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Technology Stocks : Lucent Technologies (LU)

LU 2.415

+1.9%

Nov 21 9:30 AM EST

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To: David Hansen who wrote (21485)	1/21/2004 2:44:39 PM
From: Elroy	Read Replies (1) of 21876

These numbers stink. I think they include $150m in revenues that LU couldn't recognize back in June 2003 due to problem with network acceptance by the customer. That revenues, which was for product probably sold a year ago and shipped 9 months ago, got recognized in the December Q. Without it, LU would have missed the revenue number and who knows where margins would have been. And even with it and a report of 7 cents EPS, all LU can say is that they will be profitable for the fiscal 2004 year which ends next September, so all they are committing to is losing less than 6 cents over the next 3 quarters. Woo hoo! "We still expect annual revenues to remain essentially flat or to increase slightly year over year. And while we may still see some quarterly ups and downs, given this quarter's results, we expect to report a profit for the year, " That's an attractive outlook? Sounds like crap to me.... Elroy

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