Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.585

+0.2%

11:30 AM EST

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To: Anonymous who wrote (20642)	8/7/2002 4:47:04 PM
From: David Hansen	of 21876

Hey, I really thought it would be a lot worse than this... Not sure if we won't re-test this low throughout August... my bet is that we will. I still say you got to go against conventional wisdom - now is the time to continue buying. Build your base, don't use any money that you will need for the next 2-5 years... The recovery won't happen until we see much consolidation and streamlining of RBOC/ILEC/CLEC/ICOS... don't think it's over until the remaining survivors are reporting better than expected profits. The vendors are going to be bouncing along the bottom for some time until the sector recovers... LU can survive this and will. LU's competition will be changing though. Get ready for major shake-outs with the European vendors like NOK, ERICY and ALA... Only Siemens looks ready to weather what's coming down the pike...

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