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Technology Stocks : Lucent Technologies (LU)

LU 2.655

+0.6%

Dec 26 3:59 PM EST

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To: Stock Farmer who wrote (19779)	4/3/2002 1:05:23 PM
From: elmatador	Read Replies (1) of 21876

Merrill says avoid optical networking stocks By Reuters staff 01 April 2002 Market predicted to fall to $19.9bn this year. Merrill Lynch said on Monday it continues to believe that investors should avoid the optical networking market, which it expects to decline another 20 percent this year after falling 18 percent last year. Analysts Tal Liani and Simon Leopold said in a research note that the market will drop to $19.9 billion this year, and perhaps will not recover until late 2003 or early 2004. They reiterated an intermediate-term "reduce/sell" rating on Ciena Corp., and "neutral" rating on Lucent Technologies Inc., Nortel Networks Corp., Alcatel, ADC Telecommunications Inc., Tellabs Inc., Corvis Corp. and Sycamore Networks Inc.

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