Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.820

0.0%

Nov 7 9:30 AM EST

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To: Anonymous who wrote (17510)	1/18/2001 11:26:14 PM
From: Fred Gohlke	Read Replies (1) of 21876

Anonymous, Anixter's return of $200 million in inventory scared the dickens out of me. That won't show up on the current earnings report, but will in the next quarter. I do not have a good handle on product values and quantities, but that seemed to me like a pretty large chunk to have to swallow. I decided to sell into yesterday's strength and wait to see what the first quarter report will be. I have absolutely no doubt that LU is a good, strong company. It's not going to choke on that amount, but it will probably get the hiccups. I got in around $13, planning on a long-term hold but that news shook me up. I'd rather be here, whole, and in a position to come back when things settle down. Fred

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