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Technology Stocks : Lucent Technologies (LU)
LU 2.825-2.2%Nov 11 3:59 PM EST
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To: Jack Zahran who wrote (21275)5/25/2003 10:59:26 PM
From: elmatador  Read Replies (1) of 21876
 
The beginning of the end of LU.
When a company starts relying on government contracts for survival, it is finished.

Lucent's services contract
Optical Networks Daily May 23, 2003

A key phrase in Lucent's announcement regarding the $50 million contract it has taken to upgrade U.S. Army bases in North America and Asia by 2006 is John Meyer's comment that the contract is "a milestone development" for Lucent's services business on the road to "becoming a leading network integrator for service providers and government entities".

This echoes Pat Russo's enunciation <http://www.opticalkeyhole.com/keyhole/html/eventtext.asp?ID=34694&pd=5/12/2003> of Lucent's current strategy, which recognises that with a much weakened product line having substantial gaps, Lucent's best bet is to use the platform of the still valuable Lucent brand name to deploy the mature experience still available in the company of broad equipment environments, at the level above the product - one where it can probably make money, a result not so evident in the equipment field.

Lucent can thus perhaps prepare itself, if it can recover profitability, to re-enter some of the missing product areas with new technology from Bell Labs. This strategy also recognises the goodwill inherent in the company's relationship with the U.S. government and armed forces, who it has been supporting for years.
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