rose 10 cents to S$6.85 in early Singapore trade after the chip foundry's announcement of solid growth in the third quarter ended September. By 0135 GMT, Chartered was up five cents at S$6.80 with more than three million shares changing hands. For the third quarter ended September 30, Chartered reported a net profit of US$71.6 million, up from a net loss of $6.2 million a year ago. The better performance was largely due to strong orders from Lucent Technologies (NYSE:LU - news) and improved customer and product mix. It posted revenue of $305.6 million, up 67 percent from a year ago. Analysts polled by Reuters had expected a net profit of $60-66 million with revenues close to $300 million.

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