Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.490

-1.2%

12:59 PM EST

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To: DiB who wrote (20488)	7/13/2002 7:42:49 AM
From: John Soileau	Read Replies (1) of 21876

Baffling, baffling strength. Usually a weak sister on down days, LU has ignored a declining market and charged ahead like a bull moose. I haven't hear any merger or buyout rumors (except here), but posted a while back that I thought GE/LU would be a beautiful combo. Here's the argument: all the other parts of GE could exploit Bell Labs and the patent collection (something LU mgmt hasn't done effectively in the past); GE would get an instant major-player telcom distribution channel and competitive position; streamlining mgmt and RIFs of redundant operations would essentially guarantee that the new GE telcom division would have positive cash flow; and who knows what a merger/buyout price would be, but LU's stock has got to look juicy to a predator these days, and IMO anything under 4 would be a steal. I'd love a GE marriage proposal; a bidding war would be even more fun (dreaming here). Maybe the strength is from a pending major contract to be announced (weren't there rumors of this weeks ago?), or better operating news to be revealed at the cc. I don't have a clue, but my gut says there must be a reason LU has been levitating on down days. That's just not her natural tendency. John

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