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Technology Stocks : Lucent Technologies (LU)
LU 2.660+1.1%3:59 PM EST
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To: Elroy who wrote (20700)8/25/2002 2:07:51 PM
From: sylvester80  Read Replies (1) of 21876
 
Decline in spending does not mean spending goes to zero. Lucent will be able to cut enough into 2003 to get under the break even point. Telecom spending is not going to zero, not in 4 years not in 100 years. Agere did the right move and it looks like Lucent is doing the same as well. Getting under their break even and coming up ahead is the right approach. IMO, LU is looking at $2.5 billion/q as their number to cut to.
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