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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.64

+1.9%

Feb 6 4:00 PM EST

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To: Johnny Canuck who wrote (40924)	4/2/2004 12:45:18 PM
From: Johnny Canuck	Read Replies (1) of 70597

08:26 LU LU upped to Neutral from Underweight at JP Morgan (4.23 ) JP Morgan upgrades Lucent to Neutral from Underweight. According to the firm, while topline growth still appears less than stellar, the co has re-aligned its cost structure with the current revenue opportunity. In addition, the CDMA wireless infrastructure market looks strong over the next 2 yrs and the overall wireline spending environment appears stable. The firm forecasts 7% growth in '04 for CDMA infrastructure, rebounding from an 11% decline in 2003 and believes Lucent has an opportunity to win WCDMA business outside of Western Europe, specifically in the US and China as those geographies move closer to deploying WCDMA. Analyst raises EPS in Q204 to $0.02 from $0.01; in FY'04 to $0.10 from $0.06; and in FY'05 to $0.19 from $0.10.

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