This would be awesome, I sure hope this guy is right.
newratings.com
Lucent Technologies "market perform"
Thursday, July 15, 2004 11:15:58 AM ET
Morgan Keegan
NEW YORK, July 15 (New Ratings) - Analyst Simon M Leopold of Morgan Keegan maintains his "market perform" rating on Lucent Technologies (LU.NYS).
Lucent Technologies provides communications equipment, software and services to global wireline and wireless network providers.
According to Morgan Keegan's research note dated July 13 and published this morning, the FCC has approved a frequency spectrum swap for Nextel. Lucent Technologies is likely to provide wireless data networking infrastructure solutions to Nextel, the analyst says. Nextel's capital expenditure budget is likely to be more than $2 billion in 2005, the analyst adds.
Nextel is likely to deploy CDMA EV-DO technology for wireless data networking services in the forthcoming quarters, the analyst mentions. Lucent Technologies would provide the CDMA infrastructure for Nextel, since both companies have already discussed the deployment and placement of base stations for Nextel, the analyst says.
The EPS estimates for 2004 and 2005 are $0.12 and $0.15, respectively. The P/E estimates for 2004 and 2005 are 28.2x and 22.5x, respectively.
Morgan Keegan maintains its "market perform" rating on Lucent Technologies. |
