Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.680

-0.6%

3:59 PM EST

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To: Sabrejet who wrote (19196)	3/12/2002 10:56:48 AM
From: Daveyk	Read Replies (2) of 21876

From SnP Lucent Technologies (LU): Maintains 3 STARS (hold) Analyst: Ari Bensinger The compant sees a modest-to-10% March-quarter sales rise from the December quarter, below the prior guidance of 10%-15%. The company believes 20% March-quarter gross margin are achievable, and are well below S&P's 24% estimate. Even with lowered guidance, Lucent's sales projections are well above guidance from rivals Nortel and Ciena, both which forecast a significant March-quarter sales decrease from the December quarter. S&P is widening the fiscal 2002 loss per share estimate to $0.19 from $0.15, and believes the target for 35% gross margins during fiscal 2003 (Sept.) are too aggressive. But at an enterprise value of 1.5 times the fiscal 2002 sales estimate, below peer average, S&P thinks the challenges already are factored into Lucent's share price.

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