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Technology Stocks : Lucent Technologies (LU)
LU 2.760-2.3%1:22 PM EST
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To: Jeff Jordan who wrote (21274)5/24/2003 8:21:55 PM
From: Jack Zahran  Read Replies (1) of 21876
 
Once you get out it tends to go up ;)

I think lucent keeps the reverse split in their back pocket in case they go below 1 again. It's a safety net in a worse case scenerio, which they were in not too long ago. Telecommunications seems to be digging out and with their reduced cost structure and emphasis on emulating IBM's Gerstner comeback model, I think this will be a nice return. I am viewing Lucent as an investment. With Lucent partnering with erveryone of Cisco's competitors and including them in their ecology of excellent products, they have been able to eliminate losing divisions while still providing customers with solutions at every part of the food chain. A best of breed solution, rather than Cisco's homogenous solutions. Different corporate types will like one or the other. But where Cisco's strength is IP, LUcent and their partners are IP and ATM and Switching gear...

Not a bad strategy. And, I am not looking for LU to win against Cisco, I only need them to return to profitability while providing a compelling product line.

Of course, we need to see some evidence that things are working out. I'd hate a reverse split. Don't trust the Merrill Lynch analysts though, they have no credibilty and they always seem to come out with bearish reports just when momentum is there. Merrill is trying ot hold down a few companies, it's suspicious.
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