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Technology Stocks : Lucent Technologies (LU)

LU 2.545

-0.6%

3:59 PM EST

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To: DiB who wrote (20788)	9/13/2002 8:18:23 PM
From: sylvester80	Read Replies (1) of 21876

The revenue miss is primarily due to wireless cap ex declines IMO. Read the sprint news and you will understand. Sprint cut their subs growth by 50%. And normally you try and build ahead. So current network capacity is more than enough to handle this rapidly declining number of new subs. So I see no reason why Sprint and the others would be investing in new equipment when they see that their growth is going down fast. With more than half their revenues from wireless, Lucent's and Nortel's warnings were expected. I expect even lower revenues during the next 2 quarters. JMHO.

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